Fund Summary

Lodestar Capital Partners


Lodestar Australian Strategic Share Fund

Product Disclosure Statement - [pdf, 1.92MB]

Lodestar Fund Profile [pdf, 1.6MB]

Lodestar Manager Profile [pdf, 1.6MB]


 Fund Category
Australian Shares - Specialist

Inception Date
1 March 2007

Investment Objective

The Fund aims to generate equity-like returns with lower volatility than the Australian equity market over a full investment cycle.

Investment Universe

The Fund’s investment universe is predominantly companies and other securities listed on the Australian Securities Exchange (ASX). The Fund’s maximum shareholding in any one company is 10% unless the market weight of the share in the S&P/ASX 200 Index is above 10%. Typically the Fund will hold between 30 and 55 long positions and between 5 and 15 short positions that reflect the best opportunities identified by Lodestar.

Cash may also be used as a safe haven to preserve capital. Lodestar may hold up to 100% of the value of the Fund in cash.

Lodestar may also use derivatives such as futures or options to either enhance returns or to protect the capital of the Fund. Additionally, Lodestar may gear the portfolio to seek to increase returns. The Fund’s investment guidelines restrict gearing to two times the Fund’s net asset value.

Suitable Investors

The Fund may suit you if:

  • you recognise the greater long-term wealth creation potential of Australian shares relative to other asset classes;
  • you wish to benefit from an actively managed Australian share portfolio that allows the investment manager to take both long and short positions;
  • you wish to benefit from an investment manager that is able to use cash as a safe haven to preserve capital;
  • you can benefit from franking credits;
  • you are able to accept the volatility that can be associated with investing in growth assets; and
  • you understand the benefits and risks associated with geared investments, derivatives and short selling.

Research House Ratings

Please refer to the relevant Research House for current ratings.		 Recommended Investment Timeframe
5 years +

Performance @ 30 Sep 2010 Since Inception
Trust: - 0.27%
90 day Bank Bill Rate: + 5.64%
S&P/ASX 200: - 2.20%

Note: Past performance is not indicative of future results. The Fund performance is net of all fees. The indices are not managed and do not incur fees and expenses.

Application / Withdrawal Fees
Nil

Management Fee*
1.025% p.a.

Performance Fee*
20.5% of returns (net of fees and expenses) in excess of the 90 day Bank Bill rate and after recouping any prior period underperformance.

Buy / Sell Spread
+0.25% on application
and -0.25% on withdrawal.

Income Distribution
Generally calculated half yearly, on 30 June and 31 December. However, there may be periods in which no distributions are made or Fund may make additional distributions.

* includes GST