Prime Value Equity Income Fund

(formerly the Prime Value Imputation Fund)

The Prime Value Equity Income Fund was established on 20 December 2001. The Fund has achieved a positive return in 13 of the last 17 financial years. With its focus being the payment of high and tax-effective income, the Fund has made an average grossed up distribution return (ie. includes franking credits) of 7.1% pa since inception. The total return includes a combination of distribution return (paid quarterly) and an increase in unit price.

Feature Fund Facts
Portfolio Manager Leanne Pan
Investment objective To provide regular tax‐effective income, combined with competitive capital growth over the medium to long‐term, by managing a portfolio of assets comprised mainly of Australian equities listed on any recognised Australian stock exchange.
Benchmark S&P / ASX 300 Accumulation Index
Inception Date 20 December 2001
Cash 0 – 30%
Distribution Quarterly
Recommended investment period 3 years +
Annualised Return 10.6% (excl. franking credits)
12.7% (incl. franking credits)
Direct Investment (Class A) Platform Investment (Class B)
APIR code PVA0002AU PVA0022AU
Minimum Investment $20,000 N/A
Indirect Cost Ratio (ICR) 1.435%* p.a. 1.23%* p.a.
Performance fee 20.5%** 20.5%**
* Unless otherwise stated, all fees quoted are inclusive of GST and the relevant RITC
** of performance (net of management fees and administration costs) above the agreed benchmark, subject to positive performance and a high water mark
Ausmaq, Beacon, BT Wrap, First Wrap, Netwealth, Symetry, Wealthtrac


The Fund has had a strong performance track record since it was established. A notional $100,000 invested at the Fund’s inception had increased to $559,700 (net of fees excluding performance fees) as at 29 February 2020. This compares very favourably with the return of the market, where a $100,000 investment would have increased to $418,900 over the same period. The returns exclude the benefits of franking credits.

1. Benchmark refers to an index or measurement that is used by an investment manager to assess relative performance of an investment portfolio.
2. Prime Value reserves the right to accept less than the above minimum investment or to reject an application in whole or in part.
3. Unless otherwise stated, all fees quoted in this PDS are inclusive of GST, after allowing for an estimate for Reduced Input Tax credits (RITC).

Holdings by Sectors

Holdings by Market Cap