Paragon Australian Long Short Fund

Thematic-led, concentrated long/short Australian equities fund with an all-cap mandate

Fund Overview

The Paragon Australian Long Short Fund, a registered retail and wholesale fund, is suitable to investors with a medium to long-term investment horizon seeking strong risk-adjusted absolute returns.

Since inception, the Paragon Fund has achieved double-digit annualised returns, in excess of its medium to long-term investment objective. With a flexible investment mandate across all Australian listed market caps, Paragon focuses on stock picking within the industrials and resources sectors.

Key features of the Fund are listed below. A detailed outline of the Fund can be found in the PDS.

Since inception, the Paragon Fund has achieved double-digit annualised returns, in excess of its medium to long-term investment objective.

Inception Date

1 March 2013

Investment Strategy

Australian listed equities primarily within the industrials and resources sectors. Fundamental, active, all-cap long/short strategy with a long bias

Objective

Absolute returns in excess of 10% p.a. over a 3-5 year time horizon uncorrelated to the Australian equities market

Recommended Timeframe

5 - 7 years

Investment Vehicle

Australian resident unit trust available to both wholesale and retail investors via a PDS

Unit Pricing

Daily

Applications and Withdrawals

Daily

Minimum Investment

$25,000

Additional Investment

$5,000

Fees

1.5% management fee, 0.25% expenses recovery and a 20% performance fee subject to a 5% p.a. hurdle and a perpetual high watermark

Distribution

Annually

No. of Stocks

20 - 50

Exposure Limits

25% net short to 150% net long and a maximum of 200% gross

Liquidity

At least 80% of the portfolio can be liquidated within 10 business days at all times