Maple-Brown Abbott Diversified Investment Trust

Performance

Performance
(as at 31 May 2018)

Performance 1 mth % 3 mths % 1 yr % p.a. 3 yrs % p.a. 4 yrs % p.a. 5 yrs % p.a. Since inception % p.a. *
Fund ** -0.3 0.3 3.5 3.6 6.0 7.6 9.2
Benchmark *** 0.4 1.2 6.5 4.6 6.4 7.3 N/A

Performance chart
(as at 31 May 2018)

Data Source: Maple-Brown Abbott and Morningstar ****

Unit price as at 21 Jun 2018

Redemption price $ 2.2627

Net asset value $ 2.2668

Application price $ 2.2709

Contact us

Maple-Brown Abbott

invest@maple-brownabbott.com.au

Phone: +61 (0) 2 8226 6200

PERFORMANCE DISCLAIMER: Please note that the figures above represent past performance, and past performance is not a reliable indicator of future performance. Returns are volatile and may fluctuate quickly and significantly. Neither Maple-Brown Abbott Limited nor any other person makes any representation nor gives any guarantee as to the future performance or success of, the rate of income or capital return from, recovery of money invested in, or income tax or other taxation consequences of, any investment in the trusts shown on this website.

* Inception date is 31 May 1988.

** Total return is based on the movement in net asset value per unit plus distributions and is before tax and after all fees and charges. Imputation and foreign tax credits are not included in the performance figures.

*** The Index to 31 May 2008 is the Standard & Poor’s Multisector 80 Wholesale Index and from 1 June 2008 is the Morningstar Australia Fund Multisector Growth category average from 1 June '08.

**** © 2017 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘class service’ have been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/s/fsg.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser. Some material is copyright and published under licence from ASX Operations Pty Ltd ACN 004 523 782 ("ASXO").

About the Fund

Investment objective

The Fund aims to outperform the Morningstar Australia Fund Multisector Growth category average over rolling four-year periods.

Key benefits

  • The opportunity to invest in a fund managed by a team of experienced and dedicated investment professionals
  • Access to a diversified portfolio that aims to deliver long-term capital growth
  • Access to investment opportunities, markets, asset allocation and risk management techniques not generally available to individual investors
  • The potential to receive quarterly distributions
  • The potential for tax-effective income through access to franked dividends derived from the Australian equities holdings within the Fund

Fund facts
(as at 31 May 2018) Latest Fact Sheet

Fund size $ 336.8 Million
APIR code MPL0001AU
Inception date May 1988
Distribution frequency Quarterly
Unit pricing frequency Daily
Minimum initial investment $ 50,000
Minimum additional investment $ 10,000

Significant holdings
(Australian equities - as at 31 May 2018)

Australia & New Zealand Banking Gp
BHP Billiton
National Australia Bank
Origin Energy
QBE Insurance Group
Rio Tinto
Telstra Corporation
Wesfarmers
Westpac Banking Corporation
Woodside Petroleum

Asset allocation
(as at 31 May 2018)

Overseas equities weightings
(as at 31 May 2018)

New Strategic Asset allocation - effective from 11 June 2018

The Asset Allocation Committee met recently and approved changes to the Strategic Asset Allocation of the Trust.

Find out more
If you have any questions about this change please contact:-
Simon Beram, Head of Client Services on (02) 8226 6200 or via sberam@maple-brownabbott.com.au

Distributions

Distribution history

Here you will find the distribution history for the Fund.

Generally, the main components of distributions are dividends received, and interest, realised capital gains and other income derived by the Fund, less fees and expenses.

The distributions are expressed as cents per unit.

If you would like more information or have any questions, please contact us on +61 (0) 2 8226 6200 or accounting@maple-brownabbott.com.au.

Date Cents per unit Div 12-H Summary Taxable Component Summary
31/03/2018 1.5000 ¢ Div 12-H Summary n/a
31/12/2017 1.5000 ¢ Div 12-H Summary n/a
30/09/2017 1.5000 ¢ Div 12-H Summary n/a
30/06/2017 13.3178 ¢ Div 12-H Summary n/a
31/03/2017 1.5000 ¢ Div 12-H Summary n/a

Download distribution history

Unit prices

Unit price history

Here you will find the unit price history for the Fund.

If you would like more information or have any questions, please contact us on +61 (0) 2 8226 6200 or accounting@maple-brownabbott.com.au.

