The Ophir High Conviction Fund (ASX:OPH)
The Ophir High Conviction Fund is an ASX-listed long only, small and mid-cap Australian equities fund. The Fund typically invests in a concentrated portfolio of 15-30 companies listed outside the S&P/ASX 50. As a Listed Investment Trust, the Fund is accessible on the ASX under ticker code ‘OPH’. Utilising Ophir’s extensive fundamental, bottom-up research process, the Fund focuses on identifying high quality businesses exposed to structural growth opportunities.
With a bias toward cash generative businesses with sound balance sheets and highly capable management teams, the Fund seeks to identify these opportunities early in a company’s life cycle, when it is typically under-researched and under-valued by the investment market.
+18.6% p.a.
Annualised Return Since Inception (net of fees)
131.3%
Total Return Since Inception (net of fees)
$2.30
ASX Unit Price As at 4th October 16:57
Change $0.03 / 1.2%
Aug 2015
Inception
OPH
ASX Code
The Ophir High Conviction Fund (ASX:OPH)
Net Return on $100k Invested at Inception.
Current Unit Price
| Price | Movement +/- | Volume | Daily High | Daily Low | 52 Week Range | Market Cap. |
|---|---|---|---|---|---|---|
| / |
Net Asset Value as at 3 July 2020.
| NAV per Unit |
|---|
| $2.98 |
NAV Performance as at 30 June 2020.
| Since Inception p.a. | 3 Year p.a. | 1 Year | 6 Month | 3 Month | 1 Month | |
|---|---|---|---|---|---|---|
| Ophir High Conviction Fund^ | 23.7% | 20.4% | 16.5% | 9.2% | 24.8% | 2.9% |
| Benchmark* | 8.8% | 6.1% | -2.6% | -7.0% | 27.1% | 1.1% |
| Value Add (Gross) | 14.9% | 14.3% | 19.1% | 16.2% | -2.3% | 1.8% |
| Fund Return (Net)^^ | 18.6% | 16.4% | 10.6% | 4.5% | 25.2% | 2.5% |
| ASX:OPH Unit Price Return | n/a | n/a | 7.7% | 34.2% | 7.7% |
*50% S&P/ASX Small Ordinaries Accumulation Index (XSOAI), 50% S&P/ASX Midcap 50 Accumulation Index (XMDAI)
^^Net Return after all Fees for Ophir High Conviction Fund – Class A
This information refers to investments in the Ophir High Conviction Fund (ARSN 620 920 201) (Fund). The Trust Company (RE Services) Limited (ABN 45 003 278 831, AFSL 235 150) is the responsible entity of, and issuer of units in, the Fund. Ophir Asset Management Pty Ltd (ABN 88 156 146 717) (Ophir) is the manager of the Fund. Ophir is authorised to provide financial services to wholesale clients only (as defined under s761G or s761GA of the Corporations Act 2001 (Cth)). This information is intended only for wholesale clients and must not be forwarded or otherwise made available to anyone who is not a wholesale client. This information is not designed to be personal financial product advice to any person. No aspect of this information takes into account the objectives, financial situation or needs of any person. Before making an investment decision, you should read the Product Disclosure Statement and (if appropriate) seek professional advice to determine whether the investment is suitable for you. Ophir does not guarantee repayment of capital or any particular rate of return from the Fund. An investment may achieve a lower than expected return and investors risk losing some or all of their principal investment. Past performance is no indication of future performance.
HOW TO INVEST
As an ASX-listed investment trust, new and existing investors can purchase or sell units on the ASX via their financial adviser or online trading platform.
1.
READ THE OFFER DOCUMENT
The Ophir High Conviction Fund Product Disclosure Statement is available here.
2.
SPEAK TO YOUR FINANCIAL ADVISER OR VISIT YOUR ONLINE TRADING PLATFORM
You can access ‘OPH’ units via your financial adviser or preferred online trading platform (eg. CommSec, NAB Trade, Westpac Broking, ANZ Broking).
3.
PURCHASE ON THE ASX
Select an amount to invest in ticker code ‘OPH’.
If you have any questions on investing with us, contact us.
ASX ANNOUNCEMENTS
FUND DETAILS
| ASX Code | OPH |
|---|---|
| Benchmark | 50% S&P/ASX Small Ordinaries Accumulation Index (XSOAI) 50% S&P/ASX Midcap 50 Accumulation Index (XMDAI) |
| Responsible Entity | The Trust Company (RE Services) Limited |
| Investment Manager | Ophir Asset Management Pty Ltd |
| Portfolio Managers | Andrew Mitchell & Steven Ng |
| Inception Date | 4 August 2015 |
| Stock Holdings | 15-30 Stocks |
| Cash Distributions | Annually |
| Client Risk Profile | Growth |
| Recommended Investment Period | At least 5 years |
| Fees and Charges | Management Fee: 1.23% per annum of Net Value Performance Fee: 20.5% p.a. of the amount the fund outperforms its benchmark during a performance period, after deduction of other fees and expenses and provided any underperformance from previous periods have been recovered |
INVESTOR CENTRE
Ophir High Conviction Fund investors can access their holding details, distribution statements and all relevant administration forms by visiting Boardroom Pty Ltd’s InvestorServe website:
New InvestorServe users can register for an account in three simple steps:
- Visit investorserve.com.au and select ‘REGISTER NOW’
- Complete the details on your Ophir holding including holding type and securityholder reference number. This information can be found on your holding statement or by contacting Boardroom Pty Ltd on 1300 737 760
- Select ‘REGISTER’ to set up your account.
All enquiries relating to your holding in the Ophir High Conviction Fund and/or the administration of these holdings can be directed to Boardroom Pty Ltd:
Phone Within Australia: 1300 737 760
Phone Outside Australia: +61 (0) 2 9290 9600
Email: enquiries@boardroomlimited.com.au
The Ophir High Conviction Fund share register is maintained by Boardroom Pty Ltd.
DISTRIBUTION HISTORY
| Distribution Date | Distribution rate – cents per unit | Period |
|---|---|---|
| 30 June 2017 | 0.9261 | Financial year ending 30/6/17 |
| 30 June 2018 | 2.5363 | Financial year ending 30/6/18 |
| 13 November 2018 | 10.8244 | Financial year ending 30/6/19 |
FAQS
As an investment trust, the Ophir High Conviction Fund returns all capital gains, income and franking credits realised by the Fund (less fees) over the 12 months to the end of the Financial Year. This is returned to investors on an untaxed basis.
As an ASX-listed investment trust, new and existing investors can purchase or sell units on the ASX via their financial adviser or online trading platform.
The Ophir High Conviction Fund’s ASX code is OPH.
Ophir High Conviction Fund investors can access their holding details, distribution statements and relevant administration forms by visiting Boardroom Pty Limited’s InvestorServe website: https://www.investorserve.com.au/ophirhighconviction
CORPORATE GOVERNANCE
Corporate governance policies and charters for the Ophir High Conviction below can be accessed via the links below.
