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  5. Quest Long Short Australian Equities - Managed fund profile

Quest Long Short Australian Equities - Managed Fund

Fund Objective
The Fund aims to outperform the S&P/ASX 200 Accumulation Index after fees ove rthe long term with an actively managed portfolio of long and short positionsin Australian equities. There is no guarantee that this objective will be achieved.
Fund Strategy
The Fund invests in a portfolio of ASX listed or to be listed securities (long and short) that are generally chosen from the S&P/ASX 200 Index. The Fund may also invest in exchange traded derivatives to manage risk and cash or cash equivalents. Short selling (up to 30% of Fund NAV ) may be used to expand the range of available investment opportunities with the aim of enhancing returns when selected share prices are expected to fall or underperform. Proceeds from shorting may be reinvested in preferred long positions to further enhance returns.

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 -0.58% 0.29% 4.88% 7.13% 10.98% 6.72% -% -%
Growth return -0.58% 0.29% 4.88% 7.13% 9.7% 5.22% -% -%
Income return 0% 0% 0% 0% 1.28% 1.5% -% -%
Market index (S&P/ASX 200 TR AUD )
Total return 1.01% -1.05% 4.22% 12.1% 13.43% 6.37% 7.26% 8.06%
As at 30 Jun 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Quest Long Short Australian Equities
Australian Equities
96.90%
Cash
3.10%
International Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
91.97%
Cash
0.28%
International Equities
4.23%
Property
3.09%
Fixed Interest
0.41%
Alternatives
0.02%

General Information

Fund Details
Type Description
Quest Long Short Australian Equities
Equity Trustees Ltd
ETL4748AU
Equity Australia Long Short
starstarstar (as at 31 May 2024)
Investment Fund
30 Apr 2020
$123.05 million (as at 31 Mar 2024)
$1.7614 (as at 30 Jun 2024)
$1.7508 (as at 30 Jun 2024)
Open
Offer information
Type Description
MER 3.38% (as at 6 Aug 2023)
Indirect Cost Ratio (ICR) 0.95% (as at 30 Jun 2023)
Performance fee (not included in ICR) 0
Minimum initial investment $50,000
Minimum additional investments $5,000.00

Top 10 holdings (as at 31 Jan 2024)

Holding (as at 31 Jan 2024) Type % of Portfolio
BHP Group Ltd Equity 12.72%
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FAQs about the Quest Long Short Australian Equities

The objective of the Quest Long Short Australian Equities managed fund is The Fund aims to outperform the S&P/ASX 200 Accumulation Index after fees ove rthe long term with an actively managed portfolio of long and short positionsin Australian equities. There is no guarantee that this objective will be achieved.

The strategy of the Quest Long Short Australian Equities managed fund is The Fund invests in a portfolio of ASX listed or to be listed securities (long and short) that are generally chosen from the S&P/ASX 200 Index. The Fund may also invest in exchange traded derivatives to manage risk and cash or cash equivalents. Short selling (up to 30% of Fund NAV ) may be used to expand the range of available investment opportunities with the aim of enhancing returns when selected share prices are expected to fall or underperform. Proceeds from shorting may be reinvested in preferred long positions to further enhance returns.

The APIR code of the Quest Long Short Australian Equities managed fund is ETL4748AU.

Quest Long Short Australian Equities’s total return last month was -0.58%. This was made up of a growth return of -0.58% and an income return of 0%. These returns were calculated as at 30 Jun 2024.

Quest Long Short Australian Equities’s total return for the last three months was 0.29%. This was made up of a growth return of 0.29% and an income return of 0%%. These returns were calculated as at 30 Jun 2024.

Quest Long Short Australian Equities’s one-year total return is 7.13%. This was made up of a growth return of 7.13% and an income return of 0%. These returns were calculated as at 30 Jun 2024.

Quest Long Short Australian Equities’s one-year total return is 6.72%. This was made up of a growth return of 5.22% and an income return of 1.5%. These returns were calculated as at 30 Jun 2024.

The asset allocation of the Quest Long Short Australian Equities managed fund is :

Australian Equities
96.90%
Cash
3.10%
International Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Quest Long Short Australian Equities managed fund is Equity Trustees Ltd.

The Quest Long Short Australian Equities managed fund belongs to the Equity Australia Long Short sector/asset class.

As at 31 Mar 2024, the size of the Quest Long Short Australian Equities managed fund was $123.05 million.

The Quest Long Short Australian Equities managed fund has an inception date of 30 Apr 2020.

The current entry price of the Quest Long Short Australian Equities managed fund is $1.7614 per unit and the current exit price is $1.7508 per unit (as at 30 Jun 2024).

The current exit price of the Quest Long Short Australian Equities managed fund is $1.7508 per unit and the current entry price is $1.7614 per unit (as at 30 Jun 2024).

The minimum initial investment amount for the Quest Long Short Australian Equities managed fund is $50,000. Minimum additional investment is $5000.

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.