The Benjamin Graham / Warren Buffet approach of "value-investing" best characterises the investment style of the Fund. The Fund will focus on research and company fundamentals. The manager's investment philosophy is founded upon on-going fundamental research on Australian listed companies.  A number of quantitative filters on company fundamentals will be employed to identify intrinsic value and invest where a "Margin of Safety" exists with an overarching ethical ESG filter.

 

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How is the fund managed?

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The fund is actively managed using both top-down industry and geographical segmentation and bottom-up fundamental analysis.  The overall style can be categorised as Value-Investing with risk-weighted exposure to 'growth at a reasonable price'. The manager filters the All Ordinaries stocks, by macro-economic factors relating to industry and geography and by company-specific factors (i.e. ethical ESG criteria, ROE, core franchise, earnings growth, management and balance sheet).

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Price considerations are then be taken into account, including valuation, industry comparisons and modelling. All inputs are internally generated. Portfolio construction has broad guidelines to provide flexibility and focus the Fund Manager on enhancing investor returns rather than meeting strict rules.

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The portfolio incorporates 10 to 25 stocks. Turnover is generally low, with total portfolio turnover not expected to exceed 35% per annum.