The Bennelong Kardinia Absolute Return Fund is a long/short strategy investing in Australian equities. It aims to generate consistent positive returns in all market conditions, with an overarching philosophy of capital protection. It provides variable exposure to the equity market, with the flexibility of lower volatility than the market and minimising losses in drawdowns.
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|Portfolio manager||Kristiaan Rehder & Stuart Larke|
|Active stock limit||10%|
|Client risk profile||Growth|
|Investment team||Kardinia Capital|
|Responsible Entity||Bennelong Funds Management Ltd
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 assumed responsibility as replacement trustee on 16 August 2011.
|Fees and charges||Management fee: 1.2875% 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 plus 2%, calculated daily and paid semi-annually.
Other expenses and indirect costs may also apply. Please refer to the PDS for more information.
|Investment amount||Initial investment minimum: $20,000
Withdrawal minimum: $10,000
Additional investment minimum: $10,000
Subject to the Responsible Entity's absolute discretion.
|Fund||RBA Cash Rate + 2% (Performance Fee Hurdle)*|
|3 Years p.a.||1.03%||1.84%|
|5 Years p.a.||2.47%||1.71%|
|10 Years p.a.||4.80%||2.31%|
|Since Inception p.a.**||8.57%||3.34%|
Performance figures are AUD unhedged and are net of fees and expenses.
Past fund performance is not indicative of future performance.
*The Performance Fee Hurdle is the RBA cash rate plus 2%. Prior to 2 December 2019 it was the RBA cash rate.
**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 Experience on 1800 895 388 (AU) or 0800 442 304 (NZ) or email@example.com. Since inception figures are calculated on a p.a. basis.
To download performance history since inception, leave the date range blank and select download data.
*Performance figures are net of fees and expenses. Past fund performance is not indicative of future performance.
To download daily unit prices since inception, leave the date range blank and select download data.
All unit prices are in AUD. Please note that unit price data for the Bennelong Kardinia Absolute Return Fund is based on the PDS daily series. This information is issued by Bennelong Funds Management Limited (ABN 39 111 214 085, AFSL 296806) (BFML) in relation to the Bennelong Kardinia Absolute Return Fund. The information provided is general information only. It does not constitute financial, tax or legal advice or an offer or solicitation to subscribe for units in any fund of which BFML is the Trustee or Responsible Entity (Bennelong Fund). This information has been prepared without taking account of your objectives, financial situation or needs. Before acting on the information or deciding whether to acquire or hold a product, you should consider the appropriateness of the information based on your own objectives, financial situation or needs or consult a professional adviser. You should also consider the relevant Information Memorandum (IM) and or Product Disclosure Statement (PDS) which is available on the BFML website, bennfundsmanagement.com.au, or by phoning 1800 895 388. BFML may receive management and or performance fees from the Bennelong Funds, details of which are also set out in the current IM and or PDS. BFML and the Bennelong Funds, their affiliates and associates accept no liability for any inaccurate, incomplete or omitted information of any kind or any losses caused by using this information. All investments carry risks. There can be no assurance that any Bennelong Fund will achieve its targeted rate of return and no guarantee against loss resulting from an investment in any Bennelong Fund. Past fund performance is not indicative of future performance. Kardinia Capital (ABN 20 152 003 186) is a Corporate Authorised Representatives of Bennelong Funds Management Limited (BFML), ABN 39 111 214 085, Australian Financial Services Licence No. 296806.
|30 June 2021 distribution CPU (cents)||13.5838|
|CUM distribution exit price ($AUD)||1.1435|
|Ex distribution exit price ($AUD)||1.0080|
|Ex distribution NAV price used for reinvestment ($AUD)||1.0100|
|CUM prices available||1/07/2021|
|CPU distribution rate available||6/07/2021|
|Ex prices available||7/07/2021|
|Payment of cash distribution||12/07/2021|
|Transaction statements sent to unitholders||8/07/2021|
|Tax statements sent to unitholders||15/07/2021|