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  5. Merlon Concentrated Australian Share A - Managed fund profile

Merlon Concentrated Australian Share A - Managed Fund

Fund Objective
The Fund aims to outperform the benchmark over rolling three year periods measured as a total return inclusive of franking credits.
Fund Strategy
Merlon believes that stocks trading below fair value will outperform through time. Merlon measures value by sustainable free cash flow yield. Merlon's investment approach is to build a portfolio invested in companies with valuation upside on a broadly equal weight basis. Merlon aims for the Fund to be fully invested in a concentrated number of large and mid-cap companies listed on the ASX. Merlon views franking credits similarily to cash and takes a medium to long term view for investments in the Fund.

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 -1.55% -2.18% 3.57% 22.53% 13.09% 11.58% 9.95% -%
Growth return -1.55% -3.04% -7.69% -% 2.49% 3.39% 4.1% -%
Income return 0% 0.86% 11.26% -% 10.6% 8.19% 5.85% -%
Market index (S&P/ASX Small Ordinaries TR AUD)
Total return 0.8% 3.77% 5.84% 26.65% 9.63% -0.61% 4.65% 7.11%
As at 31 Oct 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Merlon Concentrated Australian Share A
Australian Equities
91.60%
Cash
8.40%
International Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
91.62%
Cash
4.02%
International Equities
2.99%
Property
1.10%
Fixed Interest
0.02%
Alternatives
0.26%

General Information

Fund Details
Type Description
Merlon Concentrated Australian Share A
Fidante Partners Limited
HOW2217AU
Equity Australia Mid/Small Value
starstarstarstar (as at 31 Oct 2024)
Investment Fund
1 Feb 2018
$34.62 million (as at 31 Oct 2024)
$1.1406 (as at 20 Nov 2024)
$1.136 (as at 20 Nov 2024)
Open
Offer information
Type Description
MER 0.99% (as at 23 Nov 2023)
Indirect Cost Ratio (ICR) 0.99% (as at 30 Jun 2023)
Performance fee (not included in ICR) 0.47
Minimum initial investment $10,000.00
Minimum additional investments $1,000.00

Top 10 holdings (as at 31 Jul 2024)

Holding (as at 31 Jul 2024) Type % of Portfolio
ASX Ltd Equity 5.01%
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FAQs about the Merlon Concentrated Australian Share A

The objective of the Merlon Concentrated Australian Share A managed fund is The Fund aims to outperform the benchmark over rolling three year periods measured as a total return inclusive of franking credits.

The strategy of the Merlon Concentrated Australian Share A managed fund is Merlon believes that stocks trading below fair value will outperform through time. Merlon measures value by sustainable free cash flow yield. Merlon's investment approach is to build a portfolio invested in companies with valuation upside on a broadly equal weight basis. Merlon aims for the Fund to be fully invested in a concentrated number of large and mid-cap companies listed on the ASX. Merlon views franking credits similarily to cash and takes a medium to long term view for investments in the Fund.

The APIR code of the Merlon Concentrated Australian Share A managed fund is HOW2217AU.

Merlon Concentrated Australian Share A’s total return last month was -1.55%. This was made up of a growth return of -1.55% and an income return of 0%. These returns were calculated as at 31 Oct 2024.

Merlon Concentrated Australian Share A’s total return for the last three months was -2.18%. This was made up of a growth return of -3.04% and an income return of 0.86%%. These returns were calculated as at 31 Oct 2024.

Merlon Concentrated Australian Share A’s one-year total return is 22.53%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 31 Oct 2024.

Merlon Concentrated Australian Share A’s one-year total return is 11.58%. This was made up of a growth return of 3.39% and an income return of 8.19%. These returns were calculated as at 31 Oct 2024.

The asset allocation of the Merlon Concentrated Australian Share A managed fund is :

Australian Equities
91.60%
Cash
8.40%
International Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Merlon Concentrated Australian Share A managed fund is Fidante Partners Limited.

The Merlon Concentrated Australian Share A managed fund belongs to the Equity Australia Mid/Small Value sector/asset class.

As at 31 Oct 2024, the size of the Merlon Concentrated Australian Share A managed fund was $34.62 million.

The Merlon Concentrated Australian Share A managed fund has an inception date of 1 Feb 2018.

The current entry price of the Merlon Concentrated Australian Share A managed fund is $1.1406 per unit and the current exit price is $1.136 per unit (as at 20 Nov 2024).

The current exit price of the Merlon Concentrated Australian Share A managed fund is $1.136 per unit and the current entry price is $1.1406 per unit (as at 20 Nov 2024).

The minimum initial investment amount for the Merlon Concentrated Australian Share A managed fund is $10,000. 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.