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Triple3 Volatility Advantage Fund

 

The Investment Manager

Sydney-based Triple Three Partners Pty Ltd (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.

The investment team at Triple3 is comprised of six dedicated research and investment professionals.

The team has spent seven years developing its volatility strategy, including the quantitative forecasting techniques and portfolio algorithms that underpin the strategy used in the Triple3 Volatility Advantage Fund.

 

The Fund

The Triple3 Volatility Advantage Fund is a volatility-focused strategy designed to capture alpha from highly liquid exchange-traded VIX options.

The Fund aims to generate long-term absolute returns, with an emphasis on positive returns when the Standard & Poor’s 500®, also known as the S&P 500 Index®, (SPX) experiences falling (or ‘bear’) markets.

It is expected that the investment strategy will perform best in periods where the SPX is falling. In periods where the SPX is choppy, the investment strategy is expected to generate positive returns, and where the SPX remains stable or increases only steadily, the investment strategy is expected to generate cash-like returns.

The Fund invests in VIX options, and other volatility related options, to gain exposure to volatility on the SPX. It has an investment horizon of five years. 

The VIX is a measure of 30 day implied volatility (which is derived from option prices) on the SPX. The variability, or ‘volatility’, of equity returns historically rises when markets fall; making the VIX an appropriate instrument for targeting returns that are negatively correlated to SPX.

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


Documentation


Class A




Class S

Please click here to access product updates and disclosures

IMPORTANT INFORMATION

Grant Samuel Fund Services Limited ABN 48 129 256 104 AFSL 321517 (Grant Samuel Funds Services) is the responsible entity of the Triple3 Volatility Advantage Fund ARSN 168 796 718 (Fund) and is the issuer of this information. Grant Samuel Fund Services has appointed Triple Three Partners Pty Ltd ABN 20 135 656 236  AFSL 337236 as the investment manager of the Fund. Class A Units in the Fund are available for issue by Grant Samuel Fund Services, as responsible entity of the Fund. 

This information has been prepared without taking account of 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 and read and consider the product disclosure statement for the Fund dated 20 July 2015 (PDS). The PDS may 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.

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.

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

The Triple3 Volatility Advantage Fund has been reviewed by the following Research Houses. Please note that ratings reports are intended for financial advisers only.


*Lonsec Managed Funds Research provides independent research in managed funds to the Australian financial planning community.

"The 'Recommended' rating indicates that Lonsec has strong conviction the financial product can generate risk adjusted returns in line with relevant objectives. The financial product is considered an appropriate entry point to this asset class or strategy".

Financial Advisers who wish to request a copy of Lonsec's Review of the Triple3 Volatility Advantage Fund please click on the link below:

clientservice@gsfm.com.au




#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 Triple3 Volatility Advantage Fund please click on the link below:

clientservice@gsfm.com.au



*The Lonsec Rating (assigned July 2015) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421445. The Rating is a “class service” (as defined in the Financial Advisers Act 2008 (NZ)) or is limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). In New Zealand it must only be provided to “wholesale clients” (as defined in the Financial Advisers Act 2008 (NZ)). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Grant Samuel Fund Services Limited or Triple3 Investment Partners product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria.

For further information regarding Lonsec's Ratings methodology, please refer to our website at:
http://www.beyond.lonsec.com.au/intelligence/lonsec-ratings



#The Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating (assigned 25 November 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

Performance

Triple3 Volatility Advantage Fund Class A

As at 30-Apr-2016 Month
%
3 Months
%
1 Year
%
2 Years
%
3 Years
%
5 Years
%
Since Inception ^
%
Fund¹ 1.65 1.05 -0.18 n/a n/a n/a -3.07

^ Inception Date: 12 May 2014

¹Fund performance is calculated net of management fees and assuming all distributions are reinvested.

Past performance is not a guide to future performance


Triple3 Volