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SGH High Conviction Fund

An actively managed high-conviction Australian equity fund that invests in a concentrated portfolio of between 15 to 30 ASX listed companies. The Fund invests in a concentrated portfolio of Australian stocks that aims to offer long-term returns in excess of the S&P/ASX 300 Accumulation Index (after fees).

Before making a decision about whether to make an investment in the Fund, please read the Fund’s Target Market Determination (TMD) and Product Disclosure Statement (PDS)(including all incorporated information) to ensure the features of the Fund as described in the TMD and PDS aligns with your objectives, financial situation and needs.

Monthly Fact Sheet
How to invest

Hamish Tadgell, Portfolio Manager, March 2024 Fund update

Click here to read the transcript here.

SGH High Conviction Fund

An actively managed high-conviction Australian equity fund that invests in a concentrated portfolio of between 15 to 30 ASX listed companies. The Fund aims to offer long-term returns in excess of the S&P/ASX 300 Accumulation Index (after fees).

Before making a decision about whether to make an investment in the Fund, please read the Fund’s Target Market Determination (TMD) and Product Disclosure Statement (PDS) (including all incorporated information) to ensure the features of the Fund as described in the TMD and PDS aligns with your objectives, financial situation and needs.

At a Glance

APIR code ETL0042AU mFund code SHF01 Minimum investment $20,000 Management cost 0.90% Distributions per annum 2 Commencement date 28/10/2004 Asset class Equity Benchmark S&P/ASX 300 Accumulation Index
Investment objective The Fund invests in a concentrated portfolio of Australian stocks that aims to offer long-term returns in excess of the S&P/ASX 300 Accumulation Index (after fees).
Please refer to the current PDS, reference guide and TMD for further details including any additional fees that may be applicable.

At a Glance

APIR code ETL0042AU mFund code SHF01 Minimum investment $20,000 Management cost 0.90% Distributions per annum 2 Commencement date 28/10/2004 Asset class Equity Benchmark S&P/ASX 300 Accumulation Index
Investment objective The Fund invests in a concentrated portfolio of Australian stocks that aims to offer long-term returns in excess of the S&P/ASX 300 Accumulation Index (after fees).
Please refer to the current PDS, reference guide and TMD for further details including any additional fees that may be applicable.

Investment strategy

Our strategy is to only allocate capital to high-quality ideas where we have conviction. Our focus is on identifying businesses with a competitive advantage that are well-positioned in attractive end markets to grow free cash flow, at an acceptable margin of safety to valuation. This is done through a rigorous, repeatable and disciplined quality assessment of the company’s earnings, business and management. As part of this we undertake an extensive company visitation program which is important in providing ‘insight’, testing our thinking and developing our highest conviction ideas. We seek to know as much about our companies as possible, with a view to mitigating permanent capital loss and delivering outperformance over the long term.

Investment parameters

The Fund is not bound by indices, allowing us to invest only in those companies that meet the strict investment criteria.  Investments in the Fund will be in a portfolio of up to 30 stocks (with a minimuim of 15 stocks) that are listed on the ASX. Between 80% and 100% of the fund’s exposure will be to Australian equities. Cash levels must not exceed 20%.  Generally, no more than 15% of the portfolio to be held in any one company, but 10% on initial purchase.

Performance as at 31 May 2024. Powered by data from Financial Express. For funds with less than 5 yrs performance history, refer to fact sheet for since inception returns.

 

Performance
Performance 1M 3M 6M 1Y 3Y 5Y 7Y 10Y Entry Nav Exit Date History
MOREBACK
Fund Name 1.40% 1.00% 9.83% 12.94% 6.43% 7.85% 8.53% 8.58% $1.6046 $1.6006 $1.5966 11/06/2024

HOW TO INVEST

1. Download and read PDS, reference guide and PDS Download
Target Market Determination (TMD). TMD Download
2. Complete application form Reference guide Download
3. Send application form to Apex Fund Services Unit Registry Application form Download

HOW TO INVEST

Existing SGH or DMP investor with Apex investor number:

  1. Download and read PDS, reference guide and Target Market Determination (TMD).
  2. Complete additional investment form and send to Apex Fund Services Unit Registry.
  3. If using BPAY® no form is required. BPAY® Biller Code is 349688. You will need your Customer Reference Number (CRN) which you received from Apex Fund Services.

Please contact Apex Fund Services at 1300 133 451 if you require assistance.

Not an existing SGH or DMP investor:

  1. Download and read PDS, reference guide and Target Market Determination (TMD).
  2. Submit application form online.

OR

  1. Download and read PDS, reference guide and Target Market Determination (TMD).
  2. Complete an application form and send to Apex Fund Services Unit Registry.

AWARDS

RESEARCH RATINGS

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Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nulla aliquet venenatis sapien ut mattis. Donec ultricies est justo, quis viverra augue luctus sed. Vivamus interdum eleifend arcu id tincidunt. Cras facilisis libero purus, sit amet eleifend odio tempus nec. In sit amet urna sit amet purus porttitor blandit. Suspendisse luctus, urna vel rhoncus scelerisque, diam sapien pellentesque nisl, vel pretium sapien mi rutrum dui. Curabitur ac faucibus enim. Ut feugiat tortor a nisl tempus, varius luctus nibh tincidunt. Fusce ante magna, commodo nec arcu in, commodo iaculis lacus. Mauris porttitor, sem vel egestas consectetur, purus tellus commodo nibh, et ultrices lectus nisl ut mi. Vivamus tincidunt gravida faucibus. Sed eros lacus, tempor vel nulla vel, lobortis ultrices quam. Curabitur at erat ac nunc congue mattis ac eget est. Pellentesque nec elit vel massa semper gravida.

Nullam sagittis suscipit sapien, vel ultrices leo bibendum ac. Mauris eget orci eros. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Sed aliquam ante odio, vel dictum magna tempor et. Nam fringilla erat vitae nulla convallis, ut condimentum diam fringilla. Cras eros urna, porttitor fringilla maximus sed, eleifend nec risus. Pellentesque ullamcorper porttitor enim eget pulvinar. Donec mi est, viverra et finibus eu, bibendum in nunc. Etiam a dui ut lorem ultricies porttitor. Vivamus eget nulla ut erat varius fermentum et ac ex. Nunc egestas sollicitudin lorem, sed dignissim mauris ornare varius. Nulla facilisi. Proin dignissim maximus nisi vel feugiat. Integer dui est, ultrices vel neque ut, viverra volutpat sapien. Nam cursus venenatis rutrum. Maecenas et erat ac enim vehicula vehicula.

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David Chen