Investment Objective & StrategyThe Affluence LIC Fund is a limited capacity strategy that provides access to a diversified portfolio of 20 to 35 ASX Listed Investment Companies (LICs). The Fund is currently closed to new investors. Existing investors may add to their investment. If you wish to be notified if the Fund reopens to new investors in the future, you can do so by emailing us, or send us a message. To invest in the Affluence LIC Fund, you must qualify as an Eligible Investor. If you do not qualify, you can access the LIC Fund, plus many other great managers, through the Affluence Investment Fund. The Affluence LIC Fund aims to outperform the ASX 200 Accumulation Index with volatility of returns which is significantly less than the ASX 200 Index measured over rolling 3 year periods. The Fund also aims to pay a minimum distribution yield of 5% per annum, paid quarterly. The Fund invests in LICs using the following strategies:
- Alpha Generators – LICs that can outperform the market.
- Discount Capture – trading discounts to NTA.
- Event Driven – special situations such as IPO’s and other events.
The Affluence LIC Fund’s Key Features
Diverse Investment PortfolioThe Fund is likely to hold 20-35 investments at any given time, but may hold more or less than this.
Three Ways to Add ValueThe Fund aims to hold LICs that can outperform the market, buy at discounts to NTA and participate in event-driven opportunities.
Monthly Applications and WithdrawalsApplications (for existing investors) and Withdrawals are processed monthly.
Minimum Initial InvestmentEligible Investors can invest as little as $20,000. Start with a smaller amount and grow your investment over time.
Minimum Additional InvestmentYou can add to your investment from as little as $1,000.
Distribution ReinvestmentQuarterly distributions can be reinvested to compound the returns on your investment.
We Get Paid to PerformAffluence charge no fixed fee, simply a performance fee equivalent to 12.5% of positive total returns delivered.
Regular Fund ReportingReports detailing the Fund’s performance, strategy and portfolio are provided monthly.
Fund Performance - Affluence LIC Fund
|2016||N / A||N / A||N / A||N / A||1.0%||0.1%||4.9%||1.1%||1.4%||0.5%||1.6%||1.5%||12.6%|
|Strongest Return||Positive Return||Stable Return||Negative Return||Weakest Return|
Fund Performance - Affluence LIC Fund
|To 28 February 2018||1 month||6 months||1 year||Inception||Volatility|
|Affluence LIC Fund||(0.1%)||7.4%||10.7%||13.1%||4.3%|
|ASX 200 Accumulation Index||0.4%||7.5%||10.1%||12.6%||8.1%|
|Outperformance against ASX 200||(0.5%)||(0.1%)||0.6%||0.5%||N/A|
Information MemorandumDownload, read and ensure you understand the Information Memorandum before investing in the Affluence LIC Fund. DOWNLOAD IM
Fund PortfolioTake a look at the largest holdings in the Affluence LIC Fund, including portfolio weighting and commentary. Affluence Members Only. VIEW PORTFOLIO
Latest Fund ReportDownload latest report, including market commentary & information on the Affluence LIC Fund performance. VIEW REPORT To view past reports, click here.
Fund PresentationDownload the latest presentation for information on our investing approach and how we select the best investments. PRESENTATION
Investor FormsDownload forms for additional investments, withdrawals, change of investment details, etc. INVESTOR FORMS
Affluence LIC Fund News & Updates
Keep up to date with the changes to the Fund’s portfolio, fundamentals and performance.
How To Invest In The Affluence LIC FundStep 1: The Information Memorandum Before making any decision to invest, you should read and understand the Fund’s Information Memorandum (IM) and you should 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. The Fund is currently closed to new investors. Existing investors may add to their investment. If you wish to be notified if the Fund reopens to new investors in the future, you can do so by emailing us, or send us a message. Offers to invest in ALF will only be available to persons who qualify as Eligible Investors. Affluence will not issue units in ALF to a person unless it is satisfied the person is an Eligible Investor. If you do not qualify as an Eligible Investor, you can access the LIC Fund, plus many other great managers, through the Affluence Investment Fund. You can download the IM and Application Pack by clicking the button below. Download IM
Step 2: Make an applicationApplications for New Investors are only accepted periodically. Existing Investors can add to their investment monthly. The cut-off for applications is the last business day of each month. Completed applications received by this date are processed as at the 1st of the next month. To invest in the Affluence LIC Fund you must complete an application form. If you have not invested with Affluence previously, you will also need to complete identification forms and provide acceptable proof of identity documents. All investors must also complete an Eligible Investor form. Investors can complete the relevant application form attached to the Information Memorandum, or apply online through our registry provider Boardroom. Click on the button below to apply online. APPLY ONLINE BOARDROOM Step 3: Provide documents and make payment Send the application documents (including any required identification documents and eligible investor forms) to the Fund registrar for processing and 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 within 10 days after the end of the month in which your application is accepted.