|Lakehouse Global Growth Fund||Date||Entry ($)||Mid ($)||Exit ($)||Unit Price History|
|Latest Price||22-Jul-21||$2.2803||$2.2769||$2.2735||Click Here|
Net Performance as at 30-Jun-21
|1 Month||3 Month||1 Year||3 Year (p.a.)||Since Inception (p.a.)|
|Lakehouse Global Growth Fund, Net ^||6.9%||11.2%||33.2%||29.9%||27.3%|
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. 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||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||Joe Magyer||Contact||[email protected] (02) 8294 9800|
How to Invest
Investments can be made directly via a Product Disclosure Statement (PDS) application form
Via a platform
APIR: OMF1140 AU
- Mason Stevens
- Wealth O2
- AEGIS NZ