Platypus Systematic Growth Fund

A low cost, highly diversified systematic fund

About the Fund

Academic literature and our own research suggest that stock price momentum is, on average, the largest driver of returns of the Australian share market. As such, the Platypus Systematic Growth Fund concentrates its investments to companies in the ASX 300, using a systematic approach to provide a factor tilt towards high quality momentum.

This approach differentiates the Fund by:

  • A low cost, systematic approach
  • Adding value through portfolio construction rather than stock selection
  • A quantitative strategy based on empirical evidence and Australian academic research to capture key drivers of the Australian share market
  • Diversified, generally holding 80-110 stocks

Australian Unity Funds Management Limited is the Responsible Entity for the Fund.

Fund information

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Fund performance

Fund Snapshot

APIR Code AUS0036AU
Minimum initial investment amount $5,000
Management fees 0.4124% p.a.
Estimated Recoverable Expenses 0.1045% of the net asset value of the Fund for each financial year ending 30 June
Performance fee 15.375% of the excess of performance over the relevant performance hurdle*
Buy/Sell spread 0.20% / 0.20%

* Refer to the Product Disclosure Statement (PDS) for more information about Performance fees

Performance

Total Return1 Benchmark* Active Return
1 mth % -0.06 0.22 -0.28
3 mth % -1.72 -1.57 -0.15
1 yr % pa 5.41 13.82 -8.41
3 yrs % pa 8.69 6.64 2.05
5 yrs % pa 13.11 11.63 1.48
Since Inception † % pa 8.07 7.09 0.98

As at 30 June 2017

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 November 2009.

View Performance History

Unit Prices

Effective date 17 Aug 2017
Entry price $0.9638
Exit price $0.9599
View Unit Price History

Distributions

Frequency Half Yearly
Period end 30 Jun 2017
Cents per unit 18.6427
Reinvestment price $0.9452
view distribution History

Investment process

This Fund adds value through a top-down portfolio construction process, rather than stock selection. This approach is also known as ‘smart-beta’.

The ‘smart-beta’ approach for this Fund is based on academic literature and our own research which suggests that a stock price momentum is, on average, the largest driver of returns of the Australian share market. As such, this ‘smart-beta’ Fund provides a factor tilt towards high quality momentum in a risk controlled manner.

The portfolio is well diversified; generally holding between 80-110 stocks. It will generally be overweight in small capitalisation stocks.

Why invest with Platypus?

The Platypus systematic process is designed to create a low-cost, risk controlled diversified exposure to factors that are proven to add value in the Australian equities market.

Empirical evidence and academic research show that growth and momentum are persistent drivers of the Australian equity market performance. The Fund uses these factors to reweight the index thus exploiting the main drivers of Australian equities, whilst improving the risks inherent in the published benchmark indices.

The Fund is managed by Peter Brooke, who is responsible for all aspects of quantitative research at Platypus.

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.

Download application form

For more information, speak to your financial adviser or contact us.

Important information

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.