InvestSMART
  1. Home
  2. Research & Advice
  3. Research Tools
  4. Managed Funds
  5. L1 Capital Gold Fund - Managed fund profile

L1 Capital Gold Fund - Managed Fund

Fund Objective
The investment comprises units in a unit trust known as the Fund; an absolute return fund that invests in the gold sector; an area that the Investment Manager sees as an attractive medium-term risk-reward opportunity.
Fund Strategy
The Investment Manager sees significant share price upside potential in the mid-cap listed gold equities sector globally due to depressed valuations; favourable sector dynamics; and timing lags between physical gold and gold equities share price changes. It believes that the macroeconomic backdrop; featuring geopolitical tensions; lower real interest rates and structural demand growth from central banks and consumers; provides tailwinds for the gold market.

Fund Performance Comparison

Relative Fund Performance vs {{ fund.benchmark.peers.peerCount }} peers using {{ fund.benchmark.name }} as their benchmark.

{{ fund.name }}
Peers
Benchmark ({{ fund.benchmark.name }})
{{ fund.model.name }}
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.
grow your money
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns.
Free Fees Report
investing
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers.
Free investor guide
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns. Free Fees Report
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers. Free investor guide

Fees Comparison

{{ fund.mer | number:2 }}
% p.a.
{{ fund.name }}
{{ modelPortfolio.mer * 100 | number:2 }}
% p.a.
{{ modelPortfolio.name }}
{{ fund.benchmark.peers.mer * 100 | number:2 }}
% p.a.
Average of peers ({{ fund.benchmark.peers.peerCount }})
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.
Upsell Banner

Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 20.06% -% -% -% -% -% -% -%
Growth return 17% -% -% -% -% -% -% -%
Income return 3.06% -% -% -% -% -% -% -%
Market index (Morningstar Long-Only Commodity TR AUD)
Total return 7.31% 15.54% 26.62% 41.74% 1.8% 2.09% 3.54% -1.44%
As at 31 Mar 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

No asset allocation data available.
Average Allocation of Peers
Alternatives
87.27%
International Equities
11.11%
Cash
1.61%

General Information

Fund Details
Type Description
L1 Capital Gold Fund
Equity Trustees Ltd
ETL2916AU
Commodities & Precious Metals
Not Rated
Investment Fund
28 Feb 2025
n/a
$1.199 (as at 11 Apr 2025)
$1.199 (as at 11 Apr 2025)
Open
Offer information
Type Description
Minimum initial investment $100,000

FAQs about the L1 Capital Gold Fund

The objective of the L1 Capital Gold Fund managed fund is The investment comprises units in a unit trust known as the Fund; an absolute return fund that invests in the gold sector; an area that the Investment Manager sees as an attractive medium-term risk-reward opportunity.

The strategy of the L1 Capital Gold Fund managed fund is The Investment Manager sees significant share price upside potential in the mid-cap listed gold equities sector globally due to depressed valuations; favourable sector dynamics; and timing lags between physical gold and gold equities share price changes. It believes that the macroeconomic backdrop; featuring geopolitical tensions; lower real interest rates and structural demand growth from central banks and consumers; provides tailwinds for the gold market.

The APIR code of the L1 Capital Gold Fund managed fund is ETL2916AU.

L1 Capital Gold Fund’s total return last month was 20.06%. This was made up of a growth return of 17% and an income return of 3.06%. These returns were calculated as at 31 Mar 2025.

L1 Capital Gold Fund’s total return for the last three months was -%. This was made up of a growth return of -% and an income return of -%%. These returns were calculated as at 31 Mar 2025.

L1 Capital Gold Fund’s one-year total return is -%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 31 Mar 2025.

L1 Capital Gold Fund’s one-year total return is -%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 31 Mar 2025.

The asset allocation of the L1 Capital Gold Fund managed fund is :

Alternatives
100%
International Equities
0%
Cash
0%

The Responsible Entity for the L1 Capital Gold Fund managed fund is Equity Trustees Ltd.

The L1 Capital Gold Fund managed fund belongs to the Commodities & Precious Metals sector/asset class.

As at , the size of the L1 Capital Gold Fund managed fund was $ million.

The L1 Capital Gold Fund managed fund has an inception date of 28 Feb 2025.

The current entry price of the L1 Capital Gold Fund managed fund is $1.199 per unit and the current exit price is $1.199 per unit (as at 11 Apr 2025).

The current exit price of the L1 Capital Gold Fund managed fund is $1.199 per unit and the current entry price is $1.199 per unit (as at 11 Apr 2025).

The minimum initial investment amount for the L1 Capital Gold Fund managed fund is $100,000.

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.