PCS Australian Absolute Return Founders - Managed Fund (Closed)

Fund Objective

The Fund targets absolute returns of greather than 10% over 3-5 year periods net of fees with a volatility lower than the ASX 200. Drawdowns are expected to be at least half of the ASX 200 decline over similar periods.

Fund Strategy

The Fund utilises a relative value investment strategy by trading Directional Equity Volatility (Long and Short), listed and OTC derivatives, focusing on ASX 200 derivatives and some offshore opportunities when presented. In executing the Fund's strategy, the Investment Manager seeks to monetise the difference between the implied and realised volatility of ASX 200 equities while minimizing the tail risks of such an approach.

Fund Performance Comparison

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Peers

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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.

Fees Comparison

% p.a.

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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.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	0.31%	5.12%	2.14%	-3.1%	-%	-%	-%	-%
Growth return	0.31%	5.12%	2.14%	-3.1%	-%	-%	-%	-%
Income return	0%	0%	0%	0%	-%	-%	-%	-%
Market index (RBA Bank accepted Bills 90 Days)
Total return	0.35%	1%	1.93%	3.79%	4.06%	4.13%	3.03%	2.16%

As at 31 Jan 2021. 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: 19.22%

Australian Equities: 4.80%

International Equities: 2.78%

Cash: 55.81%

Property & Infrastructure: 1.92%

Fixed Interest: 15.47%

General Information

Fund Details

Type	Description
Fund Name	PCS Australian Absolute Return Founders
Fund Status	Closed
APIR Code	PCS9867AU
Sector/Asset Class	Alternative - Other
Morningstar Rating	Not Rated
Legal Structure	Investment Fund
Fund Inception	3 Dec 2019
Fund Size	n/a
Entry Price	$0.983 (as at 26 Feb 2021)
Exit Price	$0.983 (as at 26 Feb 2021)
Fund Status	Finalised

Offer information

Type	Description
Minimum initial investment	$250,000
Minimum additional investments	$50,000

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FAQs about the PCS Australian Absolute Return Founders

What is the objective of the PCS Australian Absolute Return Founders managed fund?

The objective of the PCS Australian Absolute Return Founders managed fund is The Fund targets absolute returns of greather than 10% over 3-5 year periods net of fees with a volatility lower than the ASX 200. Drawdowns are expected to be at least half of the ASX 200 decline over similar periods.

What is the strategy for the PCS Australian Absolute Return Founders managed fund?

The strategy of the PCS Australian Absolute Return Founders managed fund is The Fund utilises a relative value investment strategy by trading Directional Equity Volatility (Long and Short), listed and OTC derivatives, focusing on ASX 200 derivatives and some offshore opportunities when presented. In executing the Fund's strategy, the Investment Manager seeks to monetise the difference between the implied and realised volatility of ASX 200 equities while minimizing the tail risks of such an approach.

What is the APIR code of the PCS Australian Absolute Return Founders managed fund?

The APIR code of the PCS Australian Absolute Return Founders managed fund is PCS9867AU.

What was PCS Australian Absolute Return Founders’s total return last month?

PCS Australian Absolute Return Founders’s total return last month was 0.31%. This was made up of a growth return of 0.31% and an income return of 0%. These returns were calculated as at 31 Jan 2021.

What was PCS Australian Absolute Return Founders’s total return for the last three months?

PCS Australian Absolute Return Founders’s total return for the last three months was 5.12%. This was made up of a growth return of 5.12% and an income return of 0%%. These returns were calculated as at 31 Jan 2021.

What is PCS Australian Absolute Return Founders’s one-year total return?

PCS Australian Absolute Return Founders’s one-year total return is -3.1%. This was made up of a growth return of -3.1% and an income return of 0%. These returns were calculated as at 31 Jan 2021.

What is PCS Australian Absolute Return Founders’s three-year total return?

PCS Australian Absolute Return Founders’s one-year total return is -%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 31 Jan 2021.

What is the asset allocation of the PCS Australian Absolute Return Founders managed fund?

The asset allocation of the PCS Australian Absolute Return Founders managed fund is :

Alternatives: 100%

Australian Equities: 0%

International Equities: 0%

Cash: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

What sector/asset class does the PCS Australian Absolute Return Founders managed fund belong to?

The PCS Australian Absolute Return Founders managed fund belongs to the Alternative - Other sector/asset class.

What is the size of the PCS Australian Absolute Return Founders managed fund?

As at , the size of the PCS Australian Absolute Return Founders managed fund was $ million.

What is the inception date of the PCS Australian Absolute Return Founders managed fund?

The PCS Australian Absolute Return Founders managed fund has an inception date of 3 Dec 2019.

What is the current entry price of the PCS Australian Absolute Return Founders managed fund?

The current entry price of the PCS Australian Absolute Return Founders managed fund is $0.983 per unit and the current exit price is $0.983 per unit (as at 26 Feb 2021).

What is the current exit price of the PCS Australian Absolute Return Founders managed fund?

The current exit price of the PCS Australian Absolute Return Founders managed fund is $0.983 per unit and the current entry price is $0.983 per unit (as at 26 Feb 2021).

What is the minimum investment amount for the PCS Australian Absolute Return Founders managed fund?

The minimum initial investment amount for the PCS Australian Absolute Return Founders managed fund is $250,000. Minimum additional investment is $50000.

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.

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