Registry LOGINFund Overview
Our Future Leaders Fund has been rewarding investors with attractive returns and income since its inception in 2002. The Fund invests in high-quality, undervalued companies listed on the ASX, outside the Top 50. The fund is managed by Simon Conn and Marc Whittaker.
- Suitable for: investors wanting attractive capital growth and income
- Invests in: 50-70 Australian companies outside the ASX top 50
- Investment timeframe: 4+ years
- Investment objective: exceed the returns of the S&P/ASX 300 Accumulation index (ex. S&P/ASX50 and property trusts) on a rolling four-year basis.
Fund Facts
| Portfolio Managers | Simon Conn & Marc Whittaker |
| Benchmark | S&P/ASX 300 Accumulation Index (ex. S&P/ASX50, ex LPT) |
| Inception | 1 May 2002 |
| ARSN | 093 182 828 |
| APIR | IML0003AU |
| Distribution frequency | Generally semi-annually |
| Peformance fee | 15.375% (15% inclusive of the net effect of GST) of the change in value of the Redemption Price that exceeds the change in the value of the Fund’s Benchmark. |
| Management fee | 0.993% p.a. of the net assets of the fund (includes net effect of GST) |
Performance
| 1mth | 3mth | 6mth | 1yr | 2yrs^ | 3yrs^ | 5yrs^ | 10yrs^ | Since inception^ |
|
|---|---|---|---|---|---|---|---|---|---|
| Income | 0.0% | 0.0% | 2.1% | 4.6% | 7.3% | 5.8% | 5.6% | 8.2% | 9.2% |
| Growth | 3.9% | -3.1% | 2.6% | 3.0% | -11.7% | -3.0% | -3.1% | -1.9% | -0.3% |
| Total Return | 3.9% | -3.1% | 4.7% | 7.6% | -4.4% | 2.8% | 2.5% | 6.3% | 8.9% |
| Benchmark* | 5.7% | -4.9% | -1.3% | -2.7% | -4.2% | 3.0% | 7.4% | 8.4% | 8.2% |
^ Performance per annum
* The benchmark for this fund is the S&P/ASX 300 Accumulation Index (ex. S&P/ASX50, ex LPT).
Fund returns are calculated using the exit price, net of management fees, assuming all distributions are reinvested with no allowance for tax. Past performance is not a reliable indicator future performance.
Sector and stocks
| Company Name | ASX code | Sector | % weight |
|---|---|---|---|
| Aurizon Holdings Limited | AZJ | Industrials | 4.2% |
| SG Fleet Group Limited | SGF | Industrials | 3.5% |
| A2B Australia Limited | A2B | Industrials | 3.4% |
| Ampol Limited | ALD | Energy | 3.3% |
| Skycity Entertainment Group Limited | SKC | Consumer Discretionary | 3.2% |
| Kelsian Group Limited | KLS | Industrials | 3.1% |
| Bega Cheese Limited | BGA | Consumer Staples | 3.1% |
| Orica Limited | ORI | Materials | 3.0% |
| Australian Clinical Labs Limited | ACL | Health Care | 2.9% |
| Clearview Wealth Limited | CVW | Financials | 2.7% |
Fund holdings as at 30 Nov 2023
Unit Prices
| Date | Entry | Exit |
|---|---|---|
| 07 Dec 2023 | $0.9495 | $0.9447 |
| 06 Dec 2023 | $0.9479 | $0.9431 |
| 05 Dec 2023 | $0.9310 | $0.9264 |
| 04 Dec 2023 | $0.9393 | $0.9347 |
| 01 Dec 2023 | $0.9335 | $0.9289 |
Distribution information
| Period ending | Amount (cents per unit) |
|---|---|
| June 2023 | 1.8903 cpu |
| December 2022 | 2.0000 cpu |
| June 2022 | 8.6588 cpu |
| December 2021 | 3.0000 cpu |
| June 2021 | 0.6867 cpu |
| December 2020 | 1.0000 cpu |
| June 2020 | 0.3324 cpu |
| December 2019 | 3.5000 cpu |
For more information please refer to our Performance page – distributions and reports.
Past performance is not a reliable indicator of future performance as a result past distributions are not indicative of future distributions.
Past performance is not a reliable indicator of future performance as a result past distributions are not indicative of future distributions.
| Franking level (%) | ||||
|---|---|---|---|---|
| FY22 | FY21 | FY20 | FY19 | FY18 |
| 20.8% | 101.6% | 85.5% | 51.2% | 30.7% |
This is not tax advice. it is important that you seek professional taxation advice that takes into account your particular circumstances before you invest or deal with your investment.
Ratings and awards
How to invest
Direct investors can click Invest Now for a step-by-step guide to investing with IML. The Future Leaders Fund is also available on the following platforms:
AMP North | ANZ/IOOF Oasis | Asgard | BT Panorama | CFS Firstwrap | Growwrap | Hub 24 | Infocus | IOOF Expand | IOOF Pursuit | IOOF Rhythm | Macquarie Wrap | Mason Stevens | MLC Wrap | Netwealth | Perpetual Wealthfocus | Portfolio Care | Powerwap | Praemium | Sandhurst | Dash
© 2023 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘class service’ have been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (FSG) for more information at //www.morningstar.com.au/s/fsg.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser.
The Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating (assigned 1 March 2023) referred to in this document is limited to “General Advice” (as defined by the 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. 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. Zenith usually charges the product issuer, fund manager or a related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessment’s and at http://www.zenithpartners.com.au/RegulatoryGuidelines
The rating issued 09/2023 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.
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