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About the Fund

The WaveStone Australian Share Fund is an actively selected portfolio of Australian shares managed with the aim of outperforming the S&P/ASX 300 Accumulation Index over rolling three-year periods.

A tax-aware, high conviction portfolio of typically 30-50 Australian stocks.
Actively managed diversified portfolio with a growth at a reasonable price investment style.
Targets businesses with superior corporate markers of success operating within favourable industry dynamics.

Why this Fund

The Fund is intended to be suitable for investors who are happy to invest for at least five years, are seeking high levels of return and are comfortable with high volatility, including the possibility of periods of negative returns.

Considers tax consequences of investment decisions. Distributions may include franking credits.
Uses a range of tools including short selling and derivatives to generate alpha, manage risk and protect capital.
Experienced team of investment professionals who specialise in Australian equities and who seek to identify opportunities across market cycles.

Fund Facts

About this Fund
Inception date
31 Jul 2014
Benchmark
S&P/ASX 300 Accumulation Index
Fund Size (at 31 Aug 2022)
$239.65m
Distribution Frequency
Bianually
Suggested Minimum Timeframe
5 Years
Currency
AUD
Portfolio Managers
Catherine Allfrey
Raaz Bhuyan
 
Fund IDs
APIR
HOW0020AU
ARSN
AU107 016 866
 
Fees / Pricing
Management Costs
0.97% p.a.
Performance Fee
0%
Minimum Investment
$10,000
BHP GROUP LIMITED
COMMONWEALTH BANK OF AUSTRALIA
CSL LTD
NATIONAL AUSTRALIA BANK LIMITED
WOODSIDE ENERGY GROUP LTD
MACQUARIE GROUP LIMITED
WOOLWORTHS GROUP LTD
WESTPAC BANKING CORPORATION
GOODMAN GROUP
TELSTRA CORPORATION LIMITED

Fund size displayed at a class level only. Interests in the WaveStone Australian Share Fund ARSN 107 016 866 are offered by Fidante Partners Limited (ABN 94 002 835 592 AFSL 234668) (Fidante Partners). Fidante Partners has appointed WaveStone Capital Pty Limited (ABN 80 120 179 419 AFSL 331644) as the investment manager of the Fund.

Fund Performance

Performance Table

Fund Performance (Net) as at: 31 Oct 2022

  1M 3M 1YR 3YR (p.a) 5YR (p.a) 10YR (p.a) SI (p.a)
Fund 5.6% 2.2% -0.8% 5.8% 8.5% - 9.5%

 

Past performance is not a reliable indicator of future performance. The inception date of the Fund is 31 July2014. 
Returns are calculated after fees have been deducted and assume distributions have been reinvested. No allowance is made for tax when calculating these figures.

 

Unit Prices & Distributions

Resources

You should read the Fund's TMD and PDS to ensure the key attributes of the Fund as described in the TMD and PDS aligns with your objectives, financial situation and needs before making a decision about whether to acquire or continue to hold the Fund.

Fund ratings

Organisation Rating
Lonsec

Highly Recommended

Morningstar

-

Zenith

Recommended

The rating issued 10/2022 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. © 2022 Lonsec. All rights reserved.  

  

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (WaveStone Dynamic Australian Equity Fund – June 2022) referred to in this piece 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, including target markets of financial products, where applicable, 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 Fund Research Regulatory Guidelines.