Firetrail Australian High Conviction - Managed Fund

Fund Objective

The Fund provides exposure to a concentrated portfolio (approx 25 securities)of Australian equities through securities listed, or expected to be listed, on the ASX and the NZX. Only those securities that the Investment Manager has the highest conviction to generate the greatest returns will be included in the portfolio. Minimum suggested investment timeframe is 5 years. The benchmark of the Fund is the S&P/ASX 200 Accumulation Index.

Fund Strategy

Fund Performance Comparison

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Peers

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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	-8.25%	-3.28%	-3.7%	17.6%	10.64%	9.4%	7.42%	-%
Growth return	-99.99%	-99.99%	-99.99%	-99.99%	-98.79%	-94.66%	-82.66%	-%
Income return	91.74%	96.71%	96.29%	117.59%	109.43%	104.06%	90.08%	-%
Market index (S&P/ASX 200 TR AUD)
Total return	-7.15%	-1.61%	-2.61%	11.67%	7.17%	9.54%	8.63%	9.44%

As at 31 Mar 2026. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Firetrail Australian High Conviction

Australian Equities: 91.06%

Cash: 8.94%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 95.83%

Cash: -0.98%

International Equities: 4.24%

Property & Infrastructure: 1.26%

Fixed Interest: -0.33%

Alternatives: -0.02%

General Information

Fund Details

Type	Description
Fund Name	Firetrail Australian High Conviction
APIR Code	WHT3810AU
Sector/Asset Class	Equity Australia Large Blend
Morningstar Rating	(as at 28 Feb 2026)
Legal Structure	Investment Fund
Fund Inception	14 Mar 2018
Fund Size	$423.5 million (as at 28 Feb 2026)
Entry Price	$1.2093 (as at 1 Apr 2026)
Exit Price	$1.2057 (as at 1 Apr 2026)
Fund Status	Open

Offer information

Type	Description
MER	0.93% (as at 30 Jun 2025)
Indirect Cost Ratio (ICR)	0.90% (as at 30 Jun 2025)
Minimum initial investment	$20,000
Minimum additional investments	$5,000.00

Top 10 holdings (as at 28 Feb 2026)

Holding (as at 28 Feb 2026)	Type	% of Portfolio
BHP Group Ltd		18.68%
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FAQs about the Firetrail Australian High Conviction

What is the objective of the Firetrail Australian High Conviction managed fund?

The objective of the Firetrail Australian High Conviction managed fund is The Fund provides exposure to a concentrated portfolio (approx 25 securities)of Australian equities through securities listed, or expected to be listed, on the ASX and the NZX. Only those securities that the Investment Manager has the highest conviction to generate the greatest returns will be included in the portfolio. Minimum suggested investment timeframe is 5 years. The benchmark of the Fund is the S&P/ASX 200 Accumulation Index.

What is the strategy for the Firetrail Australian High Conviction managed fund?

The strategy of the Firetrail Australian High Conviction managed fund is The Fund provides exposure to a concentrated portfolio (approx 25 securities)of Australian equities through securities listed, or expected to be listed, on the ASX and the NZX. Only those securities that the Investment Manager has the highest conviction to generate the greatest returns will be included in the portfolio. Minimum suggested investment timeframe is 5 years. The benchmark of the Fund is the S&P/ASX 200 Accumulation Index.

What is the APIR code of the Firetrail Australian High Conviction managed fund?

The APIR code of the Firetrail Australian High Conviction managed fund is WHT3810AU.

What was Firetrail Australian High Conviction’s total return last month?

Firetrail Australian High Conviction’s total return last month was -8.25%. This was made up of a growth return of -99.99% and an income return of 91.74%. These returns were calculated as at 31 Mar 2026.

What was Firetrail Australian High Conviction’s total return for the last three months?

Firetrail Australian High Conviction’s total return for the last three months was -3.28%. This was made up of a growth return of -99.99% and an income return of 96.71%%. These returns were calculated as at 31 Mar 2026.

What is Firetrail Australian High Conviction’s one-year total return?

Firetrail Australian High Conviction’s one-year total return is 17.6%. This was made up of a growth return of -99.99% and an income return of 117.59%. These returns were calculated as at 31 Mar 2026.

What is Firetrail Australian High Conviction’s three-year total return?

Firetrail Australian High Conviction’s one-year total return is 9.4%. This was made up of a growth return of -94.66% and an income return of 104.06%. These returns were calculated as at 31 Mar 2026.

What is the asset allocation of the Firetrail Australian High Conviction managed fund?

The asset allocation of the Firetrail Australian High Conviction managed fund is :

Australian Equities: 91.06%

Cash: 8.94%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

What sector/asset class does the Firetrail Australian High Conviction managed fund belong to?

The Firetrail Australian High Conviction managed fund belongs to the Equity Australia Large Blend sector/asset class.

What is the size of the Firetrail Australian High Conviction managed fund?

As at 28 Feb 2026, the size of the Firetrail Australian High Conviction managed fund was $423.5 million.

What is the inception date of the Firetrail Australian High Conviction managed fund?

The Firetrail Australian High Conviction managed fund has an inception date of 14 Mar 2018.

What is the current entry price of the Firetrail Australian High Conviction managed fund?

The current entry price of the Firetrail Australian High Conviction managed fund is $1.2093 per unit and the current exit price is $1.2057 per unit (as at 1 Apr 2026).

What is the current exit price of the Firetrail Australian High Conviction managed fund?

The current exit price of the Firetrail Australian High Conviction managed fund is $1.2057 per unit and the current entry price is $1.2093 per unit (as at 1 Apr 2026).

What is the minimum investment amount for the Firetrail Australian High Conviction managed fund?

The minimum initial investment amount for the Firetrail Australian High Conviction managed fund is $20,000. Minimum additional investment is $5000.

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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