Allard Investment Fund A
ALDX100AU
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.
Morningstar Investment Ideas
Stocks
ETFs
- Australian ETFs
- Active Australian Equity ETFs
- Passive Australian Equity ETFs
- Emerging Market Equity ETFs
- Sustainable ETFs
- Active Global Equity ETFs
- Passive Global Equity ETFs
- Active Australian Fixed Interest ETFs
- Passive Australian Fixed Interest ETFs
- Active Australian Listed Property ETFs
- Passive Australian Listed Property ETFs
- Active Global Fixed Interest ETFs
- Passive Global Fixed Interest ETFs
- Active Global Infrastructure ETFs
- Passive Global Infrastructure ETFs
- Active Global Property ETFs
- Passive Global Property ETFs
Funds
- Active Australian Equity Funds
- Passive Australian Equity Funds
- Active Global Equity Funds
- Passive Global Equity Funds
- Sustainable Funds
- Emerging Market Equity Funds
- Passive Australian Listed Property Funds
- Active Australian Listed Property Funds
- Passive Global Infrastructure Funds
- Active Global Infrastructure Funds
- Active Global Property Funds
- Passive Global Property Funds
- Active Australian Fixed Interest Funds
- Passive Australian Fixed Interest Funds
- Active Global Fixed Interest Funds
- Passive Global Fixed Interest Funds
Markets
Index
|
Last price
|
Change
|
% Change
|
---|---|---|---|
All Ordinaries | 8,094.30 | 111.20 | -1.36% |
CAC 40 | 7,427.02 | 86.71 | -1.15% |
DAX 40 | 18,298.72 | 88.74 | -0.48% |
Dow JONES (US) | 40,068.02 | 214.15 | 0.54% |
FTSE 100 | 8,186.35 | 32.66 | 0.40% |
HKSE | 17,004.97 | 306.08 | -1.77% |
NASDAQ | 17,316.80 | 25.61 | -0.15% |
Nikkei 225 | 37,869.51 | 1,285.34 | -3.28% |
NZX 50 Index | 12,396.27 | 134.72 | -1.08% |
S&P 500 | 5,427.57 | 0.44 | 0.01% |
S&P/ASX 200 | 7,861.20 | 102.50 | -1.29% |
SSE Composite Index | 2,886.74 | 15.21 | -0.52% |
Market Movers
Name
|
Last price
|
Change
|
% Change
|
---|---|---|---|
Sayona Mining Ltd SYA | 0.03 | 0.00 | -3.13% |
Argosy Minerals Ltd AGY | 0.03 | 0.02 | -30.61% |
Pilbara Minerals Ltd PLS | 2.87 | 0.02 | -0.69% |
Telstra Group Ltd TLS | 3.84 | 0.06 | -1.54% |
Red 5 Ltd RED | 0.40 | 0.02 | -4.82% |
South32 Ltd S32 | 2.91 | 0.05 | -1.69% |
Zip Co Ltd ZIP | 1.81 | 0.02 | -0.82% |
Peninsula Energy Ltd PEN | 0.10 | 0.01 | -4.76% |
Core Lithium Ltd CXO | 0.09 | 0.00 | -3.19% |
Medibank Private Ltd MPL | 3.83 | 0.00 | 0.00% |