Diversified Capital Stable Fund

The Diversified Capital Stable Fund ('the Fund') is closed to new investors.

Overview

The Fund provides exposure to fixed interest and money market securities loans and cash, with less exposure to other historically more volatile asset classes, such as shares and listed property securities.

This Fund aims to

Outperform inflation by a margin of at least 1 percent per annum, after costs and over rolling 3 year periods.

Product information update

Changes to the buy/sell margin
Effective 1 April 2007, the Fund’s buy margin will be decreased from 0.075% to 0.05%. The buy margin will be applied to all new investments into the Fund. In addition, the Fund’s sell margin will be decreased from 0.075% to 0.05%. The sell margin will be applied to all redemptions from the Fund.

What is a buy/sell margin?
When funds are invested, units are bought and when funds are withdrawn, units are sold. The difference between the ‘buy price’ and the ‘sell price’ of units is known as the buy/sell margin.

Buy/Sell margins are based on an estimate of the costs of buying or selling underlying assets. For example, there are brokerage costs when buying or selling shares and buying or selling property involves legal fees, agent fees and stamp duty.

Buy/Sell margins are intended to ensure that these costs are met by those investors who are buying and selling units, rather than by all investors. These margins may change over time and are not retained by AXA, or external managers.

Unit Price

26/08/08

Entry Price

0.9154

Exit Price

0.9145

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This product summary is only provided for information purposes. It does not contain investment recommendation nor provides investment advice. Professional investment advice can help you determine your tolerance to risk as well as your need to attain a particular return on your investment. We strongly encourage you to obtain detailed professional advice and to read the relevant offer document in full before making an investment decision. Units in the fund will only be issued upon receipt of an application form accompanying a current disclosure document. The information is provided for persons in Australia only and is not provided for the use of any person who is in any other country.