Investment Objective


A best ideas portfolio of around 20 – 40 global companies, designed to be a core international equity holding.

Seeking companies that exhibit quality characteristics such as sustainable growth, strong profitability, defendable market position, and strong balance sheets.

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 MSCI World Total Return Index with Net Dividends in AUD
Stock Range 20 – 40
Individual Stock Weight 0-10%
Inception Date 1 November 2016
Fund Size $43m
Distribution Frequency Semi-Annual
Base Management Fee 1.03% p.a.
Performance Fee 10.3% of after-management fee performance over the Benchmark subject to a relative high-water mark
Buy/Sell Spread 0.20% / 0.20%
Currency Unhedged
APIR Code WRA5182AU
ARSN 642 393 799

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 (01/11/2016) % pa
Fund -3.87 +5.75 +5.75 +19.84 +11.97 - - +14.54
Benchmark -3.02 +3.92 +3.92 +27.82 +12.86 - - +15.34
Relative Return -0.85 +1.83 +1.83 -7.98 -0.89 - - -0.80

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 May 2020.

Current Unit Price
Prices as at 20 October 2021

Month-end Unit Price
Prices as at 30 September 2021

Application $1.2727 $1.2890
Redemption $1.2676 $1.2839
Distribution Rate Reinvestment Price
30 June 2021 $0.04552057 $1.2189
31 December 2020 $0.00 N/A
30 June 2020 $0.4636 $1.0721

Portfolio Holdings

As at 30 September 2021

Company Name Sector Country Weighting
Dollar General Consumer Discretionary United States 7.6%
Electronic Arts Communication Services United States 6.6%
Techtronic Industries Industrials Hong Kong 6.0%
Becton Dickinson Health Care United States 5.1%
Marsh & Mclennan Cos Financials United States 5.0%
Cbre Group Real Estate United States 4.6%
Nvidia Information Technology United States 4.5%
New Informa Communication Services United Kingdom 4.3%
United Rentals Industrials United States 4.1%
Visa A Information Technology United States 3.7%
Total 51.5%

Portfolio holdings are subject to change.

As at 30 September 2021

 
18.0% Industrials
17.0% Information Technology
14.0% Communication Services
12.0% Financials
11.0% Consumer Discretionary
9.0% Healthcare
7.0% Real Estate
6.0% Consumer Staples
1.0% Materials
5.0% Cash
 

As at 30 September 2021

 
62.0% United States
10.0% Asia ex-Japan
10.0% United Kingdom
5.0% Japan
4.0% Scandinavia
4.0% Europe