InvestSMART

Generation Life L1 Capital Long Short - Managed Fund

Fund Objective
The Fund is an absolute return fund which aims to generate positive returns in all market environments. The Fund is typically expected to be market neutral (net market exposure generally between 0% - 10%), which effectively means the Fund is constructed in a way where returns are not dependent on the performance of the underlying share market.
Fund Strategy
The Fund is an absolute return fund which aims to generate positive returns in all market environments. The Fund is typically expected to be market neutral (net market exposure generally between 0% - 10%), which effectively means the Fund is constructed in a way where returns are not dependent on the performance of the underlying share market.

Fund Performance Comparison

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Fees Comparison

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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.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 7.14% 16.58% 28.71% 42.26% 29.48% 19.26% 7.73% -%
Growth return -2.4% 7.84% 20.27% 38.08% 28.49% 17.92% 7% -%
Income return 9.54% 8.74% 8.44% 4.18% 0.99% 1.34% 0.73% -%
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.31% 0.92% 1.82% 3.77% 4.09% 4.08% 2.82% 2.12%
As at 31 Jan 2026. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Generation Life L1 Capital Long Short
Australian Equities
0.84%
Cash
99.16%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
4.75%
Cash
55.40%
International Equities
3.24%
Property & Infrastructure
2%
Fixed Interest
15.92%
Alternatives
18.70%

General Information

Fund Details
Type Description
Generation Life L1 Capital Long Short
Austock Life Limited
ALL0527AU
Alternative - Other
Not Rated
Unknown
4 Dec 2017
$13312948 million (as at 30 Jan 2026)
$1.593 (as at 16 Feb 2026)
$1.5882 (as at 16 Feb 2026)
Open
Offer information
Type Description
MER 3.01% (as at 20 May 2025)
Indirect Cost Ratio (ICR) 0% (as at 30 Jun 2024)
Minimum initial investment $500.00
Minimum additional investments $50.00

Top 10 holdings (as at 31 Jan 2026)

Holding (as at 31 Jan 2026) Type % of Portfolio
BHP Group Ltd 13.85%
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FAQs about the Generation Life L1 Capital Long Short

The objective of the Generation Life L1 Capital Long Short managed fund is The Fund is an absolute return fund which aims to generate positive returns in all market environments. The Fund is typically expected to be market neutral (net market exposure generally between 0% - 10%), which effectively means the Fund is constructed in a way where returns are not dependent on the performance of the underlying share market.

The strategy of the Generation Life L1 Capital Long Short managed fund is The Fund is an absolute return fund which aims to generate positive returns in all market environments. The Fund is typically expected to be market neutral (net market exposure generally between 0% - 10%), which effectively means the Fund is constructed in a way where returns are not dependent on the performance of the underlying share market.

The APIR code of the Generation Life L1 Capital Long Short managed fund is ALL0527AU.

Generation Life L1 Capital Long Short’s total return last month was 7.14%. This was made up of a growth return of -2.4% and an income return of 9.54%. These returns were calculated as at 31 Jan 2026.

Generation Life L1 Capital Long Short’s total return for the last three months was 16.58%. This was made up of a growth return of 7.84% and an income return of 8.74%%. These returns were calculated as at 31 Jan 2026.

Generation Life L1 Capital Long Short’s one-year total return is 42.26%. This was made up of a growth return of 38.08% and an income return of 4.18%. These returns were calculated as at 31 Jan 2026.

Generation Life L1 Capital Long Short’s one-year total return is 19.26%. This was made up of a growth return of 17.92% and an income return of 1.34%. These returns were calculated as at 31 Jan 2026.

The asset allocation of the Generation Life L1 Capital Long Short managed fund is :

Australian Equities
0.84%
Cash
99.16%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Generation Life L1 Capital Long Short managed fund is Austock Life Limited.

The Generation Life L1 Capital Long Short managed fund belongs to the Alternative - Other sector/asset class.

As at 30 Jan 2026, the size of the Generation Life L1 Capital Long Short managed fund was $13312948 million.

The Generation Life L1 Capital Long Short managed fund has an inception date of 4 Dec 2017.

The current entry price of the Generation Life L1 Capital Long Short managed fund is $1.593 per unit and the current exit price is $1.5882 per unit (as at 16 Feb 2026).

The current exit price of the Generation Life L1 Capital Long Short managed fund is $1.5882 per unit and the current entry price is $1.593 per unit (as at 16 Feb 2026).

The minimum initial investment amount for the Generation Life L1 Capital Long Short managed fund is $500. Minimum additional investment is $50.

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.