Fund Overview
Best ideas portfolio
Based on deep fundamental research, our team has high conviction in the companies selected for this portfolio.
Focus on targeted return
Built on investments we have identified with the ability, in our view, to generate attractive returns over the longer-term.
We trade time for value
Exploits short-term volatility and poor short-term price discovery due to the fund’s longer time horizon.
SMID cap expertise
Managed by a global team with deep research expertise and strong capital allocation track record.
Investment objective
The Fund aims to outperform the MSCI ACWI SMID Cap Index (after fees and expenses and before taxes) on a rolling five-year basis.
Investment process
The Vaughan Nelson Global SMID Cap Equity team seek investments that in our view have the ability to generate attractive returns over the longer-term.
Stock selection is driven by this targeted return objective, not benchmark construction.
The investment team have a rigorous, bottom-up fundamental analysis and disciplined approach to help uncover drivers of long-term strong performance.
3 lenses for success
Undervalued earnings growth
Where the future redeployment of capital is not reflected in current valuation
Undervalued assets
Where the asset is priced at a significant discount or we identify a catalyst to close the valuation gap.
Undervalued dividend yield
Where the majority of targeted return is generated by the dividend.
Key documents
Fund Facts
The Vaughan Nelson Global Equity SMID Fund
| Portfolio Managers | James Eisenman, CFA, CPA Marco Priani, CFA, CPA, FRM Kevin Ross, CFA Chris Wallis, CFA,CPA Find out more |
| Benchmark | MSCI ACWI SMID Cap Index |
| Inception | 1 June 2022 |
| ARSN | 657 058 841 |
| APIR | IML1199AU |
| Distribution frequency | Generally Annually |
| Performance fee | Nil (the constitution for the Fund permits a performance fee to be charged. However the RE has waived its right to charge this fee) |
| Management fee | 1.12% per annum (inclusive of the net effect of GST) |
Research and ratings
Contact your State representative for a copy of the report.
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (IML1199AU & ASX:VNGS assigned September 2023) referred to in this piece 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 05/2024 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.
