Fund Summary

Unit prices

Buy 1.2910 / Sell 1.2859 (as at 22/08/2019)

Unit price history (CSV)

Date of Inception

03/03/14

The Investment

Units in a unit trust – the Cooper Investors Endowment Fund (the "Fund").

Minimum Initial Investment

$500,000

Manager

Cooper Investors Pty Limited ("CI" or the "Manager").

Custodian

National Australia Bank Limited.

Benchmark

S&P/ASX 200 Accumulation Index, adjusted for franking credits.

Distributions

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.

Investment Risks and Return Objectives

The objective of the Fund is to generate long term returns by investing in a range of listed securities. The Fund is an equities portfolio designed for investors in the pension phase and may also be suitable for charities. 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).

Investment Strategy

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 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.

It will be assumed that all unit holders have a zero tax rate.

Additional Information & Fees

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.

Fund Performance History

Inception Date: 03 March 2014

Performance as at 31 July 2019
Rolling 3 Months Rolling 1 Year Rolling 2 Year Rolling 3 Year Rolling 5 Year Rolling 7 Year Rolling 10 Year Since inception cumulative Since inception annualised
Cooper Investors Endowment Fund (Gross Adjusted For Franking Credits) 6.18% 14.12% 16.33% 11.37% 12.02% - - 84.11% 11.94%
Benchmark 1 8.85% 15.12% 15.69% 13.36% 10.21% - - 72.64% 10.61%
Value Added -2.67% -1.00% 0.64% -1.99% 1.81% - - 11.47% 1.33%

Inception Date: 03 March 2014

1. Benchmark: S&P/ASX 200 Accumulation Index, adjusted for franking credits.

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.

  1. Read the Information Memorandum
  2. Complete the Application Form
  3. Send to:

    Cooper Investors Pty Limited
    GPO Box 804
    Melbourne, VIC, 3001, Australia

Get in touch with Cooper Investors