Life Cycle Concentrated Global Share Fund

Overview

The Life Cycle Concentrated Global Share Fund is a long-only global equity portfolio of 20-45 companies with the aim of outperforming the MSCI World Net Total Return Index by 2-3% p.a. (after fees) across multiple market conditions.

The stocks are selected using a distinctive and proven Corporate Life Cycle inspired investment approach and combined into a concentrated portfolio with relatively balanced style characteristics where stock picking success is the primary driver of relative returns.

The Fund is available to wholesale and retail investors domiciled in Australia.

Portfolio Managers

Senior Portfolio Manager

Peter Rutter

Peter is a Senior Portfolio Manager co-managing Global Equity portfolios successfully for over 20 years. He has also been leading the Global Equity team for over a decade.

Prior to LCIP Peter was Head of Equities at Royal London Asset Management, and other notable experience includes being; partner at Ironbridge Capital Management, Director at Waverton Investment Management, analyst at Deutsche Asset Management.

Peter is a CFA charterholder, has CFA Institute Certificate in ESG Investing, Chartered Management Accountant ACMA, and a first class with distinction degree in Geography (MA) from the University of Cambridge.

Senior Portfolio Manager

Will Kenney

Will is a Senior Portfolio Manager co-managing Global Equity portfolios successfully for over 20 years.

Prior to LCIP Will was a Senior PM at Royal London Asset Management, and other notable experience includes being; partner at Spencer House Capital Management, Director at Waverton Investment Management, analyst at Deutsche Asset Management.

Will is a CFA charterholder, has CFA Institute Certificate in ESG Investing, and BA (Hons) in Economics & Politics from the University of Durham.

Senior Portfolio Manager

James Clarke

James is a Senior Portfolio Manager co-managing Global Equity portfolios successfully for over 20 years.

Prior to LCIP James was a Senior PM at Royal London Asset Management, and other notable experience includes being; partner at Ironbridge Capital Management, Director at Waverton Investment Management, analyst at Deutsche Asset Management.

James is a CFA charterholder, has CFA Institute Certificate in ESG Investing, and BSc (Hons) in Economics from the University of Warwick.

Key Features

APIR Class A: WHT8756AU
Class P: WHT4721AU
Objective The Fund seeks to outperform the Benchmark by 2-3% p.a. after fees, over rolling five year periods through investment in a focused selection of global equities.
Benchmark MSCI World Net Total Return Index in AUD
Portfolio Allocation Typical Allocation Range:
Global equities 90% – 100%
Cash 0% – 10%
Suitable Investor Profile This product is intended for use as a minor or satellite allocation for a consumer who is seeking capital growth and has a high or very high risk and return profile for that portion of their investment portfolio. It is likely to be consistent with the financial situation and needs of a consumer with a 5 – 7 year investment timeframe and who is unlikely to need to withdraw their money on less than one week’s notice.
Risk High - Very High
Inception Date 30 September 2024
Minimum Investment $15,000 AUD
Fees Class A: Management fee*: 0.90% p.a. | Performance fee: Nil
Class P: Management fee*: 0.72% p.a. | Performance fee: If applicable, 15% of the Fund’s outperformance (net of management fees) relative to its benchmark return, multiplied by the NAV of the Fund.
Distribution Frequency Semi-annually

*The management fee is calculated on the net asset value of the Fund. It is reflected in the daily unit price and payable quarterly in arrears from the Fund. Other fees and costs apply. Please see the PDS for more details.

Net Performance

As at 30 September 2024 1 mth % 3 mth % 1 yr % 3 yr % p.a. 5 yr % p.a. 10 yr % p.a. Inception % p.a.
FUND 4.57 9.49 15.89 -2.20 5.40 7.66 7.66
INDEX 4.57 9.49 15.89 -2.20 5.40 7.66 7.66
ALPHA 4.57 9.49 15.89 -2.20 5.40 7.66 7.66

Unit Prices

Unit price history

Class A: WHT8756AU

Class P: WHT4721AU

Unit prices are net of fees and do not include distributions. Calculation of unit prices are based on the net asset value plus/minus transaction costs divided by units on issue. Past performance is not a reliable indicator of future performance. This material has been provided for general information purposes and must not be construed as investment advice.

Distribution history

Ratings

Further information on our Research Ratings can be found in the Disclaimer section.

Distribution of meeting-related documents and annual reports to unitholders of LCIP registered schemes1
Unitholders who would like to receive meeting-related documents such as notices of meeting and annual reports in physical form must notify Pinnacle Client Services on +61 1300 010 311 or email service@pinnacleinvestment.com. Unitholders who do not wish to receive annual reports or would like to receive meeting-related documents and annual reports in electronic form may also make their elections online or by phone.
Unitholders may also make an ad hoc request for a particular document2 to be sent in physical or electronic form.
Unitholders who do not notify Pinnacle Client Services of their communication preferences and have provided a valid email address will receive meeting-related documents and annual reports in electronic form.
Life Cycle Global Share Fund ARSN 680 560 918
Life Cycle Concentrated Global Share Fund ARSN 680 560 258
2 a document that relates to a meeting of the members of the registered scheme; a report mentioned in s 314 of the Corporations Act, including a financial report, directors report and auditor’s report; a notice of members rights provided under s 110K of the Corporations Act; or a document prescribed by the Corporations Regulations 2001 (Cth).

Disclaimer

This webpage has been prepared by Life Cycle Investment Partners (‘LCIP’), a Corporate Authorised Representative (No. 1311923) of Pinnacle Investment Management Limited (‘PIML’) (ABN 66 109 659 109, AFSL 322140), as the investment manager of Life Cycle Concentrated Global Share Fund (ARSN 680 560 258) (the ‘Fund’). Pinnacle Fund Services Limited (‘PFSL’) (ABN 29 082 494 362, AFSL 238371) is the product issuer of the Fund and is a wholly owned subsidiary of Pinnacle Investment Management Group Limited (‘Pinnacle’) (ABN 22 100 325 184). PFSL is not licensed to provide financial advice.

The information contained in this webpage is general information only and does not take into account your objectives, financial situation or needs. Before making a decision to acquire, or continue to hold units in, the Fund, you should consider the Product Disclosure Statement (PDS) and Target Market Determination (TMD) which are available at https://lcip.com/. For historic TMDs, please contact Pinnacle Client Services via phone 1300 010 311 or email service@pinnacleinvestment.com. Any persons relying on this information should obtain professional advice before doing so and consider the appropriateness of the information having regard to your specific circumstances. Past performance is not a reliable indicator of future performance and the repayment of capital is not guaranteed. Any opinions and forecasts reflect the judgment and assumptions of LCIP and its representatives based on information available as at the date of publication and may later change without notice.

Whilst LCIP and PFSL believe the information contained in this webpage is reliable, no warranty is given as to its accuracy, reliability or completeness and persons relying on this information do so at their own risk. To the extent permitted by law, LCIP and PFSL disclaim all liability to any person relying on the information contained in this webpage in respect of any loss or damage (including consequential loss or damage), however caused, which may be suffered or arise directly or indirectly in respect of such information. Unauthorised use, copying, distribution, replication, posting, transmitting, publication, display, or reproduction in whole or in part of the information contained in this webpage is prohibited without obtaining prior written permission from LCIP.

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (WHT8756AU; WHT4721AU assigned October 2024) referred to on this page is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance.Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines.

The rating issued 12/2024 is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2024 Lonsec. All rights reserved.