The Airlie Concentrated Share Fund

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Fund Overview

The Fund will actively invest in Australian equities and will look to build portfolios based on individual company analysis. Only investments in Australian listed securities will be considered. In building the investment portfolio, the Fund will seek out companies with strong balance sheets, able management, and durable businesses. Up to 50% of the Fund’s assets may be held in cash.

Investment objective

The Fund's investment objective is to outperform the S&P/ASX 300 Accumulation Index over rolling three-year periods.

Fund Facts

Portfolio manager
John Sevior
John Sevior
Typical number of holdings
8 to 20
Maximum Cash level
50%
Inception date
6 November 2012
Benchmark
S&P/ASX 300 Accumulation Index
Minimum investment
$500,000
Minimum additional investment
$50,000
John Sevior

John Sevior

Portfolio Manager

John has more than twenty years’ experience in managing funds on behalf of individuals, superannuation funds, public institutions and charitable organisations. John’s most recent experience was as Head of Equities at Perpetual Investments from 2002 to July 2011.

Unit Prices

  
Date Entry Exit
27/02/2020 1.1253 1.1219
26/02/2020 1.1357 1.1323
25/02/2020 1.1487 1.1453
24/02/2020 1.1585 1.1551
21/02/2020 1.1743 1.1707
20/02/2020 1.1762 1.1726
19/02/2020 1.1701 1.1665
18/02/2020 1.1685 1.1650
17/02/2020 1.1683 1.1648
14/02/2020 1.1698 1.1662
13/02/2020 1.1658 1.1624
12/02/2020 1.1608 1.1574
11/02/2020 1.1552 1.1518
10/02/2020 1.1532 1.1498
07/02/2020 1.1569 1.1535
06/02/2020 1.1617 1.1583
05/02/2020 1.1523 1.1489
04/02/2020 1.1484 1.1450
03/02/2020 1.1458 1.1424
31/01/2020 1.1575 1.1541
30/01/2020 1.1584 1.1550
29/01/2020 1.1571 1.1537
28/01/2020 1.1510 1.1476
24/01/2020 1.1650 1.1616
23/01/2020 1.1659 1.1625
22/01/2020 1.1692 1.1656
21/01/2020 1.1636 1.1602
20/01/2020 1.1655 1.1621
17/01/2020 1.1639 1.1605
16/01/2020 1.1625 1.1591
15/01/2020 1.1576 1.1542
14/01/2020 1.1552 1.1518
13/01/2020 1.1492 1.1458
10/01/2020 1.1519 1.1485
09/01/2020 1.1474 1.1440
08/01/2020 1.1422 1.1388
07/01/2020 1.1435 1.1401
06/01/2020 1.1347 1.1313
03/01/2020 1.1351 1.1317
02/01/2020 1.1318 1.1284
31/12/2019 (ex) 1.1310 1.1276
31/12/2019 1.1610 1.1576
30/12/2019 1.1709 1.1673
27/12/2019 1.1725 1.1689
24/12/2019 1.1689 1.1653
23/12/2019 1.1692 1.1656
20/12/2019 1.1728 1.1692
19/12/2019 1.1735 1.1699
18/12/2019 1.1758 1.1722
17/12/2019 1.1775 1.1739
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Invest With Us

The Airlie Concentrated Share Fund

We would like to advise that The Airlie Concentrated Share Fund is closed to new investors. 

If you would like to make any changes to your account please send your request directly to the Unit Registry:

Email:
airlie@mainstreamgroup.com
Postal Address:
GPO Box 143
Sydney, NSW 2001
Fax:
+61 2 9247 2822

Additional information and forms

Continuous Disclosure

A unit pricing error has been identified in The Airlie Concentrated Share Fund (the “Fund”). The error is the result of management and trustee fees (the “fees”) not being calculated and charged to the Fund in accordance with the Fund’s Constitution.

