Solaris Australian Equity Long Short Fund

Enhanced return potential captured through shorting
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The Solaris Australian Equity Long Short Fund portfolio will typically consist of 40 – 60 long ideas and 20 – 40 short ideas in Australian Equities. 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 Fund aims to outperform the S&P/ASX 200 Accumulation Index over the medium to long term after fees.

Latest Montly Performance

Enhanced Return Potential

​short selling and leveraged long positions capitalises on both positive and negative stock views

Greater Diversification

shorting enhances diversification in Australia’s concentrated market

Robust Risk Management

disciplined shorting process diversifies the sources of shorts, effectively managing risk

Style agnostic

majority of risk and return from companies rather than styles and sectors

$30,000 Investment Since Inception

Inception date is 1 March 2017. The performance data above is based on month end prices before tax. Net performance is calculated after management fees and operating costs, excluding taxation. This is historical performance data. It should be noted the value of an investment can rise and fall and past performance is not indicative of future performance.

Net Performance

1 Inception date 1 March 2017.
# Benchmark refers to the S&P/ASX200 Accumulation Index.
The performance data above is based on month end prices before tax. Net performance is calculated after management fees and operating costs, excluding taxation. This is historical performance data. It should be noted the value of an investment can rise and fall and past performance is not indicative of future performance. All p.a. returns are annualised.

Key Features

Product Disclosure Statement

Target Market Determination

APIR Code: WHT3859AU
Benchmark: S&P/ASX 200 Accumulation Index
Investment Universe: 250+ stocks in Australian listed securities
Holds Between: Typically 40-60 long equities and 20-40 short equities
Suggested Investment Timeframe Minimum 7 years
Risk: Very High
Portfolio allocation1 70-100% Australian equities

0-30% Derivatives
0-30% Cash and cash equivalents2
Style: Neutral
Suitable investor profile This product is intended for use as a core allocation for a consumer who is seeking capital growth and has a high risk and return profile for that portion of their investment portfolio. It is likely to be consistent with the financial situation and needs of a consumer with a 7 year investment timeframe and who is unlikely to need to withdraw their money on less than one week’s notice.
Management Fee 0.99%
Performance Fee 15% (payable semi-annually) based on outperformance of the benchmark and base fee.

1The above portfolio allocation ranges are indicative only. The Fund will be rebalanced within a reasonable period of time should the exposure move outside of the above ranges.
2Excludes cash used for derivatives transactions and exposure.

Ratings

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The Fund has received a ‘Highly Recommended’ rating from Zenith Investment Partners1, a ‘Recommended’ rating from Lonsec Research2, a ‘Bronze’ Morningstar Analyst Rating™ (as of 10 July 2024)3, and a ‘Highly Recommended’ rating from Genium Investment Partners4. Further information on our Ratings can be found in the Disclaimer section.

Unit Prices and Distribution History

Unit Prices

Unit prices are net of fees and do not include distributions. Calculation of unit prices are based on the net asset value plus/minus transaction costs divided by units on issue. Past performance is not a reliable indicator of future performance. This material has been provided for general information purposes and must not be construed as investment advice.

Distribution History

Reports

Monthly Reports
Latest Monthly Report
Other Reports
Annual Report

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Investor Forms
Application Form
Additional Investment Form
Authorised Representation Form (Company)
Authorised Representation Form (Individual)
Change of Details Form
Switch Form
Redemption Form
Product Disclosure Statement (PDS)
Target Market Determination
Annual RG240 Disclosure Statement

Disclaimer

This webpage is prepared by Solaris Investment Management Limited (‘Solaris’) (ABN 72 128 512 621, AFSL 330 505) as the investment manager of the Solaris Australian Equity Long Short Fund (ARSN 618 962 995) (the ‘Fund’). Pinnacle Fund Services Limited (‘PFSL’) (ABN 29 082 494 362, AFSL 238 371) is the product issuer of the Fund. PFSL is not licensed to provide financial product advice. PFSL is a wholly-owned subsidiary of the Pinnacle Investment Management Group Limited (‘Pinnacle’) (ABN 22 100 325 184).

The information provided in this website is of a general nature only and has been prepared without taking into account your objectives, financial situation or needs. Before making an investment decision in respect of the Fund, you should consider the current Product Disclosure Statement (PDS) and Target Market Determination (‘TMD’) of the Fund and assess whether the Fund is appropriate given your objectives, financial situation or needs. If you require advice that takes into account your personal circumstances, you should consult a licensed or authorised financial adviser.

Neither PFSL nor Solaris guarantees repayment of capital or any particular rate of return from the Fund. There can be no assurance that the Fund will achieve its investment objectives. The value of your units at any point in time may be worth less than your original investment even after taking into account the reinvestment of Fund distributions. Returns are not guaranteed, and you may lose some or all of your money. The specific risks associated with investing in the Fund, and the risks associated with the Fund’s investments, are discussed in Section 6 of the Product Disclosure Statement. Neither PFSL nor Solaris gives any representation or warranty as to the currency, reliability, completeness or accuracy of the information contained in this website. All opinions and estimates included in this website constitute judgments of Solaris as at the date of website creation and are subject to change without notice. Past performance is not a reliable indicator of future performance.

1Zenith Disclaimer: The Zenith Investment Partners (‘Zenith’) (ABN 27​ 103​ 132​ 67​2, AFSL 226​872) rating (assigned SOL0001AU; WHT0012AU; WHT2589AU; WHT3859AU – September 2024) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines.

 2Lonsec Disclaimer: The Lonsec Ratings (assigned as follows: WHT2589AU; WHT0012AU; SOL0001AU; WHT3859AU – October 2024) presented in this document are published by Lonsec Research Pty Ltd (‘Lonsec’) (ABN 11​ 151​ 658​ 561,​ AFSL 421​445). The Ratings are limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial products. Past performance information is for illustrative purposes only and is not indicative of future performance. They are not a recommendation to purchase, sell or hold Solaris products, and you should seek independent financial advice before investing in these products. The Ratings are subject to change without notice and Lonsec assumes no obligation to update the relevant documents following publication. Lonsec receives a fee from the Fund Manager for researching the products using comprehensive and objective criteria. For further information regarding Lonsec’s Ratings methodology, please refer to our website at https://www.lonsec.com.au/fund-manager/investment-product-ratings

3Morningstar Disclaimer: © 2024 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘class service’ have been prepared by Morningstar Australasia Pty Ltd (ABN 95​ 090​ 665​ 544​, AFSL 240​892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (FSG) for more information at https://www.morningstar.com.au/s/fsg.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement (Australian products) or Investment Statement (New Zealand products) before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser. Some material is copyright and published under licence from ASX Operations Pty Ltd (‘ASXO’) (ACN 004​ 523​ 782)​. As at 10 July 2024 the Morningstar Analyst RatingTM for the Solaris Australian Equity Long Short Fund is ‘Bronze’.

4Genium Disclaimer: The Genium rating (assigned December 2024) presented in this document is issued by Genium Investment Partners Pty Ltd ABN 13 165 099 785, which is a Corporate Authorised Representative of Genium Advisory Services Pty Ltd ABN 94 304 403 582, AFSL 246580. The Rating is limited to “General Advice” (s766B Corporations Act 2001 (Cth)) and has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without notice. Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision in relation to this financial product(s). Genium receives a fee from the Fund Manager for researching and rating the product(s). Visit Geniumip.com.au for information regarding Genium’s Ratings methodology.

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© Solaris Investment Management

ACN 128 512 621 | AFSL 330505