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 March 2024
| 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 | 5.8 | 13.7 | 9.4 | 9.4 | 9.0 | 8.3 | 9.4 |
| S&P/ASX 300 Accumulation Index | 5.4 | 14.4 | 9.5 | 9.2 | 8.6 | 8.3 | 8.8 |
Alphinity Concentrated Australian Share Fund –
Performance (after fees) as at 31 March 2024
| 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 | 12.6 | 9.1 | 8.9 | 8.9 | 9.1 | 10.0 |
| S&P/ASX 200 Accumulation Index | 5.3 | 14.4 | 9.6 | 9.1 | 8.6 | 8.3 | 8.9 |
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 |
Bruce Smith and Elfreda Jonker discuss the domestic real estate sector, the implications of what is happening to bond yields.
Andrew Martin and Elfreda Jonker reflect on the major Australian banks, their recent surge, and share their insights on the outlook.
Stuart Welch and Elfreda Jonker discuss the upcoming reporting season and themes we’re expecting to see over the next few weeks.
Elfreda Jonker shares insights from our analysis of 2023’s unique investment challenges and explains how Alphinity’s focus on resilient earnings is shaping a promising financial outlook for 2024.
Andrew Martin and Elfreda Jonker provide an outlook for Australian equities in 2024.
During 2023, we faced an investing conundrum where ‘good news’ such as strong economic data ironically meant ‘bad news’ for equity markets due to the need for high cash rates; Elfreda Jonker provides a review of the year and discusses the outlook for Australian equities.
Johan Carlberg and Elfreda Jonker reflect on the market in 2023 and discuss the outlook for the Australian economy in 2024.
