WaveStone Capital Absolute Return - Managed Fund (Closed)

Fund Objective

The Fund aims to provide capital growth over the long term (at least five years) and tax effective income through investing primarily in a concentrated portfolio of Australian and New Zealand securities.

Fund Strategy

The fund invests in companies listed on the Australian and NZ stock exchanges and will operate between 0 and 100% net equity exposure. The fund's cash range is 0 - 100%

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.

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Fees Comparison

% p.a.

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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	2.96%	0.58%	0.7%	14.37%	9.86%	8.67%	8.4%	9.83%
Growth return	-3.46%	-1.5%	-3.63%	9.84%	0.6%	3.38%	2.55%	3.47%
Income return	6.42%	2.08%	4.33%	4.53%	9.26%	5.29%	5.85%	6.36%
Market index (S&P/ASX 200 TR AUD)
Total return	3.1%	7.03%	11.65%	14.74%	14.82%	13.04%	12.32%	9.87%

As at 28 Feb 2022. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

WaveStone Capital Absolute Return

Australian Equities: 108.62%

Cash: -8.62%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 93.72%

Cash: -0.78%

International Equities: 4.82%

Property & Infrastructure: 1.41%

Fixed Interest: 0.26%

Alternatives: 0.58%

General Information

Fund Details

Type	Description
Fund Name	WaveStone Capital Absolute Return (Wholesale)
Fund Status	Closed
Responsible Entity	WaveStone Capital Pty Limited
APIR Code	WCL0001AU
Sector/Asset Class	Equity Australia Long Short
Morningstar Rating	(as at 28 Feb 2022)
Legal Structure	Investment Fund
Fund Inception	5 Sep 2006
Fund Size	$31 million (as at 31 Dec 2021)
Entry Price	$1.5414 (as at 28 Feb 2022)
Exit Price	$1.5414 (as at 28 Feb 2022)
Fund Status	Finalised

Offer information

Type	Description
MER	2.07% (as at 18 Oct 2021)
Indirect Cost Ratio (ICR)	2.07% (as at 30 Jun 2021)
Performance fee (not included in ICR)	0.82
Minimum initial investment	$500,000
Minimum additional investments	$50,000
Minimum redemption amount	$50,000

FAQs about the WaveStone Capital Absolute Return

What is the objective of the WaveStone Capital Absolute Return managed fund?

The objective of the WaveStone Capital Absolute Return managed fund is The Fund aims to provide capital growth over the long term (at least five years) and tax effective income through investing primarily in a concentrated portfolio of Australian and New Zealand securities.

What is the strategy for the WaveStone Capital Absolute Return managed fund?

The strategy of the WaveStone Capital Absolute Return managed fund is The fund invests in companies listed on the Australian and NZ stock exchanges and will operate between 0 and 100% net equity exposure. The fund's cash range is 0 - 100%

What is the APIR code of the WaveStone Capital Absolute Return managed fund?

The APIR code of the WaveStone Capital Absolute Return managed fund is WCL0001AU.

What was WaveStone Capital Absolute Return’s total return last month?

WaveStone Capital Absolute Return’s total return last month was 2.96%. This was made up of a growth return of -3.46% and an income return of 6.42%. These returns were calculated as at 28 Feb 2022.

What was WaveStone Capital Absolute Return’s total return for the last three months?

WaveStone Capital Absolute Return’s total return for the last three months was 0.58%. This was made up of a growth return of -1.5% and an income return of 2.08%%. These returns were calculated as at 28 Feb 2022.

What is WaveStone Capital Absolute Return’s one-year total return?

WaveStone Capital Absolute Return’s one-year total return is 14.37%. This was made up of a growth return of 9.84% and an income return of 4.53%. These returns were calculated as at 28 Feb 2022.

What is WaveStone Capital Absolute Return’s three-year total return?

WaveStone Capital Absolute Return’s one-year total return is 8.67%. This was made up of a growth return of 3.38% and an income return of 5.29%. These returns were calculated as at 28 Feb 2022.

What is the asset allocation of the WaveStone Capital Absolute Return managed fund?

The asset allocation of the WaveStone Capital Absolute Return managed fund is :

Australian Equities: 108.62%

Cash: -8.62%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the WaveStone Capital Absolute Return managed fund?

The Responsible Entity for the WaveStone Capital Absolute Return managed fund is WaveStone Capital Pty Limited.

What sector/asset class does the WaveStone Capital Absolute Return managed fund belong to?

The WaveStone Capital Absolute Return managed fund belongs to the Equity Australia Long Short sector/asset class.

What is the size of the WaveStone Capital Absolute Return managed fund?

As at 31 Dec 2021, the size of the WaveStone Capital Absolute Return managed fund was $31 million.

What is the inception date of the WaveStone Capital Absolute Return managed fund?

The WaveStone Capital Absolute Return managed fund has an inception date of 5 Sep 2006.

What is the current entry price of the WaveStone Capital Absolute Return managed fund?

The current entry price of the WaveStone Capital Absolute Return managed fund is $1.5414 per unit and the current exit price is $1.5414 per unit (as at 28 Feb 2022).

What is the current exit price of the WaveStone Capital Absolute Return managed fund?

The current exit price of the WaveStone Capital Absolute Return managed fund is $1.5414 per unit and the current entry price is $1.5414 per unit (as at 28 Feb 2022).

What is the minimum investment amount for the WaveStone Capital Absolute Return managed fund?

The minimum initial investment amount for the WaveStone Capital Absolute Return managed fund is $500,000. Minimum additional investment is $50000.

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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