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Polaris Global Equity Fund (Hedged)

About this Fund

Fund Detail

PDS https://informedinvestor.com.au/view/pds/101531-2023-07-02-02:42.pdf
FUND MANAGER Polaris Capital Management, LLC
ASX Code
APIR MAQ2806AU
ASSET CLASS GLOBAL EQUITIES
INVESTMENT STYLE The Fund invests in a diversified portfolio of global equities which may include emerging markets and small-capitalisation companies.
INVESTMENT PROFILE The Fund aims to achieve a long-term total return (before fees and expenses) that exceeds the Benchmark.
CURRENCY MANAGEMENT Hedged
INCEPTION DATE 28-12-2018
BENCHMARK MSCI World ex Australia Index, in $A hedged with net dividends reinvested
FUND SIZE MSCI World ex Australia Index, in $A hedged with net dividends reinvested
DISTRIBUTION FREQUENCY Half-yearly
NO. OF HOLDINGS
FEES 1.28% p.a. of the net asset value of the Fund
STRUCTURE

Benefits

Benefits

Benefits of investing in the Polaris Global Equity Fund (Hedged)

  • Potential for capital growth through investing in companies that Polaris believes display superior value characteristics.
  • Potential all-capitalisation diversification through exposure to stocks not typically available through managers who focus on large, developed market global equities.
  • Access to the investment experience of Polaris and their expertise in value investing.

Risk level

Medium to High

Investor suitability

The Fund may be suitable for investors who are looking for an investment with the objective of the Fund and are prepared to accept the risks of the Fund.
RISK LEVEL High
INVESTOR SUITABILITY

The Fund may be suitable for investors who are looking for an investment with the objective of the Fund listed above and are prepared to accept the risks of the Fund set out in Section 4. A Target Market Determination (TMD) for the Fund which includes a description of the class of consumers for whom the Fund is likely to be consistent with their objectives, financial situation and needs is available at macquarieim.com/TMD.

Risks

Title
Detail

Key Features

About the Fund

The Fund is actively managed using a, fundamental, research driven approach to build a diversified portfolio of companies that Polaris believes:

  • demonstrate strong, sustainable, cash flow generation, and
  • are priced at a meaningful discount to their intrinsic value.

Significant features

  • Provides exposure to a diversified portfolio of global equities which may include emerging markets and small-capitalisation companies.
  • Actively managed using a benchmark unaware, bottom-up and research driven approach to build a portfolio of companies with an emphasis on value.

  • Reduced exposure to foreign exchange movements for Australian investors through currency hedging undertaken on the portfolio.

Mandate

How we invest your money

The Fund provides exposure to a diversified portfolio of global equities by investing in the Polaris Global Equity Fund (Underlying Fund). The Underlying Fund is actively managed using a fundamental, research driven approach to build a diversified portfolio of companies that Polaris believes:

  • demonstrate strong, sustainable, cash flow generation, and
  • are priced at a meaningful discount to their intrinsic value.

Polaris believes investor behaviour creates volatility that leads to temporary inefficiency in specific segments of global markets. During these periods, the stock price may not reflect a company's long-term fundamental valuation and/or future cash flows. The Polaris team seeks to buy such undervalued companies worldwide, regardless of benchmark inclusion/weight, domicile or market capitalisation.

For more information about the investment process for Polaris, go to Section 5 of the Information Booklet. The Underlying Fund generally does not intend to have exposure to derivatives, but may do so in limited circumstances.

The Fund's exposure to international assets is hedged by the Investment Manager back to Australian dollars.

Asset allocation

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