Maple-Brown Abbott Diversified Investment Trust

The Fund is an actively managed fund that invests in a diversified portfolio of growth and defensive assets. The Fund offers investors diversification across a range of asset classes with the potential to provide long-term capital growth and income. The Fund invests in growth assets including Australian equities, International equities and REITs. Defensive assets compromise Australian fixed interest, alternative assets and cash. The strategic asset allocation and ongoing tactical asset allocation is reviewed and monitored by the Asset Allocation Committee. The Asset Allocation Committee is made up of senior investment team members with input from external macro-economic specialists. The Fund draws on the expertise of our investment team in asset classes in which we have a long track record.

Investment objective

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

Fund facts
Inception date31/05/1988Distribution frequencyQuarterly
BenchmarkMorningstar Australia Fund Multisector Growth Category average Minimum initial application$ 20,000
APIR codeMPL0001AUManagement costs %0.96
Pricing frequency & cut-offDaily / 2pm Sydney time on a Business DayBuy/Sell spread %0.16 / 0.16

Fund benefits

Investment expertise

The Fund draws on the expertise of the Asset Allocation Committee and the investment teams in asset classes in which we have a long track record.

Portfolio diversification

The Fund invests in a diversified portfolio of growth and defensive assets.

Investment growth and distributions

The Fund aims to deliver long term capital growth, along with the potential to receive quarterly distributions.

Portfolio managers

A team of experienced and dedicated investment professionals.

Garth Rossler
Chief Investment Officer
Dougal Maple-Brown
Head of Australian Equities

Fund performance^

as at 31/12/2020

1 mth %3 mths %1 yr % p.a.3 yrs % p.a.4 yrs % p.a.5 yrs % p.a.Since inception % p.a.*
Fund0.810.20.83.54.65.68.8
Benchmark0.97.82.65.36.36.3n/a
From
To

^Past performance is not a reliable indicator of future performance. No warranty can be given for future performance. Returns are
volatile and may fluctuate quickly and significantly. Past performance 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 Benchmark start date is 1 January 1989. The Benchmark 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. Source: Maple-Brown Abbott and Morningstar **
* Inception date is 31 May 1988.
** © 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").

Unit price

as at 21/01/2021

Download unit price history
Redemption priceNet asset valueApplication price
$ 2.1525$ 2.1559$ 2.1593
DateCents per unitReinvestment priceDiv 12-H summaryTaxable component summary
31/12/20201.0000 ¢2.1052 ¢

Forms & fund information

Fund ratings

Rating/recommendation

The Lonsec rating issued 02/2020 is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2020 Lonsec. All rights reserved.

Fees & costs

Management costs % p.a.Net transactional and operational costs % p.a*Buy/Sell spread %
0.950.070.16 / 0.16

* Transactional and operational costs vary year to year and represent the estimated costs from the fund’s investing activities. These are reflected in the unit price an 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). These costs are net of the buy-sell spread recovery which is the amount charged to investors for applications and withdrawals. The transactional and operational costs are generally calculated each year 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, however the transactional and operational costs will also be recalculated when there is a significant change in net transactional and operational costs.

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