Australian Equity Long Short Fund

The WaveStone Australian Equity Long Short Fund (the Fund) offers investors exposure to Australian equities that aims to outperform the S&P/ASX 300 Accumulation Index over the medium to long term through a high conviction portfolio.

Fund Facts
Objective	The Fund aims to provide a return (after fees and costs) that exceeds the Benchmark over the medium to long term.
Benchmark	^{^}S&P/ASX 300 Accumulation Index.
Stocks held	Between 25-45 short and 40-70 long positions.
Investment universe	The Fund will typically target a 130% long / 30% short portfolio structure, with a typical target net market exposure of 100%. In seeking to achieve its performance objective, the Fund may: invest in shares of companies listed, or intended to be listed within 12 months, on the Australian, New Zealand and international stock exchanges in other developed markets short sell a security where there is a belief that the security is overvalued or for hedging purposes use derivatives for risk management purposes borrow cash (gear) to invest in securities.
Minimum investment timeframe	At least five years
Minimum initial investment	$10,000 or $1,000 with Regular Savings Plan
Management fee	0.99% p.a. of the net asset value of the Fund
Performance fee	15% of the Fund’s return above the S&P/ASX 300 Accumulation Index
Distribution frequency	Generally Annually
APIR code	HOW0053AU

^ From 1 January 2014 to 19 October 2026, the benchmark of the Fund was the S&P/ASX 300 Accumulation Index. Prior to this, the benchmark of the Fund was the RBA Cash Rate. You should read the Fund’s Target Market Determination (TMD) and the Fund’s Product Disclosure Statement (PDS) to ensure the key attributes of the Fund as described in the TMD and PDS aligns with your objectives, financial situation and needs. These documents are available on the Invest Online page on this website.

^^Effective 20 October 2026 the Fund changed its investment objective and name. The Fund was previously the WaveStone Dynamic Australian Equity Fund.