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 $71m
Distribution Frequency Quarterly
Currency AUD
APIR Code WRA3342AU
ARSN 642 392 041

Performance, Prices & Distributions


Net returns as at 31 March 2024

1 month % 3 months % FYTD % 1 year % 3 years % pa 5 years % pa 10 years % pa Since inception (25/04/1996) % pa
Fund +2.27 +3.57 +11.62 +11.99 +9.88 +7.88 +7.82 +9.81
Benchmark +3.26 +5.43 +13.28 +14.40 +9.43 +9.15 +8.27 +8.84
Relative Return -0.99 -1.86 -1.66 -2.41 +0.45 -1.27 -0.45 +0.97

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 11 April 2024

Month-end Unit Price
Prices as at 31 March 2024

Application $1.7018 $1.7266
Redemption $1.6984 $1.7232
Distribution Rate Reinvestment Price
31 March 2024 $0.02820210 $1.7249
31 December 2023 $0.02255223 $1.6708
30 September 2023 $0.01446666 $1.5189
30 June 2023 $0.00216666 $1.5726
31 March 2023 $0.00888945 $1.5695
31 December 2022 $0.00588007 $1.4860
30 September 2022 $0.02473100 $1.3738
30 June 2022 $0.02638005 $1.4191
31 March 2022 $0.0115454 $1.5947
31 December 2021 $0.00188564 $1.6174
30 September 2021 $0.01769377 $1.5790
30 June 2021 $0.00455648 $1.5154
31 March 2021 $0.00678727 $1.4187
31 December 2020 $0.00 N/A
30 September 2020 $0.00532058 $1.2303

Portfolio Holdings

As at 31 March 2024

Stock Code Company Name Fund Weighting Index Variance
BHP BHP Billiton Ltd 11.0% 9.3% 1.7%
CSL CSL Limited 10.8% 5.8% 5.0%
MQG Macquarie Group Ltd 9.8% 3.0% 6.8%
TCL Transurban Group 7.7% 1.7% 6.0%
NAB National Australia Bank 6.4% 4.5% 1.9%
JHX James Hardie Industries 5.5% 1.1% 4.4%
QAN Qantas Airways 4.9% 0.4% 4.5%
BXB Brambles Limited 4.5% 0.9% 3.6%
FPH Fisher & Paykel H 4.1% 0.2% 3.9%
CBA Commonwealth Bank 3.7% 8.3% -4.6%
Total 68.4% 35.2% 33.2%

Portfolio holdings are subject to change.

As at 31 March 2024

 
28.0% Financials
24.0% Industrials
18.0% Healthcare
16.0% Materials
6.0% Consumer Discretionary
4.0% Communication Services
1.0% Energy
2.0% Information Technology
2.0% Cash
 

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FINANCIAL ADVISERS - ACCESS THE ONLINE APPLICATIONS MANAGER

FUND RATINGS

Platform
Netwealth
North