The Peregrine Fund delivers a disciplined, systematic approach to high-conviction, shorter-duration investments in Australian equities (ex-ASX 100), with methodical execution and strong risk management.
Structure: | Australian wholesale unit trust. |
InvestorType: | Sophisticated and/or wholesale investors only. |
Investment Strategy: | The Fund will invest primarily in liquid, exchange-traded securities (excluding ASX-100 constituents), including Australian and New Zealand listed equities and listed ETFs and may hold cash where appropriate. |
Minimum Investment: | AUD$100,000 |
Applications & Redemptions: | Applications and redemptions are processed monthly. |
Distributions: | Yearly, in the event there is distributable income. |
Management Fee: | Nil. |
Buy/Sell Spread: | Nil. |
Fund Cost Recovery: | 0.30% p.a. (Capped). |
Performance Fee: | A Performance Fee of 25% of the Unit Return above a 6.00% per annum hurdle, calculated and accrued daily and payable half-yearly (if applicable). |
Number Of Investments: | Portfolio of 0-40 investments. |
Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Total Return** | |
FY26 | - | - | - | - | - | - | - | - | -2.69% | - | - | - | +0.55% |
We respect price trends and behavioural dynamics. Positive momentum often signals improving fundamentals and a shift in investor psychology — we position the Fund to benefit from it rather than fight it.
Every new position is initiated at a fixed 5% weight at cost - right-sized from day one, with momentum confirmation before sizing up further.
A systematic sell framework, including a portfolio-wide stop-loss and momentum analysis - limits losses, protects capital, and frees up capacity to redeploy into better opportunities.
A diversified mandate, paired with stop-loss provisions and momentum screens, structurally reduces the impact of black swan events on the Fund.
We go far and wide, unconstrained by index weights, across market cap, sectors, developed markets and ETFs, as long as the security is listed & what we deem to be liquid.
The portfolio is designed to be able to be liquidated within 10 business days. Every position is sized and selected with the awareness of how easily we can enter or exit, especially in volatile or stressed markets.
Our Monthly Investment Report provides you with the Fund performance, portfolio sector exposure and contribution metrics of the underlying investment portfolio.
Join our investment community and tap into a wealth of knowledge from the NAOS investment team.
By subscribing below, you consent to NAOS using your personal information in accordance with its Privacy Policy, a copy of which is available here.
Units in the Peregrine Fund (‘Fund’) are issued by NAOS Asset Management Limited (ABN 23 107 624 126, AFSL 273529) (‘NAOS’). The Fund is a wholesale unit trust open to eligible wholesale and sophisticated investors only. This material is provided for general information purposes only and must not be construed as investment advice. It does not take into account the investment objectives, financial situation or needs of any particular investor. Before making an investment decision, you should determine whether you are an eligible wholesale or sophisticated investor. You should also read the Information Memorandum for the Fund, and investors should consider obtaining professional investment advice that is tailored to their specific circumstances. Past performance is not necessarily indicative of future results and no person guarantees the future performance of the Fund, the amount or timing of any return from the Fund, or that the investment objectives of the Fund will be achieved. Nothing contained herein constitutes a solicitation, recommendation, endorsement or offer to buy or sell any units in the Fund or any other financial instruments in any place in which, or to any person to whom, it would not be lawful to make such an offer.
Join our investment community. Be the first to receive NAOS News, Insights and Invitations.
