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Grant Samuel Global Equity Advantage Fund

 


Investment Objective

The Fund aims to achieve superior risk adjusted returns (before fees) over the medium to long term while maintaining a lower level of volatility than the benchmark. It aims to provide quarterly income derived from two sources: the investment in the Underlying Fund; and income from its option strategy.


The Fund

The Grant Samuel Global Equity Advantage Fund (the Fund) gains exposure to global equity markets by investing the majority of its assets in the Grant Samuel Epoch Global Equity Shareholder Yield (Unhedged) Fund (the Underlying Fund).The Fund will use exchange traded and over-the-counter (OTC) derivatives to implement an options overlay to provide a buffer that aims to reduce the full impact of market downturns on the investment in the Underlying Fund during periods of equity market stress (the Options Overlay).


The Investment Managers

The majority of the Fund will be invested in the Grant Samuel Epoch Global Equity Shareholder Yield (Unhedged) Fund. The investment manager of the Underlying Fund is Epoch Investment Partners, Inc. (Epoch).

Epoch was established in April 2004 by four experienced professionals. Epoch believes that a paradigm shift is taking place in the sources of return for investors in global equity markets and that the key to producing superior risk adjusted returns will be to focus on free cash flow, instead of traditional valuation measures such as Price-to-Earnings or Price-to-Book ratios. Epoch focus on companies generating free cash flow run by management committed to deploying that cash flow for the benefit of shareholders through dividends, share repurchases and debt reduction. Epoch define these uses of free cash flow (dividends, share buybacks and debt reductions) as "Shareholder Yield".

The Options Overlay is implemented by Triple Three Partners Pty Limited (Triple3)

Triple3 is an independent research and investment management firm that specialises in volatility as an asset class. The firm services institutional clients around the world providing volatility research services and alpha products.

Triple3 focuses on developing systematic, absolute return strategies by combining its forecasting capability with stringent risk controls to produce customised products for clients. The team utilises quantitative and systematic alpha generation processes and within a risk management framework

 

Documentation

IMPORTANT INFORMATION

Grant Samuel Fund Services Limited ABN 48 129 256 104 AFSL 321517 (Grant Samuel Funds Services) is the responsible entity of the Grant Samuel Global Equity Advantage Fund ARSN 607 256 173 (the Fund) and is the issuer of this information. The Fund is registered as a managed investment scheme under the Corporations Act 2001 (Cth). Grant Samuel Funds Services has appointed Triple3 Partners Pty Limited as the investment manager of the Fund. Class A Units in the Fund are available for issue by Grant Samuel Funds Services, as responsible entity of the Fund. This information has been prepared as general information only without taking account the objectives, financial situation or needs of individuals. Before making an investment decision in relation to the Fund, investors should consider the appropriateness of this information, having regard to their own objectives, financial situation and needs. Prospective investors should read and consider the product disclosure statement for the Fund dated 22 September 2015 and the Additional Information to the Product Disclosure Statement. Copies of these documents can be obtained by calling 1300 133 451 or from this website. Applications to invest in the Fund must be made on the application form which can be downloaded from this website or obtained by calling 1300 133 451.

Offer Documents

The Grant Samuel Global Equity Advantage Fund

Retail investors may invest in the Fund through a licensed financial adviser.

The PDS contains a number of references to important information contained in the Additional Information to the Product Disclosure Statement which forms part of the PDS. You should read this information together with the PDS before making a decision to invest into the Fund.


Grant Samuel Global Equity
Advantage Fund Class A PDS

Class A Additional Information
to the Product Disclosure Statement

Grant Samuel Global Equity
Advantage Fund Class S PDS

Class S Additional Information
to the Product Disclosure Statement


Please click here to access product updates and disclosures

Please click on the links below to download the Application Forms


            

Please click on the link below to download the Withdrawal Form for the Funds


New Investor                 Existing Investor

Application Form         Application Form

Withdrawal Form




Change of details form.




