InvestSMART

K2 Opportunities - Managed Fund

Fund Objective
The Fund aims to deliver capital growth over the long-term by seeking out opportunities in undervalued companies in all market cycles. The Fund aims to deliver investors strong capital growth over the long-term. K2’s investment parameters allow both Long and Short investment in equity markets, with the added flexibility of investing in cash. The Fund carries specific capacity limits, enabling them to remain versatile and protect their ability to continue to achieve their performance objectives.
Fund Strategy
The Fund aims to deliver capital growth over the long-term by seeking out opportunities in undervalued companies in all market cycles. The Fund aims to deliver investors strong capital growth over the long-term. K2’s investment parameters allow both Long and Short investment in equity markets, with the added flexibility of investing in cash. The Fund carries specific capacity limits, enabling them to remain versatile and protect their ability to continue to achieve their performance objectives.

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 -11.88% -10.77% -13.46% 7.88% 2.69% 6.62% 3.16% 4.26%
Growth return -89.25% -89.05% -89.38% -88.34% -66.27% -49.27% -36.78% -20.32%
Income return 77.37% 78.28% 75.92% 96.22% 68.96% 55.89% 39.94% 24.58%
Market index (S&P/ASX 200 TR AUD)
Total return -7.15% -1.61% -2.61% 11.67% 7.17% 9.54% 8.63% 9.44%
As at 31 Mar 2026. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

K2 Opportunities
Australian Equities
43.39%
International Equities
1.95%
Cash
54.66%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
95.83%
International Equities
4.24%
Cash
-0.98%
Property & Infrastructure
1.26%
Fixed Interest
-0.33%
Alternatives
-0.02%

General Information

Fund Details
Type Description
K2 Opportunities
K2 Asset Management Ltd
KAM0101AU
Equity Australia Long Short
starstarstar (as at 28 Feb 2026)
Investment Fund
1 Oct 1999
$11.4 million (as at 1 Apr 2026)
$146.13 (as at 1 Apr 2026)
$145.41 (as at 1 Apr 2026)
Open
Offer information
Type Description
MER 4.08% (as at 16 Feb 2026)
Indirect Cost Ratio (ICR) 5.91% (as at 30 Jun 2025)
Performance fee (not included in ICR) 2.84
Minimum initial investment $20,000
Minimum additional investments $10,000.00
Minimum redemption amount $10,000.00

Top 10 holdings (as at 31 Dec 2025)

Holding (as at 31 Dec 2025) Type % of Portfolio
Macquarie Group Ltd 5.73%
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FAQs about the K2 Opportunities

The objective of the K2 Opportunities 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. The Fund aims to deliver investors strong capital growth over the long-term. K2’s investment parameters allow both Long and Short investment in equity markets, with the added flexibility of investing in cash. The Fund carries specific capacity limits, enabling them to remain versatile and protect their ability to continue to achieve their performance objectives.

The strategy of the K2 Opportunities 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. The Fund aims to deliver investors strong capital growth over the long-term. K2’s investment parameters allow both Long and Short investment in equity markets, with the added flexibility of investing in cash. The Fund carries specific capacity limits, enabling them to remain versatile and protect their ability to continue to achieve their performance objectives.

The APIR code of the K2 Opportunities managed fund is KAM0101AU.

K2 Opportunities’s total return last month was -11.88%. This was made up of a growth return of -89.25% and an income return of 77.37%. These returns were calculated as at 31 Mar 2026.

K2 Opportunities’s total return for the last three months was -10.77%. This was made up of a growth return of -89.05% and an income return of 78.28%%. These returns were calculated as at 31 Mar 2026.

K2 Opportunities’s one-year total return is 7.88%. This was made up of a growth return of -88.34% and an income return of 96.22%. These returns were calculated as at 31 Mar 2026.

K2 Opportunities’s one-year total return is 6.62%. This was made up of a growth return of -49.27% and an income return of 55.89%. These returns were calculated as at 31 Mar 2026.

The asset allocation of the K2 Opportunities managed fund is :

Australian Equities
43.39%
International Equities
1.95%
Cash
54.66%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the K2 Opportunities managed fund is K2 Asset Management Ltd.

The K2 Opportunities managed fund belongs to the Equity Australia Long Short sector/asset class.

As at 1 Apr 2026, the size of the K2 Opportunities managed fund was $11.4 million.

The K2 Opportunities managed fund has an inception date of 1 Oct 1999.

The current entry price of the K2 Opportunities managed fund is $146.13 per unit and the current exit price is $145.41 per unit (as at 1 Apr 2026).

The current exit price of the K2 Opportunities managed fund is $145.41 per unit and the current entry price is $146.13 per unit (as at 1 Apr 2026).

The minimum initial investment amount for the K2 Opportunities 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.