L1 Capital Long Short Fund Monthly Class
About this Fund
|FUND MANAGER||L1 Capital|
|INVESTMENT STYLE||The Fund provides investors access to an absolute return fund that offers a highly diversified portfolio of long and short positions based on a fundamental bottom-up research process.|
|INVESTMENT PROFILE||The Company's investment objective is to deliver strong, positive, risk-adjusted returns over the long term whilst seeking to preserve shareholder capital.|
|NO. OF HOLDINGS||50-100|
|FEES||1.28% p.a. (inclusive of the net impact of GST and RITC)|
Benefits of investing in the L1 Capital Long Short Fund Monthly Class
The Fund aims to provide investors with:
access to a Portfolio that:
access to a manager, L1 Capital Pty Limited (Manager) that:
An investor looking to achieve positive returns from equities, regardless of market conditions.
About the Fund
L1 Capital Long Short Fund is an absolute return fund that offers investors a highly diversified portfolio of long and short positions based on our fundamental bottom-up research process.
The objective of the Fund is to achieve strong, positive, risk-adjusted returns over the long term (in AUD terms). The return objective of the Fund is 10% net of fees and expenses p.a. over the long term.
Key assumptions and dependencies of the investment strategy
The success and profitability of the Fund will depend on a number of factors, including without limitation:
How we invest your money
L1 Capital uses a fundamental, bottom-up research process to identify mispriced securities with the potential to provide attractive risk-adjusted returns. Through its fundamental research, L1 Capital's investment team identifies high quality companies with attractive valuations. High quality stocks should possess the following characteristics:
L1 Capital will also take short positions in companies that it believes have a combination of being overvalued, low quality and overgeared. In addition to buying or shorting stocks, equity derivatives may be used to hedge the portfolio's market exposure or to enhance returns (while limiting potential capital losses).
The fund may hold long or short stock positions (or equity derivatives) to profit from this mispricing. Securities will be listed (or expected to list) on a global stock exchange.
Other than securities and derivatives, the Fund will typically be invested in cash or cash equivalent instruments. The Investment Manager does not have allocation ranges or limits for the types of assets that it may invest in.
L1 Capital intends to seek to diversify the Fund's investments as it deems appropriate and consistent with the Fund's investment objective. L1 Capital also seeks to diversity the Fund's investments to manage the risks associated with short selling (see section 5.7 of the PDS for further discussion). The investment strategy of the Fund otherwise does not have any diversification guidelines or limits.