OUR INVESTMENT PHILOSOPHY

Regular income and capital growth opportunity for tax-savvy investors

Our objective is to capture both dividend and capital growth components of an equity investment. Dividends typically form the more stable and predictable part of the total return. We believe the Fund offers a very attractive risk-adjusted return. Since inception, the Fund has generated total return of 10.4% per annum, consist of 5.2% distribution return and 5.2% growth return. When adding franking credit, grossed-up annualized distribution return was enhanced to 7.3%.

 

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Dividends

    The Australia market’s dividend yield is around 4+% which is attractive compared to other cash type investment returns or global market yield.

Tax

    Much of the dividends has franking or imputation credits attached, which can be used to offset the investors’ tax payable. The Fund currently has capital losses carried forward from prior years which will offset any capital gains made in the near term.

Investments

    The Fund typically holds around 30 names, most of which are dividend paying. We look for good businesses that are easy to understand, with resilient and transparent business models, run by solid management & effective Board.

Transparent

    The Fund is long-only, invests in equity or cash. It is not complicated by any derivative overlays. Unit pricing is available daily.

Distribution

    Quarterly in cash or reinvestment option is available.

NET RETURN SINCE INCEPTION

9.9% p.a *12.0 as at 30 June 2024 incl franking credit

Performance figures have been calculated in accordance with the Financial Services Council (FSC) standards and are net of management fees. No allowance has been made for taxation. Performance assumes the reinvestment of income distributions. Past performance is not necessarily an indicator of future performance.

KEY FEATURES

  • Total return approach
  • Pays a cash distribution every quarter with franking credits
  • Concentrated portfolio of securities invested across the broad market
  • No index weighting or sector limit constraints
  • 0 – 30% cash weighting based on the attractiveness of investment opportunities and market conditions

FUND DETAILS

Feature
Fund Facts
Investment Objective

To provide regular tax-effective income, combined with competitive capital growth over the medium to long term.

Inception Date

20 December 2001

Benchmark

S&P/ ASX 300 Accummulation Index

Cash

0 - 30%

Performance Fee

20.5% p.a. of performance (net of management fees) above the agreed benchmark , subject to a high watermark

Recommended Investment Period

3+ years

Indirect cost ratio (ICR)

1.23% p.a

Performance Fee

20.5% p.a.

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FUND Performance

Performance figures have been calculated in accordance with the Financial Services Council (FSC) standards. No allowance has been made for taxation. Performance assumes the reinvestment of income distributions. Past performance is not necessarily an indicator of future performance.
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WE BELIEVE

Building wealth together is the heart and soul of Prime Value

TRUE STEWARDSHIP

Putting our clients first.

ALIGNMENT OF INTEREST

Prime Value has been co-investing with its investors since 1998. Building wealth together.

INDEPENDENCE & TRANSPARENCY

We are not aligned with the major financial institutions, allowing us to act in our investors' best interests with an eye on the long term.

RISK MANAGEMENT

Protecting clients' capital in difficult markets by minimising mistakes.

CULTURE

An inclusive and collaborative culture built around humility and passion for investment. This is reflected in the longevity and stability of the management and investment team.

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