Affluence
Investment Fund

Unit Prices

As at 31 May 24

Buy Price$1.1464
NAV Price$1.1435
Sell Price$1.1406

View price, distribution and tax history

Investment Objective & Strategy

The Affluence Investment Fund aims to provide you with the following:

  • A minimum distribution yield of 5% per annum, paid monthly.
  • A total annualised return (distributions plus increase in unit price) of at least inflation plus 5% over rolling 3 year periods.
  • Access to a diversified portfolio of underlying investments.
  • Volatility of returns which is less than half of the ASX200 Index, measured over rolling 3 year periods.

The Fund aims to achieve this by investing with 20 to 35 quality investment managers across all asset classes, predominantly through unlisted managed funds. We invest with them in a way which we believe balances maximum returns with low volatility.

The Affluence Investment Fund’s Key Features

Diverse Investment Portfolio

The Fund is likely to hold 20-35 investments at any given time, but may hold more or less than this.

Minimum Initial Investment

Investors can invest as little as $20,000. Start with a smaller amount and grow your investment over time.

Minimum Additional Investment

You can add to your investment from as little as $1,000.

Monthly Applications and Withdrawals

Applications and Withdrawals are processed monthly. Your application funds are held in a trust account while awaiting processing.

Monthly Distributions

Distributions to Investors are generally paid on a monthly basis, around 10 days after the end of each month.

Distribution Reinvestment

Distributions can be reinvested to compound the returns on your investment.

We Get Paid To Perform

Affluence charge no fixed fee, simply a performance fee equivalent to 12.5% of positive total returns delivered. Other expenses of the fund are as disclosed in the PDS.

Regular Fund Reporting

Reports detailing the Fund’s performance, strategy and portfolio are provided at the end of each month.

Affluence Investment Fund Performance

To 31 May 20243 months1 year3 years5 years7 yearsInceptionVolatility
Income Distributions1.4%5.7%5.9%6.2%6.3%6.4%
Capital Growth2.0%3.1%0.6%1.8%0.9%1.4%
Affluence Investment Fund Total Return3.4%8.8%5.6%8.0%7.2%7.8%5.5%
Vanguard Balance Index Fund0.7%8.8%2.1%4.6%5.1%5.6%
Benchmark – Inflation + 5%2.1%6.9%10.6%9.1%8.5%8.0%

Performance is calculated using NAV unit prices, net of fees and costs (excluding buy sell spread) and assumes distributions are reinvested. Returns of more than one year are annualised. The Fund aims to pay distributions monthly. Inception date is 28 November 2014. Past performance is not indicative of future performance.

JanFebMarAprMayJunJulAugSepOctNovDecYear
20141.7%
20150.3%0.4%1.1%0.6%0.9%(0.1%)1.0%(0.5%)2.5%0.8%(0.6%)1.7%8.4%
2016(0.7%)(0.2%)1.2%1.9%1.9%0.7%3.0%1.1%0.6%(0.4%)0.2%1.1%10.7%
20170.3%1.2%0.6%0.5%0.1%1.1%0.7%0.1%1.1%2.5%1.6%1.3%11.6%
20180.1%(0.6%)0.0%0.5%0.8%0.5%0.9%0.8%0.1%(3.1%)(1.0%)(1.0%)(2.0%)
20191.4%1.6%0.4%1.5%(0.6%)0.8%2.4%(0.3%)1.4%0.5%1.4%1.1%12.3%
2020(0.2%)(2.7%)(8.7%)4.4%4.1%(0.4%)2.2%2.3%0.3%1.2%5.9%1.8%9.8%
20210.0%0.6%0.9%2.2%1.9%2.7%0.2%1.2%1.2%0.8%0.0%1.0%13.2%
2022(1.0%)(1.6%)0.4%0.1%(1.0%)(2.9%)2.2%0.8%(2.1%)2.2%3.1%(0.3%)(0.6%)
20231.3%0.1%0.2%1.1%(1.1%)0.5%1.4%0.5%(0.2%)(1.0%)1.4%2.2% 6.4%
20240.5%(0.1%)2.2%0.6%0.6%3.8%

Performance is calculated using NAV unit prices, net of fees and costs (excluding the buy sell spread) and assumes distributions are reinvested. Past performance is not indicative of future performance.

Fund Performance in Falling Markets

The graph below shows the 10 largest monthly falls in the ASX200 Accumulation Index since the Fund commenced, and the performance of the Fund for that same month. The Fund has outperformed the Index in all 10 of the worst months.

Risk Disclosure

As with all investments, the Fund is subject to risks. If these risks eventuate, they may result in a reduction in the value of your investment in the Fund and/or a reduction or cessation of distributions. Distributions are not guaranteed, nor is the return of your capital. Past performance is not indicative of future performance.

