InvestSMART

L1 Capital Long Short - Wholesale - 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

Relative Fund Performance vs {{ fund.benchmark.peers.peerCount }} peers using {{ fund.benchmark.name }} as their benchmark.

{{ fund.name }}
Peers
Benchmark ({{ fund.benchmark.name }})
{{ fund.model.name }}
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.
grow your money
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns.
Free Fees Report
investing
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers.
Free investor guide
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns. Free Fees Report
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers. Free investor guide

Fees Comparison

{{ fund.mer | number:2 }}
% p.a.
{{ fund.name }}
{{ modelPortfolio.mer * 100 | number:2 }}
% p.a.
{{ modelPortfolio.name }}
{{ fund.benchmark.peers.mer * 100 | number:2 }}
% p.a.
Average of peers ({{ fund.benchmark.peers.peerCount }})
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.
Upsell Banner

Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 4.38% 13.43% 26.94% 18.63% 16.43% 18.55% 22.1% 17.57%
Growth return 4.38% 13.43% 26.88% 18.56% 16.38% 18.51% 12.49% 9.16%
Income return 0% 0% 0.06% 0.07% 0.05% 0.04% 9.61% 8.41%
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 30 Sep 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

L1 Capital Long Short - Wholesale
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
94.99%
International Equities
5.04%
Cash
-0.82%
Alternatives
-0.06%
Property & Infrastructure
1.34%
Fixed Interest
-0.49%

General Information

Fund Details
Type Description
L1 Capital Long Short - Wholesale
Equity Trustees Ltd
ETL4912AU
Equity Australia Long Short
starstarstarstarstar (as at 30 Sep 2025)
Investment Fund
31 Aug 2014
$900.79 million (as at 31 Aug 2025)
$2.6975 (as at 30 Sep 2025)
$2.6895 (as at 30 Sep 2025)
Open
Offer information
Type Description
MER 4.81% (as at 1 Aug 2025)
Indirect Cost Ratio (ICR) 1.28% (as at 30 Jun 2024)
Performance fee (not included in ICR) Not Available
Minimum initial investment $500,000
Minimum additional investments $100,000

FAQs about the L1 Capital Long Short - Wholesale

The objective of the L1 Capital Long Short - Wholesale 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 - Wholesale 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 - Wholesale managed fund is ETL4912AU.

L1 Capital Long Short - Wholesale’s total return last month was 4.38%. This was made up of a growth return of 4.38% and an income return of 0%. These returns were calculated as at 30 Sep 2025.

L1 Capital Long Short - Wholesale’s total return for the last three months was 13.43%. This was made up of a growth return of 13.43% and an income return of 0%%. These returns were calculated as at 30 Sep 2025.

L1 Capital Long Short - Wholesale’s one-year total return is 18.63%. This was made up of a growth return of 18.56% and an income return of 0.07%. These returns were calculated as at 30 Sep 2025.

L1 Capital Long Short - Wholesale’s one-year total return is 18.55%. This was made up of a growth return of 18.51% and an income return of 0.04%. These returns were calculated as at 30 Sep 2025.

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

Australian Equities
73.12%
International Equities
60.38%
Cash
3.13%
Alternatives
-36.63%
Property & Infrastructure
0%
Fixed Interest
0%

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

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

As at 31 Aug 2025, the size of the L1 Capital Long Short - Wholesale managed fund was $900.79 million.

The L1 Capital Long Short - Wholesale managed fund has an inception date of 31 Aug 2014.

The current entry price of the L1 Capital Long Short - Wholesale managed fund is $2.6975 per unit and the current exit price is $2.6895 per unit (as at 30 Sep 2025).

The current exit price of the L1 Capital Long Short - Wholesale managed fund is $2.6895 per unit and the current entry price is $2.6975 per unit (as at 30 Sep 2025).

The minimum initial investment amount for the L1 Capital Long Short - Wholesale managed fund is $500,000. Minimum additional investment is $100000.

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.