The Yarra Ex-20 Australian Equities Fund provides investors with access to a diverse, balanced investment universe with lower stock and sector concentration.
Access companies and industries offering strong medium to long-term growth potential
The Yarra Ex-20 Australian Equities Fund seeks superior returns, providing investors with access to a diverse and balanced portfolio offering strong growth potential over the medium to long-term.
In excluding the largest 20 stocks on the Australian Securities Exchange by market capitalisation (‘ASX20’), the Fund aims to outperform the S&P/ASX 300 ex S&P/ASX 20 Accumulation Index over rolling three-year periods. The portfolio typically holds between 15 – 30 stocks, providing investors with a concentrated portfolio built around stock-specific insights.
A diverse, balanced opportunity set
There is a significant concentration of Banking and Resources companies amongst the largest 20 stocks on the Australian Securities Exchange. By excluding these companies, a focused portfolio of 15 – 30 high-quality businesses provides a diverse, balanced investment universe with lower stock and sector concentration.
Harnessing more opportunities
The large investment universe enables access to a substantial number of large, mid and small-cap companies.
A fundamental approach which is well suited to Ex-20 investing
Our active and bottom-up investment approach is well suited to Ex-20 investing, where stock prices do not always accurately reflect their underlying valuation or risk profile.
Opportunities are identified through fundamental, bottom-up analysis, a balance of investment styles and from insights gathered from more than 1,600 meetings held each year.
Significant Investor Visa compliant
An investment in the Yarra Ex-20 Australian Equities Fund can be used as the ‘balancing investment’ component of a ‘complying significant investment’ for the purpose of applying for a significant investor visa¹.
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To achieve medium-to-long term capital growth through exposure to Australian Securities Exchange listed securities excluding the largest 20 by market capitalisation (as defined by S&P/ASX 20 Index). In doing so, the aim is to outperform the S&P/ASX 300 ex S&P/ASX 20 Accumulation Index over rolling three-year periods
S&P/ASX 300 ex S&P/ASX 20 Accumulation Index
Typical number of stocks
15 - 30
Recommended investment timeframe
Long-term 5-7+ years
Gross returns as at 28 February 2019
From June 25 2018
1 Mth %
3 Mths %
1 Yr %
3 Yrs % p.a.
5 Yrs % p.a.
Since Inception % p.a.
Yarra Ex-20 Australian Equities Fund*
S&P-ASX 300 ex S&P/ASX 20 Accumulation (TR)
Effective 25 June 2018 the Fund’s investment strategy, name and benchmark were changed. Performance prior to 25 June 2018 is provided here for consistency purposes only – the historical performance data shown relates to the previous strategy and should not be used to assess past or future performance of the Fund. Performance data relating to the previous strategy is available upon request.
* The returns shown are gross of all fees, meaning they do not reflect the deduction of any investment management fees which would reduce returns and assume reinvestment of distribution. Excess Return is the difference between the Fund’s gross return and its benchmark. Investment in the fund is not available on a fee free basis and this should be factored into any analysis of past performance. For information on returns which take into account fees and expenses (net returns), please refer to the Fund’s monthly and quarterly investment commentaries (which can be found here). Past performance is not a reliable indicator of future performance.
Open To New Investors: Yes
ARSN: 090 047 706
Initial Minimum: 50,000.00AUD
Distribution Frequency: Semi-Annually
Management cost (ICR) (p.a.): 0.95%
Buy/sell spread: +/- 0.15% Platforms for this fund
¹ There are a number of specific requirements that must be met before an applicant for a significant investor visa will be considered to have made a ‘complying significant investment’, including total investment amount, investment into venture capital funds and emerging companies investments and length of investment. There are also a number of other requirements that an applicant must meet before he/she will be eligible to apply for a significant investor visa. Yarra Funds Management Limited’s (‘YFM’) above view is based on the Migration (IMMI 15/100: Complying Investments) Instrument 2015 and the Migration Regulations 1994 in effect as of 31 March 2017. The Department of Immigration and Border Protection’s policy on migration may change in the future. YFM does not make any representations nor does it guarantee that an investor will be a successful significant investor visa applicant.