A high conviction Australian equities portfolio

Australian equities can offer investors an exposure to the growth potential of leading Australian businesses. The Warakirri Concentrated Australian Equities Fund offers investors an actively managed, high quality portfolio of Australian companies with above average growth prospects over the long term. Utilising a “quality” approach, the Fund is managed by our specialist investment partner, Northcape Capital, who are a dedicated, well established, highly skilled and passionate team that has successfully been managing Australian equities since 2004. Using a disciplined investment process focused on rigorous fundamental research, with ESG considerations incorporated into the investment decision making process, the team are tightly focused on “hand picking” a concentrated portfolio of the highest quality business at reasonable prices.

Investment Objective


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

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

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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 $72m
Distribution Frequency Quarterly
Currency AUD
APIR Code WRA3342AU
ARSN 642 392 041

Performance, Prices & Distributions


Net returns as at 30 June 2024

1 month % 3 months % FYTD % 1 year % 3 years % pa 5 years % pa 10 years % pa Since inception (25/04/1996) % pa
Fund +1.81 -1.65 +9.78 +9.78 +6.79 +6.28 +7.55 +9.66
Benchmark +0.92 -1.20 +11.92 +11.92 +6.08 +7.22 +8.04 +8.71
Relative Return +0.89 -0.45 -2.14 -2.14 +0.71 -0.94 -0.49 +0.95

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 16 July 2024

Month-end Unit Price
Prices as at 30 June 2024

Application $1.733 $1.6939
Redemption $1.7296 $1.6905
Distribution Rate Reinvestment Price
30 June 2024 $0.00420139 $1.6922
31 March 2024 $0.00564986 $1.7249
31 December 2023 $0.00808557 $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 30 June 2024

Stock Code Company Name Fund Weighting Index Variance
BHP BHP Billiton Ltd 12.3% 9.1% 3.2%
CSL CSL Limited 11.3% 6.0% 5.3%
MQG Macquarie Group Ltd 9.6% 3.1% 6.5%
TCL Transurban Group 7.1% 1.6% 5.5%
BXB Brambles Limited 6.1% 0.9% 5.2%
NAB National Australia Bank 5.9% 4.8% 1.1%
QAN Qantas Airways 5.1% 0.4% 4.7%
TLS Telstra Corporation 4.7% 1.8% 2.9%
JHX James Hardie Industries 4.2% 0.9% 3.3%
FPH Fisher & Paykel H 3.9% 0.2% 3.7%
Total 70.2% 28.8% 41.4%

Portfolio holdings are subject to change.

As at 30 June 2024

 
27.0% Financials
24.0% Industrials
18.0% Healthcare
17.0% Materials
6.0% Consumer Discretionary
5.0% Communication Services
1.0% Energy
1.0% Information Technology
2.0% Cash
 

DIRECT INVESTORS - SUBMIT YOUR APPLICATION ONLINE

FINANCIAL ADVISERS - ACCESS THE ONLINE APPLICATIONS MANAGER

FUND RATINGS

Platform
BT Panorama
Macquarie Wrap
Netwealth
North

FAQs


What is the Warakirri Concentrated Australian Equities Fund (“Fund”)?

The Fund is an actively managed investment fund that provides investors with access to a hand-selected, high conviction portfolio of Australian stocks that is different to the benchmark. The Fund aims to achieve long-term capital growth through a disciplined and proven investment process.

What is the investment team’s approach to managing Australian Equities?

The investment team believe investing in “quality” companies with a long-term investment horizon is the key to protecting investor wealth on the downside, while capturing steady capital growth over time. Watch this video to learn more about a quality approach to investing in Australian equities.

What is the investment strategy of the Fund?

The Fund utilises an active management approach. The Fund’s investment manager seeks to invest in a concentrated portfolio of no more than 30 high quality businesses invested over an average time frame of three or more years based on their growth potential.

What benchmark is the Fund measured against?

The Fund’s benchmark is the S&P ASX 300 Accumulation Index. This index tracks the top 300 Australian listed companies across large-cap and mid-cap stocks.

Who is the investment manager?

Northcape Capital is an international boutique fund manager fully owned by its staff. Northcape specialise in managing concentrated high-quality equity portfolios and has delivered significant value-added returns since their establishment in 2004, facilitating growth in funds under management to more than A$10 billion.