Australian Eagle Trust
(Long Short Fund)
Discover the Australian Eagle Trust: Outperforming the S&P/ASX 100 Accumulation Index by 3.70% p.a. since 2016.1
Using an innovative ‘long-short’ equity investment strategy, the Fund aims to deliver superior returns and capital growth over five years through leveraged investments in Australian shares.
Overview
The Fund aims to provide capital growth in the long term through leveraged investment in Australian securities.
The Fund’s objective is to outperform the Australian share market, as represented by the S&P/ASX 100 Accumulation Index, over five years.
By actively investing in a portfolio of 25-35 high-quality companies for the portfolio’s ‘long’ positions (150%) and 12-25 for ‘short’ positions (50%), it has regularly achieved superior returns.
The Australian Eagle Trust is a unit trust that is a managed investment scheme which is registered with the Australian Securities and Investment Commission (ASIC).
1 The compound annual return for the Australian Eagle Trust was 13.77% p.a. The compound annual return for the S&P/ASX 100 Accumulation Index benchmark was 10.07% p.a. Time period is 01/07/2016 to 31/10/2024. Performance is net of fees and expenses. Past performance is not an indicator of future performance.
Unit prices
Monthly reports
October 2024
Download the latest monthly report
Monthly reports archive
Quarterly reports
September 2024
Download the latest quarterly report
Quarterly reports archive
Innovative investment approach
The Fund applies an index-independent ‘long short’ investment strategy and invests in a concentrated portfolio of 25 to 35 Australian large cap companies in the ‘long’ portfolio and 12 to 25 companies in the ‘short’ portfolio. The usual positioning is 150% long and 50% short, providing a net 100% long exposure.
Our Investment Team focuses on investing in high-quality Australian companies at a sensible price, and holding these investments until we believe they will yield superior returns. Exceptional companies are characterised by proficient management, dedication to shareholders, participation in growing markets, and sustainable competitive advantage.
Conversely, on the short side, the team identifies companies that lack these attributes or rank poorly compared with superior-quality companies.
About the Fund
Why invest
Exceptional performance track record
The Fund has delivered a return of 13.77% per annum since inception (July 2016) – outperforming its benchmark by 3.70% per annum, after fees and expenses1.
Expert investment strategy
Access to an innovative and sophisticated ‘long short’ investment strategy not easily accessible to individual retail investors.
Excess returns
Enhanced potential for excess returns using short-selling techniques and leverage.
The strategy maintains 100% exposure to the market through 150% long and 50% short positioning without attempting to time the markets. Despite this, the Fund’s volatility has remained in line with that of the market throughout its history.
Diversification
A diversified portfolio is created by investing in a mix of long and short positions, which aims to reduce market correlation and maximise the team’s research efforts.
Capital growth potential
Aims to provide long-term growth through leveraged investments in Australian shares.
1 The compound annual return for the Australian Eagle Trust was 13.77% p.a. The compound annual return for the S&P/ASX 100 Accumulation Index benchmark was 10.07% p.a. Time period is 01/07/2016 to 31/10/2024. Performance is net of fees and expenses. Past performance is not an indicator of future performance.
Fund facts
| Objectives | To outperform the S&P/ASX 100 Accumulation Index over a five-year period. |
| Inception date | 1 July 2016 |
| Style | Active (Long Short Equity) |
| Benchmark | S&P/ASX 100 Accumulation Index |
| Minimum investment | A$20,000 |
| Applications/withdrawals | Daily |
| ARSN | 632 568 846 |
| APIR | ALR2783AU |
| Distribution frequency | Annual |
| Management fee | 1.3868% p.a. of the net assets of the Fund including recoverable expenses of 0.1568% p.a. (includes GST, net of RITC) |
| Performance fee | 20.5% (inclusive of GST) of excess performance above benchmark with outperformance high watermark (accrued daily, paid quarterly) |
| Issuer and responsible entity | The Trust Company (RE Services) Limited |
| Administrator | Apex Fund Services |
Performance
Performance of the Australian Eagle Trust (Long Short Fund) since inception on 1 July 2016
Most Recent Unit Price*
Download the historical unit prices here
(Long Short Fund)
Accumulation Index
performance
Australian Eagle Trust (Long Short Fund) | S&P 100 Accum. Index | Out/(under) performance | |
1 month | 0.41% | -1.54% | 1.95% |
3 months | -1.96% | 1.99% | -3.94% |
6 months | 2.05% | 8.59% | -6.54% |
1 year | 10.09% | 24.63% | -14.53% |
3 years (p.a.) | 4.53% | 8.73% | -4.20% |
5 years (p.a) | 9.91% | 8.54% | 1.37% |
7 years (p.a) | 11.60% | 9.30% | 2.31% |
Since inception | 13.77% | 10.07% | 3.70% |
Compound annual return | 13.87% | 10.39% | 3.48% |
Distribution per unit | Reinvestment price | |
June 2024 | 6.9400 cents | $2.4445 |
June 2023 | 4.4100 cents | $2.4041 |
June 2022 | 4.5500 cents | $2.1955 |
June 2021 | 1.5500 cents | $2.1605 |
June 2020 | 1.7500 cents | $1.7237 |
June 2019 | 5.7348 cents | $1.6648 |
June 2018 | 7.232 cents | $1.4812 |
