International Share Funds have exposure to a diversified portfolio of international shares or can be invested directly into a range of international shares across a number of global stock exchanges in developed, emerging, and/or frontier market. These funds can offer varying levels of risk and return but are generally riskier than cash and fixed interest securities.
|Investment Options||Risk Level||Investment Objective||Investment Strategy|
|International Share Funds|
|Vanguard International Shares Index Fund||6 – High||The Vanguard International Shares Index Fund seeks to track the return of the MSCI World ex-Australia Index (with net dividends reinvested) in Australian dollars before taking into account fees, expenses and tax.||The fund provides exposure to many of the world’s largest companies listed in major developed countries. It offers low-cost access to a broadly diversified range of securities that allows investors to participate in the long-term growth potential of international economies outside Australia.|
|Walter Scott Global Equity Fund (Unhedged)||6 – High||The fund aims to achieve a long-term total return (before fees and expenses) that the MSCI World ex- Australia Index in $A dollars unhedged with net dividends reinvested.||The fund provides exposure to a concentrated portfolio of global equities by investing in securities which, in Walter Scott’s opinion, offer strong and sustained earnings growth. The fund will not invest in ‘tobacco’ securities as defined by the Global Industry Classification Standards (GICS) or ‘controversial weapons’ securities as defined by MSCI, Inc. The fund is actively managed using a benchmark unaware, fundamental, bottom-up and research-driven approach to build a portfolio of strong growth companies capable of generating wealth over long periods of time. The investment approach combines detailed financial analysis with business and management analysis. The portfolio is constructed with a primary focus on stock-based analysis and a bias towards strong growth companies which Walter Scott believes are capable of generating high earnings growth. The fund’s exposure to international assets is unhedged.|
|T. Rowe Price Global Equity Fund||6 – High||The fund’s objective is to provide long term capital appreciation by investing primarily in a portfolio of securities of|
companies which are traded, listed or due to be listed, on recognised exchanges and/or markets throughout the world.
|The portfolio manager constructs a global portfolio of the highest-conviction investment ideas by leveraging the T. Rowe Price network of more than 100 equity investment professionals to identify highly recommended companies with above-average and sustainable growth characteristics. This fund will typically hold between 120 and 160 stocks.|
|Magellan Global Fund||6 – High||To achieve attractive risk-adjusted returns over the medium to long-term while reducing the risk of permanent capital loss.||This fund aims to find companies at attractive prices that have sustainable competitive advantages that translate into returns on capital in excess of their cost of capital for a sustained period of time. The fund will endeavour to acquire these companies at a discount to its assessment of the intrinsic value of the companies. The portfolio will consist of 20-40 investments.|
|Vanguard International Small Company Index Fund||6 – High||The fund’s objective is to provide long term capital appreciation by investing primarily in a portfolio of securities of companies which are traded, listed or due to be listed, on recognised exchanges and/or markets throughout the world.||The fund seeks to track the return of the MSCI World ex-Australia Small Cap Index (with net dividends reinvested) in Australian dollars before taking into account fees, expenses, and tax|