Alphinity Australian Equity Fund


The Alphinity Australian Equity Fund* holds a diversified portfolio of Australian stocks listed on the ASX.

Alphinity's investment approach is based on a combination of strong fundamental bottom-up research and targeted quantitative inputs aimed specifically at identifying mispriced companies likely to deliver earnings in excess of that expected by the market. The combined output of this fundamental and quantitative research is brought together in Alphinity's proprietary Composite Research Model (CRM).

Interests in the Alphinity Australian Equity Fund ARSN 107 016 517 are offered by Fidante Partners Limited ABN 94 002 835 592 AFSL 234668 (Fidante Partners). Fidante Partners has appointed Alphinity Investment Management Pty Ltd as the investment manager of the Fund.

Fund objective

To outperform the S&P/ASX 300 Accumulation Index after costs and over rolling three-year periods.

Investment approach

Alphinity is an active core Australian equities manager who seeks to identify opportunities across market cycles. Alphinity believes that a company's earnings growth and expected earnings growth ultimately drive its share price performance and that there is a systematic mispricing of individual shares over the short to medium-term due to under-or-over estimation of a company's earnings ability.

PDS update of information - 1 July 2013

Introduction of the future of financial advice reforms

In April 2010, the Government announced the Future of Financial Advice (FOFA) reforms aimed at improving the quality and access to financial advice for Australian investors. The reforms are mandatory from 1 July 2013. Generally, the FOFA reforms introduce a duty for financial advisers to act in the best interests of their clients and prohibit the payment of conflicted remuneration to advisers and platforms.

We have reviewed our procedures to ensure we comply with the new FOFA requirements and this update is made to ensure you have the correct information about the fees and benefits we pay to platforms and advisers.

Please read the following update together with the relevant fund's Product Disclosure Statement (PDS) and Additional Information booklet (AIB) and relates to the 'Additional explanation of fees and costs' section in the AIB.

Introduction of the Future of Financial Advice Reforms (FOFA)

Update of information

Update to the buy and sell spreads 1 October 2014

Fidante Partners has reviewed the buy and sell spreads applicable to all Funds in light of recent sustained market movements of transaction costs. We have seen a consistent change in the level of transaction costs incurred across a number of the asset classes and have decided to change the buy and sell spreads applicable to the Fund from +0.30%/-0.30% to +0.20%/-0.20%.  These changes are effective from 1 October 2014.

Buy and sell spreads are determined and applied in the same manner as disclosed in the Fund's Product Disclosure Statement.

Changes to Goods and Services Tax (GST) from 1 July 2012

This update is to be read together with the Fund's Product Disclosure Statement (PDS) and Additional Information Booklet (AIB) and has been issued to update the PDS and AIB regarding GST changes that commence 1 July 2012.

All fees and costs expressed in the Fund's PDS and AIB are quoted inclusive of any GST and net of reduced input tax credits (RITCs) that are expected to be available to the Fund.

For acquisitions by the Fund before 1 July 2012, the prescribed RITC rate was 75%. Under recent changes to the GST law, acquisitions by the Fund from 1 July 2012 can attract RITCs at a prescribed rate of either 75% or 55 %, depending on the nature of the acquisition. The introduction of a lower RITC rate increases net costs disclosed in the PDS and AIB, which were calculated on the basis of a RITC rate of 75%. Fees stated in the PDS and AIB are rounded to two decimal places. 

The information in this update is up-to-date at the time of preparation. However, some information can change from time to time. For updated information about the Fund, please contact your financial adviser, call our Investor Services team on 13 51 53 or refer to this website. We will also send you a copy of the updated information free of charge upon request. If a change is considered materially adverse we will issue a replacement PDS and AIB.


*Formerly known as the Custom Choice Boutique Australian Share Portfolio.