AIF aims to deliver above average results but in a very different way to a traditional investment fund. We seek to invest with 20-35 underlying managers across all asset classes, in a way in which we believe balances maximum returns with low volatility.
| 1 month | 3 month | 1 year | 3 year | 5 year | Since Inception | Inception Date |
|---|---|---|---|---|---|---|
| 0.98% | -2.32% | 10.2% | 8.74% | 6.81% | 7.94% | 28 Nov 2014 |
| Management Fee | Performance Fee | Morningstar Total Cost Ratio |
|---|---|---|
| - | 2.22% | 3.58% |
AIF aims to deliver above average results but in a very different way to a traditional investment fund. All asset classes, predominantly through unlisted managed funds. We invest with them in a way which we believe balances maximum returns with low volatility.
Portfolio Use
The Fund is designed to be used as a Core or Satellite Component of an investment portfolio for those investors seeking Capital Growth and Income Distributions with a Medium or longer investment timeframe, at least a Medium risk/return profile and needing access to capital Monthly or less often.
Access to Differentiated Strategies
The Fund provides access to a wide range of different investment strategies, through boutique investment managers.
Access to Closed and Wholesale Funds
A significant number of funds in the portfolio are only available to wholesale investors, or closed to new investors.
The Fund aims to provide you with:
The All Groups Consumer Price Index (“CPI”) published by the Australian Bureau of Statistics on a quarterly basis is used as the measure of inflation.
In setting the Fund’s investment objectives, we seek to provide you with an attractive combination of:
The investment objective is a target only and returns from the Fund are not guaranteed.
Click here to view our latest Performance.
AFM seeks to achieve the Fund’s investment objective by choosing attractively priced investments overseen by quality managers. We use a number of processes to identify potential investments, including screening for historical performance, volatility and other criteria. We use many information sources to assist in this process.
If an investment is assessed as not being able to deliver the return targets of the Fund, it is not considered for inclusion, regardless of other qualities.
An investment assessed as having potential for inclusion in the portfolio must pass through a number of hurdles. These include an analysis of historical performance, due diligence, a review of key service providers and a qualitative assessment of the manager and their investment style.
In assessing suitable investments, AFM will place particular emphasis on the factors displayed below.
If the outcome of these processes is positive, the investment is considered acceptable for inclusion within the investment portfolio. Managers and investments chosen for the portfolio need not meet all the below criteria, and some criteria carry lighter weightings than others. When making an assessment, AFM gives greater weight to qualitative factors than quantitative factors.
This invariably means there is a degree of subjective judgment involved.
This information has been prepared by Affluence Funds Management Limited ABN 68 604 406 297 AFS licence no. 475940 (Affluence) as general information only in relation to the Affluence Investment Fund (Fund). It does not purport to be complete, and it does not take into account your investment objectives, financial situation or needs. Prospective investors should consider those matters and read the Product Disclosure Statement (PDS) and the Target Market Determination (TMD) for the Fund before making an investment decision. The PDS contains important notices and disclaimers, important information about the offer, as well as investment risks. There is no guarantee of any distribution, forecast, investment return or repayment of capital. This information and the information in the PDS is not a recommendation by Affluence or any of its officers, employees, agents or advisers. Potential investors are encouraged to obtain independent expert advice before any investment decision.
Performance data for the Fund is expressed net of fees and costs (excluding the buy-sell spread). Performance calculations assume the reinvestment of distributions. Returns for periods of more than 1 year are annualised. Past performance is not indicative of future performance. The inception date of the Fund is 28 November 2014.
The Fund aims to pay distributions of approximately 5% pa paid monthly. Distributions are not guaranteed and may be paid above or below this amount.
Affluence was formed to provide better investment solutions. We believe in doing things differently.
Our focus is on delivering superior long term investment performance and providing quality education and investment ideas for our Investors.
We are contrarian, value focused, and invest for the long term. We believe exposure to quality investments across multiple asset classes, managers, geographies and strategies should be a fundamental building block of any well diversified portfolio.
