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  5. Falkiner Australian Absolute Returns - Managed fund profile

Falkiner Australian Absolute Returns - Managed Fund (Closed)

Fund Objective
To generate strong absolute returns from a selection of companies chosen from those listed on Australian markets. To procure a reasonably steady upward trend in the Unit price. Preservation of capital is an important objective of this Fund.
Fund Strategy
Aims to maximise absolute returns, not relative returns. Stock selection is made on an individual basis without major regard to sector or style descriptions such as value and growth. The investment process is primarily based on bottom up stock selection overlaid with top down macro themes. Typically 15 to 30 positions, including long and short. Derivatives will be used to manage portfolio equity and interest rate 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 -1.32% 3.86% -1.15% -39.07% -34.35% -11.64% -% -%
Growth return -1.32% 3.86% -1.15% -39.07% -37.52% -18.28% -% -%
Income return 0% 0% 0% 0% 3.17% 6.64% -% -%
Market index (S&P/ASX 200 TR AUD)
Total return 3.1% 7.03% 11.65% 14.74% 14.82% 13.04% 12.32% 9.87%
As at 30 Sep 2009. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Falkiner Australian Absolute Returns
Australian Equities
51%
Cash
49%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
93.72%
Cash
-0.78%
International Equities
4.82%
Property & Infrastructure
1.41%
Fixed Interest
0.26%
Alternatives
0.58%

General Information

Fund Details
Type Description
Falkiner Australian Absolute Returns
Closed
Falkiner Global Investors Limited
FGI0002AU
Equity Australia Large Growth
star (as at 30 Jun 2009)
Investment Fund
30 Nov 2004
$0.64 million (as at 30 Sep 2009)
$0.5986 (as at 30 Sep 2009)
$0.5956 (as at 30 Sep 2009)
Finalised
Offer information
Type Description
MER 1.70% (as at 1 May 2007)
Indirect Cost Ratio (ICR) - Estimated 2.04% (as at 30 Jun 2008) (Estimated)
Minimum initial investment $25,000

Top 10 holdings (as at 30 Apr 2008)

Holding (as at 30 Apr 2008) Type % of Portfolio
Fortescue Metals Grp Ltd Stock 23.10%
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FAQs about the Falkiner Australian Absolute Returns

The objective of the Falkiner Australian Absolute Returns managed fund is To generate strong absolute returns from a selection of companies chosen from those listed on Australian markets. To procure a reasonably steady upward trend in the Unit price. Preservation of capital is an important objective of this Fund.

The strategy of the Falkiner Australian Absolute Returns managed fund is Aims to maximise absolute returns, not relative returns. Stock selection is made on an individual basis without major regard to sector or style descriptions such as value and growth. The investment process is primarily based on bottom up stock selection overlaid with top down macro themes. Typically 15 to 30 positions, including long and short. Derivatives will be used to manage portfolio equity and interest rate risk.

The APIR code of the Falkiner Australian Absolute Returns managed fund is FGI0002AU.

Falkiner Australian Absolute Returns’s total return last month was -1.32%. This was made up of a growth return of -1.32% and an income return of 0%. These returns were calculated as at 30 Sep 2009.

Falkiner Australian Absolute Returns’s total return for the last three months was 3.86%. This was made up of a growth return of 3.86% and an income return of 0%%. These returns were calculated as at 30 Sep 2009.

Falkiner Australian Absolute Returns’s one-year total return is -39.07%. This was made up of a growth return of -39.07% and an income return of 0%. These returns were calculated as at 30 Sep 2009.

Falkiner Australian Absolute Returns’s one-year total return is -11.64%. This was made up of a growth return of -18.28% and an income return of 6.64%. These returns were calculated as at 30 Sep 2009.

The asset allocation of the Falkiner Australian Absolute Returns managed fund is :

Australian Equities
51%
Cash
49%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Falkiner Australian Absolute Returns managed fund is Falkiner Global Investors Limited.

The Falkiner Australian Absolute Returns managed fund belongs to the Equity Australia Large Growth sector/asset class.

As at 30 Sep 2009, the size of the Falkiner Australian Absolute Returns managed fund was $0.64 million.

The Falkiner Australian Absolute Returns managed fund has an inception date of 30 Nov 2004.

The current entry price of the Falkiner Australian Absolute Returns managed fund is $0.5986 per unit and the current exit price is $0.5956 per unit (as at 30 Sep 2009).

The current exit price of the Falkiner Australian Absolute Returns managed fund is $0.5956 per unit and the current entry price is $0.5986 per unit (as at 30 Sep 2009).

The minimum initial investment amount for the Falkiner Australian Absolute Returns managed fund is $25,000.

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.