Talaria Global Equity Fund

Our investment strategy seeks to increase the certainty of global equity returns for investors.

We deliver this through our:

  • Unique and structurally lower-risk investment approach that combines capital growth
    and income generation to deliver a more consistent return profile (smoothing).
  • Portfolio of up to 45 large, globally listed companies.
  • Internationally experienced and personally invested leadership team.

We believe the most compelling way to compound clients’ wealth is by utilising multiple return sources to deliver superior risk-adjusted investment outcomes

Research
Risk
Management
Income & distributions
Compounding
Wealth
  • Long-term compounding of investor wealth
  • Multiple sources of return
  • Quarterly distributions
  • Risk focused investment mindset

The investment process behind the Talaria Global Equity Fund takes a high conviction, value biased approach to construct a portfolio of high quality, large cap companies from around the globe. Our unique investment methodology harnesses the benefits of consistent income generation and capital appreciation to grow investors’ real wealth.

Performance

As at

31/5/2020

1

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1
Month

3
Months

6
Months

1
Year

3 Years (pa)

5 Years (pa)

7 years (pa)

10 Years (pa)

Since Inception (pa)2

Income %

0.00

1.79

2.88

7.90

8.26

‍7.99

9.39

7.56

7.14

Growth %

0.62

-9.24

-11.07

-5.61

-3.08

-4.07

-0.95

0.95

-1.10

Total Return %

0.62

-7.46

-8.20

2.29

5.18

3.92

8.44

8.51

6.04

Avg. Market Exposure 5

50%

57%

58%

57%

61%

61%

61%

62%

62%

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 Income includes realised capital gains.
4 Past performance is not a reliable indicator of future performance.
5 Average Market Exposure calculated on delta-adjusted exposure of underlying portfolio. Since inception market exposure is calculated from September 2008.

Distribution History

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Frequency

End Period

Cents Per Unit

Reinvestment Price

Quarterly

31

-

Mar

-

20

1.7000

$0.8626

Quarterly

31

-

Dec

-

19

1.2000

$0.9690

Quarterly

30

-

Sep

-

19

1.2000

$0.9620

Quarterly

30

-

Jun

-

19

3.4313

$0.9311

Quarterly

31

-

Mar

-

19

1.5000

$0.9212

Growth of $10,000 since inception 6

Annual Distributions 7

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 - Wholesale Units for the financial year ending 30 June 2019. Inception date is 18 August 2008.

Top 10 holdings 8

Prudential

Holdings %

4.8

Country

USA

Sector

Financials

Description

Largest Insurance company in the USA

WPP

Holdings %

4.6

Country

United Kingdom

Sector

Media

Description

World leader in advertising and marketing services

Bayer

Holdings %

4.6

Country

Germany

Sector

Pharmaceuticals

Description

Multinational pharmaceutical and life sciences company

Land Securities

Holdings %

4.2

Country

United Kingdom

Sector

Real Estate

Description

Largest commercial property development and investment company in UK

Booking Holdings

Holdings %

4.2

Country

USA

Sector

Consumer Discretionary

Description

Global leader in providing online travel and related services

Swiss Re

Holdings %

4.1

Country

Switzerland

Sector

Insurance

Description

One of the world’s leading providers of insurance and reinsurance

Asahi Group

Holdings %

3.9

Country

Japan

Sector

Consumer Staples

Description

Japan's largest brewer with increasing overseas market presence

Wheaton Precious Metals

Holdings %

3.8

Country

USA

Sector

Materials

Description

Large precious metals streaming company

Sanofi

Holdings %

3.4

Country

France

Sector

Health Care

Description

Top 5 pharmaceutical firm with leading positions in diabetes and rare diseases

Newmont Mining

Holdings %

3.2

Country

USA

Sector

Materials

Description

One of the top 3 gold producers in the world

Company Name

Holding %

Country

Sector

Description

Prudential

4.8

USA

Financials

Largest Insurance company in the USA

WPP

4.6

United Kingdom

Media

World leader in advertising and marketing services

Bayer

4.6

Germany

Pharmaceuticals

Multinational pharmaceutical and life sciences company

Land Securities

4.2

United Kingdom

Real Estate

Largest commercial property development and investment company in UK

Booking Holdings

4.2

USA

Consumer Discretionary

Global leader in providing online travel and related services

Swiss Re

4.1

Switzerland

Insurance

One of the world’s leading providers of insurance and reinsurance

Asahi Group

3.9

Japan

Consumer Staples

Japan's largest brewer with increasing overseas market presence

Wheaton Precious Metals

3.8

USA

Materials

Large precious metals streaming company

Sanofi

3.4

France

Health Care

Top 5 pharmaceutical firm with leading positions in diabetes and rare diseases

Newmont Mining

3.2

USA

Materials

One of the top 3 gold producers in the world

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 Allocation 9

Regional Allocation 10

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

As at

April 6, 2020

APIR Code
AUS0035AU
Inception Date
18 August 2008
Management Fee
1.16% p.a.
Liquidity
Daily
Buy / Sell Spread
0.20% / 0.20%
Entry Price
0.8791
Distributions
Quarterly
Exit Price
0.8756
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, Hub24, IOOF Pursuit, Linear, Macquarie, MyNorth, Netwealth, Powerwrap, Praemium, Xplore Wealth

Reports and Disclosure Documents

Important Notice

Wholesale Units in the Talaria Global Equity Fund (the Fund) are issued by Australian Unity Funds Management Limited ABN 60 071 497 115, AFS Licence No. 234454.Talaria Asset Management Pty Ltd ABN 67 130 534 342, AFS Licence No, 333732 is the investment manager and distributor of the Fund. References to “we” meansTalaria Asset Management Pty Ltd, the investment manager. The information in this document is general information only and is not based on the objectives, financial situation or needs of any particular investor. In deciding whether to acquire, hold or dispose of the product you should obtain a copy of the current ProductDisclosure Statement (PDS) for the Fund and consider whether the product is appropriate for you. A copy of the PDS is available at australianunity.com.au/wealthor by calling Australian Unity Wealth Investor Services team on 13 29 39. Investment decisions should not be made upon the basis of the Fund’s past performance or distribution rate, or any ratings given by a rating agency, since each of these can vary. In addition, ratings need to be understood in the context of the full report issued by the rating agency itself. The information provided in the document is current at the time of publication.

Wholesale Investor Confirmation

By clicking below you are confirming that you are an Australian wholesale client for the purposes of section 761G of the Corporations Act 2001. Access to this information is provided on the condition that it is not passed on to any person who is a retail client within the meaning of section 761G of the Corporations Act 2001.