Strategies /
Australian Value Trust
| Inception Date | APIR Code |
| June 10, 1999 | -- |
The objective of the Australian Value Trust is to provide long-term capital growth by gaining exposure to a diversified portfolio of value companies listed in Australia. The Trust is designed to be a component of an Australian equity portfolio.
The portfolios eligible universe includes the listed ordinary shares of Australian value companies, as defined by a high book-to-market ratio, with market capitalisations greater than A$50 million.
Investments in eligible companies are generally held in proportion to their market capitalisation. However, to manage turnover and taxation considerations the Trust may not exactly match specific company weights. A hold or buffer range for sales minimises transaction costs and keeps portfolio turnover low. Issues that migrate above the hold range are sold and proceeds reinvested in the buy range.
The portfolios eligible universe includes the listed ordinary shares of Australian value companies, as defined by a high book-to-market ratio, with market capitalisations greater than A$50 million.
Investments in eligible companies are generally held in proportion to their market capitalisation. However, to manage turnover and taxation considerations the Trust may not exactly match specific company weights. A hold or buffer range for sales minimises transaction costs and keeps portfolio turnover low. Issues that migrate above the hold range are sold and proceeds reinvested in the buy range.
Prices
| Updated Daily | ||||
|---|---|---|---|---|
| Date | Closing Price | NAV Change $ | NAV Change % | |
| May 21, 2012 | $16.21 | $0.01 | 0.06% | |
Performance
| Updated Daily | ||||
|---|---|---|---|---|
| Total Returns | Year-to-Date | |||
| May 21, 2012 | 1.42% | |||
| Updated Monthly | ||||
|---|---|---|---|---|
| Total Returns | One Month | Three Month | Year-to-Date | |
| April 30, 2012 | -0.17% | 5.36% | 10.82% | |
| Updated Monthly | ||||
|---|---|---|---|---|
| Average Annual Total Returns | One Year | Five Years | Ten Years | Since Inception |
| April 30, 2012 | -7.15% | -1.71% | 9.18% | 9.64% |
| Updated Quarterly | ||||
|---|---|---|---|---|
| Average Annual Total Returns | One Year | Five Years | Ten Years | Since Inception |
| As of March 31, 2012 | -7.97% | -0.91% | 8.94% | 9.72% |
Distributions
| Last 12 Months | |||||
|---|---|---|---|---|---|
| Type | Amount per Share | Record Date | Ex-dividend Date | Payable Date | Ex-dividend Price |
| Dividend | $0.4214 AUD | 12/31/2011 | 01/03/2012 | 01/03/2012 | $16.15 AUD |
| Dividend | $0.2938 AUD | 06/30/2011 | 07/01/2011 | 07/01/2011 | $18.48 AUD |
Sector Allocations
| As of April 30, 2012 | % of portfolio |
|---|---|
| Financials | 36.2 |
| Energy | 14.9 |
| Consumer Staples | 12.5 |
| Materials | 12.1 |
| Industrials | 11.6 |
| Consumer Discretionary | 8.6 |
| REITs | 2.6 |
| Health Care | 0.9 |
| Utilities | 0.2 |
| Information Technology | 0.2 |
| Telecommunication Services | 0.1 |
| Other | 0.0 |
| Total | 100.0 |
| Sectors defined by MSCI | |
Trust Net Asset Value Prices are cum-distribution.
Performance data reported by DFA Australia Limited represents past performance and is not indicative of future performance. The investment return and principal value will fluctuate so that an investor's units, when redeemed, may be worth more or less than their original cost. Further, there can be no assurance that any of the Trusts will achieve its investment objective.
Performance data reported by DFA Australia Limited represents past performance and is not indicative of future performance. The investment return and principal value will fluctuate so that an investor's units, when redeemed, may be worth more or less than their original cost. Further, there can be no assurance that any of the Trusts will achieve its investment objective.