InvestSMART

Acadian Australian Equity Long Short - Class A - Managed Fund

Fund Objective
To maximise risk-adjusted, long-term returns by investing in undervalued stocks and short selling overvalued stocks listed on the Australian Securities Exchange while carefully controlling portfolio risk and transaction costs. The option aims to outperform the S&P/ASX 300 Accumulation Index over rolling four year periods before fees and taxes.
Fund Strategy
Acadian's investment approach employs structured stock and industry valuation models, which are designed to capture a broad range of relevant characteristics such as value, earnings growth and price-related factors. Stocks that Acadian believes are undervalued will be purchased and overvalued stocks will be selectively short sold. The option will generally maintain a gross long exposure of 130% and a gross short exposure of 30% (130/30), with an upper limit of 150/50. The option does not hedge currency risk.

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 1.97% 3.72% 14.48% 18.72% 11.11% 9.96% 9.97% -%
Growth return 1.97% 3.72% 11.18% 10.58% 2.7% 3.18% 4.36% -%
Income return 0% 0% 3.3% 8.14% 8.41% 6.78% 5.61% -%
Market index (S&P/ASX 200 TR AUD )
Total return 0.92% 1.16% 10.66% 12.93% 7.8% 6.8% 7.83% 7.78%
As at 31 May 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Acadian Australian Equity Long Short - Class A
Australian Equities
100%
International Equities
0%
Cash
0%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
91.95%
International Equities
4.34%
Cash
0.22%
Property
3.05%
Fixed Interest
0.41%
Alternatives
0.02%

General Information

Fund Details
Type Description
Acadian Australian Equity Long Short - Class A
FSF3982AU
Equity Australia Large Blend
starstarstarstarstar (as at 31 May 2024)
Investment Fund
14 May 2018
$1.62 million (as at 30 Apr 2024)
$1.2825 (as at 6 Jun 2024)
$1.2786 (as at 6 Jun 2024)
Open
Offer information
Type Description
MER 0.76% (as at 18 Nov 2023)
Indirect Cost Ratio (ICR) - Estimated 0.75% (as at 30 Jun 2023) (Estimated)
Performance fee (included in ICR) 0
Minimum initial investment $20,000
Minimum additional investments

Top 10 holdings (as at 30 Apr 2020)

Holding (as at 30 Apr 2020) Type % of Portfolio
CSL Ltd Equity 9.05%
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FAQs about the Acadian Australian Equity Long Short - Class A

The objective of the Acadian Australian Equity Long Short - Class A managed fund is To maximise risk-adjusted, long-term returns by investing in undervalued stocks and short selling overvalued stocks listed on the Australian Securities Exchange while carefully controlling portfolio risk and transaction costs. The option aims to outperform the S&P/ASX 300 Accumulation Index over rolling four year periods before fees and taxes.

The strategy of the Acadian Australian Equity Long Short - Class A managed fund is Acadian's investment approach employs structured stock and industry valuation models, which are designed to capture a broad range of relevant characteristics such as value, earnings growth and price-related factors. Stocks that Acadian believes are undervalued will be purchased and overvalued stocks will be selectively short sold. The option will generally maintain a gross long exposure of 130% and a gross short exposure of 30% (130/30), with an upper limit of 150/50. The option does not hedge currency risk.

The APIR code of the Acadian Australian Equity Long Short - Class A managed fund is FSF3982AU.

Acadian Australian Equity Long Short - Class A’s total return last month was 1.97%. This was made up of a growth return of 1.97% and an income return of 0%. These returns were calculated as at 31 May 2024.

Acadian Australian Equity Long Short - Class A’s total return for the last three months was 3.72%. This was made up of a growth return of 3.72% and an income return of 0%%. These returns were calculated as at 31 May 2024.

Acadian Australian Equity Long Short - Class A’s one-year total return is 18.72%. This was made up of a growth return of 10.58% and an income return of 8.14%. These returns were calculated as at 31 May 2024.

Acadian Australian Equity Long Short - Class A’s one-year total return is 9.96%. This was made up of a growth return of 3.18% and an income return of 6.78%. These returns were calculated as at 31 May 2024.

The asset allocation of the Acadian Australian Equity Long Short - Class A managed fund is :

Australian Equities
100%
International Equities
0%
Cash
0%
Property
0%
Fixed Interest
0%
Alternatives
0%

The Acadian Australian Equity Long Short - Class A managed fund belongs to the Equity Australia Large Blend sector/asset class.

As at 30 Apr 2024, the size of the Acadian Australian Equity Long Short - Class A managed fund was $1.62 million.

The Acadian Australian Equity Long Short - Class A managed fund has an inception date of 14 May 2018.

The current entry price of the Acadian Australian Equity Long Short - Class A managed fund is $1.2825 per unit and the current exit price is $1.2786 per unit (as at 6 Jun 2024).

The current exit price of the Acadian Australian Equity Long Short - Class A managed fund is $1.2786 per unit and the current entry price is $1.2825 per unit (as at 6 Jun 2024).

The minimum initial investment amount for the Acadian Australian Equity Long Short - Class A managed fund is $20,000. Minimum additional investment is $0.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.