Unit Price as at 30-Jun-18
|Lakehouse Global Growth Fund||Date||Entry ($)||Mid ($)||Exit ($)||Unit Price History|
|Monthly Unit Price||30-Jun-18||$1.0870||$1.0854||$1.0838||Click Here|
Net Performance as at 30-Jun-18
|1 month||Since Inception|
|Lakehouse Global Growth Fund, Net ^||3.2%||8.5%|
The Lakehouse Global Growth Fund focuses on investing in mid- to large-capitalisation global growth companies in developed markets. We’re excited to back some of the world’s great growth companies, diversify into new markets, and do it with our signature high-conviction, low-turnover style.
Instrumental to the opportunity is that:
- 98% of the world’s equity market value is listed outside Australia.
- Everyday household names — including the world’s most dominant, valuable technology companies — are not listed in Australia.
Value creation is happening at a faster pace and greater scale than ever before. The transition from bricks to bytes is accelerating thanks to the plunging costs of computing and the rising speeds and adoption of the internet. Great opportunities come in many shapes, sizes, industries, and markets, which is why we’ve armed the Fund with the ability to own businesses across the spectrum of listed global markets. Big picture, we’re backing market leaders with long growth runways.
We’re also believers in backing our best ideas by running a concentrated strategy. The Fund will typically hold 20 to 40 high-conviction investments at a time, as we see little appeal in putting capital behind a 41st best investment idea.
Contributing to our mindset is: 1) our long-term time horizon, and 2) that very few companies meet our high standards. We also prefer to know our companies very well which better suits a concentrated strategy.
More specifically, at the position level the Fund is searching for companies that present the following characteristics:
- Strong positions in growing markets.
- Pricing power with customers and suppliers.
- Durable competitive advantages grounded in; scale, strong brands, network effects, or high customer switching costs.
- Aligned and experienced management teams with strong track records of capital allocation.
- Conservative balance sheets.
- Attractive valuations that afford upside to our estimate of fair value.
The Fund will typically hold 5% to 15% of assets in cash but may hold up to 25% based on the prevailing opportunity set. While the Fund will focus on mid- and large-capitalisation companies listed in developed markets, it will, where the investee company meets the attributes above, invest in companies that are listed in emerging markets or that are smaller in capitalisation.
The Fund does not invest in derivatives (including for the purposes of currency hedging), sell short, or borrow to invest.
The Fund’s objective is to outperform the MSCI All Country World Index net total returns (AUD) over rolling 5-year periods.
Should you wish to invest, please read the Product Disclosure Statement (located on the right hand side of this page) and complete the application form. Further details, including brief instructional videos, are located below.
|Name||Lakehouse Global Growth Fund (ARSN 621 899 367)||Available to||Retail and wholesale investors in Australia & New Zealand|
|Investment Focus||Mid- to large-capitalisation companies listed in developed markets||Liquidity||Weekly applications & redemptions|
|Benchmark||MSCI All Country World Index net total returns (AUD)||Minimum Investment||$100,000 (Unless otherwise agreed)|
|Structure||Managed investment scheme structured as an open ended retail unit trust.||Responsible Entity||One Managed Investment Funds Limited (ACN 117 400 987) (AFSL 297042)|
|Portfolio Manager||Joe Magyer||Contactfirstname.lastname@example.org (02) 8294 9800|
How to Invest
- Read the Product Disclosure Statement
- Complete the online application form
- Transfer funds
For your convenience, we’ve created this brief 3-minute instructional video to guide you through the application process. Includes details regarding immediate online ID verification, applying via an entity eg: SMSF, making payment via BPAY, and more.
Handy hint! Get prepared by having identity documents (such as driver’s licence and passport) along with tax file number, ready.
Existing Investors: Adding to investment
To add to your investment simply BPAY the payment and Registry will confirm additional units in the Fund. No further action is required. Biller code: 276428.
As an existing investor you are able to make additional payments to top-up your investment in the Fund at any time. Existing investors who make additional payments via BPAY (using their investor profile ID number as the reference) do NOT need to fill out an application form. To add to your investment simply BPAY the payment and Registry will confirm additional units in the Fund.
Existing Lakehouse Small Companies Fund Investors: investing in the Lakehouse Global Growth Fund
Any existing Lakehouse Small Companies Fund investor who wants to apply for units in the Lakehouse Global Growth Fund — using the same entity — will have a much shorter application experience.
This brief 2-minute instructional video guides existing Lakehouse Small Companies Fund investors through the shortened application form. Includes details on a specific check-box to tick for identity purposes, and where to find your market value statement.