Only those companies which pass SGH’s rigorous quality screen are considered for portfolio inclusion. SGH see risk in terms of investing in a poor quality company, or overpaying for a good one, and do not view risk in benchmark relative terms. SGH therefore downplay benchmarks in portfolio construction since these provide little indication of future performance. SGH is comfortable not holding companies if they do not satisfy its disciplined quality and valuation criteria, regardless of their benchmark weight.The normal characteristics of the Fund include:
• Little reference to the benchmark.
• Low cash allocation (as the aim is to be fully invested in securities).

Investor Suitability

Mainly direct and indirect investors seeking long term capital growth with some income through investment in Australian and New Zealand equity securities.

SG Hiscock & Company Limited ('SGH’, ’us’ or ‘Manager') is a boutique investment manager specialising in high conviction actively managed investment strategies and Managed Discretionary Portfolios. SGH was established in Melbourne in 2001 by six of its principals and is entirely owned by directors, staff and associates.

How we invest your money

Our equity managers seek to identify and invest in good quality Australian and New Zealand listed securities.

Quality is chiefly an evaluation of a company's management, balance sheet and business model.

Only those companies which pass our rigorous quality screen are assessed for value. We see risk in terms of investing in a poor quality company, or overpaying for a good one, and do not view risk in benchmark relative terms.

We therefore downplay benchmarks in portfolio construction since these provide little indication of future performance. We are comfortable not holding companies if they do not satisfy our disciplined quality and valuation criteria, regardless of their benchmark weight. We never invest in a company without first meeting the management.

Mix of asset classes*

• 75-100% Australian equity securities

• 0-15% New Zealand equity securities

• 0-10% Cash

The Fund is generally fully invested in Australian and New Zealand equity securities.

*These are indicative asset allocation ranges for the Fund. If market movements, investments into or withdrawals from the Fund, or changes in the nature of an investment, or a change in the fund investment strategy, cause the Fund to move outside these indicative ranges, or a limit set out in the PDS, this will be addressed by us as soon as reasonably practicable.