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INVESTSMART GROUP LIMITED — Net Asset Value 2010
Aug 12, 2010
65130_rns_2010-08-12_bef0f48a-5b91-4534-8211-9b4279e1c746.pdf
Net Asset Value
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FAT Prophets Australia Fund Limited NTA Release as at 31st July 2010
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Overview
On 1 August 2010, Merricks Capital Pty Limited ( Merricks ) became the Manager of Fat Prophets Australia Fund Limited ( Company ). As announced by the Directors of the Company on 29 July 2010, the Company will for the short term continue to be managed with an Australian equities mandate. The Directors together with Merricks are examining alternatives that are permitted within the Company’s Constitution, which should result in a more permanent closure of the previously prevailing gap between the traded price of the Company’s securities and the net asset value per share. It is anticipated that this review will be completed by the end of September 2010 and communicated to the Company’s Shareholders.
Net Tangible Asset Backing
| Performance | Net Asset Backing | Monthly Return |
|---|---|---|
| Pre Tax NTA | 1.1335 Per Share | 4.13% |
| Post Tax NTA | 1.0915 Per Share | 3.06% |
| ASX 300 Accumulation Index | 4.48% |
Invested Portfolio
Asset Allocation
| Company | Code | Weight | Sector | Sector | Weight | ||
|---|---|---|---|---|---|---|---|
| BHP BILLITON LIMITED | BHP | 14.26% | Financials | 41.93% | |||
| ANZ BANKING GROUP LIMITED | ANZ | 7.89% | Materials | 30.29% | |||
| COMMONWEALTH BANK OF AUSTRALIA | CBA | 7.88% | Consumer Staples | 7.04% | |||
| WESTPAC BANKING CORPORATION | WBC | 7.75% | Health Care | 5.52% | |||
| NATIONAL AUSTRALIA BANK LIMITED | NAB | 6.36% | Telecommunication Services | 5.04% | |||
| RIO TINTO LIMITED | RIO | 3.80% | Energy | 4.09% | |||
| WESFARMERS LIMITED | WES | 3.74% | Consumer Discretionary | 2.72% | |||
| LIHIR GOLD LIMITED | LGL | 3.37% | Industrials | 2.40% | |||
| TELSTRA LIMITED | TLS | 3.33% | Information Technology | 0.98% | |||
| QBE INSURANCE GROUP LIMITED | QBE | 3.31% | Top 10 Best Performing Stocks | ||||
| WOOLWORTHS LIMITED | WOW | 3.29% | |||||
| NEWCREST MINING LIMITED | NCM | 2.83% | |||||
| CSL LIMITED | CSL | 2.77% | Company | Return | |||
| MAGELLAN FINANCIAL GROUP | MFG | 2.21% | GALILEO JAPAN TRUST | 17.2% | |||
| WOODSIDE PETROLEUM LIMITED | WPL | 2.11% | |||||
| SEDGMAN LIMITED | 16.1% | ||||||
| SANTOS LTD | STO | 1.98% | HEALTHSCOPE LIMITED | 15.6% | |||
| KINGSGATE CONSOLIDATED LIMITED | KCN | 1.85% | M2 TELECOMMUNICATIONS GROUP | 15.4% | |||
| WESTFIELD GROUP | WDC | 1.66% | MACQUARIE CORP TELECOM | 13.6% | |||
| HEALTHSCOPE LIMITED | HSP | 1.59% | BT INVESTMENT MANAGEMENT LTD | 13.2% | |||
| PREMIER INVESTMENTS LIMITED | PMV | 1.54% | WESTPAC BANKING CORPORATION | 13.0% | |||
| MIRVAC GROUP | MGR | 1.44% | PLATINUM AUSTRALIA LTD | 10.4% | |||
| DEXUS PROPERTY GROUP | DXS | 1.38% | WESFARMERS LIMITED | 8.5% | |||
| SEDGMAN LIMITED | SDM | 1.38% | COMMONWEALTH BANK OF AUST | 8.1% | |||
| BT INVESTMENT MANAGEMENT LTD | BTT | 1.23% | Top 10 Worst Performing Stocks | ||||
| AUSTAR UNITED COMMUNICATIONS LTD | AUN | 1.18% | |||||
| M2 TELECOMMUNICATIONS GROUP LTD | MTU | 1.17% | |||||
| SONIC HEALTHCARE LIMITED | SHL | 1.17% | Company | Return | |||
| MACARTHUR COAL LIMITED | MCC | 1.10% | |||||
| TRANSURBAN GROUP | TCL | 1.02% | COEUR D'ALENE MINES CORP | ‐11.0% | |||
| CATALPA RESOURCES LIMITED | CAH | 1.02% | QBE INSURANCE GROUP LIMITED | ‐8.2% | |||
| CARSALES.COM LIMITED | CRZ | 0.98% | NEWCREST MINING LIMITED | ‐6.8% | |||
| ATLAS IRON LIMITED | AGO | 0.77% | CATALPA RESOURCES LIMITED | ‐6.5% | |||
| CHARTER HALL OFFICE REIT | CQO | 0.75% | LIHIR GOLD LIMITED | ‐5.6% | |||
| MACQUARIE CORPORATE TELECOMMUNICATI | MAQ | 0.53% | ATLAS IRON LIMITED | ‐4.7% | |||
| COEUR D'ALENE MINES CORPORATION | CXC | 0.50% | WOOLWORTHS LIMITED | ‐4.6% | |||
| PLATINUM AUSTRALIA LTD | PLA | 0.40% | SOUTH BOULDER MINES LTD | ‐4.4% | |||
| SOUTH BOULDER MINES LTD | STB | 0.38% | CHARTER HALL OFFICE REIT | ‐2.0% | |||
| GALILEO JAPAN TRUST | GJT | 0.07% | SONIC HEALTHCARE LIMITED | ‐1.2% | |||
| Fund Service Providers Administrator White Outsourcing Pty Ltd Auditor Mark Schiliro & Associates |
Fund Information Inception Date April 2005 ASX Stock Code FAT FUM $32.3M AUD |
Contact | |||||
| Adam Lindell +61 3 8319 8111 [email protected] www.merrickscapital.com |
Disclaimer
This report has been prepared solely for the benefit of the Shareholders of Fat Prophets Australia Fund Limited ( Company) . It summarises information on the financial products held by the Company as at the stated date. The financial products may and will change after the issue of this report. No assurance can be given by the Company or by Merricks Capital Pty Limited ( Merricks ) as to the accuracy and completeness of the information used to compile this report. Past performance is not necessarily indicative of future performance. By making this report available, the Company and Merricks are not providing any general advice or personal advice within the meaning of section 766B of the Corporations Act regarding the Company, any potential investment in the Company or any investments or potential investments of the Company. This report is made without considera‐ tion of any specific person's investment objectives, financial situation or needs. The Company, Merricks and directors and employees of the Company and Merricks do not accept any liability for the results of any action taken or not taken on the basis of the information contained in this report, any negligent miss‐statements, errors or omissions.