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 $39m
Distribution Frequency Semi-Annual
Management Fee 1.24% 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 April 2022

1 month % 3 months % FYTD % 1 year % 3 years % pa 5 years % pa 10 years % pa Since inception (01/11/2016) % pa
Fund -2.55 -9.86 -5.07 +0.98 +6.07 +8.99 - +10.72
Benchmark -3.11 -8.96 -1.00 +4.87 +9.78 +11.07 - +12.62
Relative Return +0.56 -0.90 -4.07 -3.89 -3.71 -2.08 - -1.90

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 25 May 2022

Month-end Unit Price
Prices as at 29 April 2022

Application $1.1151 $1.1547
Redemption $1.1107 $1.1501
Distribution Rate Reinvestment Price
31 December 2021 $0.00283022 $1.3547
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 April 2022

Company Name Sector Country Weighting
Dollar General Consumer Discretionary United States 9.0%
Becton Dickinson Health Care United States 8.1%
Electronic Arts Communication Services United States 7.7%
Marsh & Mclennan Cos Financials United States 5.7%
Visa A Information Technology United States 5.6%
Techtronic Industries Industrials Hong Kong 4.9%
Intertek Group Industrials United Kingdom 4.7%
New Informa Communication Services United Kingdom 4.3%
United Rentals Industrials United States 4.3%
Cbre Group Real Estate United States 3.6%
Total 57.9%

Portfolio holdings are subject to change.

As at 30 April 2022

 
19.0% Industrials
18.0% Information Technology
14.0% Communication Services
11.0% Financials
10.0% Consumer Discretionary
9.0% Healthcare
7.0% Real Estate
7.0% Consumer Staples
1.0% Materials
4.0% Cash
 

As at 30 April 2022

 
62.0% United States
12.0% United Kingdom
8.0% Asia ex-Japan
6.0% Europe
5.0% Japan
3.0% Scandinavia
 

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