InvestSMART

Permal Absolute Return - Managed Fund (Closed)

Fund Objective
The objective of the trust is to achieve an Absolute Return of the UBSA 90 Day Bank Bill Index plus 5% p.a. by investing in the Feeder Fund (Australian dollar nil fee class of units).
Fund Strategy
The Trust invests primarily in the Feeder Fund, and holds the residual assets in cash. The Feeder Fund invests in the Master Fund which holds a geographically diversified portfolio of hedge funds. Typically the portfolio will include in excess of 20 hedge funds, spot and forward exchange contracts, Derivatives, cash and cash equivalents.

Fund Performance Comparison

Relative Fund Performance vs {{ fund.benchmark.peers.peerCount }} peers using {{ fund.benchmark.name }} as their benchmark.

{{ fund.name }}
Peers
Benchmark ({{ fund.benchmark.name }})
{{ fund.model.name }}
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.
grow your money
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns.
Free Fees Report
investing
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers.
Free investor guide
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns. Free Fees Report
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers. Free investor guide

Fees Comparison

{{ fund.mer | number:2 }}
% p.a.
{{ fund.name }}
{{ modelPortfolio.mer * 100 | number:2 }}
% p.a.
{{ modelPortfolio.name }}
{{ fund.benchmark.peers.mer * 100 | number:2 }}
% p.a.
Average of peers ({{ fund.benchmark.peers.peerCount }})
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.
Upsell Banner

Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return -1.7% 1.01% -4.96% -7.73% 0.48% 3.98% 4.86% -%
Growth return -1.7% 1.01% -4.96% -7.73% 0.47% 3.39% 4.5% -%
Income return 0% 0% 0% 0% 0.01% 0.59% 0.36% -%
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 30 Jun 2016. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Permal Absolute Return
Cash
0.59%
Alternatives
99.41%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Average Allocation of Peers
Cash
46.38%
Alternatives
20.74%
Australian Equities
3.91%
International Equities
6.74%
Property & Infrastructure
1.87%
Fixed Interest
20.36%

General Information

Fund Details
Type Description
Permal Absolute Return (Wholesale)
Closed
Equity Trustees Ltd
ETL0144AU
Alternative - Multistrategy
Not Rated
Investment Fund
14 Sep 2007
$922.09 million (as at 31 May 2015)
$1.4329 (as at 30 Jun 2016)
$1.4329 (as at 30 Jun 2016)
Suppressed
Offer information
Type Description
Indirect Cost Ratio (ICR) 1.20% (as at 30 Jun 2015)
Minimum initial investment $500,000
Minimum additional investments

FAQs about the Permal Absolute Return

The objective of the Permal Absolute Return managed fund is The objective of the trust is to achieve an Absolute Return of the UBSA 90 Day Bank Bill Index plus 5% p.a. by investing in the Feeder Fund (Australian dollar nil fee class of units).

The strategy of the Permal Absolute Return managed fund is The Trust invests primarily in the Feeder Fund, and holds the residual assets in cash. The Feeder Fund invests in the Master Fund which holds a geographically diversified portfolio of hedge funds. Typically the portfolio will include in excess of 20 hedge funds, spot and forward exchange contracts, Derivatives, cash and cash equivalents.

The APIR code of the Permal Absolute Return managed fund is ETL0144AU.

Permal Absolute Return’s total return last month was -1.7%. This was made up of a growth return of -1.7% and an income return of 0%. These returns were calculated as at 30 Jun 2016.

Permal Absolute Return’s total return for the last three months was 1.01%. This was made up of a growth return of 1.01% and an income return of 0%%. These returns were calculated as at 30 Jun 2016.

Permal Absolute Return’s one-year total return is -7.73%. This was made up of a growth return of -7.73% and an income return of 0%. These returns were calculated as at 30 Jun 2016.

Permal Absolute Return’s one-year total return is 3.98%. This was made up of a growth return of 3.39% and an income return of 0.59%. These returns were calculated as at 30 Jun 2016.

The asset allocation of the Permal Absolute Return managed fund is :

Cash
0.59%
Alternatives
99.41%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%

The Responsible Entity for the Permal Absolute Return managed fund is Equity Trustees Ltd.

The Permal Absolute Return managed fund belongs to the Alternative - Multistrategy sector/asset class.

As at 31 May 2015, the size of the Permal Absolute Return managed fund was $922.09 million.

The Permal Absolute Return managed fund has an inception date of 14 Sep 2007.

The current entry price of the Permal Absolute Return managed fund is $1.4329 per unit and the current exit price is $1.4329 per unit (as at 30 Jun 2016).

The current exit price of the Permal Absolute Return managed fund is $1.4329 per unit and the current entry price is $1.4329 per unit (as at 30 Jun 2016).

The minimum initial investment amount for the Permal Absolute Return managed fund is $500,000. Minimum additional investment is $0.

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.