InvestSMART

Ironbark GCM Global Macro - Managed Fund

Fund Objective
Seek to deliver returns with low correlation to the broader equity and fixed income markets and other alternative strategies.
Fund Strategy
The Fund is a single manager fund that invests in the IB share class of the GCM Fund through the K2 Platform. As the Underlying Manager, Graham Capital Management has been engaged by K2 Advisors pursuant to a sub-advisor agreement to implement the GCM Fund's investment strategy.

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 0.92% 0.7% -7.62% -8.22% -6.65% -3.23% 2.24% 0.96%
Growth return 0.92% 0.7% -7.62% -8.22% -6.65% -3.23% 2.24% 0.59%
Income return 0% 0% 0% 0% 0% 0% 0% 0.37%
Market index (Morningstar AUD 1M Cash GR AUD)
Total return 0.29% 0.9% 1.88% 4.03% 4.17% 3.92% -% -%
As at 30 Sep 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Ironbark GCM Global Macro
Cash
3.95%
Alternatives
96.05%
International Equities
0%
Fixed Interest
0%
Average Allocation of Peers
Cash
40.91%
Alternatives
46.73%
International Equities
6.14%
Fixed Interest
6.23%

General Information

Fund Details
Type Description
Ironbark GCM Global Macro
Ironbark Asset Mgmt (Fund Services) Ltd
DEU0109AU
Alternative - Macro Trading
starstar (as at 30 Sep 2025)
Investment Fund
30 Nov 1999
$78.6 million (as at 27 Oct 2025)
$1.2075 (as at 27 Oct 2025)
$1.2075 (as at 27 Oct 2025)
Open
Offer information
Type Description
MER 2.67% (as at 1 Jul 2024)
Indirect Cost Ratio (ICR) 2.72% (as at 30 Jun 2024)
Performance fee (not included in ICR) 0.81
Minimum initial investment $20,000
Minimum additional investments $1,000.00
Minimum redemption amount $1,000.00

Top 10 holdings (as at 31 Oct 2019)

Holding (as at 31 Oct 2019) Type % of Portfolio
K2 Gcm Liquid Quant Macro Fund Mutual Fund - Money Market 100%

FAQs about the Ironbark GCM Global Macro

The objective of the Ironbark GCM Global Macro managed fund is Seek to deliver returns with low correlation to the broader equity and fixed income markets and other alternative strategies.

The strategy of the Ironbark GCM Global Macro managed fund is The Fund is a single manager fund that invests in the IB share class of the GCM Fund through the K2 Platform. As the Underlying Manager, Graham Capital Management has been engaged by K2 Advisors pursuant to a sub-advisor agreement to implement the GCM Fund's investment strategy.

The APIR code of the Ironbark GCM Global Macro managed fund is DEU0109AU.

Ironbark GCM Global Macro’s total return last month was 0.92%. This was made up of a growth return of 0.92% and an income return of 0%. These returns were calculated as at 30 Sep 2025.

Ironbark GCM Global Macro’s total return for the last three months was 0.7%. This was made up of a growth return of 0.7% and an income return of 0%%. These returns were calculated as at 30 Sep 2025.

Ironbark GCM Global Macro’s one-year total return is -8.22%. This was made up of a growth return of -8.22% and an income return of 0%. These returns were calculated as at 30 Sep 2025.

Ironbark GCM Global Macro’s one-year total return is -3.23%. This was made up of a growth return of -3.23% and an income return of 0%. These returns were calculated as at 30 Sep 2025.

The asset allocation of the Ironbark GCM Global Macro managed fund is :

Cash
3.95%
Alternatives
96.05%
International Equities
0%
Fixed Interest
0%

The Responsible Entity for the Ironbark GCM Global Macro managed fund is Ironbark Asset Mgmt (Fund Services) Ltd.

The Ironbark GCM Global Macro managed fund belongs to the Alternative - Macro Trading sector/asset class.

As at 27 Oct 2025, the size of the Ironbark GCM Global Macro managed fund was $78.6 million.

The Ironbark GCM Global Macro managed fund has an inception date of 30 Nov 1999.

The current entry price of the Ironbark GCM Global Macro managed fund is $1.2075 per unit and the current exit price is $1.2075 per unit (as at 27 Oct 2025).

The current exit price of the Ironbark GCM Global Macro managed fund is $1.2075 per unit and the current entry price is $1.2075 per unit (as at 27 Oct 2025).

The minimum initial investment amount for the Ironbark GCM Global Macro managed fund is $20,000. 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.