 

About Epoch

Epoch is a New York based US and global equity investment manager formed in 2004 by four experienced professionals who foresaw a significant change in the drivers of investment returns. Three of the founders, Bill Priest, David Pearl and Tim Taussig continue to lead the firm today. Bill Priest Epoch’s CEO and co- CIO, is an industry veteran with more than 45 years investment experience.

Epoch believes that a paradigm shift is taking place in the sources of return for investors in global equity markets and that the key to producing superior risk adjusted returns will be to focus on free cash flow, instead of traditional valuation measures such as Price-to-Earnings or Price-to-Book ratios. Epoch focus on companies generating free cash flow run by management committed to deploying that cash flow for the benefit of shareholders through dividends, share repurchases and debt reduction. Epoch define these uses of free cash flow (dividends, share buybacks and debt reductions) as “Shareholder Yield”.

A fundamental belief at Epoch is that their products should have small teams of investment professionals managing a strategy, but with one individual ultimately responsible for the performance of the portfolio. Supporting that person is the entire research team effort of the firm. Epoch’s Head of the Quantitative Research & Risk Management group is also a co-portfolio manager on all their funds which highlights the importance of risk management and quantitative input into their investment process.


Epoch Articles

CEO and Co-CIO Bill Priest, an industry veteran with more than 45 years investment experience has a long history of providing timely perspectives on investment issues. We encourage you to peruse not only his recent research papers, but also those of other members of Epoch's investment personnel (who average over 20 years investment experience) which are available on their website www.eipny.com. We also feature some of these papers in the Articles & White Papers section of this website.

 

Ratings reports are intended for financial services licensees only.



Terms & Conditions

BY CLICKING ON 'CONFIRM', I DECLARE I AM A FINANCIAL SERVICES LICENSEE AS DEFINED IN THE CORPORATION ACT 2001.

What is a financial services licensee? A person or entity is a financial services licensee if they hold an Australian financial services licence issued pursuant to the Corporations Act 2001.

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Fund Ratings


#Zenith Investment Partners provides independent investment research services to financial advisers and other investment product providers.

Zenith Investment Partner's Product Assessment specifically addresses a qualitative assessment of the fund manager's investment process, security selection, portfolio construction, risk management, applications of the fund and quantitative assessment of absolute and relative performance, consistency and risk adjusted performance.

Financial Advisers who wish to request a copy of Zenith's Product Assessment Report of the Grant Samuel Global Equity Advantage Fund please click on the link below:

clientservice@gsfm.com.au



#The Zenith Investment Partners ("Zenith") Australian Financial Services License No. 226872 rating (assigned October 2015) referred to in this document is limited to "General Advice" (as defined by the 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. 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. Zenith usually charges the product issuer, fund manager or a related party to conduct Product Assessments.
Full details regarding Zenith's methodology, ratings definitions and regulatory compliance are available on our Product Assessment's and at http://www.zenithpartners.com.au/RegulatoryGuidelines

About Triple3

Grant Samuel Funds Management has appointed Triple3 to act as Investment Manager for the Fund. Triple3 is an independent research and investment management firm that specialises in volatility as an asset class.

Sydney-based Triple3 is a recognised expert in the field of volatility, providing research and investment management services to investment banks, institutional investors and stock exchanges globally.

Triple3 focuses on developing systematic, absolute return strategies by combining its forecasting capability with stringent risk controls to produce customised products for clients. The team employs strong portfolio risk management systems and utilises quantitative, systematic alpha generation and risk management processes. 

The portfolio managers for the Fund are Simon Ho, Chief Investment Officer and John Zhu, Portfolio Manager.

Simon Ho, Chief Investment Officer

Simon founded Triple3 in 2009. He has over 20 years of industry experience, where he held senior options trading and risk management roles at firms including; Goldman Sachs London, Merrill Lynch New York, and JP Morgan Singapore. He is involved in various initiatives within the options industry to develop volatility-based products and is a regular options expert contributor to various TV and print media outlets. Simon completed a Bachelor of Social Science (Economics) at the University of New South Wales in 1992.

As the CIO, Simon spends a substantial amount of his time overseeing the management of the Volatility Advantage investment strategy. 

