Alvia High Conviction Fund
The Alvia High Conviction Fund (Fund) provides investors with the opportunity to gain exposure to a portfolio of investments based on the Alvia investment team’s highest conviction ideas across all asset classes, sectors and geographies.
Alvia Asset Partners applies a private investor mindset when analysing investment opportunities. Another unique attribute of this offering is that it is completely agnostic with regard to asset class, geography, sectors, benchmarks and the like.
Alvia’s long-term, capital preservation first approach extends to this product and hence Alvia’s focus remains solely on achieving sustainable, long-term absolute returns, rather than returns relative to a benchmark.
Investors cannot live off relative returns and hence the ultimate goal at Alvia Asset Partners is to achieve long-term absolute returns at a reasonable level of risk, across an investment portfolio encompassing a number, if not all, of the major asset classes.
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Fund Facts
| Inception Date | 6 August 2020 |
| APIR Code | DDH2895AU |
| Structure | The Fund is an open-ended, single class, unregistered managed investment scheme structured as a unitised trust, for wholesale/sophisticated/professional investors only. |
| Trustee | DDH Graham Limited |
| Investment Manager | Alvia Asset Partners Pty Ltd |
| Fund Administrator | DDH Graham Limited |
| Investment Objective | To deliver sustainable, long-term risk-adjusted returns with a focus on absolute returns and capital preservation. |
| Investment Strategy | The Fund provides investors with access to a concentrated portfolio of the Manager’s highest conviction ideas, utilising quantitative screening, detailed analysis, scoring, target weighting and portfolio rebalancing. |
| Risk/Return Profile | High |
| Minimum Suggested Time Frame | 5+ years |
| Benchmark Asset Allocation | The strategy is unconstrained, meaning there is no geographic, sector or asset class bias. |
| Investment Requirements |
| Minimum Initial Investment | $50,000 |
| Minimum Additional Investment | $5,000 |
| Minimum Monthly Regular Savings Plan | $5,000 |
| Minimum Balance | $50,000 |
| Minimum Withdrawal | $10,000 |
| Unit Prices | |
| Frequency | Monthly |
| Distributions | |
| Income distribution frequency | Annual |
| Payment options | Direct credit or reinvestment |
| Fees and Costs |
| Establishment fee | Nil |
| Contribution fee | Nil |
| Withdrawal fee | Nil |
| Termination fee | Nil |
| Estimated management costs | 0.90% (exclusive of GST) p.a. of the Fund’s gross asset value
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| Performance fee | 15% (exclusive of GST) for performance above the Benchmark and subject to the high water mark |
| Buy / sell spreads | +0.30% / -0.30% |
This is a summary of the key features of the Alvia High Conviction Fund. Please refer to the Information Memorandum before making a decision about this product.
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Unit Prices
Unit prices are usually calculated monthly to reflect changes in accumulated income and market values. The fund’s assets are revalued in accordance with its constitution. The prices shown below may differ from the actual unit price if you were applying for or redeeming an investment. Your actual unit price will be confirmed following any transactions on your investments.
The value of an investment in the Fund, which is represented by the value of units in the Fund, will vary as the market value of the Fund’s assets and liabilities increase and decrease. The number of units issued to an investor on application and the number of units redeemed when an investor withdraws units will be dependent on the issue price (for applications) and withdrawal price (for withdrawals) calculated for the relevant Business Day.
Read our Unit Pricing Discretions Policy.
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Fund Performance
The above performance figures are net of ongoing fees and expenses and assume all income has been reinvested. They represent past performance and are not indicative of future returns. Prospective investors should not make an investment decision based on the Fund’s previous performance.
Additional fund information is available from: www.alviapartners.com.au
*Inception Date is 06/08/2020.
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Distributions
The Fund will pay distributions annually, where income is available for distribution. We may also, in consultation with the Manager, pay a half-year distribution if it is considered in the best interests of investors and the Fund has sufficient funds available for distribution.
Any cash distributions will be paid by electronic funds transfer into your nominated financial institution account and, where a distribution is paid, this will typically occur within 20 Business Days after the last day of the distribution period (being 30 June for annual distributions) by direct debit to your nominated account.
The Manager’s investment strategy is focused first and foremost on capital preservation and generating attractive risk-adjusted returns over the long term. The tax treatment of the Fund’s investments may reduce the ability to pay distributions. It should also be noted that a number of the investments in overseas markets may have low payout / dividend ratios which will also reduce the Fund’s ability to pay distributions.
Distributions are the profit earned by the fund which is then paid to investors. Distributions are expressed as cents per unit, for example, if a distribution of 3 cents was paid and you hold 1000 units you will be paid a distribution of $30 (1000 x $0.03). Distributions can include different types of income including; dividends, interest and realised capital gains.
The unit price of the fund will fall by a corresponding amount when distribution is paid.
To view the latest distributions for the DDH Managed Funds please click here.
Distribution tax components
To view the distribution component information for funds managed by DDH Graham Limited, please click here.
Please note that these distribution tax components provide general information only and do not take into account your individual taxation or financial objectives, situation or needs. You should not rely on this information for the purposes of completing your income tax returns.
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Fund Forms
