Chester High Conviction Fund

About this Fund

Fund Detail

PDS https://informedinvestor.com.au/view/pds/106756-2023-12-05-02:21.pdf
FUND MANAGER Chester Asset Management Pty Ltd
ASX Code

To outperform the S&P/ASX300 Accumulation Index by 500bp (before fees) over a rolling 3-year time frame. The Fund will invest in a diversified portfolio of stocks comprising listed companies in the S&P/ASX 300 Index (up to 100% of the Fund), a non-index position in stocks listed
outside Australia (between 0-10%), while cash allocation can be between 0%-20%. The IM will use the following guidelines when selecting investments for the Fund:
• ASX listed securities;
• 25 to 40 stocks;
• generally, no more than 10% of the portfolio held in any one company, but no more than 8% at initial purchase.
• no more than 10% of the Fund in unlisted securities and only where the securities are subject to being listed within 12 months;
• up to 10% invested non-index positions which may include stocks listed on foreign stock exchanges
• the Fund does not invest in derivatives;
• the Fund will not be geared.


The Chester High Conviction Fund seeks to exploit inefficient markets by investing in companies with sustainable earnings with an ability to generate free cash flow or dividend growth. Valuation support is critical to ensure a margin of safety

BENCHMARK The Fund’s portfolio is constructed and managed without regard to any benchmark index weights, however for performance comparison purposes the S&P/ASX 300 Accumulation Index is used.
FUND SIZE The Fund’s portfolio is constructed and managed without regard to any benchmark index weights, however for performance comparison purposes the S&P/ASX 300 Accumulation Index is used.
FEES 0.95% of the NAV of the fund



• Access to a specialist investment boutique structure,  alignment of interests between the investors and the portfolio manager is absolute, portfolio manager alongside the investors
• The IM portfolio manager has a proven long term track record of investing successfully through different market cycles.
• Investments in a select group of stocks predominantly from the ASX300 universe focusing on a narrow universe of stocks within the ASX300 that fulfil thematic and quantitative screening ideas. This focus gives the Fund the best platform to deliver superior performance through a deeper insight into fewer stocks.
• The opportunity to invest in a concentrated, high-conviction portfolio that is highly index unaware


This product is likely to be appropriate for a consumer seeking capital growth to be used as a satellite allocation within a portfolio where the consumer has a medium investment timeframe, high risk/return profile and needs daily access to capital



Key Features

The Fund has and maintains an environmental, social and governance framework which is embedded into its investment processes. Its ESG Guidelines outline how the Fund uses ESG considerations to assist in making investment choices. The Fund doesn’t construct portfolios purely on ESG
grounds but may remove a company from its investment universe based on ESG considerations.

The Fund is a managed investment scheme in which funds subscribed by individual investors are pooled to buy assets on behalf of all investors in the Fund. Assets are selected and managed by a professional investment management team The Fund is established under a constitution, which sets out your rights, as well as the powers and responsibilities of Copia. You can obtain a free copy of the constitution by contacting us. Investors are issued units which entitle them to a proportionate interest in the income and assets of the Fund. Investors do not have an entitlement to any particular asset of the Fund. The Fund’s assets are valued in accordance with the Fund’s constitution based on market values. Unit prices will vary as the market value of the Fund’s assets rises and falls. A unit price is calculated each business day by dividing the Fund’s net asset value (NAV) by the number of units on issue. An allowance for transaction costs incurred in buying and selling Fund assets may be added to or subtracted from the Fund’s unit price to determine an application price and a withdrawal price. The difference between the application price and the withdrawal price is known as the buy/sell spread. When you invest in the Fund, you will be issued a number of units calculated by reference to the applicable unit application price. When you withdraw from the Fund, your units will be withdrawn at the applicable unit withdrawal price.