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 | $33m |
| Distribution Frequency | Quarterly |
| Currency | AUD |
| APIR Code | WRA3342AU |
| ARSN | 642 392 041 |
Performance, Prices & Distributions
Net returns as at 31 October 2023
| 1 month % | 3 months % | FYTD % | 1 year % | 3 years % pa | 5 years % pa | 10 years % pa | Since inception (25/04/1996) % pa | |
|---|---|---|---|---|---|---|---|---|
| Fund | -3.97 | -9.38 | -6.37 | +1.75 | +8.10 | +5.16 | +6.18 | +9.27 |
| Benchmark | -3.80 | -7.29 | -4.61 | +2.51 | +8.68 | +7.15 | +6.57 | +8.30 |
| Relative Return | -0.17 | -2.09 | -1.76 | -0.76 | -0.58 | -1.99 | -0.39 | +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 |
Month-end Unit Price |
|
|---|---|---|
| Application | $1.5516 | $1.4601 |
| Redemption | $1.5485 | $1.4571 |
| Distribution Rate | Reinvestment Price | |
|---|---|---|
| 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 October 2023
| Stock Code | Company Name | Fund Weighting | Index | Variance |
|---|---|---|---|---|
| BHP | BHP Billiton Ltd | 12.8% | 11.1% | 1.7% |
| CSL | CSL Limited | 10.8% | 5.4% | 5.4% |
| MQG | Macquarie Group Ltd | 9.5% | 2.8% | 6.7% |
| TCL | Transurban Group | 8.4% | 1.8% | 6.6% |
| NAB | National Australia Bank | 6.1% | 4.2% | 1.9% |
| QAN | Qantas Airways | 5.2% | 0.4% | 4.8% |
| JHX | James Hardie Industries | 5.1% | 0.8% | 4.3% |
| SEK | Seek Limited | 4.6% | 0.4% | 4.2% |
| FPH | Fisher & Paykel H | 4.1% | 0.1% | 4.0% |
| CBA | Commonwealth Bank of Australia | 4.1% | 7.8% | -3.7% |
| Total | 70.7% | 34.8% | 35.9% |
Portfolio holdings are subject to change.
As at 31 October 2023
| 32.0% | Financials | |
| 19.0% | Industrials | |
| 18.0% | Materials | |
| 15.0% | Healthcare | |
| 7.0% | Communication Services | |
| 7.0% | Consumer Discretionary | |
| 1.0% | Energy | |
| 1.0% | Information Technology | |
| 1.0% | Cash | |
DIRECT INVESTORS - SUBMIT YOUR APPLICATION ONLINE
FINANCIAL ADVISERS - ACCESS THE ONLINE APPLICATIONS MANAGER
FUND RATINGS
| Platform |
|---|
| Netwealth |
Important Legal Information
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned WRA3342AU June 2023) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines.
The rating issued October 2023 is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2022 Lonsec. All rights reserved.
Past performance is not necessarily indicative of future performance.
This website is maintained by Warakirri Asset Management Limited (ABN 33 057 529 370) (Australian Financial Services Licence Holder No. 246782) and provides general product information only and does not constitute financial advice as it does not take into account an individual’s personal circumstances and is not an offer or solicitation to enter into an agreement. Investors should not rely on the information on this website and should refer to the Fund’s Product Disclosure Statement (PDS), Additional Information Booklet and TMD, and seek independent advice from their financial adviser. A PDS and TMD for the Fund is available on this website or by calling 1300 927 254. The PDS and TMD should be considered before making an investment decision. Investments entail risks, the value of investments can go down as well as up and investors should be aware they might not get back the full value invested. Portfolio holdings are subject to change.
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