InvestSMART

Merricks Capital Long/Short Equity - Managed Fund (Closed)

Fund Objective
To generate consistent risk adjusted long term absolute returns.
Fund Strategy
The Merricks Capital Long/Short Equity Fund focuses on investments in the 400 largest and most liquid industrial, materials, energy and consumer discretionary/food companies in the developed markets of Asia, primarily being Australia, Japan, Hong Kong and Singapore.

Fund Performance Comparison

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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

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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 -0.59% 1.16% 1.18% 1.16% 2.89% 3.65% -% -%
Growth return -0.59% 1.16% 1.18% -3.07% -0.94% 0.49% -% -%
Income return 0% 0% 0% 4.23% 3.83% 3.16% -% -%
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 Jan 2015. 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
20.29%
Australian Equities
3.92%
International Equities
7.25%
Cash
46.34%
Property & Infrastructure
1.85%
Fixed Interest
20.35%

General Information

Fund Details
Type Description
Merricks Capital Long/Short Equity (Wholesale)
Closed
Merricks Capital Pty Limited
Alternative - Other
starstarstarstar (as at 30 Jun 2013)
Investment Fund
1 Jan 2008
n/a
$1.0761 (as at 31 Jan 2015)
$1.0761 (as at 31 Jan 2015)
Suppressed
Offer information
Type Description
Indirect Cost Ratio (ICR) 4.80% (as at 30 Jun 2015)
Performance fee (not included in ICR) 0.1
Minimum initial investment $50,000
Minimum additional investments $25,000
Minimum redemption amount $25,000

FAQs about the Merricks Capital Long/Short Equity

The objective of the Merricks Capital Long/Short Equity managed fund is To generate consistent risk adjusted long term absolute returns.

The strategy of the Merricks Capital Long/Short Equity managed fund is The Merricks Capital Long/Short Equity Fund focuses on investments in the 400 largest and most liquid industrial, materials, energy and consumer discretionary/food companies in the developed markets of Asia, primarily being Australia, Japan, Hong Kong and Singapore.

The APIR code of the Merricks Capital Long/Short Equity managed fund is .

Merricks Capital Long/Short Equity’s total return last month was -0.59%. This was made up of a growth return of -0.59% and an income return of 0%. These returns were calculated as at 31 Jan 2015.

Merricks Capital Long/Short Equity’s total return for the last three months was 1.16%. This was made up of a growth return of 1.16% and an income return of 0%%. These returns were calculated as at 31 Jan 2015.

Merricks Capital Long/Short Equity’s one-year total return is 1.16%. This was made up of a growth return of -3.07% and an income return of 4.23%. These returns were calculated as at 31 Jan 2015.

Merricks Capital Long/Short Equity’s one-year total return is 3.65%. This was made up of a growth return of 0.49% and an income return of 3.16%. These returns were calculated as at 31 Jan 2015.

The asset allocation of the Merricks Capital Long/Short Equity managed fund is :

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

The Responsible Entity for the Merricks Capital Long/Short Equity managed fund is Merricks Capital Pty Limited.

The Merricks Capital Long/Short Equity managed fund belongs to the Alternative - Other sector/asset class.

As at 31 Jan 2015, the size of the Merricks Capital Long/Short Equity managed fund was $ million.

The Merricks Capital Long/Short Equity managed fund has an inception date of 1 Jan 2008.

The current entry price of the Merricks Capital Long/Short Equity managed fund is $1.0761 per unit and the current exit price is $1.0761 per unit (as at 31 Jan 2015).

The current exit price of the Merricks Capital Long/Short Equity managed fund is $1.0761 per unit and the current entry price is $1.0761 per unit (as at 31 Jan 2015).

The minimum initial investment amount for the Merricks Capital Long/Short Equity managed fund is $50,000. 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.