We pride ourselves on the quality of our products and alignment with our investors. We were the first investors in each of our Funds and a significant proportion of our own and extended families wealth is invested in our Funds.
We believe managing less money than average provides us with significant advantages. So while we don’t aim to be one of the biggest managers, we do aim to be one of the best.
Daryl and Greg are the key persons managing the Fund. Both Daryl and Greg spend the majority of their time managing the investment portfolios of the Fund and other AFM managed funds.
Daryl has overall responsibility for investment and funds management activities at AFM. Daryl was responsible for setting up the Fund in late 2014 and is co-manager of the Fund investment portfolio.
Daryl has experience across all aspects of funds management including investment, operations and capital raising.
Prior to forming AFM, Daryl was a Director of Cromwell Property Group, an ASX-listed property and fund manager, for over 15 years.
From 2008 until 2015, Daryl was responsible for Cromwell’s unlisted funds management business, which created and managed investment funds worth over $1 billion and delivered impressive returns for the thousands of investors in these funds.
Daryl holds a Bachelor of Commerce, a Diploma of Financial Planning and is a member of the Institute of Chartered Accountants.
Greg joined AFM in 2015. Greg is co-manager of the Fund investment portfolio. He is primarily responsible for analysing new investment opportunities, asset allocation, fund analysis, performance reporting, and investment management.
Prior to joining AFM, Greg was employed by Cromwell Property Group for over 9 years. During this time, he held a range of positions including fund analyst, transactions analyst and investment strategist.
Greg holds a Bachelor of Applied Science (Property Economics).
Click here to view our latest Fund Report.
Click here to view our latest fund presentation.
Click here to view past fund reports.
Click here to view our latest News & Articles.
The minimum initial investment amount is $20,000. You can add additional amounts later from as little as $1,000. Applications are processed monthly. Application funds awaiting processing are held in a trust account.
You can lodge a withdrawal request form at any time. Withdrawals are generally processed monthly and paid out 10 days after the end of the month, although we reserve the right to process these less frequently in exceptional circumstances.
The Fund aims to provide you with a minimum distribution yield of 5% per annum, paid monthly. Generally, distributions will consist of a share of the income and franking credits the Fund receives during the year from its investments, plus any taxable capital gains from sales of investments, less costs (including our performance fees). Distribution rates are smoothed to ensure consistency but are based on our assessment of the expected earnings of the Fund’s investment portfolio over rolling 3-year periods.
Distributions are generally paid 10 days after the end of each month. Distributions are paid to your nominated bank account or can be reinvested if you wish.
Partly. The Fund distributes all franking credits received from investments to investors at the end of the tax year. Franking credits are usually distributed in proportion to distributions paid during the year. So, if you were only an investor for part of the year, you will receive a lower proportion of franking credits than if you were invested for the full year. See here for the full distribution and franking history of the Fund.
You will receive a monthly report outlining the Fund portfolio and performance, monthly distribution advices, annual investment statements, and an annual tax statement with details of the amounts to be included in your tax return.
Affluence does not charge any fixed fee for managing the Fund. Instead, we charge a performance fee of 12.5% of the Fund’s positive returns (after recovering any previous negative performance). Affluence also recovers certain costs from the Fund, which are generally capped at 0.25% per annum of the net assets of the Fund. The Underlying Managers the Fund invests with also charge fees for their services. Other costs are also payable. Fees and costs are not paid by you directly but are paid out of the assets of the Fund. All Fund performance numbers are after allowance for these fees and costs.
You may also pay fees to a financial advisor or investment platform operator if you invest through them. These fees are not paid to Affluence or the Fund. Please refer to the PDS for more information about fees and costs.
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The issuer of this product is identified at the top of this page. The PDS and target market determination for the product are available in the Documents section of this listing. Prospective investors should consider the PDS before deciding to acquire the product. This product listing was vetted by and approved by the product issuer identified above before publishing. Investment Markets (Aust) Pty Ltd AFSL 527875 (IM) is not the issuer of the product.
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