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  5. Intermede Global Equities Fund - Managed fund profile

Intermede Global Equities Fund - Managed Fund

Fund Objective
The Fund invests in an actively managed portfolio of companies listed (or expected to be listed) on share markets around the world. The Fund is not hedged to the Australian dollar. The Fund aims to deliver a return that exceeds the Benchmark (before fees) over 7-year periods.
Fund Strategy
Intermede is a London-based, specialist global equities manager. It aims to outperform global equity markets by identifying well-managed companies with strong market positions in attractive industries and purchasing them at discounts to intrinsic value. In particular Intermede looks for companies with a demonstrated sustainable competitive advantage.

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% 10.23% 16.81% 22.97% 11.31% 8.81% 13.27% -%
Growth return 2% 10.23% 16.81% 18.16% 6.57% 3.25% 8.35% -%
Income return 0% 0% 0% 4.81% 4.74% 5.56% 4.92% -%
Market index (MSCI World Ex Australia NR AUD)
Total return 3.02% 14.06% 20.11% 28.72% 15.87% 14.43% -% 13.43%
As at 31 Mar 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Intermede Global Equities Fund
International Equities
98.98%
Cash
1.02%
Australian Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
International Equities
92.04%
Cash
3.01%
Australian Equities
3.12%
Property
1.80%
Fixed Interest
-0.04%
Alternatives
0.06%

General Information

Fund Details
Type Description
Intermede Global Equities Fund
MLC Investments Limited
PPL0036AU
Equity World Large Growth
starstarstarstar (as at 31 Mar 2024)
Investment Fund
20 Apr 2015
$361.93 million (as at 31 Mar 2024)
$2.02251 (as at 18 Apr 2024)
$2.01847 (as at 18 Apr 2024)
Open
Offer information
Type Description
Indirect Cost Ratio (ICR) 0.99% (as at 30 Jun 2023)
Performance fee (not included in ICR) Not Available
Minimum initial investment $20,000
Minimum additional investments $1,000.00
Minimum redemption amount

Top 10 holdings (as at 29 Feb 2024)

Holding (as at 29 Feb 2024) Type % of Portfolio
Microsoft Corp Equity 4.65%
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FAQs about the Intermede Global Equities Fund

The objective of the Intermede Global Equities Fund managed fund is The Fund invests in an actively managed portfolio of companies listed (or expected to be listed) on share markets around the world. The Fund is not hedged to the Australian dollar. The Fund aims to deliver a return that exceeds the Benchmark (before fees) over 7-year periods.

The strategy of the Intermede Global Equities Fund managed fund is Intermede is a London-based, specialist global equities manager. It aims to outperform global equity markets by identifying well-managed companies with strong market positions in attractive industries and purchasing them at discounts to intrinsic value. In particular Intermede looks for companies with a demonstrated sustainable competitive advantage.

The APIR code of the Intermede Global Equities Fund managed fund is PPL0036AU.

Intermede Global Equities Fund’s total return last month was 2%. This was made up of a growth return of 2% and an income return of 0%. These returns were calculated as at 31 Mar 2024.

Intermede Global Equities Fund’s total return for the last three months was 10.23%. This was made up of a growth return of 10.23% and an income return of 0%%. These returns were calculated as at 31 Mar 2024.

Intermede Global Equities Fund’s one-year total return is 22.97%. This was made up of a growth return of 18.16% and an income return of 4.81%. These returns were calculated as at 31 Mar 2024.

Intermede Global Equities Fund’s one-year total return is 8.81%. This was made up of a growth return of 3.25% and an income return of 5.56%. These returns were calculated as at 31 Mar 2024.

The asset allocation of the Intermede Global Equities Fund managed fund is :

International Equities
98.98%
Cash
1.02%
Australian Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Intermede Global Equities Fund managed fund is MLC Investments Limited.

The Intermede Global Equities Fund managed fund belongs to the Equity World Large Growth sector/asset class.

As at 31 Mar 2024, the size of the Intermede Global Equities Fund managed fund was $361.93 million.

The Intermede Global Equities Fund managed fund has an inception date of 20 Apr 2015.

The current entry price of the Intermede Global Equities Fund managed fund is $2.02251 per unit and the current exit price is $2.01847 per unit (as at 18 Apr 2024).

The current exit price of the Intermede Global Equities Fund managed fund is $2.01847 per unit and the current entry price is $2.02251 per unit (as at 18 Apr 2024).

The minimum initial investment amount for the Intermede Global Equities Fund managed fund is $20,000. Minimum additional investment is $1000.

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.