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  5. Neuberger Berman Absolute Return Multi Strategy - Managed fund profile

Neuberger Berman Absolute Return Multi Strategy - Managed Fund (Closed)

Fund Objective
The Trust aims to achieve an annualized net of fees return of 4% to 6% above the cash rate set by the Reserve Bank of Australia, with a volatility of 3% to 5% over a 3-year to 5-year time period.
Fund Strategy
The Trust is exposed to a variety of alternative investment strategies, including long/short equity, event-driven (stressed and distressed debt, merger (risk) arbitrage and equity restructuring), capital structure arbitrage, credit long/short, asset-backed securities, managed futures, global macro and equity market neutral.

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 3.64% -0.91% -2.77% -3.96% 0.13% 1.87% -% -%
Growth return 3.64% -0.91% -2.77% -3.96% 0.13% 1.87% -% -%
Income return 0% 0% 0% 0% 0% 0% -% -%
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.36% 1.07% 2.15% 4.21% 3.33% 2.23% 1.56% 1.82%
As at 31 Jan 2019. 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
19.95%
Australian Equities
5.98%
International Equities
9.98%
Cash
46.42%
Property
2.07%
Fixed Interest
15.60%

General Information

Fund Details
Type Description
Neuberger Berman Absolute Return Multi Strategy (Wholesale)
Closed
OneVue RE Services Limited
SLT0043AU
Alternative - Multistrategy
Not Rated
Investment Fund
18 Jul 2014
$7.08 million (as at 31 Jan 2019)
$0.9948 (as at 4 Feb 2019)
$0.9948 (as at 4 Feb 2019)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) 1.05% (as at 30 Jun 2015)
Minimum initial investment $50,000
Minimum additional investments $5,000.00
Minimum redemption amount $5,000.00

Top 10 holdings (as at 30 Jun 2022)

Holding (as at 30 Jun 2022) Type % of Portfolio
Us Dollars Cash - Currency 94.21%
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FAQs about the Neuberger Berman Absolute Return Multi Strategy

The objective of the Neuberger Berman Absolute Return Multi Strategy managed fund is The Trust aims to achieve an annualized net of fees return of 4% to 6% above the cash rate set by the Reserve Bank of Australia, with a volatility of 3% to 5% over a 3-year to 5-year time period.

The strategy of the Neuberger Berman Absolute Return Multi Strategy managed fund is The Trust is exposed to a variety of alternative investment strategies, including long/short equity, event-driven (stressed and distressed debt, merger (risk) arbitrage and equity restructuring), capital structure arbitrage, credit long/short, asset-backed securities, managed futures, global macro and equity market neutral.

The APIR code of the Neuberger Berman Absolute Return Multi Strategy managed fund is SLT0043AU.

Neuberger Berman Absolute Return Multi Strategy’s total return last month was 3.64%. This was made up of a growth return of 3.64% and an income return of 0%. These returns were calculated as at 31 Jan 2019.

Neuberger Berman Absolute Return Multi Strategy’s total return for the last three months was -0.91%. This was made up of a growth return of -0.91% and an income return of 0%%. These returns were calculated as at 31 Jan 2019.

Neuberger Berman Absolute Return Multi Strategy’s one-year total return is -3.96%. This was made up of a growth return of -3.96% and an income return of 0%. These returns were calculated as at 31 Jan 2019.

Neuberger Berman Absolute Return Multi Strategy’s one-year total return is 1.87%. This was made up of a growth return of 1.87% and an income return of 0%. These returns were calculated as at 31 Jan 2019.

The asset allocation of the Neuberger Berman Absolute Return Multi Strategy managed fund is :

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

The Responsible Entity for the Neuberger Berman Absolute Return Multi Strategy managed fund is OneVue RE Services Limited.

The Neuberger Berman Absolute Return Multi Strategy managed fund belongs to the Alternative - Multistrategy sector/asset class.

As at 31 Jan 2019, the size of the Neuberger Berman Absolute Return Multi Strategy managed fund was $7.08 million.

The Neuberger Berman Absolute Return Multi Strategy managed fund has an inception date of 18 Jul 2014.

The current entry price of the Neuberger Berman Absolute Return Multi Strategy managed fund is $0.9948 per unit and the current exit price is $0.9948 per unit (as at 4 Feb 2019).

The current exit price of the Neuberger Berman Absolute Return Multi Strategy managed fund is $0.9948 per unit and the current entry price is $0.9948 per unit (as at 4 Feb 2019).

The minimum initial investment amount for the Neuberger Berman Absolute Return Multi Strategy managed fund is $50,000. Minimum additional investment is $5000.

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.