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.
By excluding those stocks included in the S&P/ASX 20 Index, 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 – 35 stocks, providing investors with a concentrated portfolio built around stock-specific insights.
There is a significant concentration of Banking and Resources companies in the S&P/ASX 20 Index. By excluding these companies, a focused portfolio of 15 – 35 high-quality businesses provides a diverse, balanced investment universe with lower stock and sector concentration.
The large investment universe enables access to a substantial number of large, mid and small-cap companies.
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.
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 those included in the 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 - 35
Recommended investment timeframe
Long-term 5-7+ years
Net returns as at 28 February 2023
|Yarra Ex-20 Australian Equities Fund*||4.06||-0.12||2.39||5.30||5.36||4.96||6.41|
|S&P-ASX 300 ex S&P/ASX 20 Accumulation (TR)||5.74||-1.60||0.36||1.63||6.73||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.
* The total returns shown are prepared on an exit to exit basis – they include all ongoing fees and expenses and assume reinvestment of all distributions. Excess Return is the difference between the Fund’s net return and its benchmark. Past performance is not a reliable indicator of future performance.
Latest monthly commentary – February 2023
Latest quarterly commentary – December 2022
Open To New Investors: Yes
ARSN: 090 047 706
Initial Minimum: 50,000.00AUD
Distribution Frequency: Semi-Annually
Management cost (ICR) (p.a.): 0.90%
Buy/sell spread: +/- 0.15%
Fund ratings: Contact a member of the Firm’s Client Team to discuss ratings in further detail
Platforms for this fund
Product Disclosure Statement
Application Booklet (for initial investments)
Additional Investment Form (for additional investments)
Target Market Determination
Institutional investors wanting further information on the Yarra Ex-20 Australian Equities Strategy should contact a member of the Firm’s Client Team.
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.
Yarra Funds Management Limited (ABN 63 005 885 567, AFSL 230 251) (‘YFML’) is the issuer and responsible entity of the range of registered managed investment schemes described on this website (‘Funds’). YFML is not licensed to provide personal financial product advice to retail clients. The information provided on this website contains general financial product advice only. The advice has been prepared without taking into account your personal objectives, financial situation or particular needs. Therefore, before acting on any advice, you should consider the appropriateness of the advice in light of your own or your client’s objectives, financial situation or needs. Prior to investing in any of the Funds, you should obtain and consider the product disclosure statement (‘PDS’) for the relevant Fund by contacting our Investor Services team on 1800 034 494 or from our website at www.yarracm.com/pdsupdates. The information set out in this website has been prepared in good faith and while YFML and its related bodies corporate (together, the “Yarra Capital Management Group”) reasonably believe the information and opinions to be current, accurate, or reasonably held at the time of publication, to the maximum extent permitted by law, the Yarra Capital Management Group: (a) makes no warranty as to the content’s accuracy or reliability; and (b) accepts no liability for any direct or indirect loss or damage arising from any errors, omissions, or information that is not up to date.
Before using any of the financial services offered by Yarra Funds Management Limited, you should read our Financial Services Guide (FSG). This has been prepared to assist you in deciding to use any of the financial services offered by us. We are required to provide you with an FSG if we provide certain financial services to you as a retail client.