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  5. Affluence LIC Fund - Managed fund profile

Affluence LIC Fund - Managed Fund

Fund Objective
The Fund aims to provide you with: A total annualised return (distributions plus increase in unit price) after all fees and costs in excess of the ASX 200 Index over rolling 3 year periods. Access to a diversified portfolio of predominantly equity based investments. Volatility of returns which is significantly less than the ASX 200 Index, measured over rolling 3 year periods. A minimum distribution yield of 5% per annum, paid quarterly.
Fund Strategy
The Fund is a limited capacity strategy that provides access to a diversified portfolio of 20 to 35 ASX Listed Investment Companies (LICs). The Fund aims to outperform the ASX 200 Accumulation Index with volatility of returns which is significantly less than the ASX 200 Index measured over rolling 3 year periods. The Fund also aims to pay a minimum distribution yield of 5% per annum, paid quarterly.

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 -1.9% 0.7% -0.41% 6.73% 7.92% 6.06% 14.59% -%
Growth return -3.28% -0.72% -3.18% 0.22% 1.61% -1.98% 5.51% -%
Income return 1.38% 1.42% 2.77% 6.51% 6.31% 8.04% 9.08% -%
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.34% 1.02% 2.13% 4.35% 4.28% 3.67% 2.21% 1.99%
As at 31 Mar 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

No asset allocation data available.
Average Allocation of Peers
Alternatives
25.45%
Australian Equities
4.28%
International Equities
7.52%
Cash
43.40%
Property
1.93%
Fixed Interest
17.42%

General Information

Fund Details
Type Description
Affluence LIC Fund
Affluence Funds Management Pty Ltd
AFX6930AU
Alternative - Multistrategy
Not Rated
Investment Fund
3 May 2016
$25.32 million (as at 31 Mar 2025)
$1.3164 (as at 31 Mar 2025)
$1.3138 (as at 31 Mar 2025)
Open
Offer information
Type Description
MER 4.13% (as at 30 Dec 2023)
Indirect Cost Ratio (ICR) 4.13% (as at 30 Jun 2024)
Performance fee (not included in ICR) 2.38
Minimum initial investment $20,000
Minimum additional investments $1,000.00

Top 10 holdings (as at 30 Jun 2024)

Holding (as at 30 Jun 2024) Type % of Portfolio
Platinum Cap Equity 6.27%
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FAQs about the Affluence LIC Fund

The objective of the Affluence LIC Fund managed fund is The Fund aims to provide you with: A total annualised return (distributions plus increase in unit price) after all fees and costs in excess of the ASX 200 Index over rolling 3 year periods. Access to a diversified portfolio of predominantly equity based investments. Volatility of returns which is significantly less than the ASX 200 Index, measured over rolling 3 year periods. A minimum distribution yield of 5% per annum, paid quarterly.

The strategy of the Affluence LIC Fund managed fund is The Fund is a limited capacity strategy that provides access to a diversified portfolio of 20 to 35 ASX Listed Investment Companies (LICs). The Fund aims to outperform the ASX 200 Accumulation Index with volatility of returns which is significantly less than the ASX 200 Index measured over rolling 3 year periods. The Fund also aims to pay a minimum distribution yield of 5% per annum, paid quarterly.

The APIR code of the Affluence LIC Fund managed fund is AFX6930AU.

Affluence LIC Fund’s total return last month was -1.9%. This was made up of a growth return of -3.28% and an income return of 1.38%. These returns were calculated as at 31 Mar 2025.

Affluence LIC Fund’s total return for the last three months was 0.7%. This was made up of a growth return of -0.72% and an income return of 1.42%%. These returns were calculated as at 31 Mar 2025.

Affluence LIC Fund’s one-year total return is 6.73%. This was made up of a growth return of 0.22% and an income return of 6.51%. These returns were calculated as at 31 Mar 2025.

Affluence LIC Fund’s one-year total return is 6.06%. This was made up of a growth return of -1.98% and an income return of 8.04%. These returns were calculated as at 31 Mar 2025.

The asset allocation of the Affluence LIC Fund managed fund is :

Alternatives
100%
Australian Equities
0%
International Equities
0%
Cash
0%
Property
0%
Fixed Interest
0%

The Responsible Entity for the Affluence LIC Fund managed fund is Affluence Funds Management Pty Ltd.

The Affluence LIC Fund managed fund belongs to the Alternative - Multistrategy sector/asset class.

As at 31 Mar 2025, the size of the Affluence LIC Fund managed fund was $25.32 million.

The Affluence LIC Fund managed fund has an inception date of 3 May 2016.

The current entry price of the Affluence LIC Fund managed fund is $1.3164 per unit and the current exit price is $1.3138 per unit (as at 31 Mar 2025).

The current exit price of the Affluence LIC Fund managed fund is $1.3138 per unit and the current entry price is $1.3164 per unit (as at 31 Mar 2025).

The minimum initial investment amount for the Affluence LIC Fund managed fund is $20,000. 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.