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Allard Investment Fund A


Allard Investment Fund A ALDX100AU 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.

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Last price
% Change
All Ordinaries 7,233.90 11.90 -0.16%
CAC 40 7,267.64 17.51 0.24%
DAX 40 16,166.45 173.78 1.09%
Dow JONES (US) 35,430.42 13.44 0.04%
FTSE 100 7,423.46 31.78 -0.43%
HKSE 16,993.44 360.70 -2.08%
NASDAQ 14,258.49 23.27 -0.16%
Nikkei 225 33,241.75 79.47 -0.24%
NZX 50 Index 11,274.83 38.89 0.35%
S&P 500 4,550.58 4.31 -0.09%
S&P/ASX 200 7,024.00 11.30 -0.16%
SSE Composite Index 3,021.65 0.04 -0.00%

Market Movers

Last price
% Change
Origin Energy Ltd ORG 8.23 0.17 -2.02%
Telstra Group Ltd TLS 3.78 0.00 0.00%
Pilbara Minerals Ltd PLS 3.50 0.06 -1.69%
Cettire Ltd CTT 3.04 0.41 -11.88%
South32 Ltd S32 3.01 0.05 -1.63%
GPT Group GPT 4.04 0.04 -0.98%
Goodman Group GMG 22.38 0.94 -4.03%
Scentre Group SCG 2.62 0.02 -0.57%
BHP Group Ltd BHP 46.09 0.10 -0.22%
Woodside Energy Group Ltd WDS 30.92 0.08 -0.26%