General Information

Acadian Wholesale Aus Equity Long Short
Colonial First State Investments Limited
FSF0789AU
Equity Australia Large Blend
starstarstarstar (as at 30 Sep 2014)
Neutral
Not Rated
Managed Funds
27 Feb 2006
$16.03 million (as at 31 Jan 2017)
$1.1577 (as at 23 Feb 2017)
$1.1508 (as at 23 Feb 2017)

Fund performance (31 Jan 2017)

NOTE : returns for periods greater than 1 year are annualised
  1 Month % 3 Month % 6 Month % 1 Year % p.a. 2 Year % p.a. 3 Year % p.a. 5 Year % p.a. 10 Year % p.a.
Total return -0.24 5.12 4.94 14.02 5.75 8.35 11.08 3.71
Growth return -0.24 3.22 3.05 9.21 1.13 3.44 5.35 -0.87
Income return 0 1.9 1.89 4.81 4.62 4.91 5.73 4.58

Morningstar index (Mstar PG ITr Equity Aus Large Bld Idx)

Total return -0.88 5.79 2.54 14 3.99 6.23 9.56 3.52

Market index (S&P/ASX 200 TR AUD)

Total return -0.79 6.65 3.23 17.34 4.95 7.4 10.57 4.26

Asset Allocation (31 Jan 2017)

Australian Equities 99.53%
International Equities 0%
Cash 0.47%
Property 0%
Fixed Interest 0%
Alternatives 0%
Asset Allocation

Objectives and Strategy

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.
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.

Offer information

Indirect Cost Ratio (ICR) 1.11% (as at 7 Feb 2017) (Estimated)
Performance fee 0
Minimum initial investment $25,000
Minimum additional investments
Minimum redemption amount

Top 10 holdings (as at 31 Oct 2016)

Holding Type % of Portfolio
Commonwealth Bank of Australia Equity 8.64%
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Morningstar The data is provided by Morningstar. For further information on managed funds, including Research Reports, please visit www.morningstar.com.au

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* Dates for historical returns vary from fund to fund