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  5. L1 Capital Long Short - Daily - Managed fund profile

L1 Capital Long Short - Daily - Managed Fund

Fund Objective
The investment seeks to achieve strong, positive, risk-adjusted returns over the long term (in AUD terms). The return objective is 10% return net of fees and expenses p.a. over the long term.
Fund Strategy
To conduct bottom up company research to identify mispriced securities, the fund may hold long or short stock positions (or derivatives) to profit from this mispricing. Securities will be listed (or expected to list) on a global stock exchange.

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 8.26% 7.68% 10.79% 12.36% 6.25% 14.01% 18.49% -%
Growth return 8.26% 7.68% 10.79% 12.36% -10.79% 1.46% 9.29% -%
Income return 0% 0% 0% 0% 17.04% 12.55% 9.2% -%
Market index (MSCI World Ex Australia NR AUD)
Total return 3.02% 14.06% 20.11% 28.72% 15.87% 14.43% -% 13.43%
As at 31 Mar 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

L1 Capital Long Short - Daily
Australian Equities
0%
International Equities
0%
Cash
0%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
2.34%
International Equities
92.27%
Cash
3.60%
Property
1.76%
Fixed Interest
-0.04%
Alternatives
0.06%

General Information

Fund Details
Type Description
L1 Capital Long Short - Daily
Equity Trustees Ltd
ETL0490AU
Equity World Long Short
starstarstarstar (as at 31 Mar 2024)
Investment Fund
3 Oct 2016
$820.89 million (as at 31 Mar 2024)
$1.5775 (as at 23 Apr 2024)
$1.5727 (as at 23 Apr 2024)
Open
Offer information
Type Description
Indirect Cost Ratio (ICR) 3.71% (as at 30 Jun 2022)
Performance fee (not included in ICR) 2.17
Minimum initial investment $5,000.00
Minimum additional investments $10,000.00
Minimum redemption amount $10,000.00

FAQs about the L1 Capital Long Short - Daily

The objective of the L1 Capital Long Short - Daily managed fund is The investment seeks to achieve strong, positive, risk-adjusted returns over the long term (in AUD terms). The return objective is 10% return net of fees and expenses p.a. over the long term.

The strategy of the L1 Capital Long Short - Daily managed fund is To conduct bottom up company research to identify mispriced securities, the fund may hold long or short stock positions (or derivatives) to profit from this mispricing. Securities will be listed (or expected to list) on a global stock exchange.

The APIR code of the L1 Capital Long Short - Daily managed fund is ETL0490AU.

L1 Capital Long Short - Daily’s total return last month was 8.26%. This was made up of a growth return of 8.26% and an income return of 0%. These returns were calculated as at 31 Mar 2024.

L1 Capital Long Short - Daily’s total return for the last three months was 7.68%. This was made up of a growth return of 7.68% and an income return of 0%%. These returns were calculated as at 31 Mar 2024.

L1 Capital Long Short - Daily’s one-year total return is 12.36%. This was made up of a growth return of 12.36% and an income return of 0%. These returns were calculated as at 31 Mar 2024.

L1 Capital Long Short - Daily’s one-year total return is 14.01%. This was made up of a growth return of 1.46% and an income return of 12.55%. These returns were calculated as at 31 Mar 2024.

The asset allocation of the L1 Capital Long Short - Daily managed fund is :

Australian Equities
0%
International Equities
0%
Cash
0%
Property
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the L1 Capital Long Short - Daily managed fund is Equity Trustees Ltd.

The L1 Capital Long Short - Daily managed fund belongs to the Equity World Long Short sector/asset class.

As at 31 Mar 2024, the size of the L1 Capital Long Short - Daily managed fund was $820.89 million.

The L1 Capital Long Short - Daily managed fund has an inception date of 3 Oct 2016.

The current entry price of the L1 Capital Long Short - Daily managed fund is $1.5775 per unit and the current exit price is $1.5727 per unit (as at 23 Apr 2024).

The current exit price of the L1 Capital Long Short - Daily managed fund is $1.5727 per unit and the current entry price is $1.5775 per unit (as at 23 Apr 2024).

The minimum initial investment amount for the L1 Capital Long Short - Daily managed fund is $5,000. 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.