Intelligent Investor
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Portfolio Promotion
Portfolio Promotion

Intelligent Investor
Ethical Share Fund

A listed fund investing in Australia's best businesses & tomorrow’s leaders
Offer closed
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INES performance
INES provides exposure to a portfolio of ESG screened growth companies. Investors can match financial goals with their principles in a value investing active ETF.
Launched in 2019, INES has had a prosperous beginning. Portfolio manager Nathan Bell took advantage of the FY22 market excitement and took profits for the fund from several excellent performing investments.
The current market climate has favoured the cyclical resource giants, who do not pass our ethical filters. This means high-quality businesses, like CSL and ResMed, and our collection of founder-led mid-to-small cap companies, are trading at their most attractive valuations in years. Opportunities abound and Nathan has put the cash to work.
quote
Higher interest rates and fears miracle weight loss drugs will drastically reduce healthcare are creating the best opportunities we've seen since COVID. INES's small cap holdings are poised for long-term outperformance, while the country’s best healthcare stocks are trading at their most attractive prices in at least five years.
— Portfolio Manager, Nathan Bell.
INES has implemented an investment style and process that systematically takes into account environmental, social, governance and ethical considerations. In addition, an external party has verified the INES investment process reliability.
Benefits of investing in the Intelligent Investor Ethical Share Fund
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A patient value investing approach from a team with a 20+ year track record of success.
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A portfolio of today's market leaders and the next generation of quality compounders.
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Meets strict operational and disclosure practices required by the Responsible Investment Association Australasia (RIAA).
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Low management fee and no performance fee - more returns stay in investors pockets.
1 yr. 2 yrs. p.a. 3 yrs. p.a. SI p.a.
Total Return -6.22% -8.15% 3.40% 6.65%
S&P ASX 200 Accumulation Index 2.95% 0.44% 8.88% 4.74%
Note: inception date 11 June 2019
#Past performance is no indicator of future performance.
Top 10 holdings as at 31 Oct 2023
Auckland International Airport Ltd7.03%
Audinate Group Limited6.61%
RPMGlobal Holdings Limited6.05%
CSL Limited5.86%
Telstra Corporation Limited4.70%
Wesfarmers Limited4.52%
Aussie Broadband Limited4.35%
Carsales.com Limited4.13%
ResMed Inc4.00%
Pinnacle Investment Management3.85%
Secondary issue offer & indicative timetable
ASX CodeINES
Offer opensMonday 13 November 2023
Offer ClosesFriday 24 November 2023
Allotment DateThursday 30 November 2023
Listing DateFriday 1 December 2023
Minimum Investment amount$2,000
Management Fees0.97% per annum
Units will be issued at the Net Asset Value price per unit as calculated at close on Friday 24 November 2023. The number of units issued to you will be your application amount divided by the NAV per unit, rounded down to the nearest whole unit.
This Fund is for investors with a higher risk appetite looking to gain exposure to a concentrated portfolio of the best ethically screened ASX listed stocks our Intelligent Investor analysts can find.
To make sure this fund is suitable for you, please read our Target Market Determination for this Fund.
Download Product Disclosure Statement (PDS)Product Disclosure Statement (PDS)
Download Fund Fact sheetFund Fact sheet
Download Target Market DeterminationTarget Market Determination
Intelligent Investor Ethical
Share Fund Sector Allocation
INES allocation pie chart
INES video
Articles about the Intelligent Investor Ethical Share Fund
Intelligent Investor Ethical Fund
Article 1: Intelligent Investor Ethical Fund - Why now?
Read more
Intelligent Investor Ethical Fund
Article 2: Intelligent Investor Ethical Fund - Two biggest opportunities
Read more
Intelligent Investor Ethical Fund
Quarterly Update, 30 September 2023
Read more
Offer closed

Meet the Investment Committee

  • Nathan Bell
    Head of Research & Portfolio Management
    Nathan Bell
    Nathan Bell CFA B.Econ Grad Dip Fin Head of Research & Portfolio Management

    Nathan has over 20 years' investment experience, which includes previous roles at Deutsche Bank and Peters Macgregor. Nathan contributes regularly to the financial press and regularly appears on Sky Business. He graduated from Flinders University with a Bachelor of Economics and subsequently completed a Graduate Diploma of Applied Investment and Management. Nathan is a CFA Charterholder.

  • Paul Clitheroe, AM
    Chairman
    Paul Clitheroe, AM
    Paul Clitheroe, AM AM, B.A. (UNSW), SNF Fin, CFP Chairman

    Paul has 37 years of investment experience and is regarded one of Australia's leading "money" experts. From 1993 to 2002, Paul hosted the popular Channel 9 program Money and now currently writes for newspapers across Australia, is a frequent guest expert on Australia's major television networks and radio.

    Paul is Chairman of The Australian Government Financial Literacy Board and Money Magazine. He also holds the Chair of Financial Literacy at Macquarie University.

  • Effie Zahos
    Chief Content Officer & Money Commentator
    Effie Zahos
    Effie Zahos Chief Content Officer & Money Commentator

    Effie is one of Australia's leading personal finance commentators with more than two decades of experience helping Australians make the most of their money. A regular money expert on Channel 9's Today Show and on radio around Australia, Effie is also the author of The Great $20 Adventure and A Real Girl's Guide to Money and Ditch the Debt and Get Rich.

    Effie was Editor-at-Large of Canstar for four years and now acts as an ambassador for the comparison site. She was also editor of Money magazine until 2019, having helped establish it in 1999.

    Passionate about financial literacy, Effie sits on the board of directors for Ecstra, a not-for-profit organisation committed to building the financial capability of all Australians.

    Effie holds a Bachelor of Economics Degree from the University of Queensland. She is the proud mother of two children who are beginning to build on their own financial freedom.

