General Information

Acadian Wholesale Global Eqty Long Short
Colonial First State Investments Limited
FSF0788AU
Equity World Large Value
starstarstarstar (as at 31 Jul 2013)
Neutral
Not Rated
Managed Funds
20 Jan 2006
$21.74 million (as at 31 Jan 2017)
$1.3917 (as at 16 Feb 2017)
$1.3833 (as at 16 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 -1.78 10.12 7.78 8.79 12.13 17.17 21.45 3.79
Growth return -1.78 9.81 7.47 7.21 11 15.78 19.96 2.53
Income return 0 0.31 0.31 1.58 1.13 1.39 1.49 1.26

Morningstar index (Mstar PG ITr Equity World Large Val Idx)

Total return -1.95 6.24 5.85 8.98 5.62 8.98 14.83 1.99

Market index (MSCI World Ex Australia NR AUD)

Total return -2.36 6.6 5.08 8.88 6.85 11.1 17.74 4.16

Asset Allocation (31 Jan 2017)

Australian Equities 3.61%
International Equities 95.18%
Cash 1.21%
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 from around the world, while carefully controlling portfolio risk and transaction costs. The option aims to outperform the MSCI World Index over rolling four-year periods before fees and taxes.
Acadian's investment approach employs structured stock and peer group valuation models, which are designed to capture a broad range of relevant characteristics such as value, earnings growth and price-related factors. Undervalued stocks 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 may partially hedge currency risk up to 50% of the option's value.

Offer information

Indirect Cost Ratio (ICR) 1.30% (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
Apple Inc Equity 3.82%
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* Dates for historical returns vary from fund to fund