Fund Description: The Fund is an actively managed portfolio of Australian equities listed, or expected to be listed on the Australian share market investing in both long and short positions.
Investment approach: The Fund uses active trading, along with the ability to use exchange traded derivatives with the aim of enhancing returns for investors.The Fund is restricted to holding no more than 25% of the Fund’s NAV in short positions. The purchase of additional securities using proceeds from short selling is limited to a further 25% of the Fund’s NAV. This means the total (gross) equity market exposure to the Australian equity market is limited to 150% of the Fund’s NAV.
To outperform the S&P/ASX 200 Accumulation Index (after fees) over rolling five-year periods.
7 December 1999
S&P/ASX 200 Accumulation Index
Minimum suggested timeframe
5 years plus
1.05% pa of the net asset value of the Fund (including GST net of Reduced Tax Credit)
20% of the Fund's return (after deducting the Management fee) in excess of the Benchmark plus 5%
Minimum initial investment
Minimum additional investment
High: While the Fund offers investors the potential for higher returns over the long term compared to funds investing in other types of assets such as fixed income or cash, the high levels of volatility in the Fund means the likelihood of the value of your investment going down over the short term is relatively higher.
Indicative asset allocation ranges
Australian equities (Long): 90% -125%
Australian equities (Short): 0%-25%
Cash and cash equivalents: 0%-10%
The above is just a snapshot of the Fund's terms and features. Further terms and conditions are set out in the Fund's PDS.
How to invest:
Speak to your financial adviser for more information or invest directly through the Product Disclosure Statement (PDS) available under Resources.
Speak to your Business Development Manager for more information on available platforms.