Alphinity Australian Share Fund

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About this Fund

Fund Detail

PDS https://informedinvestor.com.au/view/pds/100263-2022-10-19-02:18.pdf
FUND MANAGER Alphinity Investment Management
ASX Code
INVESTMENT STYLE The Fund holds a diversified portfolio of Australian stocks listed on the ASX.
INVESTMENT PROFILE The Fund aims to outperform the Benchmark after costs over rolling five-year periods.
BENCHMARK S&P/ASX 300 Accumulation Index
FUND SIZE S&P/ASX 300 Accumulation Index
FEES 0.90% p.a. of the net asset value of the Fund



Benefits of investing in the Alphinity Australian Share Fund

  • Active management: investments are actively managed to focus on generating capital growth.
  • Experienced investment team: access to investment professionals who specialise in Australian equities.
  • Robust investment process: application of Alphinity's comprehensive investment approach that has proven successful across different market cycles.
  • Returns: aims to provide consistent risk-adjusted returns across different market cycles.
  • Capital growth: potential for capital growth through the Fund's exposure to Australian investments.

Risk level


Investor suitability

The Fund is intended to be suitable for investors who are happy to invest for at least five years, are seeking high levels of return and are comfortable with high volatility, including the possibility of periods of negative returns.




Key Features

About the Fund

The Fund is managed by Alphinity. It seeks to build a portfolio of Australian stocks listed on the ASX that is well diversified across different industries and sectors and aims to meet the Fund's investment objectives in a risk-controlled manner.

Investment approach

Alphinity is an active, core Australian equities manager that believes a company's earnings ultimately will drive its share price over time. Alphinity believe the market is typically inefficient at accurately pricing future consequences of new information that will affect company earnings, therefore clearly identifiable characteristics exist for companies whose earnings ability is likely to be under (or over) estimated by the market, allowing an investor to exploit this inefficiency to create outperformance.

Alphinity's investment approach is based on a combination of strong fundamental bottom-up research and targeted quantitative inputs aimed specifically at identifying mispriced companies likely to deliver earnings in excess of those expected by the market. The combined output of this fundamental and quantitative research is brought together in Alphinity's proprietary Composite Research Model (CRM).

The CRM is used throughout the investment process and enables the investment team to objectively compare companies across as well as within sectors, in addition to identifying research priorities, providing both buy' and sell' signals and helping to construct portfolios that aim to offer a high level of return for a given level of risk.


How we invest your money

Our teams use a unique combination of fundamental and quantitative research when constructing the portfolios. An earnings revision approach requires deep fundamental analysis to understand the specific drivers and the sustainability of a company's earnings. This results in a valuation and forecast for expected earnings growth into the medium term for each company covered. Fundamental research is then combined with objective targeted quantitative factors in Alphinity's proprietary Composite Research Model (CRM).

Investment universe and portfolio construction

The investment universe is comprised of Australian stocks listed on the ASX. The final portfolio will be made up of between 35 and 55 stocks that will be selected based on their CRM score and the fundamental analysis by the investment team. Portfolio construction guidelines limit the Fund's exposure to any one company or sector.

The Fund can also invest in listed equity securities or hybrid equity securities such as convertible notes, redeemable preference shares, partly paid shares and unlisted securities provided these are expected to list within 6 months of purchase. It can also enter into underwriting agreements relating to shares able to be held by the Fund provided there are sufficient liquid assets in the Fund to cover such obligations. Alphinity does not intend to gear the Fund through the use of derivatives.

The Fund aims to be fully invested.

Strategic asset allocation ranges*

(Asset class: Min-Max)

  • Australian shares: 90%-100%
  • Cash: 0%-10%

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