It is important that you know that the value of your investment will go up and down over time, the Fund’s returns will vary over time, future returns may differ from past returns, and returns are not guaranteed. All of this means that there is always the chance that you could lose money on your investment.

As set out in the product disclosure statement dated 30 September 2022 (PDS), key risks include concentration risk, economic and market risk, legal and regulatory risk, manager and key person risk, liquidity risk, leverage risk and currency risk. AFM aims, where possible, to actively manage risks. However, some risks are outside our control.

Fund Documents

Fund Portfolio
Take a look at the largest holdings in the Fund, including portfolio weighting and commentary. Affluence Members Only.

View Portfolio

Latest Fund Report
Download the latest report, including market commentary & information on the Affluence Investment Fund performance.

Affluence Presentation
Download the latest presentation to learn about Affluence, how we invest, Fund portfolios and performance.

View Presentation

Investor Forms
Application documents for our Funds and forms for additional investments, change of details and withdrawals.

Investor Forms

How To Invest In The
Affluence Investment Fund

1

Read the PDS


Before making any decision to invest, you should read and understand the Fund’s Product Disclosure Statement (PDS). You should also read the Target Market Determination (TMD) and ensure the Fund is appropriate for your personal circumstances and financial objectives. You may wish to consult with your financial or other advisor in making this assessment.

You can download the PDS and TMD, invest online or download paper application forms by clicking the Invest Now button below.

2

Make an
application


Applications are accepted monthly. The cut-off for applications is the 25th of each month, or the last business day before that date if the 25th is not a business day. Completed applications received by this date are processed as at the 1st of the next month.

To invest in the Fund, you must complete an application form. If you have not invested with Affluence previously, you will also need to provide identification information and answer some questions which we will use to assess whether you are in the target market for the Fund. We may seek further information from you and reserve the right to reject an application if we consider you are not within the target market.

Investors can complete the relevant application form attached to the PDS or apply securely online through our registry services provider Registry Direct. Applying online can be significantly easier and faster than paper-based applications and provides the option to verify or upload your identification information online, reducing the need to provide certified copies of documents.

See More

3

Provide documents
and make payment


Complete an online application or send the paper application documents (including any required Identification Documents) to us for processing.

Make payment of the application amount. Payments can be made via cheque or electronic transfer.

You will receive an acknowledgement as soon as possible after the Fund registrar receives your application documents and funds. You will receive your investment confirmation once the application has been processed. This normally occurs 7 – 10 days after the end of the month in which your application is accepted.

Affluence Investment Fund Updates

Keep up to date with the changes to the Fund’s portfolio, fundamentals and performance.

View previous Fund News & Updates

Frequently Asked Questions

What is the minimum investment amount?
The minimum initial investment amount is $20,000. You can add additional amounts later from as little as $1,000. Applications are processed monthly. Application funds awaiting processing are held in a trust account.
Can I withdraw my investment at any time?
You can lodge a withdrawal request form at any time. Withdrawals are generally processed monthly and paid out within 10 business days after the end of the month, although we reserve the right to process these less frequently in exceptional circumstances.
Does the Fund target a certain level of distributions
The Fund aims to provide you with a minimum distribution yield of 5% per annum, paid monthly. Generally, distributions will consist of a share of the income and franking credits the Fund receives during the year from its investments, plus any taxable capital gains from sales of investments, less costs (including our performance fees). Distribution rates are smoothed to ensure consistency but are based on our assessment of the expected earnings of the Fund’s investment portfolio over rolling 3 year periods.
When do distributions get paid?
Distributions are generally paid 10 days after the end of each month. Distributions are paid to your nominated bank account or can be reinvested if you wish.
Are distributions franked?
Partly. The Fund distributes all franking credits received from investments to investors at the end of the tax year. Franking credits are usually distributed in proportion to distributions paid during the year. So, if you were only an investor for part of the year, you will receive a lower proportion of franking credits than if you were invested for the full year. See here for the full distribution and franking history of the Fund.
What information will you send me after I invest?
You will receive a monthly report outlining the Fund portfolio and performance, monthly distribution advices, annual investment statements, and an annual tax statement with details of the amounts to be included in your tax return.
What fees and costs will I pay?
Affluence does not charge any fixed fee for managing the Fund. Instead, we charge a performance fee of 12.5% of the Fund’s positive returns (after recovering any previous negative performance). Affluence also recovers certain costs from the Fund. These cost recoveries are generally capped at 0.25% of the net assets of the Fund per annum. Other costs are also payable. These fees and costs are not paid by you directly but are paid out of the assets of the Fund. All Fund performance numbers shown are after allowance for these fees and costs. You may also pay fees to a financial advisor or investment platform operator if you invest through them. These fees are not paid to Affluence or the Fund. Please refer to the PDS for more information about fees and costs.

Have any questions about the Affluence Investment Fund?

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