Maple-Brown Abbott Australian Share Fund - Wholesale
The Fund is an actively managed fund that invests in a select range of listed Australian equities. The Fund may also invest in unlisted equities provided that they are expected to be listed within 3 months from the date of investment. The Fund offers investors exposure to a portfolio that has a value bias with the potential to provide long-term capital growth and income. We seek companies that have higher levels of franked dividends than the market and where we assess the discount to intrinsic value is sufficiently attractive. The Fund gains exposure to small cap stocks by purchasing units in the Maple-Brown Abbott Small Companies Trust. The Fund typically holds at least 30 stocks.
The Fund aims to outperform (before fees) the S&P/ASX 200 Index (Total Returns) over rolling four-year periods.
|Inception date31/05/1998||Distribution frequencyQuarterly|
|BenchmarkS&P/ASX 200 Index (Total Returns)||Minimum initial application$ 20,000|
|APIR codeADV0046AU||Management costs %0.92|
|Pricing frequency & cut-offDaily / 2pm Sydney time on a Business Day||Buy/Sell spread %0.19 / 0.19|
A team of experienced and dedicated investment professionals.
Chief Investment Officer
Head of Australian Equities
as at 31/12/2020
|1 mth %||3 mths %||1 yr % p.a.||3 yrs % p.a.||4 yrs % p.a.||5 yrs % p.a.||Since inception % p.a.*|
^Past performance is not a reliable indicator of future performance. No warranty can be given for future performance. Returns are volatile and may fluctuate quickly and significantly. Performance figures are calculated using withdrawal values and assume that income is reinvested. Annual management fees and expenses have been taken into account, however no allowance has been made for tax or any rebates that may be given. Source: Maple-Brown Abbott and IRESS
*Inception date is 1 June 1998.
as at 21/01/2021
|Redemption price||Net asset value||Application price|
|$ 0.9221||$ 0.9239||$ 0.9257|
Forms & fund information
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned 06/2020) referred to in this document is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http://www.zenithpartners. com.au/RegulatoryGuidelines.
The Lonsec rating issued 07/2020 is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2020 Lonsec. All rights reserved.
Fees & costs
|Management costs % p.a.||Net transactional and operational costs % p.a*||Buy/Sell spread %|
|0.92||0.11||0.19 / 0.19|
* Transactional and operational costs vary year to year and represent the estimated costs from the fund’s investing activities. These are reflected in the unit price an impact the performance of the fund. These costs include brokerage, settlement costs, clearing costs, stamp duty and other taxes on an investment transaction. It also includes the difference between the price paid for purchasing securities and the price that would be payable if selling securities (i.e. bid/ask spread). These costs are net of the buy-sell spread recovery which is the amount charged to investors for applications and withdrawals. The transactional and operational costs are generally calculated each year based on the estimated costs incurred during the prior financial year ended 30 June, expressed as a percentage of the average fund net asset value, however the transactional and operational costs will also be recalculated when there is a significant change in net transactional and operational costs.
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