Home

SGH Ex-20 Australian Equities Fund

About this Fund

Fund Detail

PDS https://informedinvestor.com.au/view/pds/100162-2024-01-18-02:48.pdf
FUND MANAGER SG Hiscock & Company Limited
ASX Code
APIR CRS0003AU
ASSET CLASS AUSTRALIAN EQUITIES
INVESTMENT STYLE The Fund invests in a concentrated portfolio of companies that are primarily listed on the ASX, excluding the largest 20 securities by market capitalisation in the S&P/ASX 300 Accumulation Index.
INVESTMENT PROFILE The Fund aims to outperform the Benchmark, after fees, over rolling three year periods.
CURRENCY MANAGEMENT Unhedged
INCEPTION DATE 01-12-1992
BENCHMARK S&P/ASX 300 ex S&P/ASX 20 Index
FUND SIZE S&P/ASX 300 ex S&P/ASX 20 Index
DISTRIBUTION FREQUENCY Half-yearly
NO. OF HOLDINGS 20-60
FEES 0.95% p.a. of the NAV of the Fund
STRUCTURE

Benefits

Benefits

Benefits of investing in the SGH Ex-20 Australian Equities Fund

Investing in the Fund offers a number of benefits, including:

  • Access to investment opportunities and diversification that individual investors usually cannot achieve on their own.
  • A disciplined risk management process that manages different levels of investment risk relative to anticipated investment returns.
  • Investment professionals who are part of a globally integrated network with global research capabilities delivering their best investment ideas and capabilities to clients around the world.
  • Participation in any income distributions from the Fund.
RISK LEVEL 7
INVESTOR SUITABILITY

Investor Suitability

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

Risks

Title
Detail

Key Features

About the Fund

The SGH Ex-20 Australian Equities Fund is a high conviction actively managed Australian equity portfolio built using a bottom-up approach with little reference to a benchmark.

Utilising SGH's proven equity investment philosophy and approach, that is replicated and consistent across all equity investment desks, we seek to identify quality companies trading at reasonable valuations through our own first hand research.

The normal characteristics of the Fund include:

  • Low turnover due to our buy and hold' approach - average holding period of around five years.
  • Significant divergence from the benchmark.
  • Low cash allocation (as the aim is to be fully invested in securities).

Mandate

How we invest your money

Our equity managers seek to identify and invest in good quality Australian listed securities through first hand company visits.

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.