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 stocks

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 (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

Performance summary

As at 30 November 2018

 
Fund
Benchmark
Value add

1 mnth

3 mnths

6 mnths

1 yr

3 yrs (pa)

5 yrs (pa)

Since inception*

-2.18%

-9.55%

-9.89%

-6.96%

-0.71%

2.44%

9.31%

0.12%

0.37%

0.75%

1.51%

1.60%

1.90%

3.64%

-2.31%

-9.92%

-10.64%

-8.47%

-2.31%

0.53%

5.68%

Performance figures are net of fees and expenses.
*The Bennelong Kardinia Absolute Return Fund was launched on 1 May 2006 by another trustee. Bennelong assumed responsibility as replacement trustee on 16 August 2011. Since inception figures are calculated on a p.a. basis.

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30 November 2018

31 October 2018

30 September 2018

Performance history

Prices

 

Application 1.0766
Redemption 1.0723
Effective date 13 December 2018
 

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: $20,000.00

Recommended investment period: 5 years plus

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