InvestSMART

Lucerne Alternative Investments 2 - Managed Fund

Fund Objective
The Fund aims to achieve an annual absolute return of 6% or more above the RBA cash rate after fees; over rolling 5 year periods. Volatility of the return is expected to be lower than that of equity markets and with a consistent return over 5 year periods. This objective is only an indication of what the Fund aims to achieve over the long term and Fund may not be successful in meeting this objective.
Fund Strategy
The Fund will invest in other funds. There are allocation limits placed on asset classes and strategies of the underlying funds. The Fund is also able to invest directly in primary and secondary market securities and derivatives.

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 1.4% 3.2% 0.23% 2.28% 3.72% 4.64% 8.41% -%
Growth return 1.4% -1.69% -4.52% -2.56% 0.57% -0.21% 0.98% -%
Income return 0% 4.89% 4.75% 4.84% 3.15% 4.85% 7.43% -%
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.29% 0.9% 1.85% 4.02% 4.2% 4.02% 2.58% 2.07%
As at 31 Aug 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

No asset allocation data available.
Average Allocation of Peers
Alternatives
21.95%
Australian Equities
3.95%
International Equities
6.74%
Cash
44.74%
Property & Infrastructure
1.87%
Fixed Interest
20.76%

General Information

Fund Details
Type Description
Lucerne Alternative Investments 2
The Trust Company (RE Services) Limited
PIM1923AU
Alternative - Multistrategy
Not Rated
Investment Fund
30 Nov 2017
$69.13 million (as at 30 Jun 2024)
$1.1889 (as at 31 Aug 2025)
$1.1842 (as at 31 Aug 2025)
Open
Offer information
Type Description
MER 2.15% (as at 9 May 2024)
Indirect Cost Ratio (ICR) 2.15% (as at 30 Jun 2024)
Performance fee (not included in ICR) Not Available
Minimum initial investment $25,000
Minimum additional investments $25,000

FAQs about the Lucerne Alternative Investments 2

The objective of the Lucerne Alternative Investments 2 managed fund is The Fund aims to achieve an annual absolute return of 6% or more above the RBA cash rate after fees; over rolling 5 year periods. Volatility of the return is expected to be lower than that of equity markets and with a consistent return over 5 year periods. This objective is only an indication of what the Fund aims to achieve over the long term and Fund may not be successful in meeting this objective.

The strategy of the Lucerne Alternative Investments 2 managed fund is The Fund will invest in other funds. There are allocation limits placed on asset classes and strategies of the underlying funds. The Fund is also able to invest directly in primary and secondary market securities and derivatives.

The APIR code of the Lucerne Alternative Investments 2 managed fund is PIM1923AU.

Lucerne Alternative Investments 2’s total return last month was 1.4%. This was made up of a growth return of 1.4% and an income return of 0%. These returns were calculated as at 31 Aug 2025.

Lucerne Alternative Investments 2’s total return for the last three months was 3.2%. This was made up of a growth return of -1.69% and an income return of 4.89%%. These returns were calculated as at 31 Aug 2025.

Lucerne Alternative Investments 2’s one-year total return is 2.28%. This was made up of a growth return of -2.56% and an income return of 4.84%. These returns were calculated as at 31 Aug 2025.

Lucerne Alternative Investments 2’s one-year total return is 4.64%. This was made up of a growth return of -0.21% and an income return of 4.85%. These returns were calculated as at 31 Aug 2025.

The asset allocation of the Lucerne Alternative Investments 2 managed fund is :

Alternatives
100%
Australian Equities
0%
International Equities
0%
Cash
0%
Property & Infrastructure
0%
Fixed Interest
0%

The Responsible Entity for the Lucerne Alternative Investments 2 managed fund is The Trust Company (RE Services) Limited.

The Lucerne Alternative Investments 2 managed fund belongs to the Alternative - Multistrategy sector/asset class.

As at 30 Jun 2024, the size of the Lucerne Alternative Investments 2 managed fund was $69.13 million.

The Lucerne Alternative Investments 2 managed fund has an inception date of 30 Nov 2017.

The current entry price of the Lucerne Alternative Investments 2 managed fund is $1.1889 per unit and the current exit price is $1.1842 per unit (as at 31 Aug 2025).

The current exit price of the Lucerne Alternative Investments 2 managed fund is $1.1842 per unit and the current entry price is $1.1889 per unit (as at 31 Aug 2025).

The minimum initial investment amount for the Lucerne Alternative Investments 2 managed fund is $25,000. Minimum additional investment is $25000.

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.