Australian Equities Option
The Australian Equities Option’s Objective
This investment option offers investors an high-conviction portfolio of S&P/ASX companies with strong growth prospects and acceptable risk, paying modest dividends. 1
Investment Option's Features
- Active pool of income producing assets;
- Daily unit pricing;
- Access a regular investment plan and/or compounding reinvested distributions;
- Investment specialist(s);
- Some dividend income, and
- Competitive fees.
Investors should be seeking a medium level of capital security, the portfolio objective is to provide market leading returns over the medium to long-term from a concentrated portfolio of Australian shares. This option’s portfolio aims to deliver a pre-fee investment return (before taxes) that outperforms the S&P/ASX200 Accumulation Index over a rolling three year period by 3% per annum.1
Investment timeframe
Investors may make an investment for a timeframe that suits them subject to the terms of our PDS.
This investment option intends to invest in the following asset allocations:
| Asset Classes^ | Minimum | Maximum | Target |
| Securities | 0% | 95% | 95% |
| Cash and equivalents | 5% | 100% | 5% |
| Derivatives (hedging only) | 0% | 0% | 0% |
Investment Approach
Millinium will apply an absolute return approach for this investment option and will seek opportunities for higher investment returns through combining a top-down thematic approach with bottom-up stock selection, targeting stocks which have a track record of strong earnings growth or are perceived by Millinium to have strong growth potential. Millinium constructs a concentrated Australian equities portfolio with high conviction and flexibility, and focuses on stocks that offer potential for growth. Millinium will not own a stock simply because it is in an index. Millinium’s investment approach focuses on share price performance and consistent earnings growth in the underlying companies. Financial derivatives such as swaps, options, and futures are not generally used, but may be employed to enable the portfolio's risk/return profile to be adjusted quickly in order to take advantage of prevailing market conditions.
Key features of this investment option for investors:
| APIR Code | EXP0007AU |
| Morningstar ticker code | 17009 |
| Investor Type | All investors |
| Minimum Initial Investment | $15,000 (in one or more investment options) |
| Minimum Additional Investment | No minimum |
| Minimum Ongoing Balance | $5,000 |
| Minimum Redemption | $2,000 (subject to maintaining the Minimum Ongoing Balance) |
| Investment Timeframe | 3 to 5 years |
| Distribution Frequency | Quarterly |
| Regular Investment Plan | Yes |
| Distribution Reinvestment Plan | Yes |
| Management Fee^^ | 0.75% p.a. of portfolio’s net assets payable monthly in arrears. |
| Buy/sell Spread | +/- of up to 0.30% |
| Expense Recovery Fee* | 0.10% (estimate) |
| Unit Price# | Daily |
| Withdrawal Timing | Quarterly |
| Unit Class | E1 |
Disclaimer: © Millinium's Multi-Strategy Fund ARSN 125 878 015 (“Fund”) is issued by Millinium Capital Managers Limited, ABN 32 111 283 357, AFSL No. 284336 (“Millinium”). This document does not constitute personal advice. Investors should consider obtaining professional advice as to whether this financial product suits their objectives, financial situation or needs. Investing in the Fund or its investment options can only be made by completing an application form attached to a current Product Disclosure Statement (“PDS”), and submitting it to our Sydney office. Investors should consider the PDS before investing and speak to their Financial Planner. ^This investment option’s target allocation is a target only and may change. The asset allocation may be more or less than the target allocation in the Fund's PDS. ^^Management Fees and expenses are deducted from the sub trust for each investment option of the Fund. *This is an estimate based on subscriptions but costs could be higher. # The unit price is subject to adjustment. Please see the section "Unit pricing and the value of your investment" in the PDS. Returns are not guaranteed. Any past performance information or up to date returns posted on the website at www.millinium.com.au under the "Product Performance" tab, should not be taken as a reliable guide to future performance of the Fund or this investment option. Please note that returns are rolled up into the unit prices calculated for each unit class/investment option of the Fund. Please refer to the Terms of Use on our website for full details of use and our disclaimers. This document may be amended, withdrawn or replaced without notice. Please see the PDS for full details on the Fund from our website at www.millinium.com.au or speak to Investor Services on 02 8012-8650 to obtain a copy of the PDS. 1. This investment option’s investment objective is expressed before the deduction of management fees, expense recoveries and taxation, i.e. performance is measured relative to the investment option’s benchmark before fees and costs and taxes are deducted. Please see pages for details on fees and costs and details on taxation in the PDS. This investment option’s investment objective is not intended to be a forecast. It is only an indication of what the investment strategy aims to achieve over the medium term, assuming financial markets remain relatively stable during that time. This investment option may not achieve its investment objective. Returns are not guaranteed.