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 $30.6m
Distribution Frequency Semi-Annual
Management Fees 1.20% 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 31 October 2020

1
month
%

3
months
%

FYTD
%

1
year
%

3
years
% pa

5
years
% pa

10
years
% pa

Since inception
(01/11/2016)
% pa

Fund -3.30 -0.57 +0.65 +2.17 +8.23 - - +11.99
Benchmark -1.07 +1.96 +2.57 +2.27 +8.44 - - +11.78
Relative Return -2.23 -2.53 -1.92 -0.10 -0.21 - - +0.21

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 26 November 2020

Month-end Unit Price
Prices as at 30 October 2020

Application $1.1095 $1.0791
Redemption $1.1051 $1.0748

Distribution

Distribution

Reinvestment Price

30 June 2020 $0.4636 $1.0721

CPU = cents per unit.

Portfolio Holdings

As at 31 October 2020

Company Name Sector Country Weighting
Dollar General Consumer Discretionary United States 8.5%
Electronic Arts Communication Services United States 8.3%
Becton Dickinson Health Care United States 6.6%
Cerner Corp Health Care United States 5.4%
Visa A Information Technology United States 5.4%
Marsh & Mclennan Cos Financials United States 5.1%
American Tower Corp Real Estate United States 4.9%
Techtronic Industries Industrials Hong Kong 4.6%
Uni-Charm Corp Consumer Staples Japan 4.5%
Givaudan-Reg Materials Switzerland 4.5%
Total 57.8%

Portfolio holdings are subject to change.

As at 31 October 2020

 
19.0% Information Technology
15.0% Healthcare
13.0% Consumer Discretionary
11.0% Communication Services
11.0% Financials
4.0% Materials
9.0% Consumer Staples
5.0% Real Estate
8.0% Industrials
4.0% Cash
 

As at 31 October 2020

 
61.0% United States
7.0% Europe
9.0% Asia ex-Japan
7.0% Scandinavia
7.0% Japan
5.0% United Kingdom