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Australian Unity Platypus Australian Equities Trust |
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Rebate |
4.00%
as additional units |
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Closing
Date |
CLOSED
(Retail Units) |
| Minimum
Investment |
$1,000 |
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About
the Fund
The Fund
aims to deliver strong returns over the medium to
long-term, regardless of the performance of the
broader Australian sharemarket.
The Fund adopts a ‘high conviction’ approach meaning
it invests in fewer stocks, with a larger proportion
of assets invested into each stock.
Who is
the investment manager?
Platypus Asset Management Pty Ltd (Platypus) manages
the Fund’s investment portfolio.
What
does the Fund invest in?
The Fund primarily invests in companies and trusts
listed or soon to be listed on the Australian Stock
Exchange (ASX). Platypus selects companies and
trusts that offer the opportunity for above-average
investment returns through their growth potential.
The Fund typically holds between 25 and 35 stocks
and can invest up to 100% of its assets in
Australian shares. The Fund generally holds up to
10% in cash and similar investments. However, to
help achieve positive returns in an adverse
environment, the Fund could move to hold up to 100%
of its assets in cash and similar investment.
What
is the Fund’s investment process?
Identify opportunities and investment themes
The starting point of Platypus’ investment process is to
complete a screening investable stocks to identify those
that indicate strong earnings potential. The health or
otherwise of the economy, individual industries and sectors
is also assessed, and any identified themes are then applied
to the following detailed quantitative analysis.
Analyse earnings potential
This produces a list of about 100 – 150 stocks. Platypus
conducts detailed quantitative analysis on the industry
outlook, the company’s position within its industry,
historic profit growth, earnings forecasts and balance sheet
strength.
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Australian Unity Platypus Australian Equities Trust - Retail Units |
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APIR Code |
AUS0029AU |
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Inception date |
April
2006 |
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Minimum Initial Investment |
$1,000 |
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Minimum Additional Investment |
$500 |
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Minimum Regular Saving Plan |
$100
per month |
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Entry/Contribution Fee |
4.10% |
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Minimum Withdrawal Amount |
$1,000 |
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Exit/Withdrawal Fee |
Nil |
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Management Costs |
1.50%pa + a performance fee |
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Buy/Sell Spread |
Buy:
0.20% Sell: 0.05% |
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Income Distributions |
Half-yearly |
Critical to this process is the use
of independent sources such as brokers and specialist
economics forecasting groups, combined with in-house
research and expertise.
Platypus assesses each stock’s capability of delivering
strong returns typically around 20% pa over the following
three year period before the stock is included or removed
from the portfolio.
Assess durability and risk
In assessing the durability of a company’s earnings, the
company’s growth profile, and the likelihood of any earning
surprises, Platypus uses quantitative and qualitative
screening techniques and uses a variety of information
sources and may conduct company visits where appropriate.
Platypus assesses the ability of the company’s management to
deliver its forecast earnings, the source of funding for the
expected growth in the share price, and any potential
catalysts or external factors that may contribute to over or
under performance. The output of this process typically
leaves around 40-50 investable stocks.
Portfolio construction
From here Platypus selects shares to be included or removed
from the portfolio. The relative weightings of each stock
within the portfolio is set with due consideration given to
(but not limited to) the share’s market capitalisation,
liquidity, expected return profile and risk controls.
Consistency with Platypus’ investment process and with its
views on industry or sector trends, is also a key factor
when selecting shares.
Derivatives
Platypus may use derivatives in the management of the fund,
but will generally not use derivatives for gearing purposes
or speculative activities.
More information
The Fund’s
performance and unit prices are available to view at:
http://www.australianunityinvestments.com.au/paet
Important information
This investment product is issued by Australian Unity
Funds Management Limited ABN 60 071 497 115, AFS Licence No
234454. This information is intended only to provide a broad
summary of this financial product. Investment decisions
should not be made upon the basis of its past performance or
distribution rate, since future returns will vary. You
should refer to the current Product Disclosure Statement if
you wish to know more about this product. The information
provided here was current at the time of publication only.
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