Kardinia Long Short Fund - Managed Fund

Fund Objective

The Fund aims to achieve returns in excess of 10% per annum over the long term, with an overarching philosophy of capital protection.

Fund Strategy

The Fund is a unit trust targeting absolute returns. In order to achieve the risk/return objectives of the Fund, a variety of strategies are employed in a portfolio of Australian and New Zealand listed equities, derivatives and cash.

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	0.53%	10.1%	12.88%	15.84%	14.32%	9.12%	5.27%	3.87%
Growth return	0.53%	-0.11%	2.41%	5.1%	6.55%	3.75%	-1.51%	-1.16%
Income return	0%	10.21%	10.47%	10.74%	7.77%	5.37%	6.78%	5.03%
Market index (S&P/ASX 200 TR AUD)
Total return	3.1%	7.03%	11.65%	14.74%	14.82%	13.04%	12.32%	9.87%

As at 31 Aug 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Kardinia Long Short Fund

Australian Equities: 67.85%

Cash: 32.15%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 93.71%

Cash: -0.79%

International Equities: 4.83%

Property & Infrastructure: 1.41%

Fixed Interest: 0.26%

Alternatives: 0.58%

General Information

Fund Details

Type	Description
Fund Name	Kardinia Long Short Fund
Responsible Entity	Equity Trustees Ltd
APIR Code	BFL0010AU
Sector/Asset Class	Equity Australia Long Short
Morningstar Rating	(as at 31 Aug 2025)
Legal Structure	Investment Fund
Fund Inception	11 Apr 2012
Fund Size	$17.56 million (as at 31 Aug 2025)
Entry Price	$1.02023 (as at 12 Sep 2025)
Exit Price	$1.01615 (as at 12 Sep 2025)
Fund Status	Open

Offer information

Type	Description
MER	2.17% (as at 10 Aug 2024)
Indirect Cost Ratio (ICR)	2.17% (as at 30 Jun 2024)
Performance fee (not included in ICR)	0.18
Minimum initial investment	$20,000
Minimum additional investments	$10,000.00
Minimum redemption amount	$10,000.00

Top 10 holdings (as at 31 Aug 2025)

Holding (as at 31 Aug 2025)	Type	% of Portfolio
BHP Group Ltd	Equity	8.04%
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FAQs about the Kardinia Long Short Fund

What is the objective of the Kardinia Long Short Fund managed fund?

The objective of the Kardinia Long Short Fund managed fund is The Fund aims to achieve returns in excess of 10% per annum over the long term, with an overarching philosophy of capital protection.

What is the strategy for the Kardinia Long Short Fund managed fund?

The strategy of the Kardinia Long Short Fund managed fund is The Fund is a unit trust targeting absolute returns. In order to achieve the risk/return objectives of the Fund, a variety of strategies are employed in a portfolio of Australian and New Zealand listed equities, derivatives and cash.

What is the APIR code of the Kardinia Long Short Fund managed fund?

The APIR code of the Kardinia Long Short Fund managed fund is BFL0010AU.

What was Kardinia Long Short Fund’s total return last month?

Kardinia Long Short Fund’s total return last month was 0.53%. This was made up of a growth return of 0.53% and an income return of 0%. These returns were calculated as at 31 Aug 2025.

What was Kardinia Long Short Fund’s total return for the last three months?

Kardinia Long Short Fund’s total return for the last three months was 10.1%. This was made up of a growth return of -0.11% and an income return of 10.21%%. These returns were calculated as at 31 Aug 2025.

What is Kardinia Long Short Fund’s one-year total return?

Kardinia Long Short Fund’s one-year total return is 15.84%. This was made up of a growth return of 5.1% and an income return of 10.74%. These returns were calculated as at 31 Aug 2025.

What is Kardinia Long Short Fund’s three-year total return?

Kardinia Long Short Fund’s one-year total return is 9.12%. This was made up of a growth return of 3.75% and an income return of 5.37%. These returns were calculated as at 31 Aug 2025.

What is the asset allocation of the Kardinia Long Short Fund managed fund?

The asset allocation of the Kardinia Long Short Fund managed fund is :

Australian Equities: 67.85%

Cash: 32.15%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the Kardinia Long Short Fund managed fund?

The Responsible Entity for the Kardinia Long Short Fund managed fund is Equity Trustees Ltd.

What sector/asset class does the Kardinia Long Short Fund managed fund belong to?

The Kardinia Long Short Fund managed fund belongs to the Equity Australia Long Short sector/asset class.

What is the size of the Kardinia Long Short Fund managed fund?

As at 31 Aug 2025, the size of the Kardinia Long Short Fund managed fund was $17.56 million.

What is the inception date of the Kardinia Long Short Fund managed fund?

The Kardinia Long Short Fund managed fund has an inception date of 11 Apr 2012.

What is the current entry price of the Kardinia Long Short Fund managed fund?

The current entry price of the Kardinia Long Short Fund managed fund is $1.02023 per unit and the current exit price is $1.01615 per unit (as at 12 Sep 2025).

What is the current exit price of the Kardinia Long Short Fund managed fund?

The current exit price of the Kardinia Long Short Fund managed fund is $1.01615 per unit and the current entry price is $1.02023 per unit (as at 12 Sep 2025).

What is the minimum investment amount for the Kardinia Long Short Fund managed fund?

The minimum initial investment amount for the Kardinia Long Short Fund managed fund is $20,000. 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.

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