Unit Price 12 Apr 2024:
Entry $1.0572
|
Exit $1.0508
Performance Since Inception at 31 Mar 2024 6.5% 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 & 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

Net Performance as at 31 Mar 2024
1mth 3mth 6mth 1yr 2yrs^ 3yrs^ 5yrs^ 10yrs^ Since
inception^
Income 0.0% 0.0% 2.9% 7.5% 7.4% 6.6% 6.4% - 5.6%
Growth 1.8% 2.4% 2.4% -0.2% -0.6% 1.7% 0.2% - 0.9%
Total Return 1.8% 2.4% 5.3% 7.3% 6.8% 8.3% 6.6% - 6.5%
Benchmark* 0.3% 1.1% 2.1% 4.1% 3.1% 2.1% 1.5% - 1.5%

^ 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.

Disclaimer: This graph represents the dollar value of your investment if you had invested $10,000 (or your chosen amount) given your chosen time horizon versus the benchmark for the Fund with the same dollar value invested and time horizon. The fund dollar value is based upon performance for the fund, which has been calculated using the exit price, net of management fees and assuming the reinvestment of distributions. No allowance has been made for tax. The RE does not guarantee the performance of any Fund, repayment of capital or any particular rate of return. Past performance is not a reliable indicator future performance. Returns can be volatile, reflecting rises and falls in the value of the underlying investments. Investors should seek independent advice as to the suitability of the Fund to their investment needs. This is general information only and does not take into account your objectives, financial situation or needs.

Unit Prices

Date Entry Exit
12 Apr 2024 $1.0572 $1.0508
11 Apr 2024 $1.0583 $1.0519
10 Apr 2024 $1.0595 $1.0531
09 Apr 2024 $1.0583 $1.0519
08 Apr 2024 $1.0561 $1.0497
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.

 

IML does not guarantee the performance of any Fund, repayment of capital or any particular rate of return. Performance returns are calculated using the exit price, net of management fees and assuming the reinvestment of distributions. No allowance is made for tax. Past performance is not a reliable indicator of future performance. Returns can be volatile, reflecting rises and falls in the value of the underlying investments. Investors should seek independent advice as to the suitability of the Fund to their investment needs. This is general information only and does not take into account your objectives, financial situation or needs.

Distribution information

Period ending Amount (cents per unit)
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
June 2019 6.5196 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
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

Fund Manager of the Year 2022 Winner - Emerging Funds

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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