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BT Diversified Funds

The benchmark returns for the BT Asset Selection Fund, BT Balanced Returns Fund, BT Monthly Income Fund, BT Split Growth Fund, BT Split Income Fund, BT Future Goals Fund, BT Income Plus Fund, BT Active Balanced Fund, BT Active Balanced Fund - NEF, BT Diversified Share Fund and the BT Diversified Share Fund - NEF are calculated using a weighted average of the returns from all the relevant market indices.

These indices are:

  Index
Australian shares S&P/ASX 300 Accumulation Index
International shares MSCI World ex Australia (Standard) Index (Net Dividends) in AUD
Australian fixed interest UBS Australia Composite Bond Index (All maturities)
International fixed interest Lehman Brothers Global Aggregate Index hedged to AUD
Property S&P/ASX 200 Property Accumulation Index
International property UBS Global Real Estate Investors (ex Australia) Index net of withholding tax (hedged to $A)
Cash UBS Australia Bank Bill Index
Alternative investments UBS Australia Bank Bill Index

BT Multi-manager Funds

The benchmark for each fund is created from a blend of the following indices based on the Fund's exposure to different asset classes. The benchmark is calculated by using the weighted average asset allocation neutral position and the index returns in AUD for each asset class.

Asset Class Indices
Australian Shares S&P/ASX 300 Accumulation Index
International Shares 1 MSCI World ex Australia Index (with Net Dividends Reinvested)
Australian Property

S&P/ASX 300 Property Accumulation Index
Global Property UBS Global Property Investors ex Australia Index hedged
Australian Fixed Interest UBS Composite Bond Index
International Fixed Interest Lehmann Aggregate Bond Index hedged
Diversified Hedge Funds UBS Bank Bill Index
Cash UBS Bank Bill Index

1 The benchmark changed from unhedged to partially hedged from July 2005.

Time Fund and BT TIME Fund

The Time Fund and BT TIME Fund's custom index is created by grouping the following selected MSCI classifications relevant to its objective.

MSCI-BT TIME Index in $A (industry groups):

  • telecommunication services
  • technology hardware and equipment
  • software and services
  • media