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  5. Huon Capital Contrarian Global Value Fund - Managed fund profile

Huon Capital Contrarian Global Value Fund - Managed Fund (Closed)

Fund Objective
The Contrarian Global Value Fund's objective is to maximise long term capital appreciation and capital preservation by providing investors with a concentrated portfolio of international equities, bonds and cash that aims to achieve a rate of return in excess of the Morgan Stanley Capital International (MSCI) All Countries World ex Australia index (unhedged) in $A over rolling three year time frames, however this is not guaranteed.
Fund Strategy
The Fund aims to achieve this objective by opportunistically selecting stocks from around the globe, with a high degree of flexibility. The Fund will have no geographic, capitalisation or industry constraints, and will be managed with a contrarian style. The strategy will not take account of commonly used benchmark compositions and weightings, and may hold cash when there are a lack of suitable investments that meet the Fund's strict valuation criteria.

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 -0.74% -0.44% 10.81% -3.72% -% -% -% -%
Growth return -0.74% -0.44% 10.81% -5.82% -% -% -% -%
Income return 0% 0% 0% 2.1% -% -% -% -%
Market index (MSCI World Small Cap NR AUD)
Total return 3.7% 9.18% 16.15% 18.95% 9.94% 6.63% 9.75% 10.76%
As at 31 Dec 2008. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Huon Capital Contrarian Global Value Fund
International Equities
8.80%
Cash
91.20%
Australian Equities
0%
Property
0%
Average Allocation of Peers
International Equities
91.48%
Cash
3.50%
Australian Equities
4.35%
Property
0.67%

General Information

Fund Details
Type Description
Huon Capital Contrarian Global Value Fund
Closed
Theta Asset Management Ltd
MMC0001AU
Equity World Mid/Small
Not Rated
Investment Fund
9 Jul 2007
$18.24 million (as at 31 Dec 2008)
$0.8904 (as at 6 Jan 2009)
$0.8851 (as at 6 Jan 2009)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) 2.05% (as at 31 Dec 2007)
Minimum initial investment $25,000

Top 10 holdings (as at 31 Dec 2008)

Holding (as at 31 Dec 2008) Type % of Portfolio
Kingmaker Footwear Holdings Ltd. Stock 35.73%
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FAQs about the Huon Capital Contrarian Global Value Fund

The objective of the Huon Capital Contrarian Global Value Fund managed fund is The Contrarian Global Value Fund's objective is to maximise long term capital appreciation and capital preservation by providing investors with a concentrated portfolio of international equities, bonds and cash that aims to achieve a rate of return in excess of the Morgan Stanley Capital International (MSCI) All Countries World ex Australia index (unhedged) in $A over rolling three year time frames, however this is not guaranteed.

The strategy of the Huon Capital Contrarian Global Value Fund managed fund is The Fund aims to achieve this objective by opportunistically selecting stocks from around the globe, with a high degree of flexibility. The Fund will have no geographic, capitalisation or industry constraints, and will be managed with a contrarian style. The strategy will not take account of commonly used benchmark compositions and weightings, and may hold cash when there are a lack of suitable investments that meet the Fund's strict valuation criteria.

The APIR code of the Huon Capital Contrarian Global Value Fund managed fund is MMC0001AU.

Huon Capital Contrarian Global Value Fund’s total return last month was -0.74%. This was made up of a growth return of -0.74% and an income return of 0%. These returns were calculated as at 31 Dec 2008.

Huon Capital Contrarian Global Value Fund’s total return for the last three months was -0.44%. This was made up of a growth return of -0.44% and an income return of 0%%. These returns were calculated as at 31 Dec 2008.

Huon Capital Contrarian Global Value Fund’s one-year total return is -3.72%. This was made up of a growth return of -5.82% and an income return of 2.1%. These returns were calculated as at 31 Dec 2008.

Huon Capital Contrarian Global Value Fund’s one-year total return is -%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 31 Dec 2008.

The asset allocation of the Huon Capital Contrarian Global Value Fund managed fund is :

International Equities
8.80%
Cash
91.20%
Australian Equities
0%
Property
0%

The Responsible Entity for the Huon Capital Contrarian Global Value Fund managed fund is Theta Asset Management Ltd.

The Huon Capital Contrarian Global Value Fund managed fund belongs to the Equity World Mid/Small sector/asset class.

As at 31 Dec 2008, the size of the Huon Capital Contrarian Global Value Fund managed fund was $18.24 million.

The Huon Capital Contrarian Global Value Fund managed fund has an inception date of 9 Jul 2007.

The current entry price of the Huon Capital Contrarian Global Value Fund managed fund is $0.8904 per unit and the current exit price is $0.8851 per unit (as at 6 Jan 2009).

The current exit price of the Huon Capital Contrarian Global Value Fund managed fund is $0.8851 per unit and the current entry price is $0.8904 per unit (as at 6 Jan 2009).

The minimum initial investment amount for the Huon Capital Contrarian Global Value Fund 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.