Key Highlights

  • The fund primarily invests in Australian equities in both long and short positions, with proceeds from short positions reinvested in longs.
  • The fund can be up to 150 percent long and up to 50 percent short, with net market exposure typically between 80 and 100 percent.
  • Basic materials are 29.34 percent of the portfolio, compared with 23.82 percent for the category.
  • Management fees and costs are 0.90 percent, and the listing shows 119 companies.

The Firetrail Alpha Plus Fund - Complex ETF (ASX:FIRE) invests primarily in Australian equities through long and short positions, combining stock selection with market exposure management. On 4 November 2026 the units were quoted at $11.14, unchanged from the previous close, with no units traded in the session. The fund was admitted on 4 March 2026 and sits in the Equity Australia Long Short category.

Fund detail

Information

Ticker

ASX:FIRE

Benchmark

S&P/ASX 200 TR AUD

Category

Equity Australia Long Short

Admitted

4 March 2026

Management fees and costs

0.90%

Turnover ratio

Not reported on the listing

Total fund holdings

119 companies

Last price (4 November 2026)

$11.14

ISIN

AU60WHT18412

Long and short positioning

The fund is fully equitised, with proceeds from short positions reinvested in long positions so the fund keeps equity market exposure. It can be up to 150 percent long and up to 50 percent short, resulting in net exposure typically between 80 and 100 percent.

The listing shows stock at 135.56 percent of the portfolio and cash at negative 35.83 percent, reflecting the long and short structure.

Sector and country exposure

Basic materials are 29.34 percent against 23.82 percent for the category, and technology 10.31 percent against 5.11 percent. Financial services are 14.22 percent against 23.89 percent, and real estate 4.19 percent against 6.37 percent.

Australia accounts for 81.34 percent of geographic exposure, with the United States at 9.65 percent and Switzerland at 3.63 percent.

Largest holdings and notices

BHP Group leads at 8.92 percent, followed by Santos at 4.12 percent and Commonwealth Bank of Australia at 4.05 percent. Newmont, ResMed CDI, Megaport, Minerals 260, QBE, Glencore and Gemlife complete the top ten.

The fund published its September 2026 Investment update on 13 October 2026, with Derivatives and units on issue disclosures issued on 7 October 2026.

Final Word

The fund's structure combines long and short equity positions with a net exposure that varies with the manager's view of the market. Its 0.90 percent fee and the range of gross exposures are the principal figures on the listing, and readers can review the monthly investment updates for further detail on the positioning.