Tyndall Asset Management (Tyndall AM) has announced that its Tyndall Australian Share Income Fund received an upgraded Morningstar Analyst Rating™ of ‘Silver’ as of 14 September 2021. The new rating recognises the Fund’s successful investment strategy in seeking above-market income backed by Australian equities, and is further testament to the strong track record of portfolio managers Malcolm Whitten and Michael Maughan.
Since the Tyndall Australian Share Income Fund’s inception in 2008, it has maintained a leading position against income-focused funds in the category, with the fund described by Morningstar as having “consistently excellent execution.” The Tyndall Australian Share Income Fund is characterised by Tyndall’s value focus but with a distinct income bias. The portfolio typically holds 40–70 stocks, which aids diversification. Turnover has been between 40% and 70% per year, supporting a tax-conscious strategy.
“We are incredibly proud of this recognition of the Fund’s success in continuing to deliver positive alpha relative to the category benchmark index. Our investment team is specialised and collaborative and our true to label products ensure there are no surprises for clients. It’s a strong validation of our team’s relative value approach to delivering an income stream for clients over the long term,” said Malcolm Whitten, Portfolio Manager for Tyndall AM.
The Fund’s straightforward bottom-up analysis seeks out stocks offering the best value on an internal rate of return (IRR) basis. In addition to scrutinising financial data, the Fund also conducts thorough industry and risk analysis, a holistic research approach favoured in market. The approach has been recognised as clear, robust and repeatable.
“Our strategy allows us to build portfolios with diversified sources of high dividend-paying stocks and helps to produce lower volatility returns versus the S&P/ASX200 Index over the life of the Fund,” commented Michael Maughan, Portfolio Manager and Senior Analyst for Tyndall AM.
The Fund is co-managed by Malcolm Whitten and Michael Maughan. Both Whitten and Maughan have more than 20 years of industry experience with complementary skill sets and run the portfolio collaboratively. The two are backed by an 11-person investment team, including Tyndall AM’s Head of Australian Equities, Brad Potter.