Hue Frame founded Frame Funds in 2016 with the mission of delivering repeatable returns for our clients to build multi-generational wealth.
Open To Retail Investors
Frame Long Short Australian Equities Fund - Retail Class
The investment objective of the Fund is to deliver income and capital growth over the long-term by investing in Australian listed equities, exchange traded derivatives and cash assets.
Min. Investment
$10,000
Objective
Growth and Income
Structure
Managed Fund
Asset Class
Shares/Equity
Liquidity
Unlisted liquid
Closing Date
Open Ended
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Min. Investment
$10,000
Objective
Growth and Income
Structure
Managed Fund
Asset Class
Shares/Equity
Liquidity
Unlisted liquid
Closing Date
Open Ended
Industry
Other
Funding Stage
Unlisted Mature Fund
Security Type
Unit in a trust
Target Capital
Open Ended
Availability
Open for investment
Management Fees
1.60% p.a. (plus GST of NAV)
Performance Fees
25% above hurdle benchmark
Benchmark
RBA Cash Rate + 3%
Investment Time Frame
5 years +
Number of Investments
60 stocks (0 - 80)
Distributions
6 monthly
The Frame Long Short Australian Equity Fund - Retail Class uses Primary Investment Board to enable retail investors to invest into wholesale funds that are normally not available to them because they have smaller investment amounts or the investors are not classified as “wholesale clients”.
Primary Investment Board is a trust divided into Classes. Each Class is dedicated to a separate Fund. There will be a separate PDS for each Class and Fund.
This PDS is for investment into Class V units for investment into the Frame Long Short Australian Equity Fund which is managed by Frame Funds Management Pty Ltd ACN 608 862 442 (Frame). That is, the only investment to be made for holders of Class V Units by Primary Investment Board will be in the Frame Long Short Australian Equity Fund.
The issuer and the responsible entity for this fund is Primary Securities Ltd ABN 96 089 812 635 holder of Australian Financial Services Licence No 224107 (Primary).
Primary charges a monthly fee of 1/12th of 0.385% incl GST of the gross value of your investment, plus out-of-pocket expenses (up to a cap of 0.165% incl. GST per annum).
The Frame Long Short Australian Equity Fund was established in 2020. The team includes Hue Frame and Harry Heaney as Co-Portfolio Managers of the Fund.
The Fund invests in Australian listed equities, long or short, that are generally chosen from the S&P/ASX 200 Index. The Fund may also invest in exchange-traded derivatives to manage risk and cash or cash equivalents.
Typically the fund holds between 20 – 80 investments.
Investment Objective
The investment objective of the Fund is to deliver income and capital growth over the long-term by investing in Australian listed equities, exchange traded Derivatives and cash assets. The Fund is suitable for investors with an investment horizon of at least five years.
Investment Universe
- Australian listed equities
- Exchange-traded derivatives to manage risk
- Cash or cash equivalents
Risk Parameters
- 200% gross exposure
The Fund will invest in Australian listed equities with the aim of delivering income and material capital growth over the long-term.
The Fund’s investment parameters allow the Fund to take advantage of material trends and valuation anomalies within the market by investing directly into Australian listed equities and through the use of Short sales and listed Derivatives.
The Fund’s investment strategy is to invest in Australian listed equities with a long-term outlook, while identifying positions that may have excellent risk/reward characteristics.
The Fund will also use Short sales and listed Derivatives with the objective of generating absolute returns and to hedge the exposure of the portfolio. The Fund will generally invest into a diverse portfolio of stocks, typically between 20-80 securities.
The Investment Manager focuses energy and resources into the development and maintenance of the current trading strategies, to ensure that the present strategies are relevant and effective in the prevailing market conditions. The current or existing strategies within the Fund are constantly adjusted and replaced when necessary if there is a slump in performance.
The purpose of this is to ensure that the trading strategies of the Fund are evolving as the markets evolve.
Our investing approach ensures that we are aligned with our investors. We achieve this by being co-investors in all our products, focus on return generation rather than adhering to a benchmark and remunerate our fund managers based on the returns they generate for our investors.
Hue Frame holds a B.Com, from the University of Canterbury, Majoring in Management and is qualified to provide advice on derivatives, deposit products, managed investment schemes, and Australian equities.
Hue has over 10 years of finance and investment management experience working for Westpac Banking Corporation as a risk analyst between 2006 and 2008 and at Atlantic Pacific Securities as Portfolio Manager between 2010 and 2015.
He has been a Portfolio Manager for over 10 years, and specialises in global economic positioning, risk management, and momentum-based trading opportunities.
Harry Heaney is a Portfolio Manager and Research Analyst at Frame Funds Management. Harry joined Frame Funds in May 2020.
He holds a Bachelors of Actuarial Studies and a Bachelors of Applied Finance at Macquarie University.
Harry is currently undertaking the Associate program with the Actuaries Institute of Australia.
10 September 2021
Download PDF5 October 2021
Download PDFLong Short Australian Equity Fund Monthly Update - 31 July 2021
Fund Update
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