The Alvia High Conviction Fund was born out of ongoing requests for an investment management offering which required an investment minimum much lower than that typically required to access multi-Family Office investment expertise and investment ideas.
This Fund provides exposure to a portfolio of the investment team’s best ideas across all asset classes, sectors, and geographies. To ensure a high degree of alignment, the Alvia investment team invests in the Fund alongside our clients.
Alvia’s long-term, capital preservation-first approach extends to this product. Our focus remains solely on achieving sustainable, long-term absolute returns, rather than returns relative to a benchmark.
The Fund’s investment process is founded on the underlying principle that good investing requires a solid temperament as much as strong analysis.
Investing is principled upon long-term compounding of returns and not short-term speculative price forecasts. All of the Fund’s investments are subject to a rigorous five step review process, consistent with the approach used across Alvia’s five asset class model portfolios.
The below table includes the key Fund information, with further information available in the Fund’s information memorandum (IM), which is available at the link below. You should read the IM carefully and assess whether an investment in the Fund is appropriate for you in respect of your objectives, financial situation and needs.
|Structure||Open-ended, single class, unregistered managed investment scheme structured as a unitised trust (wholesale investors only)|
|Investment Mandate||Unconstrained, incorporating listed securities, managed funds and private companies; Long and short positions|
|Investment Timeframe||The fund is suited to investors with a medium to long-term investment horizon|
|Pricing Frequency||Monthly (weekly applications and monthly redemptions)|
|Pricing Currency||Australian dollar (unhedged)|
|Minimum Investment||$50,000 (please refer to IM for additional investment options)|
|Absolute Return Target||8-12% p.a.|
|Absolute Return Benchmark||6% p.a.|
|Fees (excl. GST)||Management fee: 0.90% p.a.; Performance fee: 15% p.a. of any outperformance of the Absolute Return Benchmark|
|Investment description||Asset classes||Weight|
|Long-term Compounders||Listed and over-the-counter (OTC) equities||28%|
|Asset Value Plays||Listed and OTC property, infrastructure and equities||19%|
|Cyclical Opportunities||Listed and OTC equities||12%|
|Income Buttresses||Listed and OTC property, infrastructure and equities||14%|
|Portfolio Hedges||Commodities (listed and OTC) and cash||12%|
|Unlisted Co-investments||Unlisted securities||10%|