Federation Alternative Investments Return - Managed Fund

Fund Objective

FAI's investment objective is to make Target Investments that the Investment Manager expects will support FAI's Target Return Objective and Target Yield Objective.

Fund Strategy

The Investment Manager seeks to acquire investments which support FAI's total return objective of 15 per cent. per annum (after taking into account fees and costs of FAI, but before taxation), annualised over the life of FAI. This is a target only and may not be achieved: Actual returns achieved will be influenced by a range of factors including the valuation and performance of FAI's underlying investments.

Fund Performance Comparison

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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

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Fees Comparison

% p.a.

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	-%	-6.95%	-6.38%	1.32%	3.59%	6.5%	8.06%	-%
Growth return	-6.95%	-6.95%	-6.38%	1.32%	3.59%	6.5%	8.06%	-%
Income return	-%	0%	0%	0%	0%	0%	0%	-%
Market index (MSCI World NR AUD)
Total return	0.94%	6.6%	5.17%	19.92%	19.35%	20.35%	15.69%	12.55%

As at 30 Jun 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Federation Alternative Investments Return

Australian Equities: 62.21%

International Equities: 18.71%

Cash: 9.45%

Property & Infrastructure: 0.08%

Fixed Interest: 9.55%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 20.57%

International Equities: 25.09%

Cash: 18.21%

Property & Infrastructure: 1.06%

Fixed Interest: 4.73%

Alternatives: 30.35%

General Information

Fund Details

Type	Description
Fund Name	Federation Alternative Investments Return
Responsible Entity	Equity Trustees Ltd
APIR Code	ETL6849AU
Sector/Asset Class	Alternative-Private Equity
Morningstar Rating	Not Rated
Legal Structure	Investment Fund
Fund Inception	11 Dec 2018
Fund Size	$90 million (as at 30 Jun 2025)
Entry Price	$3.3 (as at 30 Jun 2025)
Exit Price	$3.08 (as at 30 Jun 2025)
Fund Status	Open

Offer information

Type	Description
MER	2.95% (as at 20 Feb 2024)
Indirect Cost Ratio (ICR) - Estimated	3.65% (as at 30 Jun 2024) (Estimated)
Performance fee (included in ICR)	0.8
Minimum initial investment	$20,000

Top 10 holdings (as at 31 Mar 2025)

Holding (as at 31 Mar 2025)	Type	% of Portfolio
Fortis Bank B 100% Init Cap Prot 2nd Fd	Mutual Fund - Open End	100%

FAQs about the Federation Alternative Investments Return

What is the objective of the Federation Alternative Investments Return managed fund?

The objective of the Federation Alternative Investments Return managed fund is FAI's investment objective is to make Target Investments that the Investment Manager expects will support FAI's Target Return Objective and Target Yield Objective.

What is the strategy for the Federation Alternative Investments Return managed fund?

The strategy of the Federation Alternative Investments Return managed fund is The Investment Manager seeks to acquire investments which support FAI's total return objective of 15 per cent. per annum (after taking into account fees and costs of FAI, but before taxation), annualised over the life of FAI. This is a target only and may not be achieved: Actual returns achieved will be influenced by a range of factors including the valuation and performance of FAI's underlying investments.

What is the APIR code of the Federation Alternative Investments Return managed fund?

The APIR code of the Federation Alternative Investments Return managed fund is ETL6849AU.

What was Federation Alternative Investments Return’s total return last month?

Federation Alternative Investments Return’s total return last month was -%. This was made up of a growth return of -6.95% and an income return of -%. These returns were calculated as at 30 Jun 2025.

What was Federation Alternative Investments Return’s total return for the last three months?

Federation Alternative Investments Return’s total return for the last three months was -6.95%. This was made up of a growth return of -6.95% and an income return of 0%%. These returns were calculated as at 30 Jun 2025.

What is Federation Alternative Investments Return’s one-year total return?

Federation Alternative Investments Return’s one-year total return is 1.32%. This was made up of a growth return of 1.32% and an income return of 0%. These returns were calculated as at 30 Jun 2025.

What is Federation Alternative Investments Return’s three-year total return?

Federation Alternative Investments Return’s one-year total return is 6.5%. This was made up of a growth return of 6.5% and an income return of 0%. These returns were calculated as at 30 Jun 2025.

What is the asset allocation of the Federation Alternative Investments Return managed fund?

The asset allocation of the Federation Alternative Investments Return managed fund is :

Australian Equities: 62.21%

International Equities: 18.71%

Cash: 9.45%

Property & Infrastructure: 0.08%

Fixed Interest: 9.55%

Alternatives: 0%

Who is the responsible Entity of the Federation Alternative Investments Return managed fund?

The Responsible Entity for the Federation Alternative Investments Return managed fund is Equity Trustees Ltd.

What sector/asset class does the Federation Alternative Investments Return managed fund belong to?

The Federation Alternative Investments Return managed fund belongs to the Alternative-Private Equity sector/asset class.

What is the size of the Federation Alternative Investments Return managed fund?

As at 30 Jun 2025, the size of the Federation Alternative Investments Return managed fund was $90 million.

What is the inception date of the Federation Alternative Investments Return managed fund?

The Federation Alternative Investments Return managed fund has an inception date of 11 Dec 2018.

What is the current entry price of the Federation Alternative Investments Return managed fund?

The current entry price of the Federation Alternative Investments Return managed fund is $3.3 per unit and the current exit price is $3.08 per unit (as at 30 Jun 2025).

What is the current exit price of the Federation Alternative Investments Return managed fund?

The current exit price of the Federation Alternative Investments Return managed fund is $3.08 per unit and the current entry price is $3.3 per unit (as at 30 Jun 2025).

What is the minimum investment amount for the Federation Alternative Investments Return managed fund?

The minimum initial investment amount for the Federation Alternative Investments Return managed fund is $20,000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.

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