CC Sage Capital Equity Plus Fund
An Australian equity active extension long short strategy that takes both long and short positions where the proceeds from the short positions are reinvested in long positions to retain exposure to the equity market.
The Fund aims to achieve positive returns in excess of the S&P/ASX 200 Accumulation Index, after fees and expenses, over the long term by taking both long and short positions in selected Australian shares. The Fund will typically hold between 100-120 positions.
| APIR Code |
CHN8862AU |
| Investment Objective* |
The Fund aims to achieve positive returns in excess of the Fund Benchmark, after fees and expenses, over the long term by taking both long positions and short positions in selected Australian shares. |
| Fund Benchmark |
S&P/ASX200 Accumulation Index |
| Investment Strategy |
The Fund uniquely blends fundamental and quantitative strategies to develop opportunities that generate return. This strategy generates concentrated and uncorrelated returns from fundamental investing, improving on returns derived from the breadth of the quantitative process. |
| Investment Guidelines# |
| Asset Class |
Range |
| Australian equities (long) |
90% – 150% |
| Australian equities (short) |
0% – 50% |
| Australian equities (net) |
90% – 100% |
| Cash and cash equivalents |
0% – 10% |
| Derivatives |
0% – 10% |
|
| Minimum Initial Investment |
$100,000^ |
| Pricing |
Priced daily |
| Distribution* |
Semi-annually at 31 December and 30 June. |
| Borrowings* |
The Fund will borrow stock to enable short positions as part of the investment strategy. The Fund will not borrow cash. |
* An investment in the Fund is subject to risk. Neither return nor distributions are able to be guaranteed. You should consider the risks of the Fund, including those in the PDS, before investing.
# Due to movements in the market or similar events, the guidelines set out above may not be adhered to from time to time. In these circumstances, Sage Capital will seek to bring the Fund’s investments back within the guidelines within a reasonable period of time.
^ Or less at the discretion of the Responsible Entity.
Research Ratings
The following information is only available to professional advisers. By clicking the Agree button below, you confirm that you are a professional adviser.
AgreeThe rating issued August 2023 is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2020 Lonsec. All rights reserved.
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) ratings (assigned 15 June 2023) 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. 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 https://www.zenithpartners.com.au/our-solutions/investment-research/fund-research-regulatory-guidelines/
