K2 Asian Absolute Return - Managed Fund (Closed)

Fund Objective

The Fund aims to deliver capital growth over the long term by seeking out opportunities in undervalued companies in all market cycles.

Fund Strategy

K2 employs a top-down macroeconomic view with bottomup stock selection to identify investment opportunities. Continuous macroeconomic analysis of market conditions determines this Fund's net equity exposure. This top-down overlay provides our investment managers with the autonomy to invest in a benchmark unaware manner; in sectors and regions that they believe will add the most value.

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.

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Fees Comparison

% p.a.

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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	-2.96%	0.24%	4.64%	-1.35%	5.48%	-4.57%	-2.26%	0.38%
Growth return	-2.96%	0.24%	4.64%	-1.35%	5.48%	-4.57%	-2.26%	-1.54%
Income return	0%	0%	0%	0%	0%	0%	0%	1.92%
Market index (MSCI World Ex Australia NR AUD)
Total return	1.99%	6.14%	12.44%	23.03%	23.12%	22.63%	16.27%	13.14%

As at 31 Dec 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

K2 Asian Absolute Return

Australian Equities: 64.43%

International Equities: 5.61%

Cash: 29.96%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 1.42%

International Equities: 95.50%

Cash: 1.78%

Property & Infrastructure: 1.16%

Fixed Interest: 0%

Alternatives: 0.15%

General Information

Fund Details

Type	Description
Fund Name	K2 Asian Absolute Return
Fund Status	Closed
Responsible Entity	K2 Asset Management Ltd
APIR Code	KAM0100AU
Sector/Asset Class	Equity World Long Short
Morningstar Rating	(as at 31 Dec 2024)
Legal Structure	Investment Fund
Fund Inception	1 Sep 1999
Fund Size	$2.99 million (as at 9 Jan 2025)
Entry Price	$165.2 (as at 9 Jan 2025)
Exit Price	$164.38 (as at 9 Jan 2025)
Fund Status	Finalised

Offer information

Type	Description
MER	4.69% (as at 15 Nov 2023)
Indirect Cost Ratio (ICR)	4.24% (as at 30 Jun 2024)
Performance fee (not included in ICR)	0
Minimum initial investment	$20,000
Minimum additional investments	$10,000.00
Minimum redemption amount	$10,000.00

Top 10 holdings (as at 31 Dec 2024)

Holding (as at 31 Dec 2024)	Type	% of Portfolio
SGH Ltd	Equity	11.36%
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FAQs about the K2 Asian Absolute Return

What is the objective of the K2 Asian Absolute Return managed fund?

The objective of the K2 Asian Absolute Return managed fund is The Fund aims to deliver capital growth over the long term by seeking out opportunities in undervalued companies in all market cycles.

What is the strategy for the K2 Asian Absolute Return managed fund?

The strategy of the K2 Asian Absolute Return managed fund is K2 employs a top-down macroeconomic view with bottomup stock selection to identify investment opportunities. Continuous macroeconomic analysis of market conditions determines this Fund's net equity exposure. This top-down overlay provides our investment managers with the autonomy to invest in a benchmark unaware manner; in sectors and regions that they believe will add the most value.

What is the APIR code of the K2 Asian Absolute Return managed fund?

The APIR code of the K2 Asian Absolute Return managed fund is KAM0100AU.

What was K2 Asian Absolute Return’s total return last month?

K2 Asian Absolute Return’s total return last month was -2.96%. This was made up of a growth return of -2.96% and an income return of 0%. These returns were calculated as at 31 Dec 2024.

What was K2 Asian Absolute Return’s total return for the last three months?

K2 Asian Absolute Return’s total return for the last three months was 0.24%. This was made up of a growth return of 0.24% and an income return of 0%%. These returns were calculated as at 31 Dec 2024.

What is K2 Asian Absolute Return’s one-year total return?

K2 Asian Absolute Return’s one-year total return is -1.35%. This was made up of a growth return of -1.35% and an income return of 0%. These returns were calculated as at 31 Dec 2024.

What is K2 Asian Absolute Return’s three-year total return?

K2 Asian Absolute Return’s one-year total return is -4.57%. This was made up of a growth return of -4.57% and an income return of 0%. These returns were calculated as at 31 Dec 2024.

What is the asset allocation of the K2 Asian Absolute Return managed fund?

The asset allocation of the K2 Asian Absolute Return managed fund is :

Australian Equities: 64.43%

International Equities: 5.61%

Cash: 29.96%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the K2 Asian Absolute Return managed fund?

The Responsible Entity for the K2 Asian Absolute Return managed fund is K2 Asset Management Ltd.

What sector/asset class does the K2 Asian Absolute Return managed fund belong to?

The K2 Asian Absolute Return managed fund belongs to the Equity World Long Short sector/asset class.

What is the size of the K2 Asian Absolute Return managed fund?

As at 9 Jan 2025, the size of the K2 Asian Absolute Return managed fund was $2.99 million.

What is the inception date of the K2 Asian Absolute Return managed fund?

The K2 Asian Absolute Return managed fund has an inception date of 1 Sep 1999.

What is the current entry price of the K2 Asian Absolute Return managed fund?

The current entry price of the K2 Asian Absolute Return managed fund is $165.2 per unit and the current exit price is $164.38 per unit (as at 9 Jan 2025).

What is the current exit price of the K2 Asian Absolute Return managed fund?

The current exit price of the K2 Asian Absolute Return managed fund is $164.38 per unit and the current entry price is $165.2 per unit (as at 9 Jan 2025).

What is the minimum investment amount for the K2 Asian Absolute Return managed fund?

The minimum initial investment amount for the K2 Asian Absolute Return managed fund is $20,000. Minimum additional investment is $10000.

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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