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Epoch Global Equity Shareholder Yield (Hedged) Fund

The Fund pursues attractive total returns with above-average levels of income by investing in a diversified portfolio of global companies with strong and growing free cash flow;  its foreign currency exposure is substantially hedged back into Australian dollars.

Fund Overview

The Fund is designed to seek attractive total returns with an above average level of income from a diversified portfolio of global companies that are sustainably growing their free cash flow year after year, and returning that cash to shareholders through consistent or increasing dividends, share buybacks and debt reduction. Epoch defines these uses of free cash flow as ‘shareholder yield’.

Before making an investment, Epoch analyses a company as if it were looking to purchase the entire business. The Fund invests in businesses with understandable operating models, transparent financial statements, and a proven ability to generate free cash flow.

By actively seeking companies with strong shareholder yield characteristics, Epoch’s goal is to construct a portfolio that will achieve a higher level of yield than other income options, as well as capital growth.

This can be particularly important in a retirement portfolio; capital appreciation can help boost assets in the accumulation phase, and help sustain a portfolio during the drawdown phase.

Entry and exit prices are available here.

QUICKLINKS
FUND FACTS
  • APIRGSF0001AU
  • mFund codeGSF01
  • Inception date15 May 2008
  • DistributionsQuarterly
  • Fund size at 31.05.2024 $222.59 M
  • Units on Issue at 31.05.2024 245.44 M
HOW TO INVEST

Investment can be made using the Fund’s PDS, via mFund or through key platforms, including:

  • AMP MyNorth
  • AMP North
  • AMP Hillross Portfolio Care
  • ANZ Grow Wrap
  • Asgard
  • AUSMAQ
  • Beacon
  • BT Panorama
  • Colonial FirstWrap\
  • CFirstWrap
  • HUB24
  • IOOF
  • Macquarie Wrap
  • Mason Stevens
  • MLC Navigator
  • MLC Wrap
  • Netwealth
  • Oasis
  • PowerWrap
  • Praemium
  • Summit
  • Suncorp WealthSmart
  • uXchange
  • Wealthtrac
  • Xplore Wrap
Research opinion

Portfolio Value of $10,000 Invested

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    string(5) "24.11"
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    string(4) "7.07"
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    string(5) "11.78"
    ["benchmark_7_year"]=>
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    string(5) "10.09"
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Epoch Global Equity Shareholder Yield Fund (Hedged) Performance

As at
31 May 2024
Month % 3 Months % 1 Year % 3 Years % p.a. 5 Years % p.a. 7 Years % p.a. 10 Years % p.a. Since Inception1
% p.a.
Fund2 3.28 4.48 15.85 5.81 6.84 5.32 6.14 7.24
Benchmark3 4.04 4.02 24.11 7.07 11.78 10.04 10.09 8.64
Over / (Under) (0.76) 0.46 (8.26) (1.26) (4.94) (4.72) (3.95) (1.40)

Epoch Global Equity Shareholder Yield Fund (Hedged) Performance Components

As at
31 May 2024
Month % 3 Months % 1 Year % 3 Years % p.a. 5 Years % p.a. 7 Years % p.a. 10 Years % p.a. Since Inception1
% p.a.
Distribution4 0.00 0.12 1.11 3.68 3.17 4.59 7.14 7.85
Growth 3.28 4.36 14.74 2.13 3.67 0.73 (1.00) (0.61)
Total 3.28 4.48 15.85 5.81 6.84 5.32 6.14 7.24

15 May 2008
Fund returns are calculated net of management fees and assuming all distributions are reinvested
3 MSCI World ex- Australia Index, Net dividends reinvested, 100% hedged into $A*

Past performance is not a reliable indicator of future performance.

*All data is the property of MSCI. No use or distribution without written consent. Data provided “as is” without any warranties. MSCI assumes no liability for or in connection with the data.

IMPORTANT INFORMATION
This material has been provided for general information purposes only and must not be construed as investment advice. This material has been prepared without taking account of the objectives, financial situation or needs of individuals. Before making an investment decision in relation to a Fund, investors should consider the appropriateness of this information, having regard to their own objectives, financial situation and needs, and read and consider the product disclosure statement (PDS) for the Fund prior to making any investment decision. The PDS is available on this website or by calling 1300 133 451.

Past performance information provided on this website is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance. Investing involves risk including loss of capital invested. None of GSFM Responsible Entity Services Limited, its related bodies or associates nor any other person guarantees the repayment of capital or the performance of the Fund or any particular returns from the Fund. Please click on this link to read the disclaimers in full.

Investment Team

Kera Van Valen CFA

Kera Van Valen CFA

Managing Director & Portfolio Manager

John Tobin PhD, CFA

John Tobin PhD, CFA

Managing Director & Portfolio Manager

Michael A. Welhoelter CFA

Michael A. Welhoelter CFA

Head of Quantitative Research and Risk Management

FUND AT A GLANCE
  • A diversified portfolio of 90-120 global companies with attractive income and capital growth potential
  • Risk management seeks to achieve the least possible volatility for the return characteristics sought
  • Complements other global equity strategies that primarily focus on traditional valuation methods and capital appreciation
  • Suitable for investors seeking income; generally provides a tax-effective income (yield + low turnover)
  • Portfolio substantially hedged back into $A using foreign exchange contracts
  • Highly regarded by research houses

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