Aura Global Endowment Fund
About the Fund
The Aura Global Endowment Fund is designed for investors seeking a balanced, diversified solution to investing across multiple asset classes and investment styles. The Fund's strategy is underpinned by an experienced team with a 13-year plus track record of managing a portfolio with a similar investment strategy, for a large Corporate Endowment portfolio.
The purpose of this Fund is to generate attractive stable, risk-adjusted returns through asset allocation, specifically positioning exposures using risk-adjusted return analysis. The key differentiator of the Fund is to minimise the risk of substantial negative return periods by balancing exposures with underlying correlation analysis and expected returns projections.
The Fund aims to generate a total return of CPI +2.5% p.a. over rolling 5-year periods, net of fees and expenses. The Manager will tilt towards different investment styles depending on a range of factors, including their assessment and expectations for risk-adjusted returns of asset classes, valuations, economic and market cycles, and general market sentiment/momentum.
2.0%
12.0%
8.0%
16.7%
Overview
The following returns are as at 30 November 2024.
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1 Month
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3 Month
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6 Month
|
1-Year
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Since Inc. (p.a.)
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Since Inc. (cum)*
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|
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AGEF (net returns)
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2.0%
|
3.4%
|
5.2%
|
12.0%
|
8.0%
|
16.7%
|
|
CPI + 2.5% (benchmark return)
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0.4%
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1.3%
|
2.9%
|
6.2%
|
7.8%
|
16.3%
|
*Past performance is not a reliable indication of future performance. Net returns are after fees and expenses and assume the reinvestment of distributions. Returns and distributions are not guaranteed. Inception date: 1 December 2022.
Boutique approach to multi-asset investment via a mix of passive and active strategies
Formulaic, responsive method aimed at reduced volatility
Aims of total return of CPI + 2.5% p.a. net of fees & expenses over 5-yr periods
Intends to offer monthly redemptions & semi-annual distributions
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Eligible Investors
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Type, Frequency & Target Return
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Minimum Funds & Redemptions
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Management Expenses
Wholesale clients as defined by the Corporations Act who have an accountant’s certificate confirming a gross income of over $250,000 p.a. in each of the previous two years and or net assets of at least $2.5 million. Alternatively, you may qualify without an accountant’s certificate if you invest $500,000 or more.
The Aura Global Endowment Fund is an open-ended fund that provides semi-annual distributions, targeting a total return of CPI + 2.5% p.a. (net of fees and expenses) over rolling 5-year periods.
Aura Group Funds have a minimum investment of A$250,000. The Fund intends (but does not guarantee) to satisfy withdrawal requests on a monthly basis, provided a valid redemption request is submitted at least 30 days before the last calendar day of each month and subject to available cash. Investors will generally be paid their redemption proceeds within 30 days after the end of each month.
The Fund has a management fee of 1.08 p.a.% (excluding GST). The Manager has agreed to cover all direct Fund expenses, such as custody and fund administration expenses.
How to Apply
Thank you for your interest in the Aura Global Endowment Fund.
The Fund has a minimum investment of A$250,000, if you meet the criteria for wholesale and sophisticated clients as defined by the Corporations Act 2001.
Before making an application for units in the Fund, please read the Information Memorandum.
What is the Fund's investment objective?
The investment strategy seeks to drive value through asset allocation, specifically positioning exposures on attractive risk-adjusted return analysis. A key focus of the strategy is to seek to minimise the risk of substantial drawdowns through a quantitative optimisation model that seeks to balance exposures with underlying correlation analysis and expected returns and risk projections. Any such projections are subject to assumptions made by the Manager, and expected returns are subject to risks and are not guaranteed.
The Fund targets a total return of CPI + 2.5% p.a. (net of fees and expenses) over rolling 5-year periods. This is a target only, and there is no guarantee that this target will be achieved.
The Fund targets a total return of CPI + 2.5% p.a. (net of fees and expenses) over rolling 5-year periods. This is a target only, and there is no guarantee that this target will be achieved.
What is the minimum initial investment?
The minimum investment for the Aura Global Endowment Fund is $250,000, though lower amounts may be considered.
How often is income paid?
The Fund intends to make semi-annual distributions, subject to the performance of the Fund. Investors can elect to re-invest distributions into new Units of the Fund; if no election is made, distributions will be automatically reinvested. The units issued under the distribution period, using the applicable ex-distribution NAV price.
How do I redeem funds?
The Fund intends to satisfy withdrawal requests on a monthly basis, provided a valid redemption request is submitted at least 30 days' before the last calendar day of each month and subject to available cash.
Provided the Fund has sufficient liquidity to satisfy withdrawal requests, investors will generally be paid their redemption proceeds within 30 days after the end of each month.