Ms Huynh Ngo Thanh Ngoc

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BT Ethical Share Fund

Fund Overview

Fact Sheet

Product Name
APIR
Inception Date
Fund Status
Distribution Frequency
Fund Size

BT Classic Investment Funds
RFA0027AU
August 2001
Closed
Half Yearly
$8.90 million

ICR (Management Fee)

2.52%

Asset Class
Recommended Investment Timeframe
Risk Category

Australian shares
5 years+
Dynamic

September 2012

As at 30/06/2012

Latest unit prices (entry/exit) information is available at www.bt.com.au

Fund Management

The Fund is managed by BT Investment Management Limited (BTIM).

Investment Objective

The Fund aims to provide a return (before fees) that exceeds the S&P/ASX 300 Accumulation Index over the medium to long term.

Investment Strategy

The Fund is actively managed and invests primarily in Australian companies that BTIM believe to be trading at a significant discount to their assessed valuation. The Fund will not invest in companies which, directly mine uranium for the purpose of weapons manufacture, produce alcohol or tobacco, manufacture or provide gaming facilities, manufacture weapons and armaments, or have been subject to environmental and/or human rights prosecutions. We may invest in companies which mine or use uranium primarily in relation to power generation.

Investment Performance
Growth of $10,000 invested
Since inception (net of ongoing fees)

30,000

Value ($)

20,000

10,000

0
200
1

200
2

200
3

200
4

200
5

200
6

200
7

200
8

200
9

201
0

201
1

201
2

Month Ended

BT Ethical Share Fund

Performance (%)
(as at 30/09/2012)
Income Return

3
months

1 year
(pa)

Benchmark

3 years
(pa)

5 years
Since
(pa)
Incep.(pa)

0.00

2.39

1.48

3.03

4.43

Growth Return

7.61

7.41

-3.31

-9.01

1.11

Total Return

7.61

9.80

-1.83

-5.97

5.54

Benchmark Return

8.75

14.46

1.69

-3.61

6.56



Performance returns are calculated net of ICR (Management Fees) and pre tax. Past performance is not a reliable indicator of future performance, the value of your investment can go down as well as up. Performance figures are calculated in accordance with the Financial Services Council (FSC) standards. Total returns are calculated to the last day of each month (unless otherwise indicated) using exit prices and assuming reinvestment of distributions (which may include net realised capital gains from the sale of fund assets). No allowance is made for tax paid as an investor, other than withholding tax on foreign investments (if any).

Top Holdings

Holdings (as at 30/09/2012)
National Australia Bank
Limited
BHP Billiton Limited
Westpac Banking
Corporation
Commonwealth Bank of
Australia Limited
Telstra Corporation Limited

9.2%

Rio Tinto Limited

4.9%

7.9%

Suncorp Group Limited

4.5%

7.2%

ANZ Banking Group Limited

4.4%

6.2%

Santos Limited

3.7%

5.0%

Origin Energy Limited

3.5%

Strategic Asset Allocation
Australian shares
Cash

Asset Allocation

Ranges
80-100
0-20

By Sector Allocation (as at 30/09/2012)
11.4%

Energy

20.1%

Materials
11.7%

Industrials
2.0%

Consumer Discretionary

6.0%

Health Care

5.0%

Telecommunication Services

34.3%

Financials ex Property Trusts
5.7%

Property Trusts

3.8%

Cash & other
0%

5%

10%

15%

20%

25%

30%

35%

40%

The market exposure (asset allocation) and holdings of the fund may change significantly each day.

Progress of the Portfolio
Investment

Fund performance
The portfolio underperformed the index over the September quarter. Our overweight position in Rio detracted from performance during the quarter. Our overweight position in energy producer, Origin Energy, also detracted from relative returns. Concerns over high capital expenditure in the company’s LNG project (APLNG) have held the share price back over recent months. On the...
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