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Australian Unity Platypus Australian Equities Trust

Australian Unity Platypus Australian Equities Trust
Rebate 4.00% as additional units
Closing Date CLOSED (Retail Units)
Minimum Investment $1,000

pdf download Product Disclosure Statement
pdf download Fund Update
pdf download Performance Summary
pdf download Annual Report
   
About the Fund
The Fund aims to deliver strong returns over the medium to long-term, regardless of the performance of the broader Australian sharemarket.

The Fund adopts a ‘high conviction’ approach meaning it invests in fewer stocks, with a larger proportion of assets invested into each stock.


Who is the investment manager?

Platypus Asset Management Pty Ltd (Platypus) manages the Fund’s investment portfolio.


What does the Fund invest in?

The Fund primarily invests in companies and trusts listed or soon to be listed on the Australian Stock Exchange (ASX). Platypus selects companies and trusts that offer the opportunity for above-average investment returns through their growth potential.

The Fund typically holds between 25 and 35 stocks and can invest up to 100% of its assets in Australian shares. The Fund generally holds up to 10% in cash and similar investments. However, to help achieve positive returns in an adverse environment, the Fund could move to hold up to 100% of its assets in cash and similar investment.

What is the Fund’s investment process?

Identify opportunities and investment themes
The starting point of Platypus’ investment process is to complete a screening investable stocks to identify those that indicate strong earnings potential. The health or otherwise of the economy, individual industries and sectors is also assessed, and any identified themes are then applied to the following detailed quantitative analysis.

Analyse earnings potential

This produces a list of about 100 – 150 stocks. Platypus conducts detailed quantitative analysis on the industry outlook, the company’s position within its industry, historic profit growth, earnings forecasts and balance sheet strength.


Australian Unity Platypus Australian Equities Trust - Retail Units
APIR Code AUS0029AU
Inception date April 2006
Minimum Initial Investment $1,000
Minimum Additional Investment $500
Minimum Regular Saving Plan $100 per month
Entry/Contribution Fee 4.10%
Minimum Withdrawal Amount $1,000
Exit/Withdrawal Fee Nil
Management Costs 1.50%pa + a performance fee
Buy/Sell Spread Buy: 0.20% Sell: 0.05%
Income Distributions Half-yearly

Critical to this process is the use of independent sources such as brokers and specialist economics forecasting groups, combined with in-house research and expertise.

Platypus assesses each stock’s capability of delivering strong returns typically around 20% pa over the following three year period before the stock is included or removed from the portfolio.


Assess durability and risk

In assessing the durability of a company’s earnings, the company’s growth profile, and the likelihood of any earning surprises, Platypus uses quantitative and qualitative screening techniques and uses a variety of information sources and may conduct company visits where appropriate.

Platypus assesses the ability of the company’s management to deliver its forecast earnings, the source of funding for the expected growth in the share price, and any potential catalysts or external factors that may contribute to over or under performance. The output of this process typically leaves around 40-50 investable stocks.


Portfolio construction

From here Platypus selects shares to be included or removed from the portfolio. The relative weightings of each stock within the portfolio is set with due consideration given to (but not limited to) the share’s market capitalisation, liquidity, expected return profile and risk controls.

Consistency with Platypus’ investment process and with its views on industry or sector trends, is also a key factor when selecting shares.


Derivatives

Platypus may use derivatives in the management of the fund, but will generally not use derivatives for gearing purposes or speculative activities.


More information
The Fund’s performance and unit prices are available to view at: http://www.australianunityinvestments.com.au/paet

Important information

This investment product is issued by Australian Unity Funds Management Limited ABN 60 071 497 115, AFS Licence No 234454. This information is intended only to provide a broad summary of this financial product. Investment decisions should not be made upon the basis of its past performance or distribution rate, since future returns will vary. You should refer to the current Product Disclosure Statement if you wish to know more about this product. The information provided here was current at the time of publication only.

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