About the Fund

The Company's principal activities are investment directly and through controlled entities in securities that will provide attractive risk adjusted returns, including by way of short term trading, profit making ventures and holding shares for dividend yield/long term capital appreciation, as appropriate. The Company may also hold cash.

How we invest your money

The Company holds a portfolio of Australian and selected international financial assets, both listed and unlisted.

Unlike many other listed investment companies, the Company does not have an external manager.

Instead, the Company invests selectively on a broad range of criteria under the Board's supervision.

As the Company's investments are managed internally, there is no set investment mandate or restrictions on investment management. The Board monitors the Company's investments and applies the investment principles the Chairman has applied over more than 50 years.

The Company's investments are not restricted by size or market capitalisation, whether the relevant entities are listed or unlisted, their industry, geographic location (although the Company's current portfolio is dominated by Australian, New Zealand and United Kingdom entities) or any other characteristic.

The Company is able to take up investment opportunities the Board deems appropriate, as, when, and where they arise.