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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 & Marc Whittaker |
| Benchmark | RBA Cash Rate |
| Inception | 1 July 2018 |
| ARSN | 624 888 035 |
| APIR | IML2681AU |
| 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 0.993% (includes net effect of GST) of the NAV of the Fund |
Performance
| 1mth | 3mth | 6mth | 1yr | 2yrs^ | 3yrs^ | 5yrs^ | 10yrs^ | Since inception^ |
|
|---|---|---|---|---|---|---|---|---|---|
| Income | 0.0% | 0.0% | 2.2% | 5.5% | 6.4% | 6.5% | 5.5% | - | 5.4% |
| Growth | -0.6% | -0.1% | 0.3% | 3.5% | 0.6% | 0.4% | 0.6% | - | 0.8% |
| Total Return | -0.6% | -0.1% | 2.5% | 9.0% | 7.0% | 6.9% | 6.1% | - | 6.2% |
| Benchmark* | 0.4% | 1.1% | 2.2% | 4.4% | 4.0% | 2.9% | 1.9% | - | 1.7% |
^ 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 |
|---|---|---|
| 20 Nov 2024 | $1.0598 | $1.0534 |
| 19 Nov 2024 | $1.0626 | $1.0562 |
| 18 Nov 2024 | $1.0603 | $1.0539 |
| 15 Nov 2024 | $1.0573 | $1.0509 |
| 14 Nov 2024 | $1.0561 | $1.0497 |
Distribution information
| Period ending | Amount (cents per unit) |
|---|---|
| June 2024 | 2.3722 cpu |
| December 2023 | 3.0000 cpu |
| June 2023 | 4.5962 cpu |
| December 2022 | 3.0000 cpu |
| June 2022 | 4.4666 cpu |
| December 2021 | 2.0000 cpu |
| June 2021 | 2.6718 cpu |
| June 2020 | 5.3332 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 (%) | |||
|---|---|---|---|
| FY23 | FY22 | FY21 | FY20 |
| 34.3% | 31.4% | 51.0% | 36.2% |
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
SQM Research - Superior
Zenith - Recommended
Financial Newswire & SQM Research- Fund Manager of the Year 2022 Winner - Emerging Funds
Financial Newswire & SQM Research- Fund Manager of the Year 2022 Finalist - Long/Short Equities
How to invest
Direct investors can click Invest Now for a step-by-step guide to investing with IML. The Private Portfolio Fund is also available on the following platforms:
AMP North | Hub 24 | Macquarie Wrap | Mason Stevens | Netwealth | Dash
The rating contained in this document is issued by SQM Research Pty Ltd ABN 93 122 592 036 AFSL 421913. SQM Research is an investment research firm that undertakes research on investment products exclusively for its wholesale clients, utilising a proprietary review and star rating system. The SQM Research star rating system is of a general nature and does not take into account the particular circumstances or needs of any specific person. The rating may be subject to change at any time. Only licensed financial advisers may use the SQM Research star rating system in determining whether an investment is appropriate to a person’s particular circumstances or needs. You should read the product disclosure statement and consult a licensed financial adviser before making an investment decision in relation to this investment product. SQM Research receives a fee from the Fund Manager for the research and rating of the managed investment scheme.
The Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating (assigned 21 February 2024) 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. © 2024 Lonsec. All rights reserved.
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