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).
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.
Following the minimum initial investment, $50,000 minimum tranches may be invested on each Thursday 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 Thursday 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 S&P/ASX 200 Accumulation Index after adjusting for franking credits plus GST. A high water mark applies.
Inception Date: 03 March 2014
| 3 Months | 1 Year | 2 Year | 3 Year | 5 Year | 7 Year | 10 Year | Since inception cumulative | Since inception annualised | |
|---|---|---|---|---|---|---|---|---|---|
| Cooper Investors Endowment Fund (Gross Adjusted For Franking Credits) | -0.73% | 7.12% | 12.71% | 9.74% | 10.02% | 11.10% | - | 143.72% | 10.41% |
| Benchmark 1 | 0.49% | 8.66% | 10.26% | 9.33% | 9.37% | 11.67% | - | 120.78% | 9.21% |
| Value Added | -1.22% | -1.54% | 2.45% | 0.41% | 0.65% | -0.57% | - | 22.94% | 1.20% |
Inception Date: 03 March 2014
1. Benchmark: S&P/ASX 200 Accumulation Index, adjusted for franking credits.
The minimum initial investment in the Fund (and the minimum holding) is $500,000 and the minimum subsequent investment is $50,000.
Cooper Investors Pty Limited
GPO Box 804
Melbourne, VIC, 3001, Australia