Falkiner Global Absolute Returns - Managed Fund (Closed)

Fund Objective

13%-22% pa over 5-7 yr cycle To generate strong absolute returns from a selection of companies chosen with a global outlook for opportunities in developed markets around the world. 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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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

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.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	-7.68%	-5.75%	-21.9%	-72.49%	-63.16%	-46.29%	-%	-%
Growth return	-7.68%	-5.75%	-21.9%	-72.49%	-63.16%	-46.29%	-%	-%
Income return	0%	0%	0%	0%	0%	0%	-%	-%

As at 30 Sep 2009. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Falkiner Global Absolute Returns

Australian Equities: 40%

International Equities: 19%

Cash: 41%

General Information

Fund Details

Type	Description
Fund Name	Falkiner Global Absolute Returns
Fund Status	Closed
Responsible Entity	Falkiner Global Investors Limited
APIR Code	FGI0001AU
Sector/Asset Class	Equity World Large Growth
Morningstar Rating	(as at 30 Sep 2009)
Legal Structure	Investment Fund
Fund Inception	30 Nov 2004
Fund Size	$1.34 million (as at 30 Sep 2009)
Entry Price	$0.1932 (as at 30 Sep 2009)
Exit Price	$0.1923 (as at 30 Sep 2009)
Fund Status	Finalised

Offer information

Type	Description
MER	1.70% (as at 30 Apr 2007)
Indirect Cost Ratio (ICR) - Estimated	2.85% (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	15.15%
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FAQs about the Falkiner Global Absolute Returns

What is the objective of the Falkiner Global Absolute Returns managed fund?

The objective of the Falkiner Global Absolute Returns managed fund is 13%-22% pa over 5-7 yr cycle To generate strong absolute returns from a selection of companies chosen with a global outlook for opportunities in developed markets around the world. To procure a reasonably steady upward trend in the Unit price. Preservation of capital is an important objective of this Fund.

What is the strategy for the Falkiner Global Absolute Returns managed fund?

The strategy of the Falkiner Global 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.

What is the APIR code of the Falkiner Global Absolute Returns managed fund?

The APIR code of the Falkiner Global Absolute Returns managed fund is FGI0001AU.

What was Falkiner Global Absolute Returns’s total return last month?

Falkiner Global Absolute Returns’s total return last month was -7.68%. This was made up of a growth return of -7.68% and an income return of 0%. These returns were calculated as at 30 Sep 2009.

What was Falkiner Global Absolute Returns’s total return for the last three months?

Falkiner Global Absolute Returns’s total return for the last three months was -5.75%. This was made up of a growth return of -5.75% and an income return of 0%%. These returns were calculated as at 30 Sep 2009.

What is Falkiner Global Absolute Returns’s one-year total return?

Falkiner Global Absolute Returns’s one-year total return is -72.49%. This was made up of a growth return of -72.49% and an income return of 0%. These returns were calculated as at 30 Sep 2009.

What is Falkiner Global Absolute Returns’s three-year total return?

Falkiner Global Absolute Returns’s one-year total return is -46.29%. This was made up of a growth return of -46.29% and an income return of 0%. These returns were calculated as at 30 Sep 2009.

What is the asset allocation of the Falkiner Global Absolute Returns managed fund?

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

Australian Equities: 40%

International Equities: 19%

Cash: 41%

Who is the responsible Entity of the Falkiner Global Absolute Returns managed fund?

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

What sector/asset class does the Falkiner Global Absolute Returns managed fund belong to?

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

What is the size of the Falkiner Global Absolute Returns managed fund?

As at 30 Sep 2009, the size of the Falkiner Global Absolute Returns managed fund was $1.34 million.

What is the inception date of the Falkiner Global Absolute Returns managed fund?

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

What is the current entry price of the Falkiner Global Absolute Returns managed fund?

The current entry price of the Falkiner Global Absolute Returns managed fund is $0.1932 per unit and the current exit price is $0.1923 per unit (as at 30 Sep 2009).

What is the current exit price of the Falkiner Global Absolute Returns managed fund?

The current exit price of the Falkiner Global Absolute Returns managed fund is $0.1923 per unit and the current entry price is $0.1932 per unit (as at 30 Sep 2009).

What is the minimum investment amount for the Falkiner Global Absolute Returns managed fund?

The minimum initial investment amount for the Falkiner Global 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.

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