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 |
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| Suitable investors |
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| Platform |
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| Ratings |
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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.
PERFORMANCE
| To 31 July 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 | 3.3% | 4.9% | 9.1% | -3.1% | - | - | 11.2% |
| S&P/ASX 300 Accumulation Index | 3.0% | 8.6% | 18.8% | 13.2% | - | - | 11.0% |
| Outperformance | 0.3% | -3.7% | -9.7% | -16.3% | 0% | 0% | 0.2% |
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.
UNIT PRICES
| Prices at 21/08/2019 | Application Price | Net Asset Value | Redemption Price | Unit Price History |
|---|---|---|---|---|
| Chester High Conviction | 1.188745 | 1.185189 | 1.181633 | 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 |
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| 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 |
| July 2019 | Monthly update – Chester High Conviction Fund |
| June 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 |