The information in this website is of a general nature only. It does not take into account your personal objectives, financial situation or needs. The information is not intended to constitute investment, legal or taxation advice as it is of a general nature only.
This document does not constitute an offer of units in a Lakehouse Capital Fund in any jurisdiction other than Australia or New Zealand. Applications for units in a Lakehouse Capital Fund from residents outside of Australia and New Zealand will not be accepted.
By clicking on the “I Confirm” button below you acknowledge the above statements and confirm that you are accepting this offer in Australia or New Zealand and/or that you are acting on behalf of a person who is a resident in one of those jurisdictions.
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$100,000 invested in the Fund would be worth approximately
$
$100,000$100,000 invested in the Benchmark would be worth approximately
$
207,860 ^ Performance calculations are based on the month end exit price with distributions reinvested, after fees and expenses, since inception on 30 November 2017.
* Benchmark: MSCI All Country World Index net total returns (AUD).
Returns greater than one-year are annualised. Past performance is not indicative of future returns.
^ Performance calculations are based on the month end exit price with distributions reinvested, after fees and expenses, since inception on 30 November 2017.
* Benchmark: MSCI All Country World Index net total returns (AUD).
Returns greater than one-year are annualised. Past performance is not indicative of future returns.
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, innovative and valuable 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 30 high-conviction investments at a time, as we see little appeal in putting capital behind a 31st 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.
The Fund will typically hold 5% to 15% of assets in cash but may hold up to 20% 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.
| 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 |
Daily applications & redemptions |
| Benchmark |
MSCI All Country World Index net total returns (AUD) |
Minimum Investment |
$25,000 |
| Structure |
Open-ended unit trust for retail and wholesale investors |
Responsible Entity |
Equity Trustees Limited (ACN 004 031 298, AFSL number 240975) (EQT) |
| Portfolio Manager |
Nick Thomson |
Contact |
[email protected] (02) 8294 9800 |
How to Invest
Direct investment
Investments can be made directly via a Product Disclosure Statement (PDS) application form or online by clicking the button below
Invest now
Via mFund
Code: LKH01
Learn more
- Read the Product Disclosure Statement
- Complete the online application form
- Transfer funds
New Investors
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.
New Investor Application Form
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.
Click here for more detail and step-by-step instructions, including where to find your investor profile ID number. *BPAY only payment assumes no changes to the beneficial owner.
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.
Application Form
For any questions about the application form please contact One Registry Services at: [email protected] or 02 8188 1510.
The Lakehouse Global Growth Fund appears on the following third party platforms:
- HUB24
- Netwealth
- Macquarie Wrap
- Ausmaq
- Praemium
- Powerwrap
- Mason Stevens
- Wealth O2
- Aegis NZ
What is an mFund?
An mFund product is an unlisted managed fund admitted for settlement under the ASX Operating Rules and available to investors through the mFund Settlement Service. The ASX rule framework supports the mFund Settlement Service by ensuring all parties, including stockbrokers, product issuers and unit registrars, are accountable for their roles and responsibilities. This rule framework underpins the high level of standards expected of services delivered by ASX.
What is the mFund Settlement Service?
The mFund Settlement Service enables you to buy (apply for) and sell (redeem) units in units in the Lakehouse Global Growth Fund through a process offered by the ASX.
You can easily buy (apply for) and sell (redeem) units in this unlisted managed fund via a participating broker and the transactions are settled using CHESS, ASX’s world-class electronic settlement system.
Your holdings in this fund are held electronically and can be linked to the same Holder Identification Number (HIN) used to hold other investments transacted through ASX.
This means you can track your investments in this fund using the same systems you use for shares and other securities. So now it’s faster and more convenient than ever before to diversify your portfolio.
Benefits of investing through the mFund Settlement Service
- Access to a broad range of unlisted managed funds through a central hub and a participating stockbroker or adviser relationship.
- Easier transaction and administration of unlisted managed fund investments, including the ability to use an existing stockbroking account to access unlisted managed funds.
- More-timely access to a wider range of information about unlisted managed funds, including unit prices and related announcements.
- Same high level of settlement certainty investors enjoy with shares.
- Easier to change between unlisted managed fund investments.
Lakehouse Global Growth Fund available through the mFund Settlement Service
mFund code: LKH01
Product Disclosure Statement
How to invest in Lakehouse Global Growth Fund via mFund
- Research the mFund Settlement Service and unlisted managed funds available through this service.
- Contact a participating broker, which can be either a full service or online broker. Click here to see the list of available brokers on the mFund website.
- Read the relevant fund Product Disclosure Statement (PDS) for the chosen unlisted managed fund and the accompanying Additional Information book including other relevant managed fund summaries and reports.
- Instruct your broker with a buy or sell order and make payment for new units in the Lakehouse Global Growth Fund.
- Once your transaction is complete an mFund confirmation and CHESS statement will be sent to you.
By using CHESS, orders for units are sent electronically, this enables progress of orders to be monitored, and at settlement for unit balances to be recorded on your HIN alongside other investments; providing greater transparency over your holdings.
Find out more about mFunds
Important information: Equity Trustees Limited (ACN 004 031 298, AFSL number 240975) (EQT) is the issuer of units in the Lakehouse Global Growth Fund (ARSN 621 899 367) (Fund).
The information included in this message has been prepared without taking account of the reader’s objectives, financial situation or needs. All of the commentary, statements of opinion and recommendations contain only general advice. Any person reading this message should, before deciding to invest in the Fund, read the product disclosure statement and seek professional advice.
