Private Portfolio Fund
Fund overview
Investors Mutual launched the Private Portfolio Fund in 2018 to mark the founding of IML 20 years earlier. Leveraging IML’s strength in bottom-up, fundamental research to identify opportunities, the approach to investing is benchmark unaware and unconstrained - focussed only on achieving the portfolio’s investment objectives of positive net returns and low volatility.
Fund Facts
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Portfolio Managers:Anton Tagliaferro and Tuan Luu
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Benchmark:RBA Cash Rate
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Inception:1 July 2018
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ARSN:624 888 035
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APIR:IML2681AU
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Distribution Frequency:Half-yearly
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Performance fee:Performance fee 10.25% (including GST net of RITC) 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.
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Management fee:Management Fee 0.993% (including GST net of RITC) of the NAV of the Fund
Investment Objective
The Fund aims to provide a rate of return (after fees and expenses and before taxes) which is 3% above the return of the RBA Cash Rate on a rolling four-year basis.
Investment Strategy
The Fund aims to generate consistent positive returns with low correlation to equity market directions, and aims to diversify its investments across its three core strategies:
1. Relative value: investing in reasonably valued assets with attractive characteristics and at times short-selling overvalued and/or structurally challenged assets.
2. Events: targeting corporate event catalysts such as takeovers, M&A, buybacks, capital issues and restructures.
3. Income: utilising IML’s research and stock-selection capabilities target inefficiencies in the market and to derive income from prudent option strategies.
The Fund will not be financially leveraged / geared, in that it will not borrow cash to gear the portfolio.
Net Performance
This fund was launched on 1 July 2018, therefore limited historical data is available.
Unit Prices
This fund was launched on 1 July 2018, therefore limited historical data is available.
Distribution Information
Period Ending | Distribution |
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December 2020 | Nil |
June 2020 | 5.3 cpu |
December 2019 | nil |
June 2019 | 6.5 cpu |
For more information please refer to our Distributions page
Past performance is not indicative of future performance as a result past distributions are not indicative of future distributions.
This fund was launched on 1 July 2018, therefore limited distributions have been paid to date.
Ratings
Researcher | Rating |
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Zenith | Recommended |
SQM Research | 4.25 stars - Superior |
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