InvestSMART

Select Gottex Enhanced Market Neutral - Managed Fund (Closed)

Fund Objective
Target return of cash plus 8% (net of fees & expenses) per annum or better over 3 to 5 rolling year periods.
Fund Strategy
The fund has been structured to offer Australian domiciled investors an appropriately regulated vehicle to access Gottex's international fund of hedge fund offerings, namely the Gottex Market Neutral Funds, (which are share classes of the Gottex Value Added Fund Limited). It follows that the primary assets of the Fund will be its investments in the Gottex Market Neutral Funds. The Select Gottex Enhanced Market Neutral Fund invests in the Gottex Market Neutral 2x Leveraged Fund.

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 1.67% 5.09% 12.42% 17.92% -22.99% -14.47% -6.34% -%
Growth return 1.67% 5.09% 12.42% 17.92% -22.99% -18.43% -11.43% -%
Income return 0% 0% 0% 0% 0% 3.96% 5.09% -%
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 31 Dec 2009. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Select Gottex Enhanced Market Neutral
Alternatives
100%
Australian Equities
0%
International Equities
0%
Cash
0%
Property & Infrastructure
0%
Fixed Interest
0%
Average Allocation of Peers
Alternatives
21.95%
Australian Equities
3.95%
International Equities
6.74%
Cash
44.74%
Property & Infrastructure
1.87%
Fixed Interest
20.76%

General Information

Fund Details
Type Description
Select Gottex Enhanced Market Neutral
Closed
Select Investment Partners Limited
SLT0003AU
Alternative - Other
Not Rated
Investment Fund
1 Dec 2002
$27.79 million (as at 30 Nov 2009)
$0.6507 (as at 31 Dec 2009)
$0.6507 (as at 31 Dec 2009)
Finalised
Offer information
Type Description
MER 1.85% (as at 30 Jun 2006)
Indirect Cost Ratio (ICR) 2.70% (as at 30 Jun 2009)
Performance fee (not included in ICR) 0

FAQs about the Select Gottex Enhanced Market Neutral

The objective of the Select Gottex Enhanced Market Neutral managed fund is Target return of cash plus 8% (net of fees & expenses) per annum or better over 3 to 5 rolling year periods.

The strategy of the Select Gottex Enhanced Market Neutral managed fund is The fund has been structured to offer Australian domiciled investors an appropriately regulated vehicle to access Gottex's international fund of hedge fund offerings, namely the Gottex Market Neutral Funds, (which are share classes of the Gottex Value Added Fund Limited). It follows that the primary assets of the Fund will be its investments in the Gottex Market Neutral Funds. The Select Gottex Enhanced Market Neutral Fund invests in the Gottex Market Neutral 2x Leveraged Fund.

The APIR code of the Select Gottex Enhanced Market Neutral managed fund is SLT0003AU.

Select Gottex Enhanced Market Neutral’s total return last month was 1.67%. This was made up of a growth return of 1.67% and an income return of 0%. These returns were calculated as at 31 Dec 2009.

Select Gottex Enhanced Market Neutral’s total return for the last three months was 5.09%. This was made up of a growth return of 5.09% and an income return of 0%%. These returns were calculated as at 31 Dec 2009.

Select Gottex Enhanced Market Neutral’s one-year total return is 17.92%. This was made up of a growth return of 17.92% and an income return of 0%. These returns were calculated as at 31 Dec 2009.

Select Gottex Enhanced Market Neutral’s one-year total return is -14.47%. This was made up of a growth return of -18.43% and an income return of 3.96%. These returns were calculated as at 31 Dec 2009.

The asset allocation of the Select Gottex Enhanced Market Neutral managed fund is :

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

The Responsible Entity for the Select Gottex Enhanced Market Neutral managed fund is Select Investment Partners Limited.

The Select Gottex Enhanced Market Neutral managed fund belongs to the Alternative - Other sector/asset class.

As at 30 Nov 2009, the size of the Select Gottex Enhanced Market Neutral managed fund was $27.79 million.

The Select Gottex Enhanced Market Neutral managed fund has an inception date of 1 Dec 2002.

The current entry price of the Select Gottex Enhanced Market Neutral managed fund is $0.6507 per unit and the current exit price is $0.6507 per unit (as at 31 Dec 2009).

The current exit price of the Select Gottex Enhanced Market Neutral managed fund is $0.6507 per unit and the current entry price is $0.6507 per unit (as at 31 Dec 2009).

The minimum initial investment amount for the Select Gottex Enhanced Market Neutral managed fund is $.

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.