  • Alastair Davidson
    Head of Funds Management
    Alastair Davidson
    Alastair Davidson B Ec (Hons), CA Head of Funds Management

    Alastair has held executive positions in the banking and financial services industry for over 27 years in the UK, USA and Australia. Prior to joining InvestSMART in 2014, he held Director positions with Aurora Funds Limited, Challenger and Salomon Smith Barney. Alastair has an Honours degree in Economics from the University of St Andrews and is currently the Treasurer of the Centenary Institute of Medical Research, Chairman of the Investment Committee of the Centenary Institute Endowment Fund and member of the Institute of Chartered Accountants in Scotland.

  • Alan Kohler, AM
    Founder-Eureka Report
    Alan Kohler, AM
    Alan Kohler, AM Founder-Eureka Report

    Alan Kohler is one of Australia's most experienced business commentators. Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia's #1 online investment report. Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website now owned by News Corp. He has been a columnist and editor at the Australian Financial Review and The Age. Alan is the regular finance presenter on the ABC News and producer of the popular nightly graph (or two) and writes a regular column for the New Daily.

    As well as being Editor-in-Chief of InvestSMART Group, Alan is currently finance presenter on ABC News, Business Editor at Large of The Australian, presenter of the Talking Business channel on Qantas radio and an adjunct professor in the business faculty at Victoria University.

  • Ron Hodge
    Managing Director
    Ron Hodge
    Ron Hodge B.Com, B.Econ, MSc. Info Tech, GAICD, SF FIN Managing Director

    Ron has worked in financial services for over 25 years, including UBS in Singapore and Bell Commodities in Sydney and founded InvestSMART in 1999. Ron holds a Masters degree in Computer Science, Bachelor Degrees in Commerce and Economics, a Graduate Diploma in Applied Finance and Investments and is a Graduate of the Australian Institute of Company Directors.

FAQs

By going through this offer process, you avoid paying brokerage and the buy/sell spread. 

If you participate in this offer, your units will be allocated at the Net Asset Value (NAV) at the closing value on the offer close date. However, we do not know what this will be until the offer is closed. 

The Intelligent Investor Funds are listed on the ASX and the Fund offers to buy and sell units to provide liquidity for investors at the Net Asset Value (NAV). The NAV can be viewed in the Key Facts section for each Fund and is updated on our website every minute the market is open.

After viewing the NAV on the fund page, look at the Fund on your brokerage platform. During market hours, you will typically see 100,000 units sitting one cent above the NAV price on the "sell" side and 100,000 units sitting one cent below the NAV on the "buy" side. These units are the Fund sitting in the market, providing liquidity at the buy and sell price. If your order is more than 100,000 units, the Fund will create additional units on the spot to meet demand. The Fund will typically come into the market after the whole market is open, e.g. 10:15 am.

The Fund will create and redeem units on demand. Therefore, this Fund is unlike a listed investment company where you must buy or sell to another investor.

To buy and sell units, you must do this via a broker or share trading platform. Occasionally, we run offers where you can purchase directly through Intelligent Investor. 

Yes. The Fund aims to pay half yearly distributions. All applicable franking credits are passed onto the investor. The distribution is made up of all realised capital gains and income received by the Fund minus expeneses and capital losses.

Funds transfer MUST be made before 5 pm (Sydney/Melbourne time) on the offer closing date.

This date will be shown on the offer page, under the timetable on the right-hand side. However, we would recommend not leaving your transfer to the last minute as some investors may need to make multiple transfers due to their bank's daily transfer limits.

Units are available for purchase or sale on the ASX during each trading day. Click here for more information about transacting at the right price.

You can buy or sell more units through your share broking service.

Don't have a share broker?

If you have ETF units held with the share registry (Link Market Services), you'll need to open an account with a share broker, like CommSec or Nabtrade, and then ask the share broker to initiate an 'Issuer Sponsored Transfer'.

This will transfer the ETF units from the share registry to your share trading account.

You can then sell on the ASX directly.

A share registry maintains investor information including distribution reinvestment preferences, bank details, tax information and communication details for all investors. 

Who is the Share Registry?

Link Market Services.

As emailed on 23/03/2022 (see email), all units for IIGF, INES and INIF are now held through Link Market Services. Therefore, we no longer use Registry Direct as of 23/03/2022. 

How to access the share registry

If you already have a login with Link, you can log in here.

How to register your holdings on Link Market Services

If you don't have a login with Link, go here to register.

When registering your holding on Link Market Services:

  1. Enter ISFM - InvestSMART Funds Management as the issuer.  
  2. Enter your HIN (starts with an X) or SRN (starts with the letter I)
  3. Enter your postcode

Screenshot of example

Need Help?

See Link's FAQ or contact them directly.

We’re here to help, visit our Help Centre
RIAA’s RI Certification Symbol signifies that a product or service offers an investment style that takes into account environmental, social, governance or ethical considerations. The Symbol also signifies that Intelligent Investor Ethical Share Fund (ASX: INES) adheres to the strict operational and disclosure practices required under the Responsible Investment Certification Program for the category of Product. The Certification Symbol is a Registered Trademark of the Responsible Investment Association Australasia (RIAA). Detailed information about RIAA, the Symbol and Intelligent Investor Ethical Share Fund (ASX: INES) methodology, performance and stock holdings can be found at www.responsiblereturns.com.au, together with details about other responsible investment products certified by RIAA.
The Responsible Investment Certification Program does not constitute financial product advice. Neither the Certification Symbol nor RIAA recommends to any person that any financial product is a suitable investment or that returns are guaranteed. Appropriate professional advice should be sought prior to making an investment decision. RIAA does not hold an Australian Financial Services Licence.