Disclaimer
The information on this website relating to the Australian Eagle Trust (ARSN 632 568 846) (Fund) is issued by The Trust Company (RE Services) Ltd (ABN 45 003 278 831 AFSL 235150) as responsible entity and the issuer of units in the fund and has been prepared by Australian Eagle Asset Management Pty Limited ABN 89 629 484 840, a corporate authorised representative of Alleron Investment Management Pty Ltd, AFSL 278856, as investment manager of the fund. It is general information only and is not intended to provide you with financial advice, and has been prepared without taking into account your objectives, financial situation or needs. You should consider the product disclosure statement (PDS), prior to making any investment decisions. The PDS and target market determination (TMD) are available by calling Australian Eagle Asset Management on (02) 8252 7559 or visiting our website https://austeagle.com/wp-content/uploads/2024/09/Australian-Eagle-Trust-PDS_Apr24-Final-1.pdf. If you require financial advice that takes into account your personal objectives, financial situation or needs, you should consult your licensed or authorised financial adviser. This information is only as current as the date indicated, and may be superseded by subsequent market events or for other reasons. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. All investments contain risk and may lose value. Past performance is not indicative of future performance. Neither Australian Eagle Asset Management, Alleron Investment Management or any company in the Perpetual Group (Perpetual Limited ABN 86 000 431 827 and its subsidiaries) guarantees the performance of any fund or the return of an investor’s capital.
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Research ratings
Zenith – Recommended
Lonsec Research – Recommended
SQM – Outstanding
Zenith
The Australian Eagle Trust Long Short Fund has been rated Recommended
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 http://www.zenithpartners.com.au/RegulatoryGuidelines
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned June 2024) referred to in this document 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 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.
Lonsec Research
The Australian Eagle Trust Long Short Fund has been rated Recommended
Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria. For further information regarding Lonsec’s Ratings methodology, please refer to our website at: https://www.lonsec.com.au/
The Lonsec Rating (assigned September 2022) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421445. The Rating is a "class service" (as defined in the Financial Advisers Act 2008 (NZ)) or is limited to "General Advice" and based solely on consideration of the investment merits of the financial product(s). In New Zealand it must only be provided to "wholesale clients" (as defined in the Financial Advisers Act 2008 (NZ)). 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 [Fund Manager name] product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication.
SQM
The Australian Eagle Trust Long Short Fund has been rated Outstanding
The Australian Eagle Trust (Long Short Fund) has received a 4.5 star Outstanding rating from SQM Research assigned September 2023.
The rating contained in this document is issued by SQM Research Pty Ltd ABN 93 122 592 036 AFSL 421913. SQM Research is an investment research firm that undertakes research on investment products exclusively for its wholesale clients, utilising a proprietary review and star rating system. The SQM Research star rating system is of a general nature and does not take into account the particular circumstances or needs of any specific person. The rating may be subject to change at any time. Only licensed financial advisers may use the SQM Research star rating system in determining whether an investment is appropriate to a person’s particular circumstances or needs. You should read the product disclosure statement and consult a licensed financial adviser before making an investment decision in relation to this investment product. SQM Research receives a fee from the Fund Manager for the research and rating of the managed investment scheme.
Fund Awards
2022
Winner - 2022 Financial Newswire/SQM Research Fund Manager of the Year Award – Australian Equities – Large Cap – Australian Eagle Trust
2019
Investment platform availability
Investment Team
Led by Sean Sequeria, Chief Investment Officer, our six-person investment team has over 183 years of combined fund management experience. Having worked together for decades, they bring stability, expertise a proven and a commitment to delivering exceptional results.
Sean Sequeira
Chief Investment Officer
Alan Kwan
Senior Portfolio Manager
Daniel Chan
Investment Analyst
Harshita Saini
Investment Analyst
Mark Oliver
Senior Portfolio Risk Manager
Albert Hung
Chairman of Investments
Barry Littler
Chairman and Chief Executive Officer
Fund risks
Generally, the higher the expected return on an investment, the higher the expected risk. Traditionally, listed shares are generally considered more volatile (will experience greater fluctuations in value) than fixed income, while fixed income is generally more volatile than cash. Please review the Fund’s risks on Page 19 of the Fund’s Product Disclosure Statement.
