Buy 1.9399 / Sell 1.9322 (as at 15/06/2021)Unit price history (xlsx)
The objective of the Fund is to generate long term returns above the Benchmark by investing in a range of Australian and New Zealand listed securities. It is a long only portfolio of 20-45 stocks.
The Fund may own up to 10% of the portfolio in New Zealand listed securities (not listed in Australia).
The Manager will use CI's VoF research framework to assess individual companies and industries and to construct a 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 Fund will generally be fully invested and 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.
Following the minimum initial investment, $50,000 minimum tranches may be invested on each Tuesday and the last day of each month.
$50,000 minimum tranches (provided that the unit holder maintains a minimum investment of $500,000) may be redeemed on each Tuesday and the last day of each month, with 1 business day's notice.
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.
10% of the Fund's out-performance of the Benchmark plus GST (calculated and paid monthly in arrears directly from the Fund). A high water mark applies.