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  5. WaveStone Australian Share I - Managed fund profile

WaveStone Australian Share I - Managed Fund

Fund Objective
The Fund aims to outperform its benchmark over rolling three-year periods.
Fund Strategy
The Fund invests primarily in securities listed on Australian exchanges but may also have up to 10% exposure to international securities listed in exchanges in developed markets. Securities include equity securities, hybrid securities (for example, convertible preference shares) and shares in unlisted companies provided that they are expected to list within 12 months. The Fund may invest in up to 70 companies, will usually have some cash investments and may use options, futures and other derivatives.

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 -1.71% 1.93% 7.87% 23.47% 12.09% 7.77% -% -%
Growth return -1.71% 1.93% 3.06% -% 6.78% 3.14% -% -%
Income return 0% 0% 4.81% -% 5.31% 4.63% -% -%
Market index (S&P/ASX 200 TR AUD)
Total return -1.31% 2.1% 8.44% 24.89% 13.39% 8.01% 8.17% 8.32%
As at 31 Oct 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

WaveStone Australian Share I
Australian Equities
94.70%
Cash
5.30%
International Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
93.29%
Cash
-0.11%
International Equities
4.30%
Property
2.11%
Fixed Interest
0.40%
Alternatives
0.01%

General Information

Fund Details
Type Description
WaveStone Australian Share I
Fidante Partners Limited
HOW6060AU
Equity Australia Large Blend
starstarstarstar (as at 31 Oct 2024)
Investment Fund
1 Nov 2019
$222.25 million (as at 31 Oct 2024)
$1.3159 (as at 20 Nov 2024)
$1.3119 (as at 20 Nov 2024)
Open
Offer information
Type Description
MER 0.60% (as at 18 Apr 2024)
Indirect Cost Ratio (ICR) 0.60% (as at 30 Jun 2023)
Performance fee (not included in ICR) 0
Minimum initial investment $10,000.00
Minimum additional investments $1,000.00

Top 10 holdings (as at 31 Aug 2024)

Holding (as at 31 Aug 2024) Type % of Portfolio
BHP Group Ltd Equity 8.19%
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FAQs about the WaveStone Australian Share I

The objective of the WaveStone Australian Share I managed fund is The Fund aims to outperform its benchmark over rolling three-year periods.

The strategy of the WaveStone Australian Share I managed fund is The Fund invests primarily in securities listed on Australian exchanges but may also have up to 10% exposure to international securities listed in exchanges in developed markets. Securities include equity securities, hybrid securities (for example, convertible preference shares) and shares in unlisted companies provided that they are expected to list within 12 months. The Fund may invest in up to 70 companies, will usually have some cash investments and may use options, futures and other derivatives.

The APIR code of the WaveStone Australian Share I managed fund is HOW6060AU.

WaveStone Australian Share I’s total return last month was -1.71%. This was made up of a growth return of -1.71% and an income return of 0%. These returns were calculated as at 31 Oct 2024.

WaveStone Australian Share I’s total return for the last three months was 1.93%. This was made up of a growth return of 1.93% and an income return of 0%%. These returns were calculated as at 31 Oct 2024.

WaveStone Australian Share I’s one-year total return is 23.47%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 31 Oct 2024.

WaveStone Australian Share I’s one-year total return is 7.77%. This was made up of a growth return of 3.14% and an income return of 4.63%. These returns were calculated as at 31 Oct 2024.

The asset allocation of the WaveStone Australian Share I managed fund is :

Australian Equities
94.70%
Cash
5.30%
International Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the WaveStone Australian Share I managed fund is Fidante Partners Limited.

The WaveStone Australian Share I managed fund belongs to the Equity Australia Large Blend sector/asset class.

As at 31 Oct 2024, the size of the WaveStone Australian Share I managed fund was $222.25 million.

The WaveStone Australian Share I managed fund has an inception date of 1 Nov 2019.

The current entry price of the WaveStone Australian Share I managed fund is $1.3159 per unit and the current exit price is $1.3119 per unit (as at 20 Nov 2024).

The current exit price of the WaveStone Australian Share I managed fund is $1.3119 per unit and the current entry price is $1.3159 per unit (as at 20 Nov 2024).

The minimum initial investment amount for the WaveStone Australian Share I 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.