InvestSMART

Ironbark Royal London Concentrated Global Shares - Managed Fund

Fund Objective
The Fund seeks to outperform the MSCI World NR (AUD) by 2-3% after fees, over rolling five year periods through investment in a focused selection of equities on a global basis.
Fund Strategy
The Fund adopts a high conviction, long-only stock picking approach that invests in listed shares of 20-45 companies around the globe, which aims to: create shareholder wealth as a result of their intentional management strategy and/or business models, identity stocks that are priced at a significant discount to conservative estimates of cash-based, long-term intrinsic value, and demonstrate a reasonable investment 'margin of safety' in the analysis of the above two attributes.

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 -3.88% 6.91% 18.46% 31.01% 23.48% 19.77% 18.34% 14.82%
Growth return -3.88% 6.91% 18.46% 27.39% 19.2% 15.27% 13.15% 9.72%
Income return 0% 0% 0% 3.62% 4.28% 4.5% 5.19% 5.1%
Market index (MSCI World Ex Australia NR AUD)
Total return -3.26% 5.56% 17.34% 20.71% 15.81% 12% 12.33% 12.94%
As at 30 Apr 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Ironbark Royal London Concentrated Global Shares
International Equities
98.82%
Cash
1.18%
Australian Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
International Equities
91.68%
Cash
3.28%
Australian Equities
2.82%
Property
1.80%
Fixed Interest
0.34%
Alternatives
0.07%

General Information

Fund Details
Type Description
Ironbark Royal London Concentrated Global Shares
Ironbark Asset Mgmt (Fund Services) Ltd
MGL0004AU
Equity World Large Blend
starstarstarstarstar (as at 30 Apr 2024)
Investment Fund
4 Oct 1996
$2304.36 million (as at 24 May 2024)
$4.1995 (as at 24 May 2024)
$4.1869 (as at 24 May 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 $1,000.00

Top 10 holdings (as at 31 Mar 2024)

Holding (as at 31 Mar 2024) Type % of Portfolio
Microsoft Corp Equity 7.31%
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FAQs about the Ironbark Royal London Concentrated Global Shares

The objective of the Ironbark Royal London Concentrated Global Shares managed fund is The Fund seeks to outperform the MSCI World NR (AUD) by 2-3% after fees, over rolling five year periods through investment in a focused selection of equities on a global basis.

The strategy of the Ironbark Royal London Concentrated Global Shares managed fund is The Fund adopts a high conviction, long-only stock picking approach that invests in listed shares of 20-45 companies around the globe, which aims to: create shareholder wealth as a result of their intentional management strategy and/or business models, identity stocks that are priced at a significant discount to conservative estimates of cash-based, long-term intrinsic value, and demonstrate a reasonable investment 'margin of safety' in the analysis of the above two attributes.

The APIR code of the Ironbark Royal London Concentrated Global Shares managed fund is MGL0004AU.

Ironbark Royal London Concentrated Global Shares’s total return last month was -3.88%. This was made up of a growth return of -3.88% and an income return of 0%. These returns were calculated as at 30 Apr 2024.

Ironbark Royal London Concentrated Global Shares’s total return for the last three months was 6.91%. This was made up of a growth return of 6.91% and an income return of 0%%. These returns were calculated as at 30 Apr 2024.

Ironbark Royal London Concentrated Global Shares’s one-year total return is 31.01%. This was made up of a growth return of 27.39% and an income return of 3.62%. These returns were calculated as at 30 Apr 2024.

Ironbark Royal London Concentrated Global Shares’s one-year total return is 19.77%. This was made up of a growth return of 15.27% and an income return of 4.5%. These returns were calculated as at 30 Apr 2024.

The asset allocation of the Ironbark Royal London Concentrated Global Shares managed fund is :

International Equities
98.82%
Cash
1.18%
Australian Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Ironbark Royal London Concentrated Global Shares managed fund is Ironbark Asset Mgmt (Fund Services) Ltd.

The Ironbark Royal London Concentrated Global Shares managed fund belongs to the Equity World Large Blend sector/asset class.

As at 24 May 2024, the size of the Ironbark Royal London Concentrated Global Shares managed fund was $2304.36 million.

The Ironbark Royal London Concentrated Global Shares managed fund has an inception date of 4 Oct 1996.

The current entry price of the Ironbark Royal London Concentrated Global Shares managed fund is $4.1995 per unit and the current exit price is $4.1869 per unit (as at 24 May 2024).

The current exit price of the Ironbark Royal London Concentrated Global Shares managed fund is $4.1869 per unit and the current entry price is $4.1995 per unit (as at 24 May 2024).

The minimum initial investment amount for the Ironbark Royal London Concentrated Global Shares 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.