Investing Differently

The Affluence Investment Fund is built on a philosophy of doing things differently.

  • We aim to invest with the best investment managers in Australia. They are usually boutique fund managers who are often unknown by the greater investing community.
  • We aim to pay monthly distributions. We understand that regular income is very important to many investors, and target a distribution yield of 5% per annum.
  • We don’t charge any fixed management fees. Just a performance fee. 12.5% of positive returns. Any negative performance must be recovered first.
  • We use some alternative strategies. Alternative strategies can perform much better in falling markets, which can help to limit falls and smooth returns over time.

We are Highly Rated

The Affluence Investment Fund has achieved a 5 Star Morningstar Rating Overall and a 5 Star Morningstar Rating for 5 Years.

The rating is based on the historical risk-adjusted performance for the Fund.

We have Met our Fund Objectives

Fund ObjectiveAchievedAs at 28 February 2021
Minimum distribution yield of 5% per annum, paid monthlyThe Fund currently distributes 5.52 cents per unit per annum, paid monthly. This is equivalent to 5.0% on the current unit price.
Total annualised return of at least inflation plus 5%Since inception in December 2014, the Fund has returned 8.4% pa compared to the return target 6.8% pa.
Access to a diversified portfolioThe Fund provides exposure to over 20 unlisted funds and more than 20 LIC's.
Deliver volatility of returns which is less than 50% of the ASX 200Since inception in December 2014, the Fund had volatility of returns of 6.0% compared to the ASX 200 of 14.6%.

Performance has been Strong

Affluence Investment Fund Performance

To 31 May 20221 month1 year3 years5 years7 yearsInceptionVolatility
Income Distributions0.5%5.8%6.5%6.5%6.3%6.5%
Capital Growth(1.5%)(2.1%)2.5%1.0%1.7%1.7%
Total Return(1.0%)3.7%9.0%7.5%8.0%8.2%5.7%
Benchmark - Inflation + 5%0.7%10.5%8.1%7.6%7.4%7.3%
Outperformance against Benchmark(1.7%)(6.8%)0.9%(0.1%)0.6%0.9%
* Total returns are net of fees and costs (excluding buy-sell spread) using the mid-prices and assume the reinvestment of distributions. Returns of more than 1 year are annualised. Inception date is 28 November 2014. The Fund aims to pay distributions of approximately 5% pa paid monthly. At times distributions may be paid above or below this.

Fund Performance has exceeded the Benchmark

Return on $100,000 Investment

We have Outperformed in Negative Share Market Periods

The graph below shows the performance of Affluence Investment Fund in the ten worst months for the ASX200 Index since the Fund began. The Fund has performed better than the ASX200 Index in all ten worst months, and delivered positive returns in four of them.

We have Outperformed Similar Funds

Performance Comparison
To 31 December 2021APIR3 years5 yearsVolatility (3 year)
Affluence Investment FundAFX0001AU11.8%8.8%7.8%
PineBridge Global DynamicPER0731AU9.8%6.5%10.1%
MLC WS Inflation Plus - AssertiveMLC0667AU8.9%6.5%5.8%
Perpetual Diversified Real Return WPER0556AU6.4%5.2%3.6%
Russell Inv Multi-Asset Growth Strat ARIM0098AU7.5%5.0%7.8%
AMP Capital Multi-Asset AAMP1685AU6.4%4.5%7.4%
Schroder Real Return CPI+5%SCH0047AU6.0%4.4%4.3%
MLC WS Inflation Plus - ModerateMLC0920AU5.6%4.2%3.4%
Fulcrum Div Absolute Return FundETL0424AU6.7%3.9%6.2%
MLC WS Inflation Plus - ConservativeMLC0921AU4.0%3.3%2.4%
Pendal Multi-Asset Target ReturnPDL3383AU1.0%-5.5%

In the table above we have compared the Affluence Investment Fund against the ten largest funds in its Morningstar category, Multisector Flexible. The Affluence Investment Fund is currently ranked 2 out of 57 funds over 3 years, and 2 out of 52 funds over 5 years in its Morningstar category.

Volatility refers to the historical standard deviation of returns. A lower number is considered better as it represents more consistent, stable returns.

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 managed funds 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 14 March 2017 (“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.

Learn more about the Affluence Investment Fund Learn More
The Morningstar Rating™ is an assessment of a fund’s past performance – based on both return and risk – which shows how similar investments compare with their competitors. A high rating alone is insufficient basis for an investment decision. © 2018 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘class service’ have been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (FSG) for more information at You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser.

(c) 2018 FE. All Rights Reserved. The information, data, analyses, and opinions contained herein (1) include the proprietary information of FE, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by FE, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, and (5) are not warranted to be correct, complete, or accurate. FE shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, this information, data, analyses, or opinions or their use. FE does not guarantee that a fund will perform in line with its FE Crown Fund Rating as it is a reflection of past performance only. Likewise, the FE Crown Fund Rating should not be seen as any sort of guarantee or assessment of the creditworthiness of a fund or of its underlying securities and should not be used as the sole basis for making any investment decision.


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