InvestSMART

Blackwattle Small Capital Long/Short Qual Fund - Managed Fund

Fund Objective
The Fund is an actively managed long/short equity strategy, focused on companies listed on the Australian Securities Exchange (ASX).
Fund Strategy
The Fund is an actively managed long/short equity strategy, focused on companies listed on the Australian Securities Exchange (ASX).
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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 -9.02% -6.85% 8.11% -9.66% 2.01% 8% 4.24% -%
Growth return -8.9% -6.49% 8.95% -10.28% 1.66% 7.75% 2.53% -%
Income return -0.12% -0.36% -0.84% 0.62% 0.35% 0.25% 1.71% -%
Market index (S&P/ASX 200 TR AUD)
Total return -2.42% 1.33% 5.43% 2.68% 6.55% 11.4% 7.68% 9.04%
As at 30 Sep 2026. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Blackwattle Small Capital Long/Short Qual Fund
Australian Equities
103.87%
Cash
-3.87%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
95.95%
Cash
-0.45%
International Equities
3.71%
Property & Infrastructure
1.18%
Fixed Interest
-0.37%
Alternatives
-0.02%

General Information

Fund Details
Type Description
Blackwattle Small Capital Long/Short Qual Fund
Watermark Funds Management Pty Ltd
ETL5025AU
Equity Australia Long Short
starstarstar (as at 30 Sep 2026)
Investment Fund
26 Mar 2021
$48.8 million (as at 31 Aug 2026)
$1.0133 (as at 28 Oct 2026)
$1.0073 (as at 28 Oct 2026)
Open
Offer information
Type Description
MER 1.33% (as at 22 Dec 2025)
Indirect Cost Ratio (ICR) 1.60% (as at 30 Jun 2026)
Minimum initial investment $10,000.00

Top 10 holdings (as at 31 Aug 2026)

Holding (as at 31 Aug 2026) Type % of Portfolio
HealthCo Healthcare and Wellness REIT Units 7.20%
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FAQs about the Blackwattle Small Capital Long/Short Qual Fund

The objective of the Blackwattle Small Capital Long/Short Qual Fund managed fund is The Fund is an actively managed long/short equity strategy, focused on companies listed on the Australian Securities Exchange (ASX).

The strategy of the Blackwattle Small Capital Long/Short Qual Fund managed fund is The Fund is an actively managed long/short equity strategy, focused on companies listed on the Australian Securities Exchange (ASX).

The APIR code of the Blackwattle Small Capital Long/Short Qual Fund managed fund is ETL5025AU.

Blackwattle Small Capital Long/Short Qual Fund’s total return last month was -9.02%. This was made up of a growth return of -8.9% and an income return of -0.12%. These returns were calculated as at 30 Sep 2026.

Blackwattle Small Capital Long/Short Qual Fund’s total return for the last three months was -6.85%. This was made up of a growth return of -6.49% and an income return of -0.36%%. These returns were calculated as at 30 Sep 2026.

Blackwattle Small Capital Long/Short Qual Fund’s one-year total return is -9.66%. This was made up of a growth return of -10.28% and an income return of 0.62%. These returns were calculated as at 30 Sep 2026.

Blackwattle Small Capital Long/Short Qual Fund’s one-year total return is 8%. This was made up of a growth return of 7.75% and an income return of 0.25%. These returns were calculated as at 30 Sep 2026.

The asset allocation of the Blackwattle Small Capital Long/Short Qual Fund managed fund is :

Australian Equities
103.87%
Cash
-3.87%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Blackwattle Small Capital Long/Short Qual Fund managed fund is Watermark Funds Management Pty Ltd.

The Blackwattle Small Capital Long/Short Qual Fund managed fund belongs to the Equity Australia Long Short sector/asset class.

As at 31 Aug 2026, the size of the Blackwattle Small Capital Long/Short Qual Fund managed fund was $48.8 million.

The Blackwattle Small Capital Long/Short Qual Fund managed fund has an inception date of 26 Mar 2021.

The current entry price of the Blackwattle Small Capital Long/Short Qual Fund managed fund is $1.0133 per unit and the current exit price is $1.0073 per unit (as at 28 Oct 2026).

The current exit price of the Blackwattle Small Capital Long/Short Qual Fund managed fund is $1.0073 per unit and the current entry price is $1.0133 per unit (as at 28 Oct 2026).

The minimum initial investment amount for the Blackwattle Small Capital Long/Short Qual Fund managed fund is $10,000.

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.