The Fund aims to achieve an income return, whilst seeking to preserve the capital of the Fund over both rising and falling equity markets. In order to meet the income needs of investors the Fund currently intends to pay a distribution of at least 1.0% of Net Asset Value per quarter in cash, plus available franking credits paid annually, the amount of distributions paid from the Fund (if any) to unit holders may fluctuate on a year-on-year basis, as may the Fund’s unit price.
The Manager has a wide discretion over the investments that may be held by the Fund. The pursuit of a diverse range of investments means that the Fund’s returns are not necessarily dependent on the stock market’s direction, or dependent on any specific assumption or key market parameter. The Fund does not seek to replicate the standard industry benchmarks.
In selecting investments for the Fund the Manager follows a rigorous investment selection process which includes detailed qualitative and fundamental research. The catalyst for the Fund to enter a trade is identifying mispriced risk. This is assessed in the context of a broad portfolio of listed equities, options, and other instruments. The Investment Manager continually evaluates market indicators or risk, and seeks opportunities across a range of strategies – whilst having regard to the expected time horizon of each investment.
Once an investment decision is made, the implementation of the trade is conducted in parallel with an active focus on risk management. The Fund uses derivatives for risk management as well as to create new positions.
The Fund invests in opportunities that it considers to offer attractive risk return characteristics with a focus on potential catalysts that seeks to generate a profitable return regardless of the market direction.
How to Invest
You can apply for units within the Fund by following the steps below:
1. Read this PDS.
2. Complete the application form and client identification form at the end of this document and send them to the unit registry with cleared funds by 12.00noon (Sydney time) on the Business Day on which you wish to purchase units.
3. Alternatively you may invest through a Master Trust or Wrap platform. This investment strategy can be accessed as an unlisted managed fund through the following;
- Ausmaq (versions of Ausmaq)
- BT Wrap
- CFS Wrap
- Macquarie Wrap
4. Receive confirmation of your investment via email or post.