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Investment objective
The investment return objective of the Fund is to maximise long term capital appreciation, by investing primarily in a concentrated long-only portfolio of global growth oriented small and medium capitalisation companies. The Fund aims to achieve a return (after fees) exceeding the MSCI ACWI SMID Cap Index (Net) in $A over a rolling 5 to 7 year period.
Investment strategy
The Fund is designed for investors seeking a long term exposure to a concentrated portfolio of high quality global growth oriented small and medium capitalisation equities with the potential for capital gains.
The Fund will invest in 20 to 40 listed equities that are constituents of the MSCI ACWI SMID Cap Index (or have similar market capitalisation characteristics to companies on the Index), across a range of industries and countries, and is permitted to invest up to 10% of net asset value in initial public offering securities. Munro will focus on identifying and investing in global companies that have the potential to grow at a faster rate and a more sustainable basis than the overall market.
The base currency of the Fund is the Australian dollar (AUD). No management of the foreign currency exposure relative to the Australian dollar is undertaken for the Fund.
Investment manager
Munro was created in 2016 by a group of investment professionals determined to build a different kind of funds management business. This shared vision came together under the leadership of Nick Griffin, Munro Partners’ chief investment officer and an industry veteran with a long track record of investment success.
Munro is an investment manager whose core focus is global growth equities. Munro aims to identify both the sustainable growth trends that are under appreciated and mispriced by the market, and the resulting winning stocks.
Munro seeks to maximise long term capital appreciation primarily through exposure to a concentrated portfolio of growth-oriented equities issued by companies located anywhere in the world.
Key features
Key features
| Key features | |
|---|---|
| APIR code | OVS5665AU |
| Risk level | 7 – Very high |
| Minimum initial investment | $500 |
| Minimum additional investment | $500 for a one-off additional payment |
| Regular investment plan | Minimum monthly deposit of $100 |
| Minimum switching amount | $500 |
| Minimum balance | $500 |
| Total estimated fees and costs | 1.07% |
| Recommended minimum investment period | Five years |
Target asset allocation
| Asset class | Min % | Max % |
|---|---|---|
| International share1 | 90 | 100 |
| Cash1,2 | 0 | 10 |
1. The investment guidelines provide an indication of the intended holdings in the Fund and may be higher or lower from time to time.
2. Including cash equivalent securities
Key features
Key features
| Key features | |
|---|---|
| APIR code | OVS5665AU |
| Risk level | 7 – Very high |
| Minimum initial investment | $500 |
| Minimum additional investment | $500 for a one-off additional payment |
| Regular investment plan | Minimum monthly deposit of $100 |
| Minimum switching amount | $500 |
| Minimum balance | $500 |
| Total estimated fees and costs | 1.07% |
| Recommended minimum investment period | Five years |
Target asset allocation
| Asset class | Min % | Max % |
|---|---|---|
| International share1 | 90 | 100 |
| Cash1,2 | 0 | 10 |
1. The investment guidelines provide an indication of the intended holdings in the Fund and may be higher or lower from time to time.
2. Including cash equivalent securities
Request a PDS
You are one step closer to securing your future. Request a copy of the Centuria LifeGoals PDS to start investing today.
You can apply online for a simple and easy application process, or contact us for any investment, product or administrative enquiries.