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.

+20.4% p.a.

+20.4% p.a.

Annualised Return Since Inception (net of fees)

219.2%

219.2%

Total Return Since Inception (net of fees)

$2.30

$2.30

ASX Unit Price As at 4th October 16:57

Change $0.03 / 1.2%

Aug 2015

Aug 2015

Inception

OPH

OPH

ASX Code

The Ophir High Conviction Fund (ASX:OPH)

Net Return on $100k Invested at Inception.

The above chart represents the return on $100,000 invested in the Ophir High Conviction Fund at its inception on 3 August 2015, net of all management fees and assuming reinvestment of distributions. No allowance has been made for tax. Please note that past performance is not a reliable indicator of future performance.

Current Unit Price
Price Movement +/- Volume Daily High Daily Low 52 Week Range Market Cap.
/
Net Asset Value as at 6 December 2021.
NAV per Unit
$3.34
NAV Performance as at 31 October 2021.
Since Inception p.a. 5 Year p.a. 3 Year p.a. 1 Year 3 Month 1 Month
Ophir High Conviction Fund^ 24.9% 22.0% 24.4% 33.8% 8.8% -0.3%
Benchmark* 12.8% 12.9% 14.5% 28.9% 3.6% 0.6%
Value Add (Gross) 12.1%   9.1% 9.9% 4.9% 5.2% -0.9%
Fund Return (Net)^^ 20.4% 18.8% 20.6% 31.5% 8.0% -0.1%
ASX:OPH Unit Price Return n/a n/a n/a 17.3% 4.2% -2.0%
^Gross performance (pre all fees) assuming all distributions re-invested from inception *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

     

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned <date/year>) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines – Zenith Investment Partners (zenithpartners.com.au)

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

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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:

  1. Visit investorserve.com.au and select ‘REGISTER NOW’
  2. 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
  3. 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: [email protected] The Ophir High Conviction Fund share register is maintained by Boardroom Pty Ltd.

DISTRIBUTION/ DIVIDEND 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 NAV of the Ophir High Conviction Fund is released weekly to the ASX. This can be accessed on the Ophir website under ‘ASX Announcements’. Investors can view the unit price on the Ophir website on a delayed basis, or via the ASX website at https://www2.asx.com.au/markets/company/OPH

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.

PDS

Documents

Update to PDS

ROM

Conversion FAQ’s

ROM