Kardinia Long Short Fund

The Kardinia Long Short Fund invests in listed Australian securities using a lower volatility, long/short strategy. It aims to generate consistent positive returns in all market conditions, with an overarching philosophy of capital protection. It provides variable exposure to the equity market, with the flexibility of lower volatility than the market and minimising losses in drawdowns.

APIR code	BFL0010AU
Benchmark	–
Reporting currency	AUD
Security range	20-50
Active security limit	10%
Cash limit	–
Investment style	GARP
Portfolio manager	Kristiaan Rehder & Stuart Larke
Client risk profile	Growth
Investment team	Kardinia Capital
Responsible Entity	Equity Trustees, AFSL 240975, GPO Box 2307, Melbourne VIC 3001
Target market	See Target Market Determination
Recommended investment period	Long term (minimum five years)
Investment objectives	Capital growth
Fees and charges	Management fee: 1.2875% p.a. (including GST net of reduced input tax credits) of Net Asset Value calculated daily and paid monthly. Performance fee: 20.5% (including GST net of reduced input tax credits) of the investment returns made in excess of the daily official RBA Cash Rate plus 2%, calculated daily and paid semi-annually. Other expenses and indirect costs may also apply. Please refer to the PDS for more information.
Investment amount	Initial investment minimum: $20,000 Withdrawal minimum: $10,000 Additional investment minimum: $10,000 Subject to the Responsible Entity’s absolute discretion.
Inception date	1 May 2006* *The Kardinia Long Short Fund (formerly known as Bennelong Kardinia Absolute Return Fund) was launched on 1 May 2006 by another trustee and performance data relates to this strategy. Equity Trustees assumed responsibility as replacement trustee on 8 May 2023.