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Pella Global Generations Fund

Introduction

The Pella Global Generations Fund is managed for AUD-returns. It is a portfolio of 30-50 highly cash flow generative businesses that are growing, attractively valued with fortress balance sheets and outstanding Environmental, Social and Governance ("ESG") credentials. 

Investment Objectives

Aims to sustainably and consistently deliver greater AUD returns, lower volatility, and superior ESG to the Benchmark.

Key Benefits

Access to a manager with a proven philosophy and process for selecting investments and constructing a portfolio.

Broad exposures as the portfolio seeks investments across geographies, industries, and company sizes.

Portfolio targets superior ESG characteristics.

Fund Facts

Legal structure

Minimum investment

Unlisted, open-ended unit trust

A$25,000

Benchmark

Distribution

Pricing frequency

MSCI ACWI (A$, net)

Annually at 30 June

Daily pricing

Unit class costs and APIR codes

Class B
Class C
APIR Code
PIM5678AU
PIM9694AU
Management fee*^
0.65% p.a.
0.85% p.a.
Performance fee^
15% above Benchmark
Nil
Buy/Sell Spread
0.25%
0.25%
Class B
Class C
APIR Code
PIM5678AU
PIM9694AU
Management fee*^
0.65% p.a.
0.85% p.a.
Performance fee^
15% above Benchmark
Nil
Buy/Sell Spread
0.25%
0.25%

* This is an estimate only. As the Fund is newly established, this figure reflects our reasonable estimates of the costs that will apply for the current financial year (adjusted to reflect a 12 month period) based on information available as at the date the PDS was finalised. We may pay any abnormal expenses incurred in managing the Fund out of the Fund in addition to the ongoing annual fees and costs. Please refer to Pella’s website for any updates on these estimates which are not considered materially adverse from a retail investor’s point of view.

^ All fees are expressed as a percentage of net asset value of the Fund excluding accrued fees. All fees and costs are quoted inclusive of any GST and net of any input tax credits (ITCs) or reduced input tax credits (RITCs) that are expected to be available to the Fund.

Ratings & Certifications

Zenith

SQM

ERIG Index

Recommended

Superior

1st Quartile

Contact Evergreen

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The Zenith Investment Partners (ABN 27 103 132 672, AFS License 226872) (“Zenith”) rating (assigned September 2022) referred to in this document is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http://www.zenithpartners.com.au/RegulatoryGuidelines 

The rating contained in this website is issued by SQM Research Pty Ltd ABN 93 122 592 036 AFSL 421913. SQM Research is an investment research firm that undertakes research on investment products exclusively for its wholesale clients, utilising a proprietary review and star rating system. The SQM Research star rating system is of a general nature and does not take into account the particular circumstances or needs of any specific person. The rating may be subject to change at any time. Only licensed financial advisers may use the SQM Research star rating system in determining whether an investment is appropriate to a person’s particular circumstances or needs. You should read the product disclosure statement and consult a licensed financial adviser before making an investment decision in relation to this investment product. SQM Research receives a fee from the Fund Manager for the research and rating of the managed investment scheme

Platform availability

HUB24

Macquarie Wrap

Netwealth

North

Performance Summary 
(period ending 28-Feb-23)
Period
PGGF Class B
Benchmark*
Relative
1 month
1.2%
1.5%
-0.3%
3 months
2.6%
-0.7%
3.3%
6 months
12.6%
5.0%
7.6%
1 year
4.0%
-1.3%
5.3%
Inception to date ^
-4.6%
-8.4%
3.8%

* MSCI ACWI (A$, net)

^ 1 January 2022

Past performance is not indicative of future performance. Performance returns are net of fees and assume reinvestment of distributions. Actual investor performance may differ due to the investment date, date of reinvestment of income distributions, and withholding tax applied to income distributions. Past performance is not indicative of future performance