John Zhu, Portfolio Manager

John has over 8 years’ experience in financial markets, in both quantitative research and trading. His previous roles include quantitative trading at ABN Amro and Royal Bank of Scotland, and options market-making at Optiver. John completed his BSc Honours (First Class) in Applied Mathematics specialising in quantitative finance at Sydney University in 2006, where he won the prestigious University Medal. John has also successfully passed all three levels of the CFA program.

John is responsible for implementation of the strategy of the Fund on a day to day basis. He primarily spends his time on investment activities applicable to the Volatility Advantage investment strategy.

Unit Prices & Distribution

Unit Prices - Class A (cum)

As At Date NAV Price Entry Price Exit Price
  • 27/05/2016
  • 1.0196
  • 1.0216
  • 1.0176
  • 26/05/2016
  • 1.0154
  • 1.0174
  • 1.0134
  • 25/05/2016
  • 1.0149
  • 1.0169
  • 1.0129
  • 24/05/2016
  • 1.0094
  • 1.0114
  • 1.0074
  • 23/05/2016
  • 0.9955
  • 0.9975
  • 0.9935
to
Download Latest Unit Prices

Unit Prices - Class S (cum) (cum)

As At Date NAV Price Entry Price Exit Price
  • 27/05/2016
  • 1.0318
  • 1.0339
  • 1.0297
  • 26/05/2016
  • 1.0276
  • 1.0297
  • 1.0255
  • 25/05/2016
  • 1.0271
  • 1.0292
  • 1.0250
  • 24/05/2016
  • 1.0214
  • 1.0234
  • 1.0194
  • 23/05/2016
  • 1.0074
  • 1.0094
  • 1.0054
to
Download Latest Unit Prices




The most recently available actual application/redemption prices are set out here. If unit prices are not available for today then the latest available prices will be displayed.  Unit prices are usually calculated each business day and are not available for weekends and public holidays.  The application and redemption prices you will receive if you were to apply for or redeem units in the Fund may differ from that shown above because the actual price will be calculated by reference to a different date. Your actual application/redemption price will be confirmed following any transactions on your units. Unit prices are provided for information purposes only.  They are not an offer or recommendation to you to buy or sell units in the Fund, nor a solicitation for deposits or other business, whether directly or indirectly, in Australia or in any other jurisdiction. No promise or warranty is made or given with respect to the performance of the Fund.  No promise or warranty is given and no liability is accepted for any inaccuracy, error or omission in this information.  The application/redemption prices shown above do not take into account any application fees or exit fees that may be payable upon entry to or exit from the Fund, and are expressed in Australian dollars.

Past performance information given on this page is given for illustrative purposes only and should not be relied upon as (and is not) and indication of future performance. None of Grant Samuel Fund 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. This information is provided for persons in Australia only and is not provided for the use of any person who is in any other country.

How to Invest

Retail investors may invest in the Fund through a licensed financial adviser.




Contact details

Responsible Entity

Grant Samuel Funds Services Limited
Telephone +61 2 9324 4356

Client Services

Telephone 1300 133 451
Email: registry@fundbpo.com

Business Development Team


Damien McIntyre
Head of Distribution

Telephone: + 61 3 9949 8800
Mobile: 0407 266 999

Stephen Fletcher
State Manager
Victoria & Tasmania
Telephone: +61 3 9949 8800
Mobile: 0400 559 118

Karen Brown
State Manager
Western Australia
Telephone: + 61 8 9322 2811
Mobile: 0401 222 372

David Blair
Key Account Manager
New South Wales, ACT,
South Australia and Northern Territory
Telephone: + 61 2 9324 4352
Mobile: 0410 484 389

Steven Taylor
State Manager
Queensland
Telephone: +61 7 3012 6159
Mobile: 0404 092 635

Shaun Thomas
Key Account Manager
New South Wales
Telephone: +61 2 9324 4355
Mobile: 0450 157 588

Huw O'Grady
Key Account Manager
Victoria
Telephone: +61 3 9949 8825
Mobile: 0419 200 052