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JANA Australian Share Long Short Trust - Managed Fund (Closed)

Fund Objective
The investment objective aims to outperform the S&P/ASX300 Accumulation Index (before fees and expenses) over rolling five year periods.
Fund Strategy
The fund provides access to a selection of specialist long short investment managers. It invests predominantly in Australian share and may also hold cash, have a minor exposure to non-Australian shares and may use derivatives. The investment managers employ a long short investment strategy and generally aim to be 100% long on a net exposure basis. The currency exposure to any non-Australian shares is substantially unhedged. The investment managers may use derivatives or borrow shares for short selling strategies.

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 8.63% -3.72% -9.61% -7.69% -2.79% 1.34% -3.47% -%
Growth return 8.63% -3.72% -11.44% -9.56% -5.01% -1.6% -7.32% -%
Income return 0% 0% 1.83% 1.87% 2.22% 2.94% 3.85% -%
Market index (S&P/ASX 200 TR AUD)
Total return -0.78% 4.71% 14.66% 10.56% 16.03% 15.17% 12.98% 10.11%
As at 31 Oct 2011. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

JANA Australian Share Long Short Trust
Australian Equities
99.44%
Cash
0.56%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
93.40%
Cash
-0.72%
International Equities
5.08%
Property & Infrastructure
1.40%
Fixed Interest
0.26%
Alternatives
0.58%

General Information

Fund Details
Type Description
JANA Australian Share Long Short Trust (Wholesale)
Closed
MLC Investments Limited
MLC0672AU
Equity Australia Large Blend
star (as at 31 Oct 2011)
Investment Fund
25 May 2006
$54.06 million (as at 31 Dec 2009)
$0.70705 (as at 17 Nov 2011)
$0.70211 (as at 17 Nov 2011)
Finalised
Offer information
Type Description
MER 1.12% (as at 30 Jun 2006)
Indirect Cost Ratio (ICR) - Estimated 1.15% (as at 30 Jun 2011) (Estimated)
Minimum initial investment $500,000

FAQs about the JANA Australian Share Long Short Trust

The objective of the JANA Australian Share Long Short Trust managed fund is The investment objective aims to outperform the S&P/ASX300 Accumulation Index (before fees and expenses) over rolling five year periods.

The strategy of the JANA Australian Share Long Short Trust managed fund is The fund provides access to a selection of specialist long short investment managers. It invests predominantly in Australian share and may also hold cash, have a minor exposure to non-Australian shares and may use derivatives. The investment managers employ a long short investment strategy and generally aim to be 100% long on a net exposure basis. The currency exposure to any non-Australian shares is substantially unhedged. The investment managers may use derivatives or borrow shares for short selling strategies.

The APIR code of the JANA Australian Share Long Short Trust managed fund is MLC0672AU.

JANA Australian Share Long Short Trust’s total return last month was 8.63%. This was made up of a growth return of 8.63% and an income return of 0%. These returns were calculated as at 31 Oct 2011.

JANA Australian Share Long Short Trust’s total return for the last three months was -3.72%. This was made up of a growth return of -3.72% and an income return of 0%%. These returns were calculated as at 31 Oct 2011.

JANA Australian Share Long Short Trust’s one-year total return is -7.69%. This was made up of a growth return of -9.56% and an income return of 1.87%. These returns were calculated as at 31 Oct 2011.

JANA Australian Share Long Short Trust’s one-year total return is 1.34%. This was made up of a growth return of -1.6% and an income return of 2.94%. These returns were calculated as at 31 Oct 2011.

The asset allocation of the JANA Australian Share Long Short Trust managed fund is :

Australian Equities
99.44%
Cash
0.56%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the JANA Australian Share Long Short Trust managed fund is MLC Investments Limited.

The JANA Australian Share Long Short Trust managed fund belongs to the Equity Australia Large Blend sector/asset class.

As at 31 Dec 2009, the size of the JANA Australian Share Long Short Trust managed fund was $54.06 million.

The JANA Australian Share Long Short Trust managed fund has an inception date of 25 May 2006.

The current entry price of the JANA Australian Share Long Short Trust managed fund is $0.70705 per unit and the current exit price is $0.70211 per unit (as at 17 Nov 2011).

The current exit price of the JANA Australian Share Long Short Trust managed fund is $0.70211 per unit and the current entry price is $0.70705 per unit (as at 17 Nov 2011).

The minimum initial investment amount for the JANA Australian Share Long Short Trust managed fund is $500,000.

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.