Fund

Bennelong Kardinia Absolute Return Fund

The Bennelong Kardinia Absolute Return Fund is a long/short Australian equity fund, with the long-term objective of achieving returns in excess of 10% per annum through an investment cycle, with an overarching philosophy of capital protection.

Core to the strategy is fundamental stock selection to create a high conviction portfolio of between 20-50 stocks.

(There is no guarantee that this objective will be achieved, it is only an indication of the intended target return.)

APIR code

BFL0010AU

Benchmark

RBA Cash Rate

Portfolio managers

Mark Burgess & Kristiaan Rehder

Stock range

20-50

Active stock limit

10%

Client risk profile

Growth

Investment team

Kardinia Capital

Responsible Entity

Bennelong Funds Management Ltd
AFSL 296806
Level 1, 9 Queen St, Melbourne

Recommended investment period

Long term (minimum five years)

Inception date

1 May 2006*

*The Bennelong Kardinia Absolute Return Fund was launched on 1 May 2006 by another trustee, and performance data relates to this strategy. Bennelong Funds Management Ltd assumed responsibility as replacement trustee on 16 August 2011. 

Fees and charges

Management fee: 1.5375% p.a. (including GST net of reduced input tax credits) of Net Asset Value calculated daily and paid monthly

Performance fee: 20.5% (including GST net of reduced input tax credits) of the investment returns made in excess of the daily official RBA Cash Rate, calculated daily and paid semi-annually

Investment amount

Initial investment minimum: $20,000

Withdrawal minimum: $10,000

Minimum additional investment: $10,000

Subject to the Responsible Entity's absolute discretion

 

Performance

Performance summary

As at 30 June 2019

 
Fund
Benchmark
Value add

1 mnth

3 mnths

6 mnths

1 yr

3 yrs (pa)

5 yrs (pa)

Since inception*

2.82%

3.35%

7.18%

-4.63%

1.47%

3.12%

9.29%

0.11%

0.36%

0.73%

1.49%

1.51%

1.78%

3.54%

2.71%

2.99%

6.45%

-6.13%

-0.04%

1.34%

5.75%

Performance figures are net of fees and expenses.
*The Bennelong Kardinia Absolute Return Fund was launched on 1 May 2006 by another trustee, and the above performance data relates to this strategy. Bennelong assumed responsibility as replacement trustee on 16 August 2011 – for performance history relating to this date, please contact Client Services on 1800 895 388 (AU) or 0800 442 304 (NZ) or client.services@bennelongfunds.com. Since inception figures are calculated on a p.a. basis.

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30 June 2019

31 May 2019

30 April 2019

Performance history

Prices

 

Application 1.1335
Redemption 1.129
Effective date 18 July 2019
 

Unit price history

 

 

How to invest

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Direct investment

Investments can be made directly to Bennelong via a Product Disclosure Statement (PDS) application form.

Minimum investment amount: $20,000

Recommended investment period: 5 years plus

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Distribution history

30 June 2019 Distribution timetable

CUM prices available

1/07/2019

CPU distribution rate available

5/07/2019

Ex prices available

5/07/2019

Payment of cash distribution

8/07/2019

Transaction statements sent to unitholders

8/07/2019

Tax statements sent to unitholders

15/07/2019

Distribution summary

28 June 2019 distribution CPU (cents)

1.5876

CUM distribution exit price ($AUD)

1.1367

Ex distribution exit price ($AUD)

1.1209

Ex distribution NAV price used for reinvestment ($AUD)

1.1231

Distribution analysis

30 June 2017

30 June 2016

30 June 2015

30 June 2014

30 June 2013

30 June 2012