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  5. Harvest Lane Asset Management Absolute Return - Managed fund profile

Harvest Lane Asset Management Absolute Return - Managed Fund

Fund Objective
The Fund aims to deliver consistent positive rates of return (greater that 10%p.a. over a 3 year period), with low or no correlation to equity markets. It aims to achieve this regardless of underlying market and economic conditions.
Fund Strategy
The Manager is focused on generating superior risk adjusted returns for its investors. Historically, the Manager has found many such opportunities have existed within the 'event' space and as such regularly invests in merger arbitrage situations, along with select capital raisings and other corporate actions.

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 2.68% 3.73% 8.77% 12.68% 11.04% 13.54% 8.41% 7.83%
Growth return 2.68% 3.73% 8.77% 2.54% 5.93% 10.02% 6.35% 2.34%
Income return 0% 0% 0% 10.14% 5.11% 3.52% 2.06% 5.49%
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.36% 1.07% 2.15% 4.21% 3.33% 2.23% 1.56% 1.82%
As at 31 Mar 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Harvest Lane Asset Management Absolute Return
Australian Equities
0%
International Equities
0%
Cash
0%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
5.98%
International Equities
9.98%
Cash
46.42%
Property
2.07%
Fixed Interest
15.60%
Alternatives
19.95%

General Information

Fund Details
Type Description
Harvest Lane Asset Management Absolute Return
Fundhost Limited
FHT0042AU
Alternative - Other
Not Rated
Investment Fund
1 Jul 2013
$21.35 million (as at 30 Jun 2023)
$1.4469 (as at 17 Apr 2024)
$1.4397 (as at 17 Apr 2024)
Open
Offer information
Type Description
Indirect Cost Ratio (ICR) 1.25% (as at 30 Jun 2022)
Performance fee (not included in ICR) 0
Minimum initial investment $5,000.00
Minimum additional investments $1,000.00

Top 10 holdings (as at 31 May 2021)

Holding (as at 31 May 2021) Type % of Portfolio
Vitalharvest Freehold Trust Equity - Units 18.53%
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FAQs about the Harvest Lane Asset Management Absolute Return

The objective of the Harvest Lane Asset Management Absolute Return managed fund is The Fund aims to deliver consistent positive rates of return (greater that 10%p.a. over a 3 year period), with low or no correlation to equity markets. It aims to achieve this regardless of underlying market and economic conditions.

The strategy of the Harvest Lane Asset Management Absolute Return managed fund is The Manager is focused on generating superior risk adjusted returns for its investors. Historically, the Manager has found many such opportunities have existed within the 'event' space and as such regularly invests in merger arbitrage situations, along with select capital raisings and other corporate actions.

The APIR code of the Harvest Lane Asset Management Absolute Return managed fund is FHT0042AU.

Harvest Lane Asset Management Absolute Return’s total return last month was 2.68%. This was made up of a growth return of 2.68% and an income return of 0%. These returns were calculated as at 31 Mar 2024.

Harvest Lane Asset Management Absolute Return’s total return for the last three months was 3.73%. This was made up of a growth return of 3.73% and an income return of 0%%. These returns were calculated as at 31 Mar 2024.

Harvest Lane Asset Management Absolute Return’s one-year total return is 12.68%. This was made up of a growth return of 2.54% and an income return of 10.14%. These returns were calculated as at 31 Mar 2024.

Harvest Lane Asset Management Absolute Return’s one-year total return is 13.54%. This was made up of a growth return of 10.02% and an income return of 3.52%. These returns were calculated as at 31 Mar 2024.

The asset allocation of the Harvest Lane Asset Management Absolute Return managed fund is :

Australian Equities
0%
International Equities
0%
Cash
0%
Property
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Harvest Lane Asset Management Absolute Return managed fund is Fundhost Limited.

The Harvest Lane Asset Management Absolute Return managed fund belongs to the Alternative - Other sector/asset class.

As at 30 Jun 2023, the size of the Harvest Lane Asset Management Absolute Return managed fund was $21.35 million.

The Harvest Lane Asset Management Absolute Return managed fund has an inception date of 1 Jul 2013.

The current entry price of the Harvest Lane Asset Management Absolute Return managed fund is $1.4469 per unit and the current exit price is $1.4397 per unit (as at 17 Apr 2024).

The current exit price of the Harvest Lane Asset Management Absolute Return managed fund is $1.4397 per unit and the current entry price is $1.4469 per unit (as at 17 Apr 2024).

The minimum initial investment amount for the Harvest Lane Asset Management Absolute Return managed fund is $5,000. 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.