About this Fund
|FUND MANAGER||Ryder Investment Management|
|ASSET CLASS||LISTED INVESTMENT COMPANY|
|INVESTMENT STYLE||RYD pursues a high conviction long only value style investment strategy specialising in small to mid-cap Australasian equities.|
|INVESTMENT PROFILE||RYD aims to provide investors with long-term capital growth in excess of its benchmark over minimum 5 year investment periods.|
|BENCHMARK||RBA Cash Rate plus 4.25% p.a.|
|FUND SIZE||RBA Cash Rate plus 4.25% p.a.|
|NO. OF HOLDINGS||10-20|
|FEES||1.25% per annum (plus GST) of the Portfolio NAV|
Benefits of investing in RYD
An investment in RYD will allow investors to:
About the Fund
Ryder Investment Management Pty Limited, AFSL 328 971 is a Sydney based boutique fund manager pursuing a high conviction long only value style investment strategy specialising in small to mid-cap Australasian equities.
Our approach is different to most investment managers - we invest for the medium to long term, are focused on generating strong absolute returns first and foremost, are very patient and are willing to work with management to unlock value. A key foundation to our approach is to minimise mistakes, ignore the crowd and back our judgement.
The Company's primary investment strategy is to create a highly concentrated (10 - 20 securities) and actively managed portfolio of Australian securities with typically a small cap' focus. The small cap focus refers to a typical preference for securities listed on Australian exchanges with a market capitalisation less than those entities that constitute the S&P/ASX 100 Index. The allocation to micro, mid cap and even large cap securities, as well as any pre-IPO securities, will be opportunistic in nature. The investment strategy will take a high conviction approach, with a flexible mandate, offering a deep value and growth focus for listed securities. Whilst the portfolio will be concentrated in typically 10-20 securities, the Manager may diversify the portfolio across industry sectors. Up to 50% of the Portfolio's net asset value may be held in cash, deposit products and senior debt with less than one year to maturity. The level of cash, deposit products and senior debt directly or indirectly held within this limit will be determined by the attractiveness (based on the value) of available securities. The Manager expects that maximum levels of cash, deposit products and senior debt directly held will only be approached as securities markets become expensive and/or there is a lack of suitable equities available for the Manager to invest.
How we invest your money
The Manager will undertake fundamental, in-depth, bottom-up research to identify attractively valued securities using the Manager's disciplined investment process. The fundamental bottom- up analysis utilised by the Manager is an investment process that focuses on identifying the intrinsic value of a company and its securities through a thorough quantitative and qualitative investment process.
The Manager's investment process first assesses companies on seven key investment criteria:
Based on the above criteria, an investment thesis is constructed for each investment opportunity. The Manager tests the robustness of each investment thesis internally before arriving at an internal scoring system / recommendation ranging from 0 (sell/ pass) through to 5 (high conviction buy / maximum capital allocation).
The Company will hold an actively managed portfolio of typically 10-20 securities, underpinned by the Manager's fundamental, in-depth, bottom-up research. The Manager aims to generate superior, above benchmark returns by investing in a collection of special investment situations of unique quality securities at attractive prices, which are identified using the Manager's investment process and experience.
The key investment guidelines for the Manager's implementation of the Company's investment strategy are:
In addition, the Portfolio may hold 0-20% of the Portfolio's net asset value in unlisted securities, provided the securities are proposed to be listed within 12 months.