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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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	6.09%	14.73%	23.57%	17.98%	14.11%	13.42%	20.18%	-%
Growth return	6.09%	14.73%	23.57%	17.98%	14.09%	13.4%	12.05%	-%
Income return	0%	0%	0%	0%	0.02%	0.02%	8.13%	-%
Market index (S&P/ASX 200 TR AUD)
Total return	3.1%	7.03%	11.65%	14.74%	14.82%	13.04%	12.32%	9.87%

As at 31 Aug 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

L1 Capital Long Short - Daily

Australian Equities: 73.12%

International Equities: 60.38%

Cash: 3.13%

Alternatives: -36.63%

Property & Infrastructure: 0%

Fixed Interest: 0%

Average Allocation of Peers

Australian Equities: 93.72%

International Equities: 4.82%

Cash: -0.78%

Alternatives: 0.58%

Property & Infrastructure: 1.41%

Fixed Interest: 0.26%

General Information

Fund Details

Type	Description
Fund Name	L1 Capital Long Short - Daily
Responsible Entity	Equity Trustees Ltd
APIR Code	ETL0490AU
Sector/Asset Class	Equity Australia Long Short
Morningstar Rating	(as at 31 Aug 2025)
Legal Structure	Investment Fund
Fund Inception	3 Oct 2016
Fund Size	$1257.44 million (as at 31 Aug 2025)
Entry Price	$1.8567 (as at 17 Sep 2025)
Exit Price	$1.8511 (as at 17 Sep 2025)
Fund Status	Open

Offer information

Type	Description
MER	5.13% (as at 1 Aug 2025)
Indirect Cost Ratio (ICR)	1.54% (as at 30 Jun 2024)
Performance fee (not included in ICR)	Not Available
Minimum initial investment	$25,000
Minimum additional investments	$10,000.00
Minimum redemption amount	$10,000.00

FAQs about the L1 Capital Long Short - Daily

What is the objective of the L1 Capital Long Short - Daily managed fund?

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.

What is the strategy for the L1 Capital Long Short - Daily managed fund?

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.

What is the APIR code of the L1 Capital Long Short - Daily managed fund?

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

What was L1 Capital Long Short - Daily’s total return last month?

L1 Capital Long Short - Daily’s total return last month was 6.09%. This was made up of a growth return of 6.09% and an income return of 0%. These returns were calculated as at 31 Aug 2025.

What was L1 Capital Long Short - Daily’s total return for the last three months?

L1 Capital Long Short - Daily’s total return for the last three months was 14.73%. This was made up of a growth return of 14.73% and an income return of 0%%. These returns were calculated as at 31 Aug 2025.

What is L1 Capital Long Short - Daily’s one-year total return?

L1 Capital Long Short - Daily’s one-year total return is 17.98%. This was made up of a growth return of 17.98% and an income return of 0%. These returns were calculated as at 31 Aug 2025.

What is L1 Capital Long Short - Daily’s three-year total return?

L1 Capital Long Short - Daily’s one-year total return is 13.42%. This was made up of a growth return of 13.4% and an income return of 0.02%. These returns were calculated as at 31 Aug 2025.

What is the asset allocation of the L1 Capital Long Short - Daily managed fund?

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

Australian Equities: 73.12%

International Equities: 60.38%

Cash: 3.13%

Alternatives: -36.63%

Property & Infrastructure: 0%

Fixed Interest: 0%

Who is the responsible Entity of the L1 Capital Long Short - Daily managed fund?

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

What sector/asset class does the L1 Capital Long Short - Daily managed fund belong to?

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

What is the size of the L1 Capital Long Short - Daily managed fund?

As at 31 Aug 2025, the size of the L1 Capital Long Short - Daily managed fund was $1257.44 million.

What is the inception date of the L1 Capital Long Short - Daily managed fund?

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

What is the current entry price of the L1 Capital Long Short - Daily managed fund?

The current entry price of the L1 Capital Long Short - Daily managed fund is $1.8567 per unit and the current exit price is $1.8511 per unit (as at 17 Sep 2025).

What is the current exit price of the L1 Capital Long Short - Daily managed fund?

The current exit price of the L1 Capital Long Short - Daily managed fund is $1.8511 per unit and the current entry price is $1.8567 per unit (as at 17 Sep 2025).

What is the minimum investment amount for the L1 Capital Long Short - Daily managed fund?

The minimum initial investment amount for the L1 Capital Long Short - Daily managed fund is $25,000. 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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