Chester High Conviction - Managed Fund

Fund Objective

To outperform the S&P/ASX300 Accumulation Index by 500bp (before fees) over a rolling 3-year time frame.

Fund Strategy

The Fund seeks to exploit inefficient markets by investing in companies with sustainable earnings with an ability to generate free cash flow or dividend growth. Valuation support is critical to ensure a margin of safety. The Fund will invest in a diversified portfolio of stocks comprising listed companies in the S&P/ASX 300 Index; a non index position in stocks listed outside Australia; while cash allocation can be between 0%-20%.

Fund Performance Comparison

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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

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Fees Comparison

% p.a.

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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.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	1.44%	3.72%	11.06%	16.73%	14.73%	10.84%	15.11%	-%
Growth return	1.44%	-4.37%	2.41%	7.1%	6.73%	5.31%	5.44%	-%
Income return	0%	8.09%	8.65%	9.63%	8%	5.53%	9.67%	-%
Market index (S&P/ASX 200 TR AUD)
Total return	3.1%	7.03%	11.65%	14.74%	14.82%	13.04%	12.32%	9.87%

As at 31 Aug 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Chester High Conviction

Australian Equities: 95.84%

Cash: 4.16%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 93.71%

Cash: -0.79%

International Equities: 4.83%

Property & Infrastructure: 1.41%

Fixed Interest: 0.26%

Alternatives: 0.58%

General Information

Fund Details

Type	Description
Fund Name	Chester High Conviction
Responsible Entity	Copia Investment Partners Ltd
APIR Code	OPS7755AU
Sector/Asset Class	Equity Australia Large Blend
Morningstar Rating	(as at 31 Aug 2025)
Legal Structure	Investment Fund
Fund Inception	26 Apr 2017
Fund Size	$876.45 million (as at 12 Sep 2025)
Entry Price	$1.6901 (as at 12 Sep 2025)
Exit Price	$1.6799 (as at 12 Sep 2025)
Fund Status	Open

Offer information

Type	Description
MER	1.04% (as at 2 Dec 2024)
Indirect Cost Ratio (ICR)	1.11% (as at 30 Jun 2023)
Performance fee (not included in ICR)	0.16
Minimum initial investment	$20,000
Minimum additional investments	$5,000.00

Top 10 holdings (as at 31 Jul 2025)

Holding (as at 31 Jul 2025)	Type	% of Portfolio
CSL Ltd	Equity	6.74%
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FAQs about the Chester High Conviction

What is the objective of the Chester High Conviction managed fund?

The objective of the Chester High Conviction managed fund is To outperform the S&P/ASX300 Accumulation Index by 500bp (before fees) over a rolling 3-year time frame.

What is the strategy for the Chester High Conviction managed fund?

The strategy of the Chester High Conviction managed fund is The Fund seeks to exploit inefficient markets by investing in companies with sustainable earnings with an ability to generate free cash flow or dividend growth. Valuation support is critical to ensure a margin of safety. The Fund will invest in a diversified portfolio of stocks comprising listed companies in the S&P/ASX 300 Index; a non index position in stocks listed outside Australia; while cash allocation can be between 0%-20%.

What is the APIR code of the Chester High Conviction managed fund?

The APIR code of the Chester High Conviction managed fund is OPS7755AU.

What was Chester High Conviction’s total return last month?

Chester High Conviction’s total return last month was 1.44%. This was made up of a growth return of 1.44% and an income return of 0%. These returns were calculated as at 31 Aug 2025.

What was Chester High Conviction’s total return for the last three months?

Chester High Conviction’s total return for the last three months was 3.72%. This was made up of a growth return of -4.37% and an income return of 8.09%%. These returns were calculated as at 31 Aug 2025.

What is Chester High Conviction’s one-year total return?

Chester High Conviction’s one-year total return is 16.73%. This was made up of a growth return of 7.1% and an income return of 9.63%. These returns were calculated as at 31 Aug 2025.

What is Chester High Conviction’s three-year total return?

Chester High Conviction’s one-year total return is 10.84%. This was made up of a growth return of 5.31% and an income return of 5.53%. These returns were calculated as at 31 Aug 2025.

What is the asset allocation of the Chester High Conviction managed fund?

The asset allocation of the Chester High Conviction managed fund is :

Australian Equities: 95.84%

Cash: 4.16%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the Chester High Conviction managed fund?

The Responsible Entity for the Chester High Conviction managed fund is Copia Investment Partners Ltd.

What sector/asset class does the Chester High Conviction managed fund belong to?

The Chester High Conviction managed fund belongs to the Equity Australia Large Blend sector/asset class.

What is the size of the Chester High Conviction managed fund?

As at 12 Sep 2025, the size of the Chester High Conviction managed fund was $876.45 million.

What is the inception date of the Chester High Conviction managed fund?

The Chester High Conviction managed fund has an inception date of 26 Apr 2017.

What is the current entry price of the Chester High Conviction managed fund?

The current entry price of the Chester High Conviction managed fund is $1.6901 per unit and the current exit price is $1.6799 per unit (as at 12 Sep 2025).

What is the current exit price of the Chester High Conviction managed fund?

The current exit price of the Chester High Conviction managed fund is $1.6799 per unit and the current entry price is $1.6901 per unit (as at 12 Sep 2025).

What is the minimum investment amount for the Chester High Conviction managed fund?

The minimum initial investment amount for the Chester High Conviction managed fund is $20,000. Minimum additional investment is $5000.

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.

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