CHESTER HIGH CONVICTION FUND
- Gain exposure to a concentrated portfolio of outstanding Australian 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. While we seek out growth characteristics, the fund has a focus on valuation discipline and often generates strong performance from stocks that we consider to be underappreciated or unloved.
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 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 — 27 July 2020) 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.
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned APIR OPS7755AU September 2021) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http://www.zenithpartners.com.au/RegulatoryGuidelines
PERFORMANCE: CHESTER HIGH CONVICTION FUND (AFTER FEES)
| To 30 September 2021 | 1 Mth | 3 Mths | 6 Mths | 1 Yr | 3 Yrs (p.a.) | 5 Yrs (p.a.) | 7 Yrs (p.a.) | Since inception (p.a.) |
|---|---|---|---|---|---|---|---|---|
| Chester High Conviction Fund | 1.0% | 6.3% | 14.4% | 37.6% | 13.4% | 14.6% | 16.5% | 16.7% |
| S&P/ASX 300 Accumulation Index | -1.9% | 1.8% | 10.4% | 30.9% | 9.9% | 10.5% | 9.3% | 9.0% |
| Outperformance | 2.9% | 4.5% | 4% | 6.7% | 3.5% | 4.1% | 7.2% | 7.7% |
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. Inception of the Chester High Conviction Fund for performance calculation purposes is 8 October 2013 (based on the underlying High Conviction strategy returns). The inception of the Unit Trust is 27 April 2017.
UNIT PRICES
| Prices at 27/10/2021 | Application Price | Net Asset Value | Redemption Price | Unit Price History |
|---|---|---|---|---|
| Chester High Conviction | 1.538019 | 1.533419 | 1.528819 | Click Here |
DISTRIBUTIONS
| Distribution frequency | Half-yearly |
|---|---|
| 30 Jun 2021 distribution DPU | 0.248 |
| Reinvestment price | 1.4139 |
| Reinvestment date | 01/07/2021 |
| Ex-distribution price (red) | 1.4097 |
| Cum-distribution price (red) | 1.656897 |
DOCUMENT LIBRARY
Reports and Brochures
| Fact sheet | About the Chester High Conviction Fund |
| August 2021 | Monthly update – Chester High Conviction Fund |
| September Qtr 2021 | 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 |
| Withdrawal Form | Make a withdrawal from the Chester High Conviction Fund |