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27 Oct 2010 - Performance Report: Aurora Sandringham Dividend Income Trust

By: Australian Fund Monitors
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Report Date25 October 2010
ManagerAurora Funds Management
Fund NameAurora Sandringham Dividend Income Trust
StrategyEquity Income
Latest Return DateSeptember 2010
Latest Return1.67%
Latest 6 Months-0.72%
Latest 12 Months-1.00%
Latest 24 Months-2.68%
Annualised Since Inception6.88%
Inception Date17 November 2005
FUM (millions)AU$38
Fund OverviewThe Trust seeks to provide investors with dividend income plus franking credits through an exposure to predominantly the largest 30 companies trading on the ASX. A risk management program will seek to broadly protect the investment from adverse movements in the equity market. Aurora has appointed Sandringham Capital Pty Ltd to manage this investment strategy.
Manager CommentsAurora increased the funds' exposure to banks ahead of earnings updates due in October to take the total invested in ANZ, NAB and WBC plus BHP at least 10% each. As at the end of the month this represented the fund's total holdings at 42.7% of NAV.
More Information» View detailed profile of this fund

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