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Affluence LIC Fund

Affluence LIC Fund Report September 2017

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To view the Affluence LIC Fund Report September 2017 in pdf format, click here.

The Affluence LIC Fund provides access to a diversified investment portfolio of ASX Listed Investment Companies (LICs) selected by Affluence. We aim to outperform the ASX200 Accumulation Index over rolling 3 year periods, with less volatility than the stock market. The Fund provides exposure to a broad range of underlying investment styles, investment strategies, and geographies.

The Affluence LIC Fund increased by 0.7% in September. In comparison the ASX 200 Index was flat, and the ASX Listed Investment Company Index was up 0.1% for the month. Returns since inception for the Fund are 12.1% per annum, compared to the ASX 200 Index of 10.7% per annum.

We declared a distribution of 1.375 cents per unit for the September quarter, which will be paid on 10 of October. This represents an annualised distribution of 5.5 cents per unit, a 5.0% cash yield on the current unit price.

At the end of September, the Fund held investments in 29 Listed Investment Companies representing 80% of the Fund. The Fund also held 19% in cash, and some LIC options which can provide potential upside if markets rally strongly from here.

The Fund is currently closed to new investors. Existing investors can add to their investment or withdraw from the Fund monthly. If you are interested in investing in the Affluence LIC Fund, and you qualify as a Wholesale or Sophisticated investor, please let us know and we will place you on the waiting list when we open it again in the future. If you do not qualify as a Wholesale or Sophisticated investor, you can still gain access through our Affluence Investment Fund, which currently invests around 17% of its portfolio in the Affluence LIC Fund.

Visit the Affluence LIC Fund page to learn more.

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