The Fund invests in listed Australian and New Zealand securities together with a maximum exposure of 20% to listed securities in other international markets. The Fund can hold up to 20% of the portfolio in cash.
The Fund will invest in companies who provide sustainable and growing income and through portfolio construction will have the primary objectives of having lower portfolio volatility than the Australian stock market and out-performing this market during periods of market weakness. It is a diversified, long only portfolio of 30-50 stocks. The Fund will be managed on the basis that all unit holders have a zero tax rate and will report and be measured on an after tax basis (allowing for franking credits).
The manager will use CI’s VoF research framework to assess individual companies and industries and to construct a diversified portfolio that aims to achieve the risk and return objectives. This means that we seek to invest in quality companies with a strong value proposition. The level of exposure to specific companies, industries and markets will be selected by CI’s small, focused, experienced team using our VoF investment process.
The Manager will not invest in companies whose primary business is the production of tobacco, controversial weapons or gambling.
It will be assumed that all unit holders have a zero tax rate.
Unit price history (CSV)
03/03/2014
Units in a unit trust – the Cooper Investors Endowment Fund (the “Fund”)
$500,000
Cooper Investors Pty Limited (“CI” or the “Manager”)
Citigroup Pty Limited
S&P/ASX 200 Accumulation Index, adjusted for franking credits
CIP0006AU
Income distributions will normally be paid quarterly as at 30 September, 31 December, 31 March and 30 June (although the Manager has the discretion to distribute more frequently) and will automatically be invested in further units unless a unit holder elects otherwise.
Performance & Reporting
Applications
Following the minimum initial investment, $50,000 minimum tranches may be invested on each Thursday and the last day of each month.
Redemptions
$50,000 minimum tranches (provided that the unit holder maintains a minimum investment of $500,000) may be redeemed on each Thursday and the last day of each month, with 1 business day’s notice.
Management Fee
0.75% per annum of the Net Asset Value (before fees and expenses) plus GST calculated and paid monthly in arrears directly from the Fund.
Performance Fee
10% of the Fund’s out-performance of the S&P/ASX 200 Accumulation Index after adjusting for franking credits plus GST. A high water mark applies.
The Steps
How to invest.
The minimum initial investment in the Fund (and the minimum holding) is $500,000 and the minimum subsequent investment is $50,000.