Investment Objective


A core holding which invests in a diversified selection of around 25 – 40 Australian companies and that is focused on maximising after-tax returns.

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

Ethical overlay incorporating both positive and negative components applied with a focus on sustainable businesses that exhibit sound Environmental, Social & Governance practices.

Fund Facts

Benchmark S&P/ASX300 Accumulation Index
Stock Range 25-40
Portfolio Turnover 20-30%
Inception Date 1 June 1993
Fund Size $263m
Distribution Frequency Quarterly
Base Management Fee 0.77% p.a.
Buy/Sell Spread 0.10% / 0.10%
Currency AUD
APIR Code WRA7701AU
ARSN 642 393 299

Performance, Prices & Distributions


Net returns as at 31 January 2021

1
month
%

3
months
%

FYTD
%

1
year
%

3
years
% pa

5
years
% pa

10
years
% pa

Since inception
(01/06/1993)
% pa

Fund -0.45 +9.88 +12.57 -3.03 +4.36 +6.85 +5.77 +10.99
Benchmark +0.33 +12.05 +14.10 -2.68 +7.13 +10.14 +7.77 +9.30
Relative Return -0.78 -2.17 -1.53 -0.35 -2.77 -3.29 -2.00 +1.69

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 1 April 2020.

Current Unit Price
Prices as at 25 February 2021

Month-end Unit Price
Prices as at 29 January 2021

Application $1.9158 $1.8694
Redemption $1.9119 $1.8656

Distribution Rate

Reinvestment Price

31 December 2020 $0.0078000 $1.8778
30 September 2020 $0.0060181 $1.6797

Portfolio Holdings

As at 31 January 2021

Stock Code Company Name Fund Weighting Index Variance
BHP BHP Billiton Ltd 9.9% 6.7% 3.2%
TCL Transurban Group 7.8% 1.9% 5.9%
CSL CSL Limited 7.8% 6.5% 1.3%
CBA Commonwealth Bank of Australia 6.1% 7.8% -1.7%
MQG Macquarie Group Ltd 6.1% 2.3% 3.8%
JHX James Hardie Industries 4.2% 0.9% 3.3%
WBC Westpac Banking Corporation 4.1% 4.0% 0.1%
WES Wesfarmers 4.0% 3.2% 0.8%
QAN Qantas Airways 3.8% 0.4% 3.4%
ASX Australian Stock Exchange 3.6% 0.7% 2.9%
Total 57.4% 34.4% 23.0%

Portfolio holdings are subject to change.

As at 31 January 2021

 
30.0% Financials
21.0% Industrials
16.0% Materials
12.0% Healthcare
9.0% Consumer Discretionary
3.0% Communication Services
2.0% Information Technology
2.0% Cash
2.0% Consumer Staples
1.0% Energy
1.0% Real Estate