Our investment outcomes
Talaria Global Equity Fund
Cboe: TLRA
our outcomes
Our alternative process delivers 3 distinct outcomes
An additional source of return
It means we have the ability to generate returns when equities alone don’t
Lower than market volatility
For a more consistent and certain investor experience
Lower downside capture to market falls
So we can take advantage of weaker conditions
Fully liquid, transparent, quarterly distributions
7+%pa
Income return
Since inception
35%
Less volatility than the market
Over the past five years
26%
Lower downside capture
To equity market falls v 100% for the market over a rolling 3 year period
Past performance is not an indicator of future performance.
Returns are not guaranteed and may vary.
our outcomes explained
We’ve delivered on our outcomes for over 20 years
1. Alternative income
Alternative income
The Talaria Global Equity Fund Complex ETF offers Australian investors high levels of consistent income from an alternative source, generated through option premia.
For over 20 years, option premium, dividends and interest have worked together to deliver consistent quarterly distributions.
2. Lower Volatility
Lower volatility for a smoother journey
We recognise the journey is as important as the destination, so less volatility is always better. Talaria’s unique and alternative investment process has resulted in the strategy delivering significantly less volatility than the market.
3. Lower Downside Capture
Lower downside capture
Rule number 1: don’t lose money
Rule number 2: don’t forget rule number 1
Talaria’s alternative investment process means it has significantly less drawdowns than the market since inception, meaning investors have more money working for them in the upturn, leading to more consistent and sustainable investment returns over time.
How we do it
Our alternative investment approach is driven by discipline and process to balance both risk and reward
Fundamental bottom-up research
From our universe of 1800+ large cap global companies.
A unique implementation process
Allows us to generate multiple levers of return.
Concentrated value led portfolio
Concentrated and high conviction of up to 25-40 global stocks.
Our Strategy
Our Strategy
We believe investors should be paid for taking equity market risk.
Our investment philosophy is based on the fact that the volatility of share prices is often higher than the volatility of corporate cash flows – we seek to exploit this difference.
Hear more from CIOs Chad Padowitz and Hugh Selby-Smith.
Our Process
Our Unique Implementation Process
Our alternative, integrated investment process combines fundamental bottom-up research across our universe of global equities with a unique implementation approach.
By marrying the return earned from owning equities (the equity risk premium) with the return generated through implementation (the volatility risk premium), we create multiple levers of return, with less market risk and lower volatility.
Learn how this works from our CIOs Chad Padowitz and Hugh Selby-Smith.
Playbook for a new era
The world is changing. Are you ready for what comes next?
The conditions that drove returns over the past three decades are shifting, making both reliable growth and portfolio income less certain. The Playbook for a New Era of Investing breaks down what has changed, why it matters, and where the opportunities lie.
For nearly three decades, investors operated in a world defined by falling interest rates, expanding global trade and abundant capital. That world is changing.
We are very likely witnessing a fundamental, structural change in the global economy, a monetary regime change, and this may have implications for how portfolios are built moving forward.
Download the playbook and learn:
- Why the investment regime of the last 30 years is coming to an end
- Why your portfolio may be less diversified than you think
- Where the opportunities lie in this new era of investing
Get the Playbook
Our Clients
Our Clients
An alternative source of return is a great asset for many investors, especially one that is consistent and de-correlated to equity market returns.
Hear from two of our clients, Hugh Robertson at Centaur Financial and the team from Libertate Family Office about how and why they use Talaria.
Contact Us
Find out more by getting in touch with a member of our team
Join Our Mailing List
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Footnotes
Past performance is not an indicator of future. Returns are not guaranteed and may vary.
Market is MSCI World ex Aust.
* Source: Talaria Global Equity Fund Income as at 31 January 2026. Upside downside Foundation units pre-fees quarterly returns. Volatility (standard deviation) Wholesale units – post-fee.
1,2 Source: Talaria Global Equity Fund Complex ETF as at 31 December 2025
3 Source: Morningstar, September 2017-December 2025. Peer group is Australian based active global equity funds, 12 month yield.
4 Source: Morningstar, 3 years to December 2025
5 Source: Morningstar, 3 years to December 2025
*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).
**Investing and redeeming units off market via an application from with the Responsible Entity is at the prevailing end of day Net Asset Value (subject to transaction costs and spreads). Investors should review the PDS for the fund.
Important Information
Equity Trustees Limited (“Equity Trustees”) (ABN 46 004 031 298), AFSL 240975, is the Responsible Entity for the Talaria Global Equity Fund Complex ETF (“the Fund”). Equity Trustees is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT).
This webpage has been prepared by Talaria Asset Management (Talaria) to provide you with general information only. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any particular person. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. Neither Talaria, Equity Trustees nor any of its related parties, their employees or directors, provide any warranty of accuracy or reliability in relation to such information or accepts any liability to any person who relies on it. Past performance should not be taken as an indicator of future performance. You should obtain a copy of the Product Disclosure Statement before making a decision about whether to invest in this product.
Talaria Global Equity Fund Complex ETF’s Target Market Determination is available here. A Target Market Determination is a document which is required to be made available from 5 October 2021. It describes who this financial product is likely to be appropriate for (i.e. the target market), and any conditions around how the product can be distributed to investors. It also describes the events or circumstances where the Target Market Determination for this financial product may need to be reviewed.
The rating issued 04/2025 is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2023 Lonsec. All rights reserved.
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned November 2025 for funds AUS0035AU and WFS0547AU) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines.
The Genium rating (assigned May 2025) presented in this document is issued by Genium Investment Partners Pty Ltd ABN 13 165 099 785, which is a Corporate Authorised Representative of Genium Advisory Services Pty Ltd ABN 94 304 403 582, AFSL 246580. The Rating is limited to “General Advice” (s766B Corporations Act 2001 (Cth)) and has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without notice. Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision in relation to this financial product(s). Genium receives a fee from the Fund Manager for researching and rating the product(s). Visit Geniumip.com.au for information regarding Genium’s Ratings methodology.