Unit prices - Class B
Date
NAV
Entry Price
Exit Price
Distribution
21/03/2023
1.165
1.168
1.162
20/03/2023
1.137
1.140
1.134
17/03/2023
1.129
1.132
1.126
16/03/2023
1.142
1.145
1.140
15/03/2023
1.131
1.134
1.128
14/03/2023
1.145
1.148
1.142
13/03/2023
1.128
1.130
1.125
10/03/2023
1.145
1.148
1.142
09/03/2023
1.162
1.164
1.159
08/03/2023
1.173
1.176
1.170
07/03/2023
1.175
1.178
1.172
06/03/2023
1.170
1.173
1.167
03/03/2023
1.164
1.167
1.161
02/03/2023
1.153
1.156
1.150
01/03/2023
1.142
1.145
1.139
28/02/2023
1.143
1.145
1.140
27/03/2023
1.147
1.150
1.144
24/02/2023
1.137
1.140
1.134
23/02/2023
1.142
1.145
1.139
22/02/2023
1.140
1.143
1.137
21/02/2023
1.134
1.137
1.132
20/02/2023
1.145
1.148
1.142
17/02/2023
1.151
1.154
1.148
16/02/2023
1.153
1.155
1.150
15/02/2023
1.161
1.164
1.158
14/02/2023
1.145
1.148
1.142
13/02/2023
1.150
1.153
1.148
10/02/2023
1.143
1.146
1.140
09/02/2023
1.146
1.148
1.143
08/02/2023
1.148
1.150
1.145
07/02/2023
1.160
1.163
1.157
06/02/2023
1.161
1.164
1.157
03/02/2023
1.158
1.161
1.155
02/02/2023
1.151
1.154
1.148
01/02/2023
1.137
1.140
1.134
31/01/2023
1.128
1.131
1.126
30/01/2023
1.118
1.120
1.115
27/01/2023
1.125
1.128
1.123
25/01/2023
1.114
1.117
1.112
24/01/2023
1.122
1.124
1.119
23/01/2023
1.127
1.130
1.124
20/01/2023
1.128
1.131
1.125
19/01/2023
1.119
1.122
1.117
18/01/2023
1.115
1.118
1.112
17/01/2023
1.118
1.121
1.115
16/01/2023
1.124
1.126
1.121
13/01/2023
1.123
1.126
1.120
12/01/2023
1.121
1.124
1.118
11/01/2023
1.115
1.118
1.112
10/01/2023
1.106
1.109
1.103
09/01/2023
1.098
1.101
1.095
06/01/2023
1.098
1.101
1.095
05/01/2023
1.095
1.098
1.092
04/01/2023
1.087
1.090
1.085
03/01/2023
1.091
1.094
1.088
30/12/2022
1.081
1.084
1.079
29/12/2022
1.088
1.091
1.085
28/12/2022
1.077
1.079
1.074
23/12/2022
1.091
1.093
1.088
22/12/2022
1.090
1.093
1.088
21/12/2022
1.098
1.101
1.096
20/12/2022
1.091
1.094
1.089
19/12/2022
1.085
1.088
1.083
16/12/2022
1.098
1.100
1.095
15/12/2022
1.105
1.108
1.102
14/12/2022
1.111
1.114
1.108
13/12/2022
1.113
1.115
1.110
12/12/2022
1.114
1.117
1.111
09/12/2022
1.105
1.108
1.103
08/12/2022
1.107
1.110
1.104
07/12/2022
1.104
1.107
1.102
06/12/2022
1.117
1.120
1.115
05/12/2022
1.120
1.122
1.117
02/12/2022
1.113
1.116
1.110
01/12/2022
1.109
1.112
1.106
30/11/2022
1.114
1.116
1.111
29/11/2022
1.093
1.096
1.090
28/11/2022
1.092
1.095
1.090
25/11/2022
1.099
1.102
1.096
24/11/2022
1.095
1.097
1.092
23/11/2022
1.099
1.102
1.096
22/11/2022
1.096
1.099
1.093
21/11/2022
1.090
1.092
1.087
18/11/2022
1.085
1.088
1.083
17/11/2022
1.082
1.085
1.079
16/11/2022
1.074
1.077
1.071
15/11/2022
1.081
1.084
1.079
14/11/2022
1.079
1.082
1.076
11/11/2022
1.084
1.086
1.081
10/11/2022
1.080
1.083
1.078
09/11/2022
1.050
1.053
1.047
08/11/2022
1.052
1.054
1.049
07/11/2022
1.046
1.049
1.043
04/11/2022
1.033
1.035
1.030
03/11/2022
1.031
1.034
1.029
02/11/2022
1.036
1.039
1.034
01/11/2022
1.050
1.053
1.048
31/10/2022
1.045
1.047
1.042
28/10/2022
1.048
1.051
1.045
27/10/2022
1.030
1.032
1.027
26/10/2022
1.034
1.037
1.032
25/10/2022
1.045
1.047
1.042
24/10/2022
1.033
1.036
1.031
21/10/2022
1.019
1.021
1.016
20/10/2022
1.011
1.013
1.008
19/10/2022
1.022
1.024
1.019
18/10/2022
1.027
1.029
1.024
17/10/2022
1.019
1.022
1.017
14/10/2022
1.006
1.009
1.004
13/10/2022
1.020
1.022
1.017
12/10/2022
0.998
1.001
0.996
11/10/2022
1.001
1.004
0.999
10/10/2022
1.011
1.013
1.008
07/10/2022
1.002
1.004
0.999
06/10/2022
1.024
1.026
1.021
