Morningstar Investor users sign in here.

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.

Funds News & Analysis

funds

Is your index fund tracking the right index? Here’s what to look for

Understanding these 6 qualities of the best indexes can help investors choose among thousands of index funds.
funds

Listed Investment Companies monthly performance: January 2024

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).
funds

Index funds have officially won

Now what?

Markets

Index
Last price
Change
% Change
All Ordinaries 7,899.20 33.90 0.43%
CAC 40 7,966.68 55.08 0.70%
DAX 40 17,419.33 48.88 0.28%
Dow JONES (US) 39,131.53 62.42 0.16%
FTSE 100 7,706.28 21.79 0.28%
HKSE 16,725.86 17.09 -0.10%
NASDAQ 15,996.82 44.80 -0.28%
Nikkei 225 39,098.68 836.52 2.19%
NZX 50 Index 11,719.82 29.57 0.25%
S&P 500 5,088.80 1.77 0.03%
S&P/ASX 200 7,643.60 32.40 0.43%
SSE Composite Index 3,004.88 16.52 0.55%

Market Movers

Name
Last price
Change
% Change
Sayona Mining Ltd SYA 0.04 0.00 -8.70%
88 Energy Ltd 88E 0.01 0.00 0.00%
BrainChip Holdings Ltd BRN 0.49 0.06 13.95%
Strike Energy Ltd STX 0.22 0.01 -4.44%
Pantoro Ltd PNR 0.04 0.00 -2.33%
Zip Co Ltd ZIP 0.87 0.00 0.00%
Latin Resources Ltd LRS 0.19 0.02 -9.52%
Telstra Group Ltd TLS 3.88 0.00 0.00%
Northern Minerals Ltd NTU 0.03 0.00 3.33%
The Star Entertainment Group Ltd SGR 0.45 0.01 -1.11%