Riparian Water Wholesale Fdr AUD Unhedged - Managed Fund

Fund Objective

The fund has a target return of between 10% and 12% (net of fees, pre-tax) per annum including an average distribution of between 4% and 6% per annum.

Fund Strategy

The Fund owns and manages a diversified portfolio of Australian water entitlements, the limiting and non-substitutable input into Australian agricuture.

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

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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	0.08%	0.64%	3.47%	4.53%	4.42%	1.79%	5.05%	-%
Growth return	0.19%	0.94%	1.95%	2.03%	0.96%	-0.68%	2.46%	-%
Income return	-0.11%	-0.3%	1.52%	2.5%	3.46%	2.47%	2.59%	-%
Market index (RBA Bank accepted Bills 90 Days)
Total return	0.29%	0.88%	1.8%	3.88%	4.14%	4.05%	2.7%	2.09%

As at 30 Nov 2025. 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: 3.91%

International Equities: 7.32%

Cash: 46.24%

Property & Infrastructure: 1.87%

Fixed Interest: 20.38%

General Information

Fund Details

Type	Description
Fund Name	Riparian Water Wholesale Fdr AUD Unhedged
Responsible Entity	Pinnacle Fund Services Limited
APIR Code	WHT6236AU
Sector/Asset Class	Miscellaneous
Morningstar Rating	Not Rated
Legal Structure	Investment Fund
Fund Inception	1 Aug 2020
Fund Size	$6.71 million (as at 30 Sep 2021)
Entry Price	$1.14107 (as at 30 Nov 2025)
Exit Price	$1.12971 (as at 30 Nov 2025)
Fund Status	Open

Offer information

Type	Description
MER	1.50% (as at 1 Oct 2024)
Indirect Cost Ratio (ICR)	1.54% (as at 30 Jun 2024)
Performance fee (not included in ICR)	Not Available
Minimum initial investment	$50,000
Minimum additional investments	$25,000

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FAQs about the Riparian Water Wholesale Fdr AUD Unhedged

What is the objective of the Riparian Water Wholesale Fdr AUD Unhedged managed fund?

The objective of the Riparian Water Wholesale Fdr AUD Unhedged managed fund is The fund has a target return of between 10% and 12% (net of fees, pre-tax) per annum including an average distribution of between 4% and 6% per annum.

What is the strategy for the Riparian Water Wholesale Fdr AUD Unhedged managed fund?

The strategy of the Riparian Water Wholesale Fdr AUD Unhedged managed fund is The Fund owns and manages a diversified portfolio of Australian water entitlements, the limiting and non-substitutable input into Australian agricuture.

What is the APIR code of the Riparian Water Wholesale Fdr AUD Unhedged managed fund?

The APIR code of the Riparian Water Wholesale Fdr AUD Unhedged managed fund is WHT6236AU.

What was Riparian Water Wholesale Fdr AUD Unhedged’s total return last month?

Riparian Water Wholesale Fdr AUD Unhedged’s total return last month was 0.08%. This was made up of a growth return of 0.19% and an income return of -0.11%. These returns were calculated as at 30 Nov 2025.

What was Riparian Water Wholesale Fdr AUD Unhedged’s total return for the last three months?

Riparian Water Wholesale Fdr AUD Unhedged’s total return for the last three months was 0.64%. This was made up of a growth return of 0.94% and an income return of -0.3%%. These returns were calculated as at 30 Nov 2025.

What is Riparian Water Wholesale Fdr AUD Unhedged’s one-year total return?

Riparian Water Wholesale Fdr AUD Unhedged’s one-year total return is 4.53%. This was made up of a growth return of 2.03% and an income return of 2.5%. These returns were calculated as at 30 Nov 2025.

What is Riparian Water Wholesale Fdr AUD Unhedged’s three-year total return?

Riparian Water Wholesale Fdr AUD Unhedged’s one-year total return is 1.79%. This was made up of a growth return of -0.68% and an income return of 2.47%. These returns were calculated as at 30 Nov 2025.

What is the asset allocation of the Riparian Water Wholesale Fdr AUD Unhedged managed fund?

The asset allocation of the Riparian Water Wholesale Fdr AUD Unhedged managed fund is :

Alternatives: 100%

Australian Equities: 0%

International Equities: 0%

Cash: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Who is the responsible Entity of the Riparian Water Wholesale Fdr AUD Unhedged managed fund?

The Responsible Entity for the Riparian Water Wholesale Fdr AUD Unhedged managed fund is Pinnacle Fund Services Limited.

What sector/asset class does the Riparian Water Wholesale Fdr AUD Unhedged managed fund belong to?

The Riparian Water Wholesale Fdr AUD Unhedged managed fund belongs to the Miscellaneous sector/asset class.

What is the size of the Riparian Water Wholesale Fdr AUD Unhedged managed fund?

As at 30 Sep 2021, the size of the Riparian Water Wholesale Fdr AUD Unhedged managed fund was $6.71 million.

What is the inception date of the Riparian Water Wholesale Fdr AUD Unhedged managed fund?

The Riparian Water Wholesale Fdr AUD Unhedged managed fund has an inception date of 1 Aug 2020.

What is the current entry price of the Riparian Water Wholesale Fdr AUD Unhedged managed fund?

The current entry price of the Riparian Water Wholesale Fdr AUD Unhedged managed fund is $1.14107 per unit and the current exit price is $1.12971 per unit (as at 30 Nov 2025).

What is the current exit price of the Riparian Water Wholesale Fdr AUD Unhedged managed fund?

The current exit price of the Riparian Water Wholesale Fdr AUD Unhedged managed fund is $1.12971 per unit and the current entry price is $1.14107 per unit (as at 30 Nov 2025).

What is the minimum investment amount for the Riparian Water Wholesale Fdr AUD Unhedged managed fund?

The minimum initial investment amount for the Riparian Water Wholesale Fdr AUD Unhedged 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.

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