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  5. Solaris Australian Equity Long Short Fund - Managed fund profile

Solaris Australian Equity Long Short Fund - Managed Fund

Fund Objective
To achieve returns that exceed the S&P/ASX200 Accumulation Index by taking both long and short positions in selected shares listed on a recognised Australian exchange.
Fund Strategy
The Fund is a fundamental style neutral Australian equity long short product. The Fund will maintain a net exposure of 70% - 100%, with the proceeds from shorting (40% maximum) reinvested in preferred long positions in order to enhance returns. The portfolio will typically consist of 40 - 70 long ideas and 20 - 30 short ideas.

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 -1.03% 0.85% 9.2% 26.02% 13.7% 10.26% 6.96% -%
Growth return -1.03% 0.85% 3.02% 16.7% 8.03% 4.9% 3.3% -%
Income return 0% 0% 6.18% 9.32% 5.67% 5.36% 3.66% -%
Market index (S&P/ASX 200 TR AUD)
Total return -1.31% 2.1% 8.44% 24.89% 13.39% 8.01% 8.17% 8.32%
As at 31 Oct 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Solaris Australian Equity Long Short Fund
Australian Equities
99.85%
Cash
0.15%
International Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
93.36%
Cash
-0.08%
International Equities
4.21%
Property
2.11%
Fixed Interest
0.40%
Alternatives
0.01%

General Information

Fund Details
Type Description
Solaris Australian Equity Long Short Fund
Pinnacle Fund Services Limited
WHT3859AU
Equity Australia Large Blend
starstarstar (as at 31 Oct 2024)
Investment Fund
1 Mar 2017
$353.81 million (as at 31 Oct 2024)
$1.7338 (as at 21 Nov 2024)
$1.7234 (as at 21 Nov 2024)
Open
Offer information
Type Description
MER 1.01% (as at 8 Dec 2023)
Indirect Cost Ratio (ICR) 0.99% (as at 30 Jun 2023)
Performance fee (not included in ICR) 0
Minimum initial investment $30,000
Minimum additional investments $5,000.00
Minimum redemption amount $5,000.00

Top 10 holdings (as at 31 Oct 2024)

Holding (as at 31 Oct 2024) Type % of Portfolio
BHP Group Ltd Equity 7.15%
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FAQs about the Solaris Australian Equity Long Short Fund

The objective of the Solaris Australian Equity Long Short Fund managed fund is To achieve returns that exceed the S&P/ASX200 Accumulation Index by taking both long and short positions in selected shares listed on a recognised Australian exchange.

The strategy of the Solaris Australian Equity Long Short Fund managed fund is The Fund is a fundamental style neutral Australian equity long short product. The Fund will maintain a net exposure of 70% - 100%, with the proceeds from shorting (40% maximum) reinvested in preferred long positions in order to enhance returns. The portfolio will typically consist of 40 - 70 long ideas and 20 - 30 short ideas.

The APIR code of the Solaris Australian Equity Long Short Fund managed fund is WHT3859AU.

Solaris Australian Equity Long Short Fund’s total return last month was -1.03%. This was made up of a growth return of -1.03% and an income return of 0%. These returns were calculated as at 31 Oct 2024.

Solaris Australian Equity Long Short Fund’s total return for the last three months was 0.85%. This was made up of a growth return of 0.85% and an income return of 0%%. These returns were calculated as at 31 Oct 2024.

Solaris Australian Equity Long Short Fund’s one-year total return is 26.02%. This was made up of a growth return of 16.7% and an income return of 9.32%. These returns were calculated as at 31 Oct 2024.

Solaris Australian Equity Long Short Fund’s one-year total return is 10.26%. This was made up of a growth return of 4.9% and an income return of 5.36%. These returns were calculated as at 31 Oct 2024.

The asset allocation of the Solaris Australian Equity Long Short Fund managed fund is :

Australian Equities
99.85%
Cash
0.15%
International Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Solaris Australian Equity Long Short Fund managed fund is Pinnacle Fund Services Limited.

The Solaris Australian Equity Long Short Fund managed fund belongs to the Equity Australia Large Blend sector/asset class.

As at 31 Oct 2024, the size of the Solaris Australian Equity Long Short Fund managed fund was $353.81 million.

The Solaris Australian Equity Long Short Fund managed fund has an inception date of 1 Mar 2017.

The current entry price of the Solaris Australian Equity Long Short Fund managed fund is $1.7338 per unit and the current exit price is $1.7234 per unit (as at 21 Nov 2024).

The current exit price of the Solaris Australian Equity Long Short Fund managed fund is $1.7234 per unit and the current entry price is $1.7338 per unit (as at 21 Nov 2024).

The minimum initial investment amount for the Solaris Australian Equity Long Short Fund managed fund is $30,000. 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.