ABOUT

Harvest Lane Asset Management Absolute Plus Fund (The Fund)

The Fund aims to deliver consistent positive rates of return, with low or no correlation to equity markets regardless of underlying market and economic conditions.

The Fund invests selectively when the potential exists to generate outsized rewards relative to the risk being incurred. Historically, the Manager has found many such opportunities have existed within the ‘event’ space and as such regularly invests in merger arbitrage situations, along with select capital raisings and other corporate actions.

Fundhost Ltd (ABN 69 092 517 087, AFSL 233045) is the trustee of the Harvest Lane Asset Management Absolute Plus Fund. The Investment Manager is Harvest Lane Asset Management Pty Ltd.

The price you receive

The Fund is forward priced, you will receive the price struck subsequent to the receipt of your application/redemption request.

IMPORTANT NOTICE REGARDING AMIT

Continuous Disclosure Notice AMIT August 2018

Fundhost has not elected into the Attribution Managed Investment Trust (AMIT) Regime for this Fund for the year ending 30 June 2018, as it did not meet the eligibility criteria.

Important Notice 05 April 2018

Update to diversification and position limits

Harvest Lane seeks to ensure that:

• no one position (defined as exposure to the same group) risks more than 4% of the Fund’s capital when the position is established. This can increase to no more than 10% over the life of the investment (although it will typically be much less than 10%). Importantly, please note that none of these risk measures and limits mean that your monies are capital protected in any way.
• no more than 20% of the portfolio will be invested in any one position
• net exposure of the Fund (long positions less short positions) is generally between 50% and 150% of the net asset value of the Fund and
• the Fund will generally hold 12-15 long positions and 5-10 short positions at all times

Note that at times the Fund may be fully invested in cash.

The above position limits are generally measured at the time of acquisition of an investment by the Fund.

The Fund will invest in listed equities and derivatives, as well as cash. Harvest Lane may, in its discretion, invest in derivatives to gain an intended exposure or manage a particular risk.

The investment strategy, and the other limits set out in the PDS, should be viewed as objectives only and not absolute limits. Should they be exceeded for any reason, for example due to market movements or cash flows, Harvest Lane will endeavour to effect such adjustments as are necessary to meet the limits set out in the PDS. If the investment program changes significantly, you will be given at least 30 days’ notice where practicable.”