Date Redemption price Net asset value Application price
21/06/2018 $ 2.2627 $ 2.2668 $ 2.2709
20/06/2018 $ 2.2603 $ 2.2644 $ 2.2685
19/06/2018 $ 2.2523 $ 2.2564 $ 2.2605
18/06/2018 $ 2.2570 $ 2.2611 $ 2.2652
15/06/2018 $ 2.2569 $ 2.2610 $ 2.2651
14/06/2018 $ 2.2446 $ 2.2486 $ 2.2526
13/06/2018 $ 2.2403 $ 2.2443 $ 2.2483
12/06/2018 $ 2.2451 $ 2.2491 $ 2.2531
08/06/2018 $ 2.2430 $ 2.2470 $ 2.2510
07/06/2018 $ 2.2415 $ 2.2455 $ 2.2495

^ Ex price.

Download unit price history

Forms & reports

Forms & reports

Below is a range of important forms and reports that are available.

To invest with us you should ensure you have read the Product Disclosure Statement (PDS), including the Additional Information Booklet (AIB), before completing the Initial Application.

The Fact Sheet will provide you with an update on the Fund including performance and positioning.

If you would like more information or have any questions, please contact us on +61 (0) 2 8226 6200 or invest@maple-brownabbott.com.au.

Invest now

Invest now

You can invest with Maple-Brown Abbott directly or through a financial adviser.

  • Directly with Maple-Brown Abbott

It is easy to invest with Maple-Brown Abbott, just follow the steps below. And if you have any questions please contact us on +61 (0) 2 8226 6200.


Step 1: Read the current Product Disclosure Statement (PDS)

Carefully read the Product Disclosure Statement (PDS) including the Additional Information Booklet (AIB) to ensure that you understand how the product works and the risks involved.

Or, you can request a paper copy be mailed to you by completing our online form or contacting us on +61 (0) 2 8226 6200.


Step 2: Make an Initial Application


Existing investors should use the Additional Investment Request below.

Step 3: Investment confirmation

Once your application and payment are received, you'll receive confirmation of your investment details.


  • Through a Financial Adviser

You can invest in the Fund through a Financial Adviser. Financial Advisers generally invest in managed funds through platforms.

Our funds are currently available on the following platforms

Still need help?

If you have any questions, please contact us +61 (0) 2 8226 6200 or invest@maple-brownabbott.com.au.


Fees And Costs

Management Costs *

Base
Fee
% 1 & 2
Indirect
Costs
% 3 & 4
Recoverable
Expenses
% 3 & 5
Total

%
0.89 0.06 0.01 0.96

1) Unless otherwise stated, all fees are quoted on a GST inclusive basis and net of any applicable Reduced Input Tax Credits.


2) The base fee is the fee we charge for managing the assets and overseeing the operations of the Fund, expressed as a percentage of the net asset value of the Fund. The Fund invests part of its assets in other funds which we manage. Base fees in those funds are either rebated or not charged, in respect of an investment by the Fund to avoid double counting of fees in respect of those underlying funds.


3) All other components of the management costs are based on the indirect costs and recoverable expenses incurred during the prior financial year ended 30 June.


4) Indirect costs are any amounts reflected in the value of the Fund's investments that we know or estimate will reduce the Fund's returns, other than the base fee, recoverable expenses and transactional and operational costs. The indirect costs represent the fees paid to external managers of the individually managed portfolios in the Maple-Brown Abbott International Equity Trust.


5) Under the Fund’s Constitution we are entitled to be reimbursed for authorised expenses incurred in managing and administering a Fund, however at present we have chosen not to be reimbursed for routine fund expenses including registry, custodian, accounting and legal expenses (excluding transaction costs) which are paid by us out of our base fee. Audit costs are paid, and any levy payable to the Australian Securities and Investments Commission (ASIC) may be paid, out of the Fund.


* Fees may be negotiated if you are a wholesale investor as defined in the Corporations Act 2001 (Cth).



Transactional and Operational Costs

Total transactional and
operational costs
% 1
Less buy-sell
spread recovery
% 2
Net transactional and
operational costs
%
3
0.15 0.03 0.12

1) Transactional and operational costs represent the estimated costs from the Fund’s investing activities. These costs are in addition to the management costs. The transactional and operational costs are reflected in the unit price and impact the performance of the Fund. These costs include brokerage, settlement costs, clearing costs, stamp duty and other taxes on an investment transaction. It also includes the difference between the price paid for purchasing securities and the price that would be payable if selling securities (i.e. bid/ask spread).


2) Buy-sell spread recovery represents the amount charged to investors that relates to investor applications and withdrawals.


3) Based on the estimated costs incurred during the prior financial year ended 30 June, expressed as a percentage of the average Fund net asset value.



Buy / Sell Spreads *

Total spread
%
0.18 / 0.18

* The buy-sell spread is an additional cost to you. This ensures existing investors are not disadvantaged due to the costs associated with buying or selling the Fund’s investments as a result of applications and withdrawals.