- Description
-
A convenient 'all-in-one' solution which provides access to a diversified range of Australian and international alternative investments.
- Objective
The Select Alternatives Portfolio’s objectives, over rolling three year periods, are:
- to achieve performance greater than the cash rate plus 4% per annum (after fees and expenses), and
- volatility of 8% per annum (as measured by the annualised standard deviation).
- Strategy
- An actively managed diversified portfolio of alternative investments using specialised investment managers and selected listed investment vehicles and direct investments. With exposure to a range of local and international alternative strategies (such as hedge funds and managed futures) and alternative assets (such as commodities, private equity, infrastructure and gold / precious metals), as well as some cash.
Select Alternatives Portfolio Facts ^
| Fund Structure | Australian registered unit trust ARSN 104 903 684 APIR SLT0005AU |
| Responsible Entity | Select Asset Management Limited (Australian Financial Services Licence No. 223271) |
| Underlying Manager | Select Asset Management Limited |
| Minimum Initial Investment | A$25,000 |
| Applications | Weekly and Monthly (refer to Select processing calendar) |
| Withdrawals | Weekly and Monthly (refer to Select processing calendar) |
| Distributions | Six monthly, June 30th and December 31st |
| Management Costs | 1.275% estimated per annum |
| Performance Fee | 10.25% (including irrecoverable GST) out-performance over the Australian 180-day bank bill return, with a high water mark |
| Entry/Exit Fee | None |
| Buy-Sell Spread | 0.25% both sides (goes to the portfolio) |
| Unit Prices | Weekly and monthly |
| Fund Payment Notice details 30 June 2012 |
Fund Payment Notice |
^ Please refer to the fund PDS for a detail description on fees and fund facts
