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| Fund Overview | The Fund is a long/short investment fund principally investing in listed entities, commodities, futures and options in Australia and internationally. The Fund is not a market neutral fund and accordingly may switch between net long positions and net short positions. The Fund may use short sales and derivatives as determined by Totus Capital. Gearing may be used to enhance returns and the Fund may be geared in excess of 100% of the Fund's Net Asset Value. There is a limit to net exposure of 150%. |
| Manager Comments | At month-end net exposure was 105%, gross exposure 198% and the Fund held 89 positions with an average market cap of $18.02 billion. The Fund's Performance summary notes that 'performance has been delivered with consistently low (usually negative) beta (-0.02) and correlation (-0.015) to equity markets.' |
| More Information | » View detailed profile of this fund |
