DNR Capital Australian Equities Income Portfolio
About this Fund
Fund Detail
PDS | |
FUND MANAGER | DNR Capital |
ASX Code | |
APIR | |
ASSET CLASS | SEPARATELY MANAGED ACCOUNTS |
INVESTMENT STYLE | ASX listed securities with a focus on those included in the S&P/ASX 200. Style neutral with a focus on quality and sustained income growth. |
INVESTMENT PROFILE | To outperform the S&P/ASX 200 Industrials Accumulation Index and deliver higher levels of income (before fees) over a rolling three year period. |
CURRENCY MANAGEMENT | Unhedged |
INCEPTION DATE | 01-12-2007 |
BENCHMARK | S&P/ASX 200 Industrials Accumulation Index |
FUND SIZE | S&P/ASX 200 Industrials Accumulation Index |
DISTRIBUTION FREQUENCY | N/A |
NO. OF HOLDINGS | 15-30 |
FEES | Platform dependent |
STRUCTURE |
Benefits
Benefits | Benefits of investing in the DNR Capital Australian Equities Income Portfolio
Investor suitabilityInvestors
with a medium-to-long term investment objective, who seek a greater level of
income and who can make use of franking credits. |
RISK LEVEL | |
INVESTOR SUITABILITY |
Risks
Title | |
Detail |
Key Features
The DNR Capital Australian Equities Income Portfolio is designed for investors who are seeking a greater level of income and who can make use of franking credits. Investment philosophyDNR Capital believes a focus on quality companies will enhance returns when it is combined with a thorough valuation overlay. We seek to identify quality companies that are mispriced by overlaying our quality filter, our Quality Web', with a strong valuation discipline. The portfolio is high conviction, after-tax focused and invests for the medium-to-long term. Investment strategyThe DNR Capital Australian Equities Income Portfolio has an investment style best described as style neutral' with above-average income and associated franking credits. The stock selection process has a strong bottom-up discipline and focuses on buying quality companies at reasonable prices. The DNR Capital Australian Equities Income Portfolio also has a preference for companies that have high and sustainable dividend capability, strong profit-to-cash conversion, and relatively assured earnings growth. Companies that generate franking credits predominate. Quality companies are defined as being those companies with the following six attributes:
The focus of the portfolio is on yield. We are focused on a growing, sustainable dividend yield above the market. Where a company possesses quality characteristics then it is eligible for inclusion in the portfolio. However, it must also represent value and sit comfortably within the portfolio construction requirements. A range of valuation methodologies are used depending on the nature of the company being assessed to identify mispriced opportunities. The portfolio construction process is influenced by a top-down economic appraisal and also considers the risk characteristics of the portfolio, such as stock and sector correlations. |
Mandate
How we invest your moneyAsset allocationThe SMA platform generally sets the portfolio asset allocation ranges. In the DNR Capital Model Portfolio they are as follows:
The portfolio has a 15% maximum weighting stock limit. This provides only an indication of the intended investments of the portfolio. You may obtain information of the actual investment allocations of the portfolio by contacting the SMA platform directly. The portfolio will not invest in derivatives. |