Allard Investment Fund A

ALD1539AU

Allard Investment Fund A ALD1539AU Strategy

BIG PICTURE: Asia focused with high confidence in China and India. SECTOR: Identify industries with favorable operating environments and attractive long-term growth prospects. COMPANY: At the heart of what we do is a methodical process of “bottom up” company investing. We look for companies with 1) Defined competitive advantage (scale, brand, quality, cost structure, technology); 2) Sound finances; 3) Strong management; 4) Robust corporate governance. MEET, GREET, REPEAT: We are on-the-ground, visiting management, operations as well as competitors in the market. We have often met successive management teams. CONVICTION: Derive a Conviction Ratio by factoring in 1) Management ability; 2) Governance structure; 3) Competitive position; 4) Importance of business to its community; 5) Capital structure; 6) Optionality. VALUATION: We examine historical performance and apply judgment to a long term DCF and build a valuation range (not a single number). PORTFOLIO: Position sized by combining discount to valuation and conviction ratio. Exposure limits apply. Typically 25-30 companies from an active universe of 75. LONG TERM NOT STATIC: Dynamic and regular review. Continuous search for new opportunities.
The investment objective & strategy is a summary of the investment's principal strategy as written in the prospectus. This information is pulled from the most recent product disclosure document.

Funds News & Analysis

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Listed Investment Companies monthly performance: September 2025

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KiwiSaver Survey | September Quarter 2025

KiwiSaver rises to almost NZD 135 billion.
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Listed Investment Companies monthly performance: August 2025

The Morningstar LIC monthly report provides a snapshot of ASX-listed LICs, and whether they are trading at a premium or a discount to their net tangible assets (NTA).

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