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



RBA Cash Rate

Portfolio managers

Mark Burgess/Kristiaan Rehder

Stock range

20-50 stocks

Client risk profile


Investment team

Kardinia Capital

Responsible entity

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

Recommended investment period

Long term (five years plus).

Inception date

1 May 2006*

*The Bennelong Kardinia Absolute Return Fund (Fund) was launched on 1 May 2006 by another trustee. Bennelong Funds Management Ltd (Bennelong) assumed responsibility as replacement trustee on 16 August 2011. Performance information prior to 16 August 2011 relates to the previous trustee.

Fees and charges

Management Fee: 1.5375% per annum (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 RBA Official 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 summary

As at 31 January 2019

Value add

1 mnth

3 mnths

6 mnths

1 yr

3 yrs (pa)

5 yrs (pa)

Since inception*






















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 Since inception figures are calculated on a p.a. basis.

Download reports

If you’d like to receive the monthly reports directly into your inbox, please email us your request.


31 January 2019

31 December 2018

30 November 2018

Performance history



Application 1.0974
Redemption 1.0931
Effective date 18 February 2019

Unit price history



How to invest

You are viewing the details for financial advisers. If this is not your profile, please select personal investor or institutional investor.

Direct investment

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

Minimum investment amount: $20,000.00

Recommended investment period: 5 years plus

Invest now

Via a platform

A platform bundles together a range of managed funds and investments into a single product. This provides investors consolidated and centralised reporting. Our funds appear on a variety of third party platforms.

Learn more

Distribution history

Distribution summary

31 December 2018 distribution CPU (cents)


CUM distribution exit price ($AUD)


Ex distribution exit price ($AUD)


Ex distribution NAV price used for reinvestment ($AUD)


Distribution timetable

Distribution statements sent to unitholders 7/01/2019

Distribution analysis

30 June 2017

30 June 2016

30 June 2015

30 June 2014

30 June 2013

30 June 2012