AQR Wholesale Managed Futures Fund
Australian Domiciled Unit Trust ARSN: 147 951 791 APIR Code Class 1P: PER0634AU
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Investment Objective
The investment objective of the AQR Wholesale Managed Futures Fund (“Fund”) is to seek to produce attractive risk-adjusted returns while targeting a low long-term average correlation to traditional markets. The Fund will seek to achieve returns from a managed futures trading strategy in excess of the Bloomberg AusBond Bank Bill Index, over the medium to long-term.
Investment Approach
To pursue its investment objective, the Fund will be actively managed and will primarily invest in a portfolio of futures contracts and derivative instruments across the asset classes of commodities, currencies, fixed income, equities and alternative markets (which includes credit and volatility) (the “Asset Classes”). This universe of investments is subject to change under varying market conditions and as these Instruments evolve over time. AQR uses a proprietary, systematic and quantitative process which utilises both price and economic data, with the aim to identify and benefit from price trends across the Asset Classes. AQR generally expects that the Fund will have exposure in long and short positions across all Asset Classes, but at any one time the Fund may emphasise one or two of the asset classes or a limited number of exposures within an individual asset class.
The Fund’s investment program is speculative and entails risks. There is no guarantee that the Fund’s investment objective will be achieved or that the Fund will provide any particular rate of return. The Fund is intended for use as a satellite-to-minor allocation for an investor who is seeking capital growth and has a high to extremely high risk and return profile for that portion of their investment portfolio. It is likely to be consistent with the financial situation and needs of an investor with a minimum 5 year investment timeframe and who is unlikely to need access to their capital on less than one week’s notice. The Fund is only available to investors who qualify as Wholesale Clients or investors who have received personal financial advice from a licensed financial advisor. There is no guarantee that the investment approach employed by the Fund will remain as above, that any component of the above approach will not be discontinued or that the Fund’s goals will not change over time. Please consider all sections of the Fund's Product Disclosure Statement (“PDS”), Target Market Determination document (“TMD”) and obtain financial advice before deciding whether to invest in the Fund.
Investment Minimums
| Minimum Initial Investment | AU$25,000 |
|---|---|
| Minimum Additional Investment | AU$5,000 |
Unitholder
| Entry, Exit and Switching Fees | 0.00% |
|---|---|
| Buy/Sell Spread | 0.00%/0.10% |
Management Fees and Costs
The Management Fees and Costs (excluding performance fees) of the Class 1P Units are currently 1.34% per annum of the NAV of the Class, plus 10% net performance above the Fund's benchmark.
Basic Information
Investor Documents
Data Download
Identification And Tax Status Declaration Forms
Following recent amendments to the Corporations Act ; where you have provided us with your email address, we will now send notices of meetings, other meeting-related documents and annual financial reports (each a “Communication”) to you electronically unless you elect to receive these in physical form and notify us of this election.
You have the right to elect whether to receive some or all of these Communications in electronic or physical form and the right to elect not to receive annual financial reports at all. You also have the right to elect to receive a single specified Communication on an ad hoc basis, in an electronic or physical form.
Investment Inquiries
Telephone: 1800 778 019 in Australia or +61 2 8023 6500
Fax: +61 2 8023 6510
Email: investorinquiries@aqr.com
Accessing Funds
Our Funds can be accessed in two ways:
- Direct application via the Product Disclosure Statement (“PDS”).
- Through an Investor Directed Portfolio Service (“IDPS”).
To invest, please read and consider the PDS, the TMD document and obtain financial advice.
IDPS Availability
- Asgard
- BT Panorama
- Hub24
- Macquarie Wrap
- Netwealth
- PowerWrap
- Praemium
The Fund’s investment program is speculative and entails risks. There is no guarantee that the Fund’s investment objective will be achieved or that the Fund will provide any particular rate of return. The Fund is intended for use as a satellite to minor allocation for an investor who is seeking capital growth and has a high to extremely high risk and return profile for that portion of their investment portfolio. It is likely to be consistent with the financial situation and needs of an investor with a minimum 5 year investment timeframe and who is unlikely to need access to their capital on less than one week’s notice. The Fund is only available to investors who qualify as Wholesale Clients or investors who have received personal financial advice from a licensed financial advisor. There is no guarantee that the investment approach employed by the Fund will remain as above, that any component of the above approach will not be discontinued or that the Fund’s goals will not change over time. Please consider all sections of the Fund's Product Disclosure Statement (“PDS”), Target Market Determination document (“TMD”) and obtain financial advice before deciding whether to invest in the Fund. The Fund referred to is issued by Perpetual Trust Services Limited, ABN48000142049. Perpetual is not the publisher of this information and takes no responsibility for its content.
AQR Capital Management, LLC, is exempt from the requirement to hold an Australian Financial Services License under the Corporations Act 2001, pursuant to ASIC Class Order 03/1100 as continued by ASIC Legislative Instrument 2016/396, (as extended by instrument). AQR is regulated by the Securities and Exchange Commission ("SEC") under United States of America laws and those laws may differ from Australian laws.