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 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 % | 1.06 | 0.98 | 0.08 |
| 3 mth % | 6.55 | 6.57 | -0.01 |
| 1 yr % pa | 11.69 | 17.50 | -5.81 |
| 3 yrs % pa | 9.50 | 7.26 | 2.24 |
| 5 yrs % pa | 12.27 | 10.76 | 1.50 |
| Since Inception † % pa | 8.66 | 7.63 | 1.04 |
As at 30 April 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.
Unit Prices
| Effective date | 23 Jun 2017 |
|---|---|
| Entry price | $1.1294 |
| Exit price | $1.1249 |
Distributions
| Frequency | Half Yearly |
|---|---|
| Period end | 31 Dec 2016 |
| Cents per unit | 1.3839 |
| Reinvestment price | $1.0990 |
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.
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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