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

  • Portfolio Managers:
    Anton Tagliaferro and Tuan Luu
  • Benchmark:
    RBA Cash Rate
  • Inception:
    1 July 2018
  • ARSN:
    624 888 035
  • APIR:
    IML2681AU
  • Distribution Frequency:
    Half-yearly
  • 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.
  • 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
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
SQM Research  4.25 stars - Superior

 

SQM 4.25 stars

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.

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