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  5. Harvest Lane Asset Management Absolute Pls - Managed fund profile

Harvest Lane Asset Management Absolute Pls - Managed Fund (Closed)

Fund Objective
The Fund aims to deliver consistent positive rates of return, with low or no correlation to equity markets. It aims to achieve this regardless of underlying market and economic conditions. The Fund invests selectively when the potential exists to generate outsized rewards relative to the risk being incurred.
Fund Strategy
The Manager is focused on generating superior risk adjusted returns for its investors. It does this by investing in situations whereby it perceives that the reward on offer is outsized relative to the risk involved in establishing a position. Historically, the Manager has found many such opportunities have existed within the 'event' space and as such regularly invests in merger arbitrage situations, along with select capital raisings and other corporate actions.

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 0.14% 2.03% 1.45% 12.3% 26.73% 9.27% 8.27% -%
Growth return 0% 1.36% 0.19% -19.94% 9.22% -2% 1.16% -%
Income return 0.14% 0.67% 1.26% 32.24% 17.51% 11.27% 7.11% -%
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.37% 1.09% 2.19% -% 4.08% 3.08% 1.93% 1.92%
As at 30 Apr 2022. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Harvest Lane Asset Management Absolute Pls
Australian Equities
83.27%
Cash
18.25%
Fixed Interest
1.29%
Alternatives
-2.81%
International Equities
0%
Property
0%
Average Allocation of Peers
Australian Equities
5.55%
Cash
22.84%
Fixed Interest
34.54%
Alternatives
26.26%
International Equities
8.97%
Property
1.84%

General Information

Fund Details
Type Description
Harvest Lane Asset Management Absolute Pls
Closed
Fundhost Limited
FHT6993AU
Alternative - Other
starstarstarstar (as at 30 Sep 2021)
Investment Fund
30 Jan 2013
$7.52 million (as at 30 Nov 2021)
$1.0933 (as at 3 Jun 2022)
$1.0878 (as at 3 Jun 2022)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) 1.39% (as at 30 Jun 2020)
Performance fee (not included in ICR) 0.39
Minimum initial investment $50,000
Minimum additional investments $10,000.00

Top 10 holdings (as at 31 May 2021)

Holding (as at 31 May 2021) Type % of Portfolio
Mainstream Group Holdings Ltd Equity 16.51%
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FAQs about the Harvest Lane Asset Management Absolute Pls

The objective of the Harvest Lane Asset Management Absolute Pls managed fund is The Fund aims to deliver consistent positive rates of return, with low or no correlation to equity markets. It aims to achieve this regardless of underlying market and economic conditions. The Fund invests selectively when the potential exists to generate outsized rewards relative to the risk being incurred.

The strategy of the Harvest Lane Asset Management Absolute Pls managed fund is The Manager is focused on generating superior risk adjusted returns for its investors. It does this by investing in situations whereby it perceives that the reward on offer is outsized relative to the risk involved in establishing a position. Historically, the Manager has found many such opportunities have existed within the 'event' space and as such regularly invests in merger arbitrage situations, along with select capital raisings and other corporate actions.

The APIR code of the Harvest Lane Asset Management Absolute Pls managed fund is FHT6993AU.

Harvest Lane Asset Management Absolute Pls’s total return last month was 0.14%. This was made up of a growth return of 0% and an income return of 0.14%. These returns were calculated as at 30 Apr 2022.

Harvest Lane Asset Management Absolute Pls’s total return for the last three months was 2.03%. This was made up of a growth return of 1.36% and an income return of 0.67%%. These returns were calculated as at 30 Apr 2022.

Harvest Lane Asset Management Absolute Pls’s one-year total return is 12.3%. This was made up of a growth return of -19.94% and an income return of 32.24%. These returns were calculated as at 30 Apr 2022.

Harvest Lane Asset Management Absolute Pls’s one-year total return is 9.27%. This was made up of a growth return of -2% and an income return of 11.27%. These returns were calculated as at 30 Apr 2022.

The asset allocation of the Harvest Lane Asset Management Absolute Pls managed fund is :

Australian Equities
83.27%
Cash
18.25%
Fixed Interest
1.29%
Alternatives
-2.81%
International Equities
0%
Property
0%

The Responsible Entity for the Harvest Lane Asset Management Absolute Pls managed fund is Fundhost Limited.

The Harvest Lane Asset Management Absolute Pls managed fund belongs to the Alternative - Other sector/asset class.

As at 30 Nov 2021, the size of the Harvest Lane Asset Management Absolute Pls managed fund was $7.52 million.

The Harvest Lane Asset Management Absolute Pls managed fund has an inception date of 30 Jan 2013.

The current entry price of the Harvest Lane Asset Management Absolute Pls managed fund is $1.0933 per unit and the current exit price is $1.0878 per unit (as at 3 Jun 2022).

The current exit price of the Harvest Lane Asset Management Absolute Pls managed fund is $1.0878 per unit and the current entry price is $1.0933 per unit (as at 3 Jun 2022).

The minimum initial investment amount for the Harvest Lane Asset Management Absolute Pls managed fund is $50,000. Minimum additional investment is $10000.

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.