05/10/2022
1.028
1.030
1.025
04/10/2022
1.024
1.027
1.022
03/10/2022
0.995
0.997
0.992
30/09/2022
0.986
0.989
0.984
29/09/2022
0.977
0.979
0.974
28/09/2022
0.987
0.989
0.984
27/09/2022
0.977
0.979
0.974
26/09/2022
0.974
0.976
0.971
23/09/2022
0.978
0.980
0.975
21/09/2022
1.000
1.003
0.998
20/09/2022
1.003
1.005
1.000
19/09/2022
1.016
1.019
1.014
16/09/2022
1.015
1.017
1.012
15/09/2022
1.023
1.025
1.020
14/09/2022
1.028
1.031
1.026
13/09/2022
1.031
1.034
1.028
12/09/2022
1.047
1.050
1.044
09/09/2022
1.041
1.044
1.039
08/09/2022
1.036
1.039
1.034
07/09/2022
1.031
1.034
1.029
06/09/2022
1.019
1.022
1.017
05/09/2022
1.014
1.017
1.012
02/09/2022
1.013
1.015
1.010
01/09/2022
1.014
1.016
1.011
31/08/2022
1.014
1.017
1.012
30/08/2022
1.017
1.019
1.014
29/08/2022
1.023
1.026
1.020
26/08/2022
1.027
1.029
1.024
25/08/2022
1.045
1.047
1.042
24/08/2022
1.043
1.046
1.040
23/08/2022
1.033
1.036
1.030
22/08/2022
1.043
1.046
1.041
19/08/2022
1.060
1.063
1.058
18/08/2022
1.066
1.069
1.064
17/08/2022
1.068
1.071
1.065
16/08/2022
1.066
1.069
1.064
15/08/2022
1.061
1.064
1.059
12/08/2022
1.053
1.056
1.051
11/08/2022
1.050
1.053
1.047
10/08/2022
1.059
1.061
1.056
09/08/2022
1.054
1.056
1.051
08/08/2022
1.057
1.059
1.054
05/08/2022
1.062
1.065
1.059
04/08/2022
1.061
1.064
1.059
03/08/2022
1.060
1.062
1.057
02/08/2022
1.052
1.054
1.049
01/08/2022
1.048
1.051
1.045
29/07/2022
1.060
1.062
1.057
28/07/2022
1.048
1.050
1.045
27/07/2022
1.032
1.035
1.030
26/07/2022
1.016
1.019
1.014
25/07/2022
1.029
1.032
1.026
22/07/2022
1.027
1.030
1.024
21/07/2022
1.041
1.044
1.039
20/07/2022
1.031
1.034
1.029
19/07/2022
1.030
1.032
1.027
18/07/2022
1.017
1.020
1.015
15/07/2022
1.016
1.019
1.014
14/07/2022
1.010
1.012
1.007
13/07/2022
1.012
1.014
1.009
12/07/2022
1.019
1.021
1.016
11/07/2022
1.027
1.030
1.025
08/07/2022
1.023
1.025
1.020
07/07/2022
1.023
1.025
1.020
06/07/2022
1.014
1.016
1.011
05/07/2022
1.004
1.006
1.001
04/07/2022
1.003
1.006
1.001
01/07/2022
1.013
1.015
1.010
30/06/2022
1.002
1.005
1.000
30/06/2022
1.005
1.007
1.002
0.002
29/06/2022
1.014
1.017
1.012
28/06/2022
1.013
1.013
1.011
27/06/2022
1.023
1.025
1.020
24/06/2022
1.018
1.020
1.015
23/06/2022
1.001
1.003
0.998
22/06/2022
0.999
1.002
0.997
21/06/2022
0.994
0.996
0.991
20/06/2022
0.984
0.986
0.981
17/06/2022
0.986
0.989
0.984
16/06/2022
0.981
0.984
0.979
15/06/2022
1.004
1.006
1.001
14/06/2022
0.996
0.998
0.993
10/06/2022
1.015
1.018
1.013
08/06/2022
1.031
1.034
1.029
08/06/2022
1.037
1.040
1.034
Investment Strategy

The Pella Global Generations Fund is a long-only equity fund. It targets 30-50 positions that are growing, cash flow generative with attractive valuations, fortress balance sheets and outstanding ESG.

 

Target return: beat the Benchmark

 

Target volatility of returns: lower than the Benchmark

 

Target ESG rating: above the Benchmark

 

Target number of holdings in the portfolio: 30-50

 

Maximum cash holding: 20% of the fund's net asset value

 

Maximum sector exposure: 25% of portfolio

 

Maximum country exposure: 10% above Benchmark weight

 

Maximum region exposure: 25% above Benchmark weight

 

Currency: the fund is managed with reference to the AUD

 

Derivatives: the fund may only use derivatives to hedge the foreign exchange

 

Leverage: the fund does not borrow funds

 

Short selling: the fund does not engage in short-selling

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