Australian Equities

Yarra Ex-20 Australian Equities Fund

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.

Simply Swipe to obtain further table informatin

Investment objective

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

Benchmark

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

Inception date

August 2010

Total returns as at 31 October 2018

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 -4.98 -9.90 -5.32 4.21 7.49 5.12 6.82
S&P-ASX 300 ex S&P/ASX ASX 20 Accumulation (TR) -6.54 -7.25 -6.73 NA NA NA NA
Excess Return* 1.56 -2.65 1.41 NA NA NA NA

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.

* Excess Return is the difference between the Fund’s return and its benchmark. The returns shown are prepared on an exit-to-exit basis (i.e. they include all ongoing fees and expenses and assume reinvestment of distributions). They do not take personal taxation into account.

Additional information

Latest monthly commentary
Latest quarterly commentary

Fund Facts

Open To New Investors: Yes
ARSN: 090 047 706
APIR: JBW0052AU
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

Further Information

Product Disclosure Statement and Application for Investment Form (for initial investments)
Product Disclosure Statement and Additional Investment Form (for additional investments)
Important Additional Information
Important Updates (none at this time)

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.