Magellan Asset Management Limited (“Magellan”), Responsible Entity to the Fund, has assessed the amount of compensation owed to all investors in the Fund. Compensation was assessed as payable to investors (relative to their holdings in the Fund) if actual fees paid by the Fund each month were greater than the fees that should have been charged.

All existing investors that were adversely impacted by the error have been compensated by Magellan by way of additional units in the Fund. The compensation to exited unit holders (who were adversely affected by $20 or more) has been funded by Magellan and includes an allowance for the time value of money. Magellan has sent written communication about the error to all investors that were adversely impacted.

FAQs

Via email within 3 business days after the administrator has received your correctly completed Additional Investment Form and application money.  

An application is not complete until both cleared application money and a completed Additional Investment Form are received. If your correctly completed Additional Investment Form is received by 2pm on a business day in NSW and your application money is received as cleared funds by the close of business on that same day, your investment will receive the unit price calculated as at the close of business on that day.

During distribution periods (usually January/July) receipt of your confirmation statement may be delayed by 10-15 business days.

Additional application/redemption transaction confirmation - Via email, within 3 business days of the transaction being processed. During distribution periods (usually January / July) receipt of your confirmation statement may be delayed by 10 - 15 business days.

Monthly statement - Month-end holdings statements are sent via email within 10 business days of the end of month.

Distribution statement - Confirmation of the amount of distribution payable to your account, either in cash to your bank account or in the form of additional units reinvested to your account. Sent via email within 10-15 business days after each distribution.

Annual transaction statement - A list of all transactions on your account for the past financial year. Sent via email each July.

Tax statement - Sent in July each year via email.

Monthly Fund fact sheet - Sent via email, 12 business days after month end.

Daily unit prices - are available by 7pm daily on the website.  During distribution periods (usually January / July) calculation of daily unit prices may be delayed by 10 - 15 business days.

Mainstream Fund Services can accept your Additional Application Form via email, fax, or mail.

Any queries regarding your account should be sent to Mainstream Fund Services - airlie@mainstreamgroup.com or 1300 127 780.

Any instructions, such as applications/redemptions/changes of details should be sent directly to Mainstream Fund Services.

Email: 
airlie@mainstreamgroup.com
Fax:
+61 2 9247 2822
Mail:
Mainstream Fund Services - Unit Registry
GPO Box 143
Sydney NSW 2001
 

If you require assistance, please contact Mainstream Fund Services on 1300 127 780 or +61 2 8259 8566 (international) or 0800 787 621 (NZ).

 

Send a written instruction signed by the authorised signatory/signatories on the account. Please email, fax or mail the instruction directly to Mainstream Fund Services.  

Send your original written instructions signed by the authorised signatory/signatories on the account. You must include the following details on your instructions: 

  • Full name of your authorised representative 
  • Original specimen signature of the authorised representative you are appointing
  • Original certified identification of the authorised representative you are appointing 

Please mail the instruction directly to Mainstream Fund Services. As the originals need to be sighted for AML purposes, these cannot be faxed or emailed.

Please download the form here and please email, fax or post the instruction directly to Mainstream Fund Services.

 

Please download the form here and please email, fax or post the instruction directly to Mainstream Fund Services.

Please download the form here,or you may send a brief letter to Mainstream Fund Services stating you would like to make a redemption from your Airlie investment, and include the following details: 

  • Fund Name
  • Your Account Name and Number
  • Amount you wish to redeem - you must stipulate either the dollar amount of the redemption or the number of units to redeem. We will not accept redemption requests that ask us to calculate the redemption amount so that you retain a specific amount as a balance.
  • If you are redeeming in full please write “Full Redemption” or check the appropriate box on the form.
  • The instruction must be signed by the authorised signatory/signatories on the account.

Please email, fax or post the instruction directly to Mainstream Fund Services.

Note: The minimum redemption amount is $50,000.  We may require you to make a full redemption if you do not continue to meet the minimum holding amount for the fund ($400,000).