Unit Price 16 May 2024:
Entry $0.9887
|
Exit $0.9827
Performance Since Inception at 30 Apr 2024 7.0% pa

Fund Overview

Our Private Portfolio Fund uses a dynamic, opportunistic approach to investing that leverages IML’s skills in stock selection and income generation combined with corporate events (like demergers, takeovers and capital issues) to deliver consistent returns with lower volatility than the ASX and greater resilience when markets drop. It is managed by Tuan Luu and Marc Whittaker.

  • Suitable for: investors wanting consistent positive returns with lower volatility than the ASX
  • Invests in: 40-50 Australian companies listed on the ASX
  • Investment timeframe: 4+ years
  • Investment objectives: returns 3% above the RBA Cash Rate on a rolling four-year basis

Fund Facts

Portfolio Managers Tuan Luu and Marc Whittaker
Benchmark RBA Cash Rate
Inception 5 May 2022
ARSN 624 888 035
APIR IML7090AU
Distribution frequency Half-yearly
Peformance fee Performance fee 10.25% (includes net effect of GST) of performance in excess of 3% above the Benchmark. The performance fee is capped at 1.5% of the average Net Asset Value (NAV) in each financial year.
Management fee Management Fee 0.70% (includes net effect of GST) of the NAV of the Fund.

Performance

Net Performance as at 30 Apr 2024
1mth 3mth 6mth 1yr 2yrs^ 3yrs^ 5yrs^ 10yrs^ Since
inception^
Income 0.0% 0.0% 3.2% 8.0% - - - - 8.2%
Growth -0.5% 1.2% 3.4% -2.2% - - - - -1.2%
Total Return -0.5% 1.2% 6.6% 5.8% - - - - 7.0%
Benchmark* 0.4% 1.1% 2.1% 4.2% - - - - 3.3%

^ Performance per annum

* The benchmark for this fund is the RBA Cash Rate.

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.

Unit Prices

Date Entry Exit
16 May 2024 $0.9887 $0.9827
15 May 2024 $0.9852 $0.9794
14 May 2024 $0.9849 $0.9791
13 May 2024 $0.9859 $0.9801
10 May 2024 $0.9856 $0.9798
These are historical entry and exit prices, based upon our most recent valuation, however you may not receive these prices should you apply for, or redeem units on or after the time of this communication. Cut-off times for applications and redemptions are set out in the product disclosure statement of the fund.

 

 

Distribution information

Period ending Amount (cents per unit)
December 2023 3.0000 cpu
June 2023 4.6500 cpu
December 2022 3.0000 cpu
June 2022 4.6590 cpu

For the tax components of your investment please check your AMMA statement or Contact us for more information.
Past performance is not indicative of future performance as a result past distributions are not indicative of future distributions.

How to invest

The Investors Mutual Private Portfolio Fund – class B units are only available for investment by invitation from the RE.

To invest in the Fund directly, please read IML’s Financial Services Guide and follow the steps below.

The minimum initial investment in Class B Units of the Fund is to be negotiated with the RE.

How to invest

Step 1: Disclosure Documents

If you are interested in investing directly with us it is important that you read and consider the relevant disclosure documents carefully before deciding whether to invest and before lodging an application for units in the Fund to ensure you understand how the Fund works and the risks involved.

Product Disclosure Statement – Private Portfolio Fund (Class B Units)
Target Market Determination – Private Portfolio Fund (Class B Units)

Step 2: Application Form

Application Form

Please note this form is applicable to all the IML suite of Funds.

Please complete the application form and provide the supporting identification documents required for your application, as required under the Anti-Money Laundering and Counter Terrorism Financing Act 2006 of Australia.

Please complete the additional FATCA form form if you are an overseas resident:

Step 3: Send

Please print and provide all relevant identification documents as indicated duly certified. We cannot accept applications without these documents.

Please send the completed form to:

Investors Mutual Ltd
C/- Citi Unit Registry Australia
GPO Box 764
Melbourne VIC 3001

Step 4: Transfer funds

Payment should be made by direct credit to the following account:

Account Name: IML AS RE – APPLICATIONS ACCOUNT <Investor name>

BSB: 242-000

Account Number: 209 802 007

 

Existing investors

The following forms can be used by existing investors in the Private Portfolio Fund (Class B Units)

Additional Investment Form
Withdrawal Form
Switch Form
Change of Details Form

Continuous disclosure

Date

Notice

30 November 2023 Effective immediately, the Application form for the Investors Mutual Private Portfolio Fund (Class B units) has been updated to include a TMD questionnaire

If mailing your application form, please note that the previous version of the PDF form will be accepted for a grace period up until 31 December 2023.

Application Form

26 October 2023 The Target Market Determination (TMD) has been updated for the Investors Mutual Private Portfolio Fund (Class B units)
 Key changes: 

  • Tailored the ‘Target Market Summary’ to be more specific to the product in order to describe the level of intended portfolio allocation and risk profile with sufficient granularity.  
  • Amber indicators have been removed from the TMD Indicator Key to ensure that the target markets are defined unambiguously.  
  • Consumer attributes and related descriptions have been updated to comply with the updated FSC template and ASIC guidance.  
  • Distribution conditions have been updated to include issuer and third party distributor conditions.  
  • Review triggers have been updated to include, inter alia, material or high number of complaints received about a product. 

 

Jason Guthrie & Bruce Du
Michael, Tuan, Lucas, Simon of IML with Money Management finalist badges
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Simon Conn and Jason Guthrie on IML podcast
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