BT Ethical Share Fund
BT Classic Investment Funds
ICR (Management Fee)
Recommended Investment Timeframe
As at 30/06/2012
Latest unit prices (entry/exit) information is available at www.bt.com.au
The Fund is managed by BT Investment Management Limited (BTIM).
The Fund aims to provide a return (before fees) that exceeds the S&P/ASX 300 Accumulation Index over the medium to long term.
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.
Growth of $10,000 invested
Since inception (net of ongoing fees)
BT Ethical Share Fund
(as at 30/09/2012)
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).
Holdings (as at 30/09/2012)
National Australia Bank
BHP Billiton Limited
Commonwealth Bank of
Telstra Corporation Limited
Rio Tinto Limited
Suncorp Group Limited
ANZ Banking Group Limited
Origin Energy Limited
Strategic Asset Allocation
By Sector Allocation (as at 30/09/2012)
Financials ex Property Trusts
Cash & other
The market exposure (asset allocation) and holdings of the fund may change significantly each day.
Progress of the Portfolio
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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