InvestSMART

The Absolute Return Fund (Wholesale) - Managed Fund (Closed)

Fund Objective
The Fund aims to deliver consistent high risk-adjusted returns while maintaining low volatility and exhibiting a low correlation to traditional asset classes over the medium to long term.
Fund Strategy
A globally diversified multi-manager, multi strategy fund of hedge fund. The Absolute Return Fund (Wholesale) is a globally diversified multi-manager, multi strategy hedge fund portfolio. The Fund is an Australian managed investment scheme, structured and managed with the objective of having a low level of market directional exposure. The Fund invests in a diversified portfolio of between 15 and 25 specialist managers across all the major absolute return strategies.

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 0.87% 2.12% -% -% 11.29% 9.52% -% -%
Growth return 0.87% 2.12% 4.39% -11.85% -11.36% -9.44% -% -%
Income return 0% 0% -% -% 22.65% 18.96% -% -%
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.3% 0.92% 1.82% 3.76% 4.06% 4.09% 2.88% 2.13%
As at 28 Feb 2005. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

The Absolute Return Fund (Wholesale)
Alternatives
100%
Australian Equities
0%
International Equities
0%
Cash
0%
Property & Infrastructure
0%
Fixed Interest
0%
Average Allocation of Peers
Alternatives
18.53%
Australian Equities
4.93%
International Equities
2.99%
Cash
55.79%
Property & Infrastructure
1.98%
Fixed Interest
15.78%

General Information

Fund Details
Type Description
The Absolute Return Fund (Wholesale) (Wholesale)
Closed
Absolute Capital Limited
ABS0002AU
Alternative - Other
Not Rated
Investment Fund
1 Jun 2001
$51.64 million (as at 31 Jan 2005)
$0.7568 (as at 28 Feb 2005)
$0.7567 (as at 28 Feb 2005)
Finalised
Offer information
Type Description
MER 2.19% (as at 30 Jun 2003)
Minimum initial investment $500,000
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FAQs about the The Absolute Return Fund (Wholesale)

The objective of the The Absolute Return Fund (Wholesale) managed fund is The Fund aims to deliver consistent high risk-adjusted returns while maintaining low volatility and exhibiting a low correlation to traditional asset classes over the medium to long term.

The strategy of the The Absolute Return Fund (Wholesale) managed fund is A globally diversified multi-manager, multi strategy fund of hedge fund. The Absolute Return Fund (Wholesale) is a globally diversified multi-manager, multi strategy hedge fund portfolio. The Fund is an Australian managed investment scheme, structured and managed with the objective of having a low level of market directional exposure. The Fund invests in a diversified portfolio of between 15 and 25 specialist managers across all the major absolute return strategies.

The APIR code of the The Absolute Return Fund (Wholesale) managed fund is ABS0002AU.

The Absolute Return Fund (Wholesale)’s total return last month was 0.87%. This was made up of a growth return of 0.87% and an income return of 0%. These returns were calculated as at 28 Feb 2005.

The Absolute Return Fund (Wholesale)’s total return for the last three months was 2.12%. This was made up of a growth return of 2.12% and an income return of 0%%. These returns were calculated as at 28 Feb 2005.

The Absolute Return Fund (Wholesale)’s one-year total return is -%. This was made up of a growth return of -11.85% and an income return of -%. These returns were calculated as at 28 Feb 2005.

The Absolute Return Fund (Wholesale)’s one-year total return is 9.52%. This was made up of a growth return of -9.44% and an income return of 18.96%. These returns were calculated as at 28 Feb 2005.

The asset allocation of the The Absolute Return Fund (Wholesale) managed fund is :

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

The Responsible Entity for the The Absolute Return Fund (Wholesale) managed fund is Absolute Capital Limited.

The The Absolute Return Fund (Wholesale) managed fund belongs to the Alternative - Other sector/asset class.

As at 31 Jan 2005, the size of the The Absolute Return Fund (Wholesale) managed fund was $51.64 million.

The The Absolute Return Fund (Wholesale) managed fund has an inception date of 1 Jun 2001.

The current entry price of the The Absolute Return Fund (Wholesale) managed fund is $0.7568 per unit and the current exit price is $0.7567 per unit (as at 28 Feb 2005).

The current exit price of the The Absolute Return Fund (Wholesale) managed fund is $0.7567 per unit and the current entry price is $0.7568 per unit (as at 28 Feb 2005).

The minimum initial investment amount for the The Absolute Return Fund (Wholesale) managed fund is $500,000.

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.