Investing In High Quality Shares With Downside Protection.
347 Darling Pty Ltd, ABN 38 604 854 999, AFSL 491106, a Licensee and Trustee wholly owned by SMATS Services (Australia) Pty Ltd, is pleased to offer the SMATS Protected Yield Fund, an actively managed fund focusing on yield and with downside protection.
The objectives of The Fund are to generate competitive risk adjusted returns over the medium to long term.
The Fund invests in a portfolio of Australian listed shares with downside protection, and exposure up to 30% global, currency hedged, listed shares.
347 Darling Pty Ltd, ABN 38 604 854 999, AFSL 491106
SMATS Asset Management Pty Ltd, ABN 99 659 315 554
AUD $1bn
AUD $50,000
Wholesale clients
Open-ended
0.5%p.a. on funds under management (calculated daily, paid quarterly)
5% of net capital gains (i.e. gains excluding dividends and management fee)
0.25% per subscription/redemption amount (based on estimated transaction cost of 0.25%)
Australian dollars
Distributions paid quarterly
On a weekly basis, published weekly
An allocation will be made to units in a downside protection fund, the “SMATS DM Protection Fund” (SDMPF). Management Fee: 0.5%p.a. on funds under management (calculated daily, paid quarterly) and Performance Fee: 5% of Net Capital Gains (i.e gains excluding management fee).
Available weekly, in normal market conditions, as outlined in The Fund’s Information Memorandum.
*All fees and expenses are quoted exclusive of GST.
Apply a rigorous screening for consistency of performance and quality of dividend yield. Further screening for strength in capital growth over the medium to long term.
Wholesale investors can obtain a copy of the Information Memorandum by contacting us.
| Screening Process | Large Cap Shares | Mid Cap Shares | Small Cap Shares |
|---|---|---|---|
| Capitalisation Pool | 20 | 80 | 100 |
| Meets minimum Length of Track record | 20 | 61 | 54 |
| Meets minimum Quality of Yield | 11 | 30 | 32 |
| Meets minimum Profitability and Growth | 8 | 8 | 8 |
Achieve a targeted dividend yield of 4% with targeted capital growth greater than 6%.
The Fund will invest in Australian and global equities with an approach enabling low turnover in shares by protecting against downside market moves. It will not be trading short positions in shares.
A strict and consistent proprietary investment process will be applied by SMATS Asset Management Pty Ltd in both selecting securities and selecting the weights for those securities.
Some of the factors used in this process are:
Further information and a copy of the Information Memorandum is available upon registering your interest.
Limit exposure to each share, sector and capitalisation group, thereby reducing concentration risk. Maintain a low turnover in share trading by employing a downside protection strategy.
(As of November 2024)
| Top 10 Current Holdings | 2024-12-13 |
|---|---|
| Fortescue Ltd | 11.76 |
| Woodside Energy Group Ltd | 6.23 |
| New Hope Corporation Ltd | 5.88 |
| Wam Capital Ltd | 5.61 |
| Bank Of Queensland Ltd. | 5.31 |
| Australia and New Zealand Banking Group Ltd | 5.28 |
| Yancoal Australia Ltd | 4.23 |
| Whitehaven Coal Ltd | 3.79 |
| Metcash Ltd | 3.58 |
| BHP Group Limited | 3.19 |
(As of November 2024)