CHESTER HIGH CONVICTION

CHESTER HIGH CONVICTION FUND

  • Gain exposure to a concentrated portfolio of outstanding Australian and Asian equity opportunities
  • Opportunity to diversify your portfolio with a benchmark unaware strategy and complement your core Australian equity holdings
  • The team focuses on managing risk and preserving your capital with a defensive sleeve built into the investment process

The Chester High Conviction Fund is designed to deliver long-term risk adjusted performance above the S&P/ASX 300 Accumulation Index with a secondary focus on capital preservation.

The Fund seeks to invest in companies that can display growth in sustainable earnings and free cash flow. The investment universe includes the top 300 companies listed on the ASX as well Asian companies with a competitive advantage in the domestic consumption sectors.

Fund Features

Manager Chester Asset Management
Responsible entity Copia Investment Partners – AFSL No. 229316
APIR code OPS7755AU
Inception date April 2017
Benchmark S&P/ASX 300 Accumulation Index
Objective To outperform the S&P/ASX300 Accumulation Index by 5% (before fees) over a rolling 3-year time frame.
Investment time frame At least 3 years
Fees Management fee
0.95% p.a. (including GST net of RITC)
Performance fee
0.15% (including GST and net of reduced input tax credits) of any excess performance (after deducting the management fee) above the benchmark S&P/ASX 300 Accumulation Index to 30 June.
Number of stocks 25 – 40
Distributions Six-monthly
Investment amounts
  • Minimum initial investment: $20,000
  • Minimum additional investment: $5,000
Suitable investors
  • Investors seeking concentrated equity market exposure.
  • Investors seeking a highly active investment approach with an investment horizon of three years or more.
  • Investors who may want to complement an existing core equity holding with a specialist strategy.
Platform
Ratings

The Lonsec Ratings (assigned as follows: APIR OPS7755AU — November 2018) presented in this website is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421445. The Ratings are limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial products. Past performance information is for illustrative purposes only and is not indicative of future performance. They are not a recommendation to purchase, sell or hold Copia Investment Partners products, and you should seek independent financial advice before investing in these products. The Ratings are subject to change without notice and Lonsec assumes no obligation to update the relevant documents following publication. Lonsec receives a fee from the Fund Manager for researching the products using comprehensive and objective criteria. For further information regarding Lonsec’s Ratings methodology, please refer to our website at http://www.lonsecresearch.com.au/research-solutions/our-ratings.

PERFORMANCE

To 31 October 2019 1 Mth 3 Mths 6 Mths 1 Yr 3 Yrs (p.a.) 5 Yrs (p.a.) Since inception (p.a.) (April 2017)
Chester High Conviction Fund -0.4% 0.9% 5.8% 7.1% - - 10.4%
S&P/ASX 300 Accumulation Index -0.4% -0.8% 7.7% 19.5% - - 9.5%
Outperformance 0% 1.7% -1.9% -12.4% 0% 0% 0.9%

Past performance is not a reliable indicator of future performance. The total return performance figures quoted are historical, calculated using end-ofmonth mid prices and do not allow for the effects of income tax or inflation. Total returns assume the reinvestment of all distributions. The performance is quoted net of all fees and expenses. The indices do not incur these costs.

STRATEGY PERFORMANCE

The High Conviction Strategy Performance table above includes the performance of the Chester High Conviction Fund (from inception April 2017) and prior to that, the SGH Australian Plus Fund (from inception October 2013 to February 2017).
Both Funds are based on the same investment strategy, for the periods where the Funds were managed by Rob Tucker as Portfolio Manager during his tenure at SG Hiscock & Co, and then at Chester Asset Management.
1 FY14% Includes the period from October 2013 to end June 2014
2 As there is crossover in this year, the FY17 return combines the performance of the SGH Fund (8 months) and Chester Fund (2 months).

UNIT PRICES

Prices at 05/12/2019 Application Price Net Asset Value Redemption Price Unit Price History
Chester High Conviction 1.291626 1.287763 1.2839 Click Here

DISTRIBUTIONS

Jun 18  Dec 18 Jun 19
Dollars per unit 0.033247 0.005782 0.006449
Reinvestment price 1.2811 1.088031 1.186259
Reinvestment date 2/07/2018 2/01/2019 1/07/2019
Ex-distribution price (red) 1.272764 1.07869 1.184829
Cum-distribution price (red) 1.305911 1.084455 1.191258

 

Distribution history
 Chester High Conviction Fund distribution history – 30 June 2018
 Chester High Conviction Fund distribution history – 31 December 2017

DOCUMENT LIBRARY

Reports and Brochures

Fact sheet About the Chester High Conviction Fund
October 2019 Monthly update – Chester High Conviction Fund 
September Qtr 2019 Quarterly thoughts – Chester High Conviction Fund

Disclosure document and forms

Product Disclosure Statement and Application Form Product information about the Chester High Conviction Fund
Additional investment form Add to your existing investment in the Chester High Conviction Fund
Withdrawal Form Withdraw from your existing investment in the Chester High Conviction Fund
Change of Contact Details Form Advise Copia of your new personal details
Change of Adviser Form Advise Copia of your new financial adviser
Change of Bank Account Details Form Advise Copia of your new bank details