Affluence
Investment Fund
Unit Prices
As at 31 Oct 23
| Buy Price | $1.1002 |
| NAV Price | $1.0975 |
| Sell Price | $1.0948 |
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 Oct 2023 | 3 months | 1 year | 3 years | 5 years | 7 years | Inception | Volatility |
|---|---|---|---|---|---|---|---|
| Income Distributions | 1.3% | 5.4% | 5.9% | 6.1% | 6.3% | 6.4% | |
| Capital Growth | (2.1%) | 0.1% | 1.7% | 0.8% | 0.4% | 1.1% | |
| Total Return | (0.8%) | 5.5% | 7.6% | 6.9% | 6.7% | 7.5% | 5.6% |
| Benchmark – Inflation + 5% | 2.5% | 10.5% | 10.6% | 8.9% | 8.4% | 8.0% | |
| Outperformance against Benchmark | (3.3%) | (5.0%) | (3.0%) | (2.0%) | (1.7%) | (0.5%) |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2014 | 1.7% | ||||||||||||
| 2015 | 0.3% | 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% |
| 2017 | 0.3% | 1.2% | 0.6% | 0.5% | 0.1% | 1.1% | 0.7% | 0.1% | 1.1% | 2.5% | 1.6% | 1.3% | 11.6% |
| 2018 | 0.1% | (0.6%) | 0.0% | 0.5% | 0.8% | 0.5% | 0.9% | 0.8% | 0.1% | (3.1%) | (1.0%) | (1.0%) | (2.0%) |
| 2019 | 1.4% | 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% |
| 2021 | 0.0% | 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%) |
| 2023 | 1.3% | 0.1% | 0.2% | 1.1% | (1.1%) | 0.5% | 1.4% | 0.5% | (0.2%) | (1.0%) | 2.7% |
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. Past performance is not indicative of future performance.
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.
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.
Investor Forms
Application documents for our Funds and forms for additional investments, change of details and withdrawals.
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.
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.
Affluence Investment Fund 2023 Annual Report
The Affluence Investment Fund 2023 Annual Report is available here.
2023 Financial Year Information
Below is the June 2023 financial year distribution and tax information for each of our funds. The end of the financial year is a busy time for us. In addition to determining and paying the final year-end distribution for each fund, …
Affluence Investment Fund RG240 Report
The Affluence Investment Fund RG240 report is now available. All statistics and amounts in this report are as at 31 March 2023 unless stated otherwise. The Australian Securities & Investment Commission issued Regulatory Guide 240 in October 2013. This guide sets …
Frequently Asked Questions
Have any questions about the Affluence Investment Fund?