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  5. WaveStone Dynamic Australian Equity - Managed fund profile

WaveStone Dynamic Australian Equity - Managed Fund

Fund Objective
The Fund aims to provide capital growth over the long-term (at least five years) and tax-effective income through investing primarily in a concentrated portfolio of Australian and New Zealand securities. The Fund may also invest up to 10% in international securities. The Fund is not constrained to be managed to the Performance Benchmark or any particular stock index weighting.
Fund Strategy
WaveStone is an active investment manager that places primary emphasis on bottom-up stock picking through comprehensive research, instead of targeting a market index exposure. WaveStone's investment approach focuses on companies which WaveStone believe exhibit Sustainable Competitive Advantage (SCA). A company's SCA is determined after analysing its corporate make up or 'DNA' and the broader industry dynamics within which it operates.

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 2.09% 4.99% 12.23% 13.61% 6.97% 10.78% 8.86% 8.04%
Growth return 2.09% 4.99% 12.23% -0.92% -10.68% -1.9% -0.38% 0.32%
Income return 0% 0% 0% 14.53% 17.65% 12.68% 9.24% 7.72%
Market index (S&P/ASX 200 TR AUD)
Total return 3.27% 5.33% 14.17% 14.45% 7.03% 9.62% 9.15% 8.27%
As at 31 Mar 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

WaveStone Dynamic Australian Equity
Australian Equities
98.54%
Cash
1.46%
International Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
91.94%
Cash
0.37%
International Equities
4.02%
Property
3.27%
Fixed Interest
0.35%
Alternatives
0.06%

General Information

Fund Details
Type Description
WaveStone Dynamic Australian Equity
Fidante Partners Limited
HOW0053AU
Equity Australia Long Short
starstarstarstarstar (as at 31 Mar 2024)
Investment Fund
15 Jun 2009
$166.04 million (as at 31 Mar 2024)
$1.6 (as at 19 Apr 2024)
$1.5952 (as at 19 Apr 2024)
Open
Offer information
Type Description
Indirect Cost Ratio (ICR) 1.04% (as at 30 Jun 2022)
Performance fee (not included in ICR) 0.05
Minimum initial investment $10,000.00
Minimum additional investments $1,000.00
Minimum redemption amount $1,000.00

Top 10 holdings (as at 31 Jan 2024)

Holding (as at 31 Jan 2024) Type % of Portfolio
BHP Group Ltd Equity 9.99%
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FAQs about the WaveStone Dynamic Australian Equity

The objective of the WaveStone Dynamic Australian Equity managed fund is The Fund aims to provide capital growth over the long-term (at least five years) and tax-effective income through investing primarily in a concentrated portfolio of Australian and New Zealand securities. The Fund may also invest up to 10% in international securities. The Fund is not constrained to be managed to the Performance Benchmark or any particular stock index weighting.

The strategy of the WaveStone Dynamic Australian Equity managed fund is WaveStone is an active investment manager that places primary emphasis on bottom-up stock picking through comprehensive research, instead of targeting a market index exposure. WaveStone's investment approach focuses on companies which WaveStone believe exhibit Sustainable Competitive Advantage (SCA). A company's SCA is determined after analysing its corporate make up or 'DNA' and the broader industry dynamics within which it operates.

The APIR code of the WaveStone Dynamic Australian Equity managed fund is HOW0053AU.

WaveStone Dynamic Australian Equity’s total return last month was 2.09%. This was made up of a growth return of 2.09% and an income return of 0%. These returns were calculated as at 31 Mar 2024.

WaveStone Dynamic Australian Equity’s total return for the last three months was 4.99%. This was made up of a growth return of 4.99% and an income return of 0%%. These returns were calculated as at 31 Mar 2024.

WaveStone Dynamic Australian Equity’s one-year total return is 13.61%. This was made up of a growth return of -0.92% and an income return of 14.53%. These returns were calculated as at 31 Mar 2024.

WaveStone Dynamic Australian Equity’s one-year total return is 10.78%. This was made up of a growth return of -1.9% and an income return of 12.68%. These returns were calculated as at 31 Mar 2024.

The asset allocation of the WaveStone Dynamic Australian Equity managed fund is :

Australian Equities
98.54%
Cash
1.46%
International Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the WaveStone Dynamic Australian Equity managed fund is Fidante Partners Limited.

The WaveStone Dynamic Australian Equity managed fund belongs to the Equity Australia Long Short sector/asset class.

As at 31 Mar 2024, the size of the WaveStone Dynamic Australian Equity managed fund was $166.04 million.

The WaveStone Dynamic Australian Equity managed fund has an inception date of 15 Jun 2009.

The current entry price of the WaveStone Dynamic Australian Equity managed fund is $1.6 per unit and the current exit price is $1.5952 per unit (as at 19 Apr 2024).

The current exit price of the WaveStone Dynamic Australian Equity managed fund is $1.5952 per unit and the current entry price is $1.6 per unit (as at 19 Apr 2024).

The minimum initial investment amount for the WaveStone Dynamic Australian Equity managed fund is $10,000. 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.