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 $51m
Distribution Frequency Quarterly
Base Management Fee 0.82% 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 30 September 2021

1 month % 3 months % FYTD % 1 year % 3 years % pa 5 years % pa 10 years % pa Since inception (25/04/1996) % pa
Fund -0.46 +5.36 +5.36 +30.79 +6.58 +8.86 +10.57 +10.13
Benchmark -1.89 +1.79 +1.79 +30.86 +10.03 +10.52 +10.77 +9.01
Relative Return +1.43 +3.57 +3.57 -0.07 -3.45 -1.66 -0.20 +1.12

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 20 October 2021

Month-end Unit Price
Prices as at 30 September 2021

Application $1.601 $1.5806
Redemption $1.5978 $1.5774
Distribution Rate Reinvestment Price
30 September 2021 $0.01769377 $1.5806
30 June 2021 $0.00455648 $1.5169
31 March 2021 $0.00678727 $1.4201
31 December 2020 $0.00 N/A
30 September 2020 $0.00532058 $1.2315

Portfolio Holdings

As at 30 September 2021

Stock Code Company Name Fund Weighting Index Variance
BHP BHP Billiton Ltd 9.7% 5.1% 4.6%
TCL Transurban Group 9.7% 2.0% 7.7%
MQG Macquarie Group Ltd 8.2% 2.9% 5.3%
CSL CSL Limited 7.5% 6.2% 1.3%
CBA Commonwealth Bank of Australia 7.2% 8.6% -1.4%
JHX James Hardie Industries 6.6% 1.0% 5.6%
SYD Sydney Airport 6.5% 1.0% 5.5%
QAN Qantas Airways 6.1% 0.5% 5.6%
WOW Woolworths Group Ltd 5.7% 2.3% 3.4%
ANZ ANZ Banking Corporation 4.9% 3.7% 1.2%
Total 72.1% 33.3% 38.8%

Portfolio holdings are subject to change.

As at 30 September 2021

 
32.0% Financials
24.0% Industrials
17.0% Materials
12.0% Healthcare
6.0% Consumer Staples
4.0% Consumer Discretionary
3.0% Communication Services
1.0% Energy
0.5% Information Technology
1.0% Cash
 

FUND RATINGS

Platform
Netwealth