About this Fund
|FUND MANAGER||Investors Mutual|
|ASSET CLASS||LISTED INVESTMENT COMPANY|
|INVESTMENT STYLE||QVE invests predominately in ASX listed entities outside the S&P/ASX 20 Index.|
|INVESTMENT PROFILE||QVE aims to provide long-term capital growth and income over a five year plus investment period.|
|NO. OF HOLDINGS||20-50|
|FEES||0.90% p.a. (plus GST) on the first $150m of the Portfolio NAV and 0.75% p.a. (plus GST) thereafter|
Benefits of investing in QVE
An investment in QVE will allow investors to:
About the Fund
QVE is a listed investment company that will invest predominately in ASX listed entities outside the S&P/ASX 20 Index with the aim of providing long-term capital growth and income over a five year plus investment period.
The Company's Portfolio will be managed by the Manager. The Company will provide investors with the opportunity to invest in an actively managed portfolio and gain access to the investment experience and expertise of the Manager.
As a guide, the Company's Portfolio will be made up of a diversified portfolio of between 20 and 50 ASX listed securities outside the S&P/ASX 20 Index. The Company's Portfolio may also invest up to 5% in unlisted securities (so long as these securities are proposed to be listed on the ASX within 12 months), derivatives and cash securities.
The Company aims to achieve net returns over a five year plus investment horizon that are higher than the S&P/ASX 300 Accumulation Index excluding that part of the return that is generated by the securities comprised in the S&P/ASX 20 Accumulation Index.
How we invest your money
The Company's investment strategy is to create a diversified and balanced portfolio of ASX listed securities outside the S&P/ASX 20 Index and is expected to be predominantly invested in the S&P/ASX 300 Index. The investment strategy is intended to capitalise on the Manager's disciplined investment approach and intensive research and review process.
When assessing investment opportunities, the Manager's team of highly experienced analysts will undertake a comprehensive bottom-up' approach in identifying, researching and valuing quality entities. The Manager's approach in identifying opportunities for the Portfolio is systematic and disciplined and focuses on finding those entities that meet the investment criteria set by the Company and then determining an appropriate valuation for those entities. This is the same approach that has been applied by the Manager since 1998 in the management of its Retail Funds and has been successfully demonstrated by the Manager's ability to generate a reliable source of income and consistent risk adjusted outcomes for its clients (see Section 4.1 of the PDS for further details).
The Manager will broadly apply the same investment philosophy which it uses to manage its Retail Funds to the management of the Company's Portfolio. This philosophy will involve investing in entities which have an attractive entry price with four clear quality characteristics:
The following investment guidelines apply to the Manager's implementation of the Company's investment strategy: