Title

Talaria Global Equity Fund (Managed Fund)

A high conviction, value biased approach to construct a portfolio of high quality, large cap companies from around the globe.

Fund Overview

Talaria Global Equity Fund (Managed Fund) (Cboe: TLRA)

Since November 2021, investors have been able to invest in the Talaria Global Equity Fund via Cboe Australia (TLRA). TLRA is the ticker code for investors wishing to invest in units of the Talaria Global Equity Fund.

The Fund, also known as an active ETF, is accessible via your share trading platform, stockbroker or financial advisor.

You have a choice as to whether you apply for and redeem units via the responsible entity (RE) or buy and sell units on Cboe in the same way you buy other publicly listed ETFs and shares.

TLRA units should generally trade on Cboe close to the prevailing Net Asset Value during the Cboe trading day (subject to the market bid/offer spread).

You can buy and sell units off market with the Responsible Entity at the prevailing end of day Net Asset Value (subject to transaction costs and spreads).

Ticker: TLRA

iNAV
NAV

An indicative NAV per Unit (“iNAV”) will be published by the Fund throughout the Trading Day. The published iNAV is indicative only and might not be up to date or might not accurately reflect the underlying value of the Fund. The price at which the units in the Fund trade on the Securities Exchange may not reflect accurately the NAV of each such unit. The adoption of a robust pricing methodology for the iNAV is intended to minimise this differential, as is the role of the market maker, but will not be able to eliminate it entirely. The market price and iNAV price may also deviate because the market price of the units in the Fund is a function of supply and demand amongst investors wishing to buy and sell such units and the bid-offer spread the market maker is willing to quote for those units. To the extent permitted by law, neither the Issuer or its appointed agent shall be liable to any person who relies on the iNAV. IOPVs / iNAVs are calculated by Solactive AG (Solactive). The Funds and other financial instruments issued or managed by AUFM are not sponsored, endorsed, promoted or sold by Solactive in any way and Solactive makes no express or implied representation, guarantee or assurance with regard to the IOPVs / iNAVs or the Funds and other financial instruments.

Performance

as at 31/07/20221

1 Month3 Month6 Months1 Year3 Years (pa)5 Years (pa)7 Years (pa)10 Years (pa)Since Inception (pa)2
Total Return-0.61 -0.52-2.01 6.857.52 8.51 5.98 10.90 6.82
Average Market Exposure4 50% 53% 54% 57% 55% 58% 59% 59% 61%

1 Fund Returns are calculated after fees and expenses and assume the reinvestment of distributions.
2 Inception date for performance calculation is 18 August 2008.
3 Past performance is not a reliable indicator of future performance.
4 Average Market Exposure calculated on delta-adjusted exposure of underlying portfolio. Since inception market exposure is calculated from September 2008.

Distribution History

FrequencyEnd PeriodCents per UnitReinvestment Price
Quarterly30-June-2211.5642$4.6553
Quarterly31- Mar-22 7.250 $4.6553
Quarterly31-Dec-21 7.000$4.7216
Quarterly 30-Sept-21 7.000 $4.6565
Quarterly 30-Jun-21 10.766 $4.5745
Quarterly 31-Mar-21 6.000 $4.427
Quarterly 31-Dec-20 6.000 $4.2305
Quarterly 30-Sept-20 6.250 $4.097
Quarterly 30-Jun-20 18.246 $4.1645
Download historical distributions      

Growth of $10,000 since inception6

Annual Distributions7

6 Calculations are based on exit price, net of management fees and expenses and assumes reinvestment of distributions. Past performance is not a reliable indicator of future performance.
7 Illustrates Distribution Returns for the Talaria Global Equity Fund – Managed Fund for the financial year ending 30 June 2022. Inception date is 18 August 2008.

Top 10 holdings8

Company NameHolding %CountrySectorDescription
Everest Re 5.7 USAFinancialsLeading global provider of reinsurance and insurance services
Roche 5.4SwitzerlandHealthcareA global leader in cancer treatments
Alibaba 5.4 Hong Kong Consumer DiscretionaryOne of the world’s largest e-commerce groups
Novartis 5.2SwitzerlandHealthcareOne of the world’s largest pharmaceutical companies
Wheaton Precious Metals5.0USA MaterialsLarge precious metals streaming company
Femsa 4.6 Mexico Consumer StaplesOperates largest Mexican convenience store chain, and part owner of Coca-Cola bottling and Heineken
Sanofi 4.5France HealthcareTop 5 pharmaceutical firm with leading positions in diabetes and rare diseases
Sodexo4.5FranceConsumer DiscretionaryA multinational food services and facilities management company
Johnson & Johnson 4.4USAHealthcarePharmaceutical, medical devices and consumer health products company
Secom 4.3 Japan IndustrialsJapan’s largest protective and electronic security solutions provider

8 Weightings include option positions held and cash backing put options. It assumes that put options will be exercised. Should the put option not be exercised the cash will revert to the unencumbered cash portfolio or may be used to cover further put options.

Sector allocation9

Regional Allocation10

9,10 Weightings include option positions held and cash backing put options. It assumes that put options will be exercised. Should the put option not be exercised the cash will revert to the unencumbered cash portfolio or may be used to cover further put options.

Fund Snapshot

APIR CodeAUS0035AU
Inception Date18 August 2008
Management Fee1.16% p.a.
LiquidityDaily
Buy / Sell Spread 0.20% / 0.20%
Distributions Quarterly
Recoverable Expenses 0.12% of the net asset value of the Fund for the financial year
Major Platform Availability AMP North, Asgard, Ausmaq, BT Wrap, BT Panorama, CFS FirstWrap, CFS FirstChoice, Hub24, IOOF Pursuit, Linear, Macquarie, Mason Stevens, MLC Wrap, MLC Navigator, MyNorth, Netwealth, Powerwrap, Praemium, Xplore Wealth
Entry and exit prices