A copy of the PDS can be found here.
How to invest
Institutional investors:
The Australian Eagle Trust (Long Short Fund) is available for eligible institutional wholesale investors.
Retail investors:
The Australian Eagle Trust (Long Short Fund) is available to retail investors and advisers.
Disclaimer
You should read the Product Disclosure Statement (PDS) before deciding to acquire the product.
The issuer of units in Australian Eagle Trust (ARSN 632 568 846) (Trust) is the Fund’s responsible entity The Trust Company (RE Services) Limited (ABN 45 003 278 831) (AFSL 235150), part of Perpetual Limited. Australian Eagle Asset Management Pty Limited (ABN 89 629 484 840) is the investment manager of the Trust.
The Product Disclosure Statement (PDS) contains all details of the offer. Copies of the PDS and Target Market Definition (TMD) are available to download from this page.
An investment in the Trust must be through a valid paper or online application form accompanying the PDS. Before making any decision to make or hold any investment in the Trust you should consider the PDS and TMD in full.
This is general information only and is not intended to provide you with financial advice and has been prepared without taking into account your investment objectives, financial situation or particular needs. You should consider your own investment objectives, financial situation and particular needs before acting upon any information provided and consider seeking advice from a financial advisor if necessary.
An investment decision should not be based simply on past performance. Past performance is not an indicator of future performance. Returns are not guaranteed and so the value of an investment may rise or fall. No company in the Perpetual Group (Perpetual Limited ABN 86 000 431 827 and its subsidiaries) guarantees the performance of any fund or the return of an investor’s capital
Frequently asked questions
Is this Fund suitable for me? – Target Market Determination (TMD)
The Australian Eagle Trust, Long-Short Fund is likely to be appropriate for a retail or wholesale investor seeking capital growth to be used as a core or satellite component within a portfolio that has a medium or long investment timeframe, a very high risk/return profile and needs daily access to capital. View the Target Market Determination here.
What is the Fund’s investment objective?
Where does the Fund invest?
Our Investment Team seeks to invest in superior quality stocks with a sensible risk buffer and hold those investments so that the longer-term advantages of those companies manifest in a superior rate of return. The investment process is designed to identify those stocks that have the most characteristics of a superior company, whilst also offering a valuation edge.
On the short side, the Fund seeks to sell companies that do not display these characteristics or rank poorly on such characteristics compared to the superior companies and exhibit poorer technical characteristics.
The process of finding companies is derived from a fundamental, bottom up-up research process, which has been consistently applied by our Investment Team since 2004.
The Fund typically invests in cash and cash equivalent instruments, Australian listed shares and other equity-like securities. The Fund may invest in listed and unlisted derivatives such as futures, contracts for difference (‘CFDs’), options and swaps on ASX listed companies or indices. These instruments will primarily be used as a risk management tool.
What is the minimum initial investment?
Can I make additional investments into the Fund?
What are the Fund’s Fees?
Management fee: 1.3868% p.a. of the net assets of the Fund including recoverable expenses of 0.1568% p.a. (includes GST, net of RITC)
Performance fee: 20.5% (inclusive of GST) of excess performance above benchmark with outperformance high watermark (accrued daily, paid quarterly)
Where can I view the Fund’s unit price?
Historic unit prices are available here.
How can I see my unit balance and investment value online?
There is an online portal that investors can access to see their balance and download all statements. You will need to register online with your details and investor number.
Access the client log in here
How do I redeem funds?
Investors may redeem all or part of their investments in the Fund by notifying the Administrator in writing. The minimum withdrawal is $5,000 and a $20,000 investment in the Fund must be maintained.
A withdrawal request must be signed by the unit holder or their authorised signatories. The signed original of the request for withdrawal should be sent to the Administrator:
Apex Fund Services Pty Ltd
GPO Box 4968
Sydney NSW 2000
Withdrawal requests must be received by 12pm (noon) Sydney time for an application to receive the unit price calculated for the close of business of that day. Withdrawals will generally be paid within 7 Business Days after the Administrator receives a properly completed original withdrawal request and the relevant unit price has been finalised. Proceeds from withdrawals will be electronically credited to your bank account. Note that normal bank charges apply.
Contact us
Institutional investors:
The Australian Eagle Equity Strategy (Long Only Fund) is available for eligible institutional wholesale investors.
For more information, please contact:
Chief Investment Officer, Australian Eagle Asset Management
Head of Institutional, Montgomery Investment Management
Retail investors and advisers:
Retail investors and their advisers can access Australian Eagle Equity Strategy (Long Only) portfolio through The Montgomery Fund and The Montgomery [Private] Fund.
For more information, please contact:
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