TRENDS Managed Futures Strategy Fund

PIC9659AU

Updated 18 April 2024

Fund Fact Sheet Product Disclosure Statement (AU)

W'SALE

DAILY NAV
$0.9913
MONTH END NAV
$0.9667
(as of 31/03/2024)
FYTD RETURN
-1.66%
(as of 31/03/2024)
CLASS
Alternatives
FUND INCEPTION DATE
13/12/2018
TOTAL NET ASSETS
$217 MM
(as of 31/03/2024)

FUND INCEPTION DATE
13/12/2018
TOTAL NET ASSETS
$217 MM
(as of 31/03/2024)
APIR CODE
PIC9659AU
CLASS
Alternatives

Objective

The Fund seeks positive, risk-adjusted returns, consistent with prudent investment management.

Investments Held

Futures contracts and other derivatives providing exposure to pricing trends in the global financial and commodity markets.

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Overview

Fund Overview

The TRENDS Managed Futures Strategy seeks to provide positive returns when investors need them the most, particularly during equity market downturns, by capturing momentum across equities, fixed income, currencies, and commodities.

Investor Benefits

Return: Attractive potential return in a low-return world

Independent: Seeks to profit from market moves in any direction

Crisis alpha: Aims to provide diversification during risk market sell offs

Why Invest In This Fund

Adapting quickly to new trends

This helps to increase diversification benefits, because our shorter-term trend windows aim to quickly respond to changes in markets.

Getting the most out of the biggest trends

We scale up positions when trends are strong, and reduce them if trends are weak. This may increase performance when trends are strong, potentially leading to higher returns.

Actively managing collateral

A core PIMCO proficiency, actively managed collateral provides an additional source of potential alpha for investors. There are no hidden fees on collateral management.

Incorporating forward-looking macro insight into research

Insights from our time-tested macroeconomic investment process are incorporated into model design, acknowledging that the future may not look like the past.

All investments, including investments in managed investment schemes such as the Fund, come with a degree of risk. Risks associated with this Fund include, but are not limited to, Derivatives Risk, Model Risk, Leveraging Risk, Commodity Risk, Equity Risk, Interest rate Risk and Management Risk. For further risk information associated with the Fund, please read the Fund’s Product Disclosure Statement.

Service Providers

There has been no changes to the key service providers, related party status of the Fund, the Fund’s risk profile, the Fund’s strategy and the investment team.

PRIMARY BENCHMARK

Bloomberg AusBond Bank Bills Index

PRIMARY BENCHMARK DESCRIPTION

The Bloomberg AusBond Bank Bills Index is an unmanaged index representative of the total return performance of Australian money market securities. It is not possible to invest in an unmanaged index.

DISTRIBUTION FREQUENCY

Annually with Daily Accrual

SHARE CLASS INCEPTION

APIR Code

PIC9659AU

Currency

AUD

Yields & Distributions

Historical Prices & Distributions

Estimated Yield to Maturity as of 31/03/2024	10.22%
Latest Dividend Distribution ($ Share)¹ as of 30/06/2022	$0.08377
Dividend Distribution (FYTD) as of 30/06/2022	$0.08377

Yields & Distributions Footnotes & Disclosures

disclosures

¹Distribution is paid annually in June.

Fees & Expenses

Management Fee	-
Total Expense Ratio (excluding interest expense)	-
Total Expense Ratio (including interest expense)	-

Unified Fee	-

Management Fee (%)	0.00%
Management Expense Ratio (%)	-

Total Annual Management Fee %²	1.5%

Management Fee (on Net Assets)	0.000%
Management Fee (on Total Managed Assets)	-

Fees & Expenses Footnotes & Disclosures

disclosures

²Management fees quoted are inclusive of Goods and Services Tax (GST) and net of any Reduced Input Tax Credits (RITC) at the prescribed rate, which is currently either 55% or 75% (depending on the nature of the fee or expense).

In addition to the Management Fee there may be other fees and costs associated with an investment in this fund. For a detailed explanation on fees and costs please refer to the Product Disclosure Statement

Performance

Average Annual Returns
Cumulative Returns

All data as of

Month End
Quarter End

All data as of

Month End
Quarter End

Click here to view the Price and Performance for all Australia

Past performance is not a reliable indicator of future results. Fund performance is quoted net of fees and expenses and assumes the reinvestment of all distributions but does not take into account personal income tax.

Fiscal Year Returns %

All data as of

Growth of $10,000 (hypothetical)

Morningstar and Lipper

Morningstar Ratings
Lipper Rankings

Performance Footnotes & Disclosures

disclosures

Performance figures presented reflect the total return performance after fees and reflect changes in share price and reinvestment of dividend and capital gain distributions on the payable date. All periods longer than one year are annualized.

Monthly YTD return is from the most recent calendar year end.

Growth of $10,000 is calculated at NAV and assumes that all distributions were reinvested. It does not take into account fees or the effect of taxes. Results are not indicative of future performance.

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FUND INCEPTION DATE

TOTAL NET ASSETS

(as of 31/03/2024)

APIR CODE

CLASS

Fund Overview

Investor Benefits

Why Invest In This Fund

Adapting quickly to new trends

Getting the most out of the biggest trends

Actively managing collateral

Incorporating forward-looking macro insight into research

Service Providers

PRIMARY BENCHMARK

PRIMARY BENCHMARK DESCRIPTION

DISTRIBUTION FREQUENCY

SHARE CLASS INCEPTION

APIR Code

Currency

Matt Dorsten

Graham A. Rennison

disclosures

disclosures

All data as of

All data as of

Fiscal Year Returns %

All data as of

Growth of $10,000 (hypothetical)

Morningstar and Lipper

disclosures

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