30 Sep 2010 - Performance Report: Merricks Soft Commodity Fund

By: Australian Fund Monitors

Report Date	29 September 2010
Manager	Merricks Capital
Fund Name	Merricks Soft Commodity Fund
Strategy	Commodities/CTA
Latest Return Date	August 2010
Latest Return	4.04%
Latest 6 Months	9.41%
Latest 12 Months	22.72%
Latest 24 Months	37.83%
Annualised Since Inception	13.86%
Inception Date	01 January 2008
FUM (millions)	AU$10
Fund Overview	The Merricks Capital Soft Commodities Fund focuses on Soft Commodities and allows investors to get direct exposure to Soft Commodities which includes, wheat, corn, soy oil, canola oil, and sugar. The Merricks Capital team have a long history and involvement in the Soft Commodities sector and bring these years of specialised knowledge and experience to managing the Fund. The objective of the Fund is to find outstanding investment opportunities in the Soft Commodities sector and to also take advantage of mispricing between commodities. All investments are based on bottom up fundamental research and the Fund limits directional exposure of its investments through a strict process of portfolio construction and risk management. Trading strategies include calendar spreads, substitute spreads and basis trades and the Merricks Capital trading platform allows the Fund to trade on all markets (including ASX, CBOT, Euronext and Malaysia).
Manager Comments	Positions in wheat, including outright long, carry and spread trades provided investors in Merricks' Soft Commodity Fund solid returns in August to continue the fund's overall approach of seeking to provide attractive returns and low volatility with low correlation to equity markets.
More Information	» View detailed profile of this fund

Fund Monitors Pty Ltd

30 Sep 2010 - Performance Report: Merricks Soft Commodity Fund