NAOS Long Short Equities Fund
For an Application Form please download the Product Disclosure Statement below.
FUND FEATURES
Investment Universe
85% ASX 300 & 15% EX300 (Market Cap > $100m)
Investment Objective
Provide positive investment returns in excess of the Benchmark Index (ASX All Ordinaries Accumulated Index)
Investment Strategy
Generally 130 long, 30 short
Gross Market Exposure Limits
160% of the net asset value of the Fund, with a maximum cash weighting of 30%
Exposure Limits to Individual Securities
The greater of +/- 17% of the Fund's net asset value
Date of deed establishing the Fund
January 2005
Minimum Suggested Timeframe
5-7 Years+
Potential Volatility
Medium - High
Management Fee
1.17875% p.a. of the net asset value of the Fund
Application/Redemption Fees
Nil
Buy/Sell Spread
+/- 0.75%
Unit Pricing
Daily
Distribution
Annually
Minimum Investment
$25,000
Minimum Balance
$25,000
Minimum Additional Investment
$10,000
Minimum Redemption
$10,000
Performance Fee
20.5% (Inclusive of the net effect of GST) of the excess return above the Benchmark Index (S&P/ASX All Ords Accumulation Index). Underperformance is required to be made up in subsequent periods before a performance fee is earned.
Ongoing Fee Measure (OGFM)1
Capped at 1.17875% (Inclusive of the net effect of GST)
Additional costs may apply. Please refer to the section entitled 'Transaction costs and Buy/Sell Spread' under the heading 'Additional explanation of fees and costs'.
For an Application Form Please Download the Product Disclosure Statement Below.