Fund

Bennelong Avoca Emerging Leaders Fund

The Bennelong Avoca Emerging Leaders Fund selects stocks from the S&P/ASX Small Ordinaries and S&P/ASX Mid-Cap 50 Indices, and typically holds between 20 and 35 stocks. The Fund holds small and mid-cap stocks that present significant growth opportunities; the investment team aims to add value by investing only in companies they believe can generate alpha.

APIR Code

BFL0008AU

Benchmark

S&P/ASX Small Ordinaries Accumulation Index

Portfolio managers

John Campbell/Jeremy Bendeich

Stock range

Typically 20-35

Active stock limit

± 8%

Cash limit

0-10%

Client risk profile

Growth

Investment team

Avoca Investment Management

Responsible entity

Bennelong Funds Management Ltd
AFSL 296806
Level 1, 9 Queen St, Melbourne Vic 3000

Recommended investment period

Long term (five years plus)

Inception date

1 Jul 2011

Fees and charges

Management Fee: 1.25% p.a. (including GST net of reduced input tax credits) of Net Asset Value of the Fund.

Performance Fee: 17.5% (including GST net of reduced input tax credits) of any amount by which the Fund's investment return (before fees and expenses) is more than 1.25% p.a. greater than the return generated by the S&P/ASX Small Ordinaries Accumulation Index.

Investment amount

Initial Investment Minimum: $20,000

Withdrawal Minimum: $5,000

Subject to the Responsible Entity's absolute discretion.

Performance

Performance summary

As at 28 February 2019

 
Fund
Benchmark
Value add

1 mnth

3 mnths

6 mnths

1 yr

3 yrs (pa)

5 yrs (pa)

Since inception*

6.07%

7.17%

-7.78%

-3.05%

8.32%

5.25%

4.51%

6.78%

8.01%

-3.06%

3.48%

13.44%

7.73%

4.22%

-0.71%

-0.83%

-4.72%

-6.53%

-5.12%

-2.49%

0.30%

Performance figures are net of fees and expenses.
*Inception date is 01/07/2011. Since inception figures are calculated on a p.a. basis.

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28 February 2019

31 January 2019

31 December 2018

Performance history

Prices

Application 0.9522
Redemption 0.9465
Effective date 20 March 2019
 

Unit price history

How to invest

New investors

This fund is no longer open to new investors

Existing investors

Change of details

Distribution history

Distribution summary

31 December 2018 distribution CPU (cents)

1.4224

CUM distribution exit price ($AUD)

0.8766

Ex distribution exit price ($AUD)

0.8624

Ex distribution NAV price used for reinvestment ($AUD)

0.8650

Distribution timetable

Payment of cash distribution

7/01/2019

Distribution statements sent to unitholders 7/01/2019

Distribution analysis

30 June 2017

23 November 2016

30 June 2016

30 June 2015

30 June 2014

30 June 2013

30 June 2012