Platypus Australian Equities Fund
A high conviction growth fund with a small cap bias
About the Fund
The Platypus Australian Equities Fund invests in companies and trusts listed, or soon to be listed, on the Australian Stock Exchange that offer an opportunity for above-average returns through their growth potential.
Key differentiators for the Fund are:
- True-to-label growth style
- High conviction approach, generally holding 25-35 stocks
- Exposure to small caps
- Enviable long-term track record.
The Fund aims to outperform the S&P/ASX 300 Accumulation Index (before fees and expenses) over a rolling three-year rolling period.
Australian Unity Funds Management Limited is the Responsible Entity for the Fund.
Fund performance
Fund Snapshot
| APIR Code | AUS0030AU (Wholesale) |
|---|---|
| Minimum initial investment amount | $5,000 |
| Management fees | 0.9569% p.a. |
| Estimated Recoverable Expenses | 0.12% of the gross asset value of the Fund for the financial year ending 30 June 2017* |
| Performance fee | 15.375% of excess performance over the relevant performance hurdle.* |
| Buy/Sell spread | 0.20% / 0.20% |
* Effective 30 September 2017. Inclusive of the impact of RITC (Reduced Input Tax Credits). Refer to the PDS and Additional Information Document for more information about fees and costs for this Fund.
Performance
| Total Return1 | Benchmark* | Active Return | |
|---|---|---|---|
| 1 mth % | -3.07 | -3.73 | 0.66 |
| 3 mth % | -0.10 | -3.78 | 3.68 |
| 1 yr % pa | 16.24 | 2.86 | 13.38 |
| 3 yrs % pa | 7.39 | 3.92 | 3.48 |
| 5 yrs % pa | 11.26 | 7.62 | 3.63 |
| Since Inception † % pa | 7.49 | 5.25 | 2.24 |
As at 31 March 2018
1 Total Return is calculated after fees and expenses and assumes the reinvestment of distributions. Past performance is not a reliable indicator of future performance.
* Benchmark is S&P/ASX 300 Accumulation Index
† Inception date for performance calculations is 30 April 2006. Retail units are closed to new investors.
Unit Prices
| Effective date | 21 May 2018 |
|---|---|
| Entry price | $1.4871 |
| Exit price | $1.4812 |
Distributions
| Frequency | Half Yearly |
|---|---|
| Period end | 31 Dec 2017 |
| Cents per unit | 1.3290 |
| Reinvestment price | $1.3534 |
Investment approach
Platypus is a growth style manager with a small cap bias.
Our high conviction, quality-focused approach means we invest in fewer stocks than most other Australian equity funds (generally 20-40) and have a bias towards small caps.
Using a combination of top-down macroeconomic and bottom-up company analysis, we seek to add value by identifying investment opportunities with extended growth prospects at sensible prices. Shorter-term mispricing of stocks also offers valuable opportunities to add value to the Fund.
Why invest with Platypus?
Platypus provides investors with an Australian equity portfolio with demonstrably consistent growth style characteristics and an enviable track record.
We believe that when you invest in a relatively high-risk asset class like Australian equities, you should be seeking a risk-return outcome that’s significantly above the index.
Our fundamental belief is that companies should exhibit a track record of earnings and preferably dividend growth to be considered an investment proposition. We believe that share price performance over the medium to long-term is driven by consistent earnings growth; hence this is our primary focus.
How to Invest
If you would like to invest in this Fund, please contact your financial adviser.
Alternatively you can invest in this Fund directly.
Please ensure that you have read and understood the Product Disclosure Statement and Additional Information Document prior to completing the Fund application form.
For more information, speak to your financial adviser or contact us.
Units in this Fund are issued by Australian Unity Funds Management Limited ABN 60 071 497 115, AFS Licence No 234454. Information provided here is general information only and current at the time of publication and does not take into account your objectives, financial situation or needs. In deciding whether to acquire, hold or dispose of the product you should obtain a copy of the Product Disclosure Statement which is made available on this website and seek professional financial and taxation advice. This information is intended for recipients in Australia only. Past performance is not a reliable indicator of future performance.
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