Rubicon Australia Fund Wholesale - Managed Fund (Closed)

The objective of the Rubicon Australia Fund Wholesale managed fund is The Rubicon Australia Fund (the Fund) seeks to provide investors with consistent long term and low to moderate risk absolute returns, having a low correlation with the Australian stock market, by investing in a market neutral portfolio of Australian equities.

The strategy of the Rubicon Australia Fund Wholesale managed fund is Through a process of active stock selection, the Fund seeks to hold long positions in companies that will out-perform and short positions in companies that will under-perform. The fund's long and short positions broadly offset each other in terms of dollar value, market and stock correlations, company size, industry sector and investment style. By simultaneously controlling for risk along these key dimensions, overall market neutrality is achieved.

The APIR code of the Rubicon Australia Fund Wholesale managed fund is RCP0005AU.

Rubicon Australia Fund Wholesale’s total return last month was -1.18%. This was made up of a growth return of -1.18% and an income return of 0%. These returns were calculated as at 31 Mar 2006.

Rubicon Australia Fund Wholesale’s total return for the last three months was -1.48%. This was made up of a growth return of -1.48% and an income return of 0%%. These returns were calculated as at 31 Mar 2006.

Rubicon Australia Fund Wholesale’s one-year total return is -0.21%. This was made up of a growth return of -3.58% and an income return of 3.37%. These returns were calculated as at 31 Mar 2006.

Rubicon Australia Fund Wholesale’s one-year total return is 3.89%. This was made up of a growth return of 2.71% and an income return of 1.18%. These returns were calculated as at 31 Mar 2006.

The asset allocation of the Rubicon Australia Fund Wholesale managed fund is :

The Responsible Entity for the Rubicon Australia Fund Wholesale managed fund is Rubicon Asset Management Limited.

The Rubicon Australia Fund Wholesale managed fund belongs to the Equity Australia Large Blend sector/asset class.

As at 31 Mar 2006, the size of the Rubicon Australia Fund Wholesale managed fund was $15.3 million.

The Rubicon Australia Fund Wholesale managed fund has an inception date of 18 Feb 2003.

The current entry price of the Rubicon Australia Fund Wholesale managed fund is $1.1277 per unit and the current exit price is $1.1165 per unit (as at 31 Mar 2006).

The current exit price of the Rubicon Australia Fund Wholesale managed fund is $1.1165 per unit and the current entry price is $1.1277 per unit (as at 31 Mar 2006).

The minimum initial investment amount for the Rubicon Australia Fund Wholesale managed fund is $500,000.