Investment Objective


A concentrated portfolio of 15 – 30 Australian companies with the flexibility to take meaningful positions.

Primary focus is to identify quality businesses that offer above average growth prospects and high rates of return on equity over the long term.

A strong emphasis on high-quality businesses aimed at delivering resilient and sustained performance.

Fund Facts

Benchmark S&P/ASX300 Accumulation Index
Stock Range 15 - 30
Portfolio Turnover 20-30%
Inception Date 25 April 1996
Fund Size $45.2m
Distribution Frequency Quarterly
Management Fees 1.03% p.a.
Performance Fee 20.5% of after-management fee performance over the Benchmark subject to a relative high-water mark
Buy/Sell Spread 0.10% / 0.10%
Currency AUD
APIR Code WRA3342AU
ARSN 642 392 041

Performance, Prices & Distributions


Net returns as at 31 August 2020

1
month
%

3
months
%

FYTD
%

1
year
%

3
years
% pa

5
years
% pa

10
years
% pa

Since inception
(25/04/1996)
% pa

Fund +4.2 +5.0 +2.7 -8.8 +3.3 +6.0 +7.7 +9.5
Benchmark +3.0 +6.2 +3.7 -4.8 +6.2 +7.6 +7.7 +8.4
Relative Return +1.2 -1.2 -1.0 -4.0 -2.9 -1.6 0.0 +1.1

Past performance is not a reliable indicator of future performance. The return of capital is not guaranteed.
Northcape Capital was appointed the underlying investment manager effective 30 April 2020.

Current Unit Price
Prices as at 18 September 2020

Month-end Unit Price
Prices as at 31 August 2020

Application $1.2294 $1.2596
Redemption $1.2270 $1.2559

Distribution

Distribution

Reinvestment Price

30 June 2020 $0.0000 N/A

Portfolio Holdings

As at 31 August 2020

Stock Code Company Name Fund Weighting Index Variance
TCL Transurban Group 11.2% 2.1% 9.1%
BHP BHP Billiton Ltd 10.8% 6.4% 4.4%
CSL CSL Limited 9.8% 7.6% 2.2%
MCQ Macquarie Group Ltd 9.1% 2.5% 6.6%
CBA Commonwealth Bank of Australia 7.8% 7.1% 0.7%
JHX James Hardie Industries 5.3% 0.8% 4.5%
QAN Qantas Airways 5.0% 0.4% 4.6%
ASX Australian Stock Exchange 4.4% 1.0% 3.4%
WOW Woolworths Group Ltd 4.2% 2.9% 1.3%
SYD Sydney Airport 3.7% 0.9% 2.8%
Total 71.3% 31.7% 39.6%

Portfolio holdings are subject to change.

As at 31 August 2020

 
32.0% Financials
25.0% Industrials
17.0% Materials
12.0% Healthcare
4.0% Consumer Staples
3.0% Energy
3.0% Communication Services
2.0% Information Technology
1.0% Cash
1.0% Consumer Discretionary