Karyn West

Apostle Funds Management is pleased to announce the launch of a new Exchange Traded Quoted Managed Fund on the 24th February, 2021, to sit alongside its current Managed Investment Trust. The Fund will be named the Apostle Dundas Global Equity Fund with ASX code ADEF.

Dundas Partners LLP, an Edinburgh based global equity manager founded in 2012, is well known in the institutional market with assets under management of approximately US$1.5 billion. Their investment strategy has delivered a long and successful track record and the launch of this exchanged traded offering will allow all participants within Australian and New Zealand financial services to access this high-quality manager on an intra-day basis with full liquidity.

The investment strategy has delivered gross returns of 14.97% over 3 years and 13.20% over 5 years as of 31 December 2020, placing it as one of the top performing Global Equity Funds over the long term.

About the Fund

Dundas focus on the factors that drive long-term total returns – dividend growth plus dividend yield. These factors result in a portfolio exhibiting total compound annual growth of around 10%. They employ fundamental bottom up research with a portfolio that has delivered capital preservation and good downside protection.

The Fund will have a management fee of 0.90%, well below the category median of 1.35% 2 . Further, there will be no performance fee included.

The Fund may be suitable for investors who are seeking long term risk adjusted returns within the global equity part of their portfolio either as an alternative for a current global growth strategy or to increase diversification in a portfolio overweight in Australian equities.

K2 Asset Management (K2AM) has been selected as our partner who have a strong track record in operating actively traded quoted managed Funds with both domestic and global equity mandates.

Alan McFarlane, Senior Partner of Dundas Partners commented; “Dundas Partners are very pleased that our global equity portfolio will now be readily available to SMSF, IFAs, and the wealth management groups in Australia through the easy access of an Exchange Traded Vehicle.”

Karyn West MD of Apostle Funds Management; “We are pleased to bring a high-quality manager with a market leading product in an ETF format. It is a fully active portfolio of high-quality companies with sustainable dividends and is well priced for our market. In addition, this portfolio has been highly rated on its ESG merits”

Campbell Neal, Chairman and CEO of K2AM commented; “This is a natural partnership with both Apostle Funds Management and Dundas Partners to operate and monitor the new global equity actively traded ETF. We feel privileged to partner with a world class investor like Dundas Partners and pleased to offer our expertise with the listed market for the ETF.”

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Karyn West

Apostle Funds Management is pleased to announce the launch of a new Exchange Traded Quoted Managed Fund early this year, to sit alongside the current Managed Investment Trust. The Fund will be named the Apostle Dundas Global Equity Fund.

Dundas Partners LLP, an Edinburgh based global equity manager founded in 2012, is well known in the institutional market with assets under management of approximately US$1.5 billion. Their investment strategy has delivered a long and successful track record and the launch of this exchanged traded offering will allow all participants within Australian and New Zealand financial services to access this high-quality manager on an intra-day basis with full liquidity.

The investment strategy has delivered net returns of 14.97% over 3 years and 13.20% over 5 years as of 31 December 2020, placing it as one of the top performing Global Equity Funds over the long term.

About the Fund

Dundas focus on the factors that drive long-term total returns – dividend growth plus dividend yield. These factors result in a portfolio exhibiting total compound annual growth of around 10%. They employ fundamental bottom-up research with a portfolio that has delivered capital preservation and good downside protection.

The Fund will have charge total management fees and costs of 0.90%, well below the category median of 1.35% ^[2] . Further, there will be no performance fee included.

The Fund may be suitable for investors who are seeking long term risk adjusted returns within the global equity part of their portfolio either as an alternative for a current global growth strategy or to increase diversification in a portfolio overweight in Australian equities.

K2 Asset Management (K2AM) has been selected as our responsible entity who have a strong track record in operating actively traded quoted managed Funds with both domestic and global equity mandates.

Alan McFarlane, Senior Partner of Dundas Partners commented; “Dundas Partners are very pleased that our global equity portfolio will now be readily available to SMSF, IFAs, and the wealth management groups in Australia through the easy access of an Exchange Traded Vehicle.”

Karyn West MD of Apostle Funds Management; “We are pleased to bring a high-quality manager with a market leading product in an ETF format. It is a fully active portfolio of high-quality companies with sustainable dividends and is well priced for our market. In addition, this portfolio has been highly rated on its ESG merits”.

Campbell Neal, Chairman and CEO of K2AM commented; “This is a natural partnership with both Apostle Funds Management and Dundas Partners to operate and monitor the new global equity actively traded ETF. We feel privileged to partner with a world class investor like Dundas Partners and pleased to offer our expertise with the listed market for the ETF.”

The ETF is set to launch early this year.

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[1] Source: State Street Performance & Analytics Australia. Fund performance calculated using exit prices and shown on a total return basis (net dividends reinvested). Performance inception date is 4th June 2015. Past performance is not a reliable indicator of future performance.
[2] ASX, Bloomberg., IIR; As at Oct 2020. Past performance and fees is not a reliable indicator of future performance and fees.

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K2 Asset Management has been managing Absolute Return Strategies since 1999, with this Fund having a 19 year Track Record.

Lonsec’s rating is predicated on their increased conviction in the quality of K2’s key personnel and improved research framework. Further, Lonsec said that they maintain conviction in the performance-oriented ‘boutique’ corporate structure and the long term track record of downside protection”.

K2 Asset Management’s Managing Director, Campbell Neal said “we are extremely pleased with the outcome of this review cycle undertaken by Lonsec. The K2 Absolute Return Fund allows investors access to an absolute return Fund. Pleasingly, the Fund has been managed by the same 4 Portfolio Managers for over 12 years, which reflects both the stability of the investment team and the philosophical alignment to absolute return investing”.

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