Australasian Equity Income Fund – Retail

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The investment objective of the Fund is to generate attractive levels of income each quarter from a diversified portfolio of New Zealand and Australasian listed equities as well as cash and fixed interest securities. The Fund intends to pay distributions on a quarterly basis.

Monthly Fund Fact Sheet

Investment Style

The investment process blends a strong quantitative selection process across Australasia with a quality and fundamental overlay. Each potential investment is then subject to five further quantitative tests including dividend and cash flow yields, dividend growth potential, and relative valuation criteria. A final portfolio of about 40-60 names is then subject to two further quality tests and a fundamental analyst score to assist in refining both the number of stocks and prior to the final portfolio construction.

Investment process details

Investor Suitability

This Fund is predominantly equity based so total returns may be volatile. This Fund may be suitable for investors with a long-term investment horizon seeking income with the potential for capital growth.

In making investment decisions it is important that retail investors seek and obtain any investment advice they require from their usual investment advisor.

Independent Research House Review

Morningstar - Bronze

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Performance to 31 May 2017 *

Return (after deductions for charges and tax) **

1 Mth 3 Mth 1 Yr 2 Yr 3 Yr 5 Yr
0.77% 3.98% 4.81% 6.27% 10.79% 14.10%

Return (after deductions for charges but before tax)

1 Mth 3 Mth 1 Yr 2 Yr 3 Yr 5 Yr
0.79% 4.22% 5.79% 7.48% 12.04% 15.97%

Market index return (reflects no deduction for charges and tax)

1 Mth 3 Mth 1 Yr 2 Yr 3 Yr 5 Yr
-0.72% 4.83% 9.08% 10.90% 12.61% 15.67%

The Market Index for this Fund is: 60% S&P/ASX Industrials Index (equally weighted and 90% hedged to NZD) and 40% S&P/NZX Portfolio Index.

* Returns for periods less than a year are for the relevant period and not annualised; those of one or two years are annualised for the period shown. Past performance is not indicative of future results.

** Returns are after tax at the highest prescribed investor rate (PIR) of tax for an individual New Zealand resident. Your tax may be lower.

Australasian Equity Income Fund Absolute Sector Weights May 2017

Unit Price (NZD)

19 June 20171.7479
12 June 20171.7135
6 June 20171.7209
31 May 20171.7187
29 May 20171.7127
22 May 20171.7131
15 May 20171.7155
8 May 20171.7123
1 May 20171.7164
28 April 20171.7055
24 April 20171.6880
18 April 20171.6944
10 April 20171.6961
31 March 20171.6855
27 March 20171.6657
20 March 20171.6780
13 March 20171.6840
6 March 20171.6761
28 February 20171.6676
27 February 20171.6605
20 February 20171.6672
13 February 20171.6681
7 February 20171.6443
31 January 20171.6395
30 January 20171.6459
24 January 20171.6443
16 January 20171.6548
9 January 20171.6611
4 January 20171.6488
30 December 20161.6386
28 December 20161.6323
19 December 20161.6248
12 December 20161.6297
5 December 20161.6107
30 November 20161.6231
28 November 20161.6187
21 November 20161.6004
14 November 20161.5834
7 November 20161.6155
31 October 20161.6238
25 October 20161.6471
17 October 20161.6469
10 October 20161.6617
3 October 20161.7016
30 September 20161.6971
26 September 20161.6919
19 September 20161.7006
12 September 20161.6946
5 September 20161.7427
31 August 20161.7395
29 August 20161.7458
22 August 20161.7523
15 August 20161.7394
8 August 20161.7356
29 July 20161.7319
25 July 20161.7325
18 July 20161.7121
11 July 20161.6980
4 July 20161.6804
30 June 20161.6689
27 June 20161.6401
20 June 20161.6807
13 June 20161.6943
7 June 20161.7089
31 May 20161.7055
30 May 20161.7080
23 May 20161.6852
16 May 20161.6888
9 May 20161.6859
29 April 20161.6595
26 April 20161.6557
18 April 20161.6603
11 April 20161.6367
31 March 20161.6472
29 March 20161.6257
21 March 20161.6517
14 March 20161.6423
7 March 20161.6107
29 February 20161.5751
31 January 20161.5956
31 December 20151.6279
30 November 20151.6311
31 October 20151.6283
30 September 20151.5471
31 August 20151.5724
31 July 20151.6158
30 June 20151.5757
31 May 20151.6457
30 April 20151.6154
31 March 20151.6259
27 February 20151.6401
30 January 20151.6074
31 December 20141.5407

Distribution (NZD) *

Cents Per Unit
23 June 20171.31
23 March 20171.60
20 December 20161.43
22 September 20162.30
22 June 20161.45
22 March 20162.06
22 December 20151.03
24 September 20152.41
25 June 20151.53
25 March 20151.47
22 December 20141.28
25 September 20142.60

* Distribution Information refers to the income paid out from the respective Fund to the underlying investor. This is expressed as Cents Per Unit (CPU). Investors have the option of getting the quarterly distribution reinvested back into additional units or having the distribution credited to the investors nominated bank account.