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| Fund Name | |
| Strategy | |
| Latest Return Date | |
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| Latest 6 Months | |
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| Latest 24 Months (pa) | |
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| Fund Overview | Insync employs four simple screens to narrow the universe of over 40,000 listed companies globally to a focus group of high-quality companies that it believes have the potential to consistently grow their profits and dividends. These screens are: size of the company, balance sheet performance, valuation and dividend quality. Companies that pass this due diligence process are then valued using dividend discount models, free cash flow yield and proprietary implied growth and expected return models. The end result is a high conviction portfolio typically of 15-30 stocks. The principal investments will be in shares of companies listed on international stock exchanges (including the US, Europe and Asia). The Fund may also hold cash, derivatives (for example futures, options and swaps), currency contracts, American Depository Receipts and Global Depository Receipts. The Fund may also invest in various types of international pooled investment vehicles. |
| Manager Comments | The Fund returned -1.70% in September and +4.76% over the quarter. Positive contributors included Apple, London Stock Exchange, Adidas and Bristol-Myer Squibb. Detractors included S&P Global, The Walt Disney Co, Visa and Intuit. The Fund continues to have no currency hedging in place as Insync consider the main risk to the Australian dollar to be on the downside. Insync believe currency market conditions continue to reflect the trend in place since the GFC of low growth and low inflation. They noted that, if this trend continues over the medium to long-term, they expect their portfolio of high ROIC stocks benefitting from global megatrends to outperform as these companies are less dependent on the global economy to generate consistent profitable growth. |
| More Information |
