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  5. Acadian Australian Equity Top 200 Long Short - Managed fund profile

Acadian Australian Equity Top 200 Long Short - Managed Fund (Closed)

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. The Fund aims to outperform the S&P/ASX 200 Accumulation Index over rolling three-year periods after fees and taxes, while carefully controlling portfolio risk and transaction costs.'
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 0% 2.88% 18.44% 33.84% 15.78% 14.53% -% -%
Growth return 0% 0.71% 13.75% 20.81% 3.5% 4.7% -% -%
Income return 0% 2.17% 4.69% 13.03% 12.28% 9.83% -% -%
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.36% 1.07% 2.15% 4.21% 3.33% 2.23% 1.56% 1.82%
As at 31 May 2013. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Acadian Australian Equity Top 200 Long Short
Cash
100%
Australian Equities
0%
International Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Cash
46.34%
Australian Equities
5.94%
International Equities
9.98%
Property
2.05%
Fixed Interest
15.52%
Alternatives
20.16%

General Information

Fund Details
Type Description
Acadian Australian Equity Top 200 Long Short (Wholesale)
Closed
Colonial First State Investments Limited
FSF1076AU
Hedge Funds - Australia
starstarstarstar (as at 31 May 2013)
Investment Fund
1 Sep 2009
$5.97 million (as at 31 Mar 2013)
$1.0779 (as at 24 Jun 2013)
$1.0715 (as at 24 Jun 2013)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) - Estimated 0.83% (as at 11 Jun 2013) (Estimated)
Minimum initial investment $500,000
Minimum additional investments
Minimum redemption amount

FAQs about the Acadian Australian Equity Top 200 Long Short

The objective of the Acadian Australian Equity Top 200 Long Short 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. The Fund aims to outperform the S&P/ASX 200 Accumulation Index over rolling three-year periods after fees and taxes, while carefully controlling portfolio risk and transaction costs.'

The strategy of the Acadian Australian Equity Top 200 Long Short 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 Top 200 Long Short managed fund is FSF1076AU.

Acadian Australian Equity Top 200 Long Short’s total return last month was 0%. This was made up of a growth return of 0% and an income return of 0%. These returns were calculated as at 31 May 2013.

Acadian Australian Equity Top 200 Long Short’s total return for the last three months was 2.88%. This was made up of a growth return of 0.71% and an income return of 2.17%%. These returns were calculated as at 31 May 2013.

Acadian Australian Equity Top 200 Long Short’s one-year total return is 33.84%. This was made up of a growth return of 20.81% and an income return of 13.03%. These returns were calculated as at 31 May 2013.

Acadian Australian Equity Top 200 Long Short’s one-year total return is 14.53%. This was made up of a growth return of 4.7% and an income return of 9.83%. These returns were calculated as at 31 May 2013.

The asset allocation of the Acadian Australian Equity Top 200 Long Short managed fund is :

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

The Responsible Entity for the Acadian Australian Equity Top 200 Long Short managed fund is Colonial First State Investments Limited.

The Acadian Australian Equity Top 200 Long Short managed fund belongs to the Hedge Funds - Australia sector/asset class.

As at 31 Mar 2013, the size of the Acadian Australian Equity Top 200 Long Short managed fund was $5.97 million.

The Acadian Australian Equity Top 200 Long Short managed fund has an inception date of 1 Sep 2009.

The current entry price of the Acadian Australian Equity Top 200 Long Short managed fund is $1.0779 per unit and the current exit price is $1.0715 per unit (as at 24 Jun 2013).

The current exit price of the Acadian Australian Equity Top 200 Long Short managed fund is $1.0715 per unit and the current entry price is $1.0779 per unit (as at 24 Jun 2013).

The minimum initial investment amount for the Acadian Australian Equity Top 200 Long Short managed fund is $500,000. 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.