InvestSMART

Ardea Global Alpha - Managed Fund (Closed)

Fund Objective
The Fund aims to provide a minimum return of CPI plus 3.5% - 4.5% p.a. over short and long term investment timeframes.
Fund Strategy
The Fund is actively managed by Ardea who is a fundamentally driven, value investor with a focus on liquidity and diversification. The investment universe is composed mainly of Commonwealth government bonds, semi-government bonds, corporate securities, inflation derivatives, interest rate derivatives, bank bills and negotiable certificates of deposit. The Fund may have up to 25% exposure to global bonds. The Fund is also allowed to enter into repurchase agreements.

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 -0.06% 0.52% -1.03% -2.09% -0.44% 0.58% 2.15% -%
Growth return 0.93% -0.86% -4.03% -10.39% -6.93% -6% -2.9% -%
Income return -0.99% 1.38% 3% 8.3% 6.49% 6.58% 5.05% -%
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.34% 1.05% 1.98% 3.82% 4.05% 4.13% 3.1% 2.18%
As at 31 May 2023. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Ardea Global Alpha
Cash
0.47%
Fixed Interest
99.53%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Alternatives
0%
Average Allocation of Peers
Cash
55.65%
Fixed Interest
15.43%
Australian Equities
4.78%
International Equities
2.76%
Property & Infrastructure
1.92%
Alternatives
19.45%

General Information

Fund Details
Type Description
Ardea Global Alpha
Closed
Fidante Partners Limited
HOW0162AU
Alternative - Other
Not Rated
Investment Fund
18 Mar 2016
$226.16 million (as at 31 Dec 2022)
$0.0018 (as at 21 Jun 2023)
$0.0018 (as at 21 Jun 2023)
Finalised
Offer information
Type Description
MER 0.50% (as at 17 Oct 2022)
Indirect Cost Ratio (ICR) 0.50% (as at 30 Jun 2022)
Performance fee (not included in ICR) 0
Minimum initial investment $100,000
Minimum additional investments $1,000.00
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FAQs about the Ardea Global Alpha

The objective of the Ardea Global Alpha managed fund is The Fund aims to provide a minimum return of CPI plus 3.5% - 4.5% p.a. over short and long term investment timeframes.

The strategy of the Ardea Global Alpha managed fund is The Fund is actively managed by Ardea who is a fundamentally driven, value investor with a focus on liquidity and diversification. The investment universe is composed mainly of Commonwealth government bonds, semi-government bonds, corporate securities, inflation derivatives, interest rate derivatives, bank bills and negotiable certificates of deposit. The Fund may have up to 25% exposure to global bonds. The Fund is also allowed to enter into repurchase agreements.

The APIR code of the Ardea Global Alpha managed fund is HOW0162AU.

Ardea Global Alpha’s total return last month was -0.06%. This was made up of a growth return of 0.93% and an income return of -0.99%. These returns were calculated as at 31 May 2023.

Ardea Global Alpha’s total return for the last three months was 0.52%. This was made up of a growth return of -0.86% and an income return of 1.38%%. These returns were calculated as at 31 May 2023.

Ardea Global Alpha’s one-year total return is -2.09%. This was made up of a growth return of -10.39% and an income return of 8.3%. These returns were calculated as at 31 May 2023.

Ardea Global Alpha’s one-year total return is 0.58%. This was made up of a growth return of -6% and an income return of 6.58%. These returns were calculated as at 31 May 2023.

The asset allocation of the Ardea Global Alpha managed fund is :

Cash
0.47%
Fixed Interest
99.53%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Alternatives
0%

The Responsible Entity for the Ardea Global Alpha managed fund is Fidante Partners Limited.

The Ardea Global Alpha managed fund belongs to the Alternative - Other sector/asset class.

As at 31 Dec 2022, the size of the Ardea Global Alpha managed fund was $226.16 million.

The Ardea Global Alpha managed fund has an inception date of 18 Mar 2016.

The current entry price of the Ardea Global Alpha managed fund is $0.0018 per unit and the current exit price is $0.0018 per unit (as at 21 Jun 2023).

The current exit price of the Ardea Global Alpha managed fund is $0.0018 per unit and the current entry price is $0.0018 per unit (as at 21 Jun 2023).

The minimum initial investment amount for the Ardea Global Alpha managed fund is $100,000. Minimum additional investment is $1000.

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.