InvestSMART

DNR Capital Australian Equities High Conviction Wholesale - Managed Fund

Fund Objective
The Fund's investment objective is to invest in a high conviction portfolio of Australian equities that aims to outperform the Benchmark by 4% p.a. (before fees) over a rolling three-year period. The investment objective is not a forecast of the Fund's performance.
Fund Strategy
DNR Capital seeks to identify good quality businesses that are mispriced by overlaying DNR Capital's quality filter, referred to as the 'quality web', with a strong valuation discipline. DNR Capital's security selection process has a strong bottomup discipline and focuses on buying quality businesses at reasonable prices. The portfolio construction process is influenced by a top-down economic appraisal and also considers the risk characteristics of the portfolio such as security and sector correlations.

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return -2.22% 1.78% 7.45% -1.5% 7.64% 9.51% -% -%
Growth return -2.22% 1.78% 6.59% -3.5% 5.14% 6.5% -% -%
Income return 0% 0% 0.86% 2% 2.5% 3.01% -% -%
Market index (S&P/ASX 200 TR AUD)
Total return -0.78% 4.71% 14.66% 10.56% 16.03% 15.17% 12.98% 10.11%
As at 30 Sep 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

DNR Capital Australian Equities High Conviction Wholesale
Australian Equities
86.33%
Cash
4.07%
Property & Infrastructure
9.59%
International Equities
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
93.35%
Cash
-0.70%
Property & Infrastructure
1.41%
International Equities
5.10%
Fixed Interest
0.26%
Alternatives
0.58%

General Information

Fund Details
Type Description
DNR Capital Australian Equities High Conviction Wholesale
The Trust Company (RE Services) Limited
PIM1202AU
Equity Australia Large Blend
star (as at 31 Aug 2025)
Investment Fund
13 Nov 2020
$94.64 million (as at 2 Oct 2025)
$1.2452 (as at 2 Oct 2025)
$1.2402 (as at 2 Oct 2025)
Open
Offer information
Type Description
MER 0.75% (as at 13 Nov 2024)
Indirect Cost Ratio (ICR) 0.75% (as at 30 Jun 2024)
Performance fee (not included in ICR) 0
Minimum initial investment $250,000
Minimum additional investments $5,000.00

Top 10 holdings (as at 31 Aug 2025)

Holding (as at 31 Aug 2025) Type % of Portfolio
BHP Group Ltd Equity 10.42%
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FAQs about the DNR Capital Australian Equities High Conviction Wholesale

The objective of the DNR Capital Australian Equities High Conviction Wholesale managed fund is The Fund's investment objective is to invest in a high conviction portfolio of Australian equities that aims to outperform the Benchmark by 4% p.a. (before fees) over a rolling three-year period. The investment objective is not a forecast of the Fund's performance.

The strategy of the DNR Capital Australian Equities High Conviction Wholesale managed fund is DNR Capital seeks to identify good quality businesses that are mispriced by overlaying DNR Capital's quality filter, referred to as the 'quality web', with a strong valuation discipline. DNR Capital's security selection process has a strong bottomup discipline and focuses on buying quality businesses at reasonable prices. The portfolio construction process is influenced by a top-down economic appraisal and also considers the risk characteristics of the portfolio such as security and sector correlations.

The APIR code of the DNR Capital Australian Equities High Conviction Wholesale managed fund is PIM1202AU.

DNR Capital Australian Equities High Conviction Wholesale’s total return last month was -2.22%. This was made up of a growth return of -2.22% and an income return of 0%. These returns were calculated as at 30 Sep 2025.

DNR Capital Australian Equities High Conviction Wholesale’s total return for the last three months was 1.78%. This was made up of a growth return of 1.78% and an income return of 0%%. These returns were calculated as at 30 Sep 2025.

DNR Capital Australian Equities High Conviction Wholesale’s one-year total return is -1.5%. This was made up of a growth return of -3.5% and an income return of 2%. These returns were calculated as at 30 Sep 2025.

DNR Capital Australian Equities High Conviction Wholesale’s one-year total return is 9.51%. This was made up of a growth return of 6.5% and an income return of 3.01%. These returns were calculated as at 30 Sep 2025.

The asset allocation of the DNR Capital Australian Equities High Conviction Wholesale managed fund is :

Australian Equities
86.33%
Cash
4.07%
Property & Infrastructure
9.59%
International Equities
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the DNR Capital Australian Equities High Conviction Wholesale managed fund is The Trust Company (RE Services) Limited.

The DNR Capital Australian Equities High Conviction Wholesale managed fund belongs to the Equity Australia Large Blend sector/asset class.

As at 2 Oct 2025, the size of the DNR Capital Australian Equities High Conviction Wholesale managed fund was $94.64 million.

The DNR Capital Australian Equities High Conviction Wholesale managed fund has an inception date of 13 Nov 2020.

The current entry price of the DNR Capital Australian Equities High Conviction Wholesale managed fund is $1.2452 per unit and the current exit price is $1.2402 per unit (as at 2 Oct 2025).

The current exit price of the DNR Capital Australian Equities High Conviction Wholesale managed fund is $1.2402 per unit and the current entry price is $1.2452 per unit (as at 2 Oct 2025).

The minimum initial investment amount for the DNR Capital Australian Equities High Conviction Wholesale managed fund is $250,000. Minimum additional investment is $5000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.