Johan Carlberg
Portfolio Manager
At Alphinity we invest in quality, undervalued companies with underestimated earnings expectations. Earnings and earnings expectations ultimately drive share prices over time, while valuation keeps us disciplined, and quality factors control risk.
Our proven rigorous investment process, using a deep and unique foundation of qualitative and quantitative research from our highly experienced team, ensures we are investing with conviction in a diversified portfolio of companies that are at the right point of their earnings cycle, regardless of broader market conditions or style. This has allowed Alphinity to deliver consistent, repeatable excess returns over time whilst maintaining relatively lower levels of risk.
Alphinity Australian Share Fund –
Performance (after fees) as at 31 October 2023
| Quarter (%) |
1 year (%) |
3 years (% p.a.) |
5 years (% p.a.) |
7 years (% p.a.) |
10 years (% p.a.) |
Since inception (% p.a.) |
|
| Alphinity Australian Share Fund | -6.2 | 2.2 | 8.8 | 7.2 | 8.3 | 6.8 | 8.4 |
| S&P/ASX 300 Accumulation Index | -7.3 | 2.5 | 8.7 | 7.2 | 7.7 | 6.6 | 7.7 |
Alphinity Concentrated Australian Share Fund –
Performance (after fees) as at 31 October 2023
| Quarter (%) |
1 year (%) |
3 years (% p.a.) |
5 years (% p.a.) |
7 years (% p.a.) |
10 years (% p.a.) |
Since inception (% p.a.) |
|
| Alphinity Concentrated Australian Share Fund | -5.8 | 2.1 | 8.5 | 7.0 | 8.3 | 7.5 | 9.0 |
| S&P/ASX 200 Accumulation Index | -7.2 | 3.0 | 8.9 | 7.2 | 7.8 | 6.6 | 7.8 |
Alphinity Australian Share Fund and Alphinity Concentrated Australian Share Fund: the Funds changed investment manager and investment methodology on 12 July 2010, at which time Alphinity Investment Management commenced managing the Funds and started transitioning of the portfolios to a structure consistent with Alphinity’s investment philosophy. The transition was completed on 31 August 2010. Therefore, the inception date for the returns for the Funds is 1 September 2010.
For performance for previous periods please contact Fidante Partners Investor Services team on 13 51 53 (during Sydney business hours). Returns are calculated after fees have been deducted assuming reinvestment of distributions. No allowance is made for tax. Past performance is not a reliable indicator of future performance.
To find out more about the Alphinity Australian Share Fund, Alphinity Australian Equity Fund or Alphinity Concentrated Australian Share Fund, contact your local Fidante Business Development Manager or call the Fidante Adviser Services Team on +612 8023 5428.
For step by step instructions on how to invest, visit the Invest Online page of our website:
| Fund | Alphinity Australian Share Fund | Alphinity Concentrated Australian Share Fund |
| Investment objective | To outperform the benchmark after costs over rolling five year periods | To outperform the benchmark after costs over rolling five year periods |
| Benchmark | S&P/ASX 300 Accumulation Index | S&P/ASX 200 Accumulation Index |
| Stocks held in portfolio | 35-55 stocks | 20-35 stocks |
| Minimum investment timeframe | At least five years | At least five years |
| Minimum initial investment | $10,000 or $1,000 with Regular Savings Plan | $10,000 or $1,000 with Regular Savings Plan |
| Management fee | 0.90% p.a. | 0.80% p.a. |
| Performance fee | N/A | 15% of the Fund’s return above the S&P/ASX 200 Accumulation Index |
| Distribution frequency | Quarterly | Quarterly |
| APIR code | PAM0001AU | HOW0026AU |
| mFund ticker | ALH01 | ALH02 |
Jacob Barnes and Elfreda Jonker reflect on the domestic consumer environment, Alphinity’s current positioning and the outlook for consumer behavior.
Johan Carlberg and Elfreda Jonker discuss Johan’s recent journey to China and the insights on economic growth in the post-COVID era, shedding light on China’s evolving role in the global economy.
Jessica Cairns, joined Escala Partners “Perspectives on Zero Podcast” with Investment Analyst, Darragh Kennelly to discuss recent progress from Australian companies transitioning to net zero and A.I. considerations for responsible investing.
Andrew Martin and Elfreda Jonker reflect on the August 2023 reporting season and discuss the key themes from the past few months.
Stephan Andre and Elfreda Jonker reflect on the outlook for global commodities and how Alphinity are positioned going forward.
Andrew Martin and Elfreda Jonker discuss the Australian banking sector, examining its current state and the anticipated outlook for the remainder of 2023.
Jessica Cairns considers the importance of balancing climate goals with the social and economic impact of the Mt Arthur mine closure and issues to be addressed through a just transition plan.
