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  5. Merricks Capital Soft Commodities - Managed fund profile

Merricks Capital Soft Commodities - Managed Fund (Closed)

Fund Objective
The Fund focuses on soft commodities and allows investors to get exposure to soft commodities such as grains, oilseeds, vegetable oils, dairy, cotton, sugar and livestock. The Fund generally focuses on relative value investment opportunities along the food supply chain, favouring long commodities/geographies that Merricks believes are in scarce supply and shorting commodities/geographies that Merricks believes are in excess supply.
Fund Strategy
The Fund implements its investment strategy ('Strategy') by investing in the non-voting redeemable participating Australian dollar denominated shares issued by the Merricks Capital Soft Commodities Feeder Fund ('Offshore Fund') which in turn implements its investment strategy by investing in the non-voting redeemable participating Australian dollar denominated shares issued by the Merricks Capital Soft Commodities Master Fund ('Master Fund').

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 1.33% -0.37% -0.78% -4.07% -3.61% -0.86% 1.5% -%
Growth return 1.33% -0.37% -0.78% -4.07% -3.61% -3.48% -1.06% -%
Income return 0% 0% 0% 0% 0% 2.62% 2.56% -%
Market index (Morningstar Long-Only Commodity TR AUD)
Total return 7.31% 15.54% 26.62% 41.74% 1.8% 2.09% 3.54% -1.44%
As at 30 Nov 2016. 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
87.45%
International Equities
11.11%
Cash
1.44%

General Information

Fund Details
Type Description
Merricks Capital Soft Commodities (Wholesale)
Closed
Merricks Capital Pty Limited
MER0002AU
Commodities & Precious Metals
Not Rated
Investment Fund
1 Jan 2008
$7.66 million (as at 30 Nov 2016)
$0.963 (as at 30 Nov 2016)
$0.963 (as at 30 Nov 2016)
Suppressed
Offer information
Type Description
Indirect Cost Ratio (ICR) - Estimated 0.71% (as at 30 Jun 2015) (Estimated)
Performance fee (included in ICR) 0
Minimum initial investment $50,000
Minimum additional investments $25,000
Minimum redemption amount $25,000

FAQs about the Merricks Capital Soft Commodities

The objective of the Merricks Capital Soft Commodities managed fund is The Fund focuses on soft commodities and allows investors to get exposure to soft commodities such as grains, oilseeds, vegetable oils, dairy, cotton, sugar and livestock. The Fund generally focuses on relative value investment opportunities along the food supply chain, favouring long commodities/geographies that Merricks believes are in scarce supply and shorting commodities/geographies that Merricks believes are in excess supply.

The strategy of the Merricks Capital Soft Commodities managed fund is The Fund implements its investment strategy ('Strategy') by investing in the non-voting redeemable participating Australian dollar denominated shares issued by the Merricks Capital Soft Commodities Feeder Fund ('Offshore Fund') which in turn implements its investment strategy by investing in the non-voting redeemable participating Australian dollar denominated shares issued by the Merricks Capital Soft Commodities Master Fund ('Master Fund').

The APIR code of the Merricks Capital Soft Commodities managed fund is MER0002AU.

Merricks Capital Soft Commodities’s total return last month was 1.33%. This was made up of a growth return of 1.33% and an income return of 0%. These returns were calculated as at 30 Nov 2016.

Merricks Capital Soft Commodities’s total return for the last three months was -0.37%. This was made up of a growth return of -0.37% and an income return of 0%%. These returns were calculated as at 30 Nov 2016.

Merricks Capital Soft Commodities’s one-year total return is -4.07%. This was made up of a growth return of -4.07% and an income return of 0%. These returns were calculated as at 30 Nov 2016.

Merricks Capital Soft Commodities’s one-year total return is -0.86%. This was made up of a growth return of -3.48% and an income return of 2.62%. These returns were calculated as at 30 Nov 2016.

The asset allocation of the Merricks Capital Soft Commodities managed fund is :

Alternatives
100%
International Equities
0%
Cash
0%

The Responsible Entity for the Merricks Capital Soft Commodities managed fund is Merricks Capital Pty Limited.

The Merricks Capital Soft Commodities managed fund belongs to the Commodities & Precious Metals sector/asset class.

As at 30 Nov 2016, the size of the Merricks Capital Soft Commodities managed fund was $7.66 million.

The Merricks Capital Soft Commodities managed fund has an inception date of 1 Jan 2008.

The current entry price of the Merricks Capital Soft Commodities managed fund is $0.963 per unit and the current exit price is $0.963 per unit (as at 30 Nov 2016).

The current exit price of the Merricks Capital Soft Commodities managed fund is $0.963 per unit and the current entry price is $0.963 per unit (as at 30 Nov 2016).

The minimum initial investment amount for the Merricks Capital Soft Commodities 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.