ALFA
VanEck Australian Long Short Complex ETF
ALFA
VanEck Australian Long Short Complex ETF
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NAV$22.82
as at 08-Oct-26 -
Total Net Assets$36.63M
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Dividend Frequency1 each year
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Management fee (p.a.)0.39%*
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Inception Date21-Jan-25
Overview
Fund description
ALFA is an actively managed, high conviction, systematic long short Australian equity strategy that aims to outperform the S&P/ASX 200 Accumulation Index over the medium to long term after fees and other costs.
Benchmark: S&P/ASX 200 IndexWhy consider ALFA?
High conviction long short strategy
Unconstrained high conviction Australian equity portfolio that targets long and short positions.
Active systematic approach
A dynamic quantitative stock selection approach utilising sophisticated computations and programmed learning designed to be agnostic of market cycle and style rotations.
Outperformance potential
Alternate Australian equity strategy that aims to deliver excess return over the medium to long-term.
Who is TICKER suitable for?
Performance
Dividends
Election of Dividend Reinvestment Plan (DRP)
You can elect DRP by logging into MUFG’s Investor Centre. Once you are logged in, please proceed to the “Payments and Tax” tab and select “Reinvestment Plans”.
Documents & insights
Research and resources
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Name
Update schedule - Monthly
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ALFA quarterly portfolio disclosure
As required
Documents
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Name
Update schedule - As required
- As required
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Material portfolio information
Daily -
NZ investors - Warning statements
As required -
NAV & premium/discount history
Daily - As required
- As required
- As required
- Annually
Market announcements
Frequently asked questions
A long short ETF is an exchange traded fund that invests in securities expected to increase in value (‘long’ positions) and bets against securities expected to decrease in value (‘short’ positions). This means a long short ETF can potentially profit from both rising and falling prices. The performance of the long short ETF depends, in part, on how successfully it identifies which securities to buy and which to short.
The VanEck Australian Long Short Complex ETF (ALFA) is an actively managed long short ETF which aims to outperform the S&P/ASX 200 over the medium to long term. To learn more, download the ALFA brochure.
As the first Australian equity long short ETF available to trade on ASX, the VanEck Australian Long Short Complex ETF takes a unique long short approach utilising dynamic quantitative stock selection. The quantitative screening process for the ALFA long short ETF evaluates more than 15,000 investment signals and refines the selection to 150-200 signals, which are applied to all companies in the investable universe to create a composite score for each company. Companies are scored with the top companies selected as the long positions, and the bottom companies are selected as the short positions. Systematic weighting and active risk constraints are applied to final portfolio construction, with the portfolio repositioned periodically.
Learn more about the launch of the first Australian equity long short ETF.
Traditional equity ETFs invest in a selection of companies and, unlike long short ETFs, typically hold long-only positions. As a result, they generally benefit when the companies they invest in perform well and their share prices rise, while declining share prices detract from performance.
By contrast, VanEck’s actively managed long short ETF aims to profit from stocks that are going up as well as those that are going down. By identifying mispriced stocks for both long and short positions, the long short ETF ALFA aims to outperform the S&P/ASX 200 over the mid to long term.
View ALFA’s latest quarterly portfolio disclosure.
Long short equity strategies are designed to profit from stocks that are going up as well as those that are going down, meaning a long short ETF can potentially derive value in any market condition. By contrast, traditional equity ETFs can only profit from share price movements when those prices rise.
A long short approach has been around since the 1940s and is a common approach used by hedge funds and other actively managed funds. A long short ETF makes this strategy accessible through the convenience of an ETF, allowing investors to buy and sell on an exchange such as the ASX, just as they would individual shares.
ALFA was the first active long short Australian equities ETF on ASX.
Download the ALFA brochure for more information.
Investing in a long short ETF carries more risk than investing in a traditional equity ETF that does not engage in short selling and leverage. Risks associated with ALFA, a long short ETF, include those associated with short selling risk, leverage risk, prime broker risk, counterparties risk, concentration risk, operational risk and material portfolio information risk. For more information, check the VanEck Australian Long Short Complex ETF PDS and TMD.
Past performance is not indicative of future performance.
