Nikko AM Australian Share Concentrated Fund LT
The Fund aims to provide long-term capital growth and income by investing in a concentrated selection of shares before taking into account fees, expenses and tax. The Fund is constructed on a benchmark unaware basis,which means stock weightings in the Fund can vary considerably from the S&P/ASX 200 Index.
Over long term periods, the performance of the Fund should be compared against the S&P/ASX200 Accumulation Index. There is no guarantee that the Fund will achieve its total return objective or any other particular amount during any particular time.
Lower absolute volatility than the Index (at most stages of the economic cycle)
The yield bias of the Fund means the portfolio will typically hold stocks that have relatively higher earnings stability than the average, resulting in lower absolute volatility.
Good diversification benefits when blended with other styles
The highly concentrated portfolio, which has an absolute return focus and yield bias, offers investors an additional risk and return option for their investment portfolio.
Long track record in managing share income mandates
The Australian equities team has a 15-year track record in managing share income mandates for institutional clients.
Managed by a large, experienced & stable investment team
The 11-member Australian equities team has an average of 17 years’ industry experience and has been working together as a team for an average of 10 years.
The majority of the Australian equities team has direct equity ownership in a 50:50 joint venture company alongside Nikko AM Limited, which helps to maintain team stability and allows investment professionals to share in the team’s business success and growth.
- High conviction portfolio, invests in 15-25 stocks
- Total return focus, with a yield bias
- Targets a higher grossed up dividend yield than the market
- Performance may vary significantly from the Index over the short term due to the portfolio being constructed on an absolute return basis
- Typically has lower absolute volatility than the Index
- The Fund is likely to participate in off-market share buy-backs and may be suitable for low-tax paying investors
|Portfolio Managers||Tim Johnston & Jason Kim|
|Inception date||May 2013|
|Benchmark||S&P/ASX 200 Accumulation Index|
|Management Cost||1.00% p.a.|
|Minimum initial investment*||$100,000|
|Minimum additional investment*||$1,000|
|Distribution frequency^||Quarterly following 30 June, 30 September, 31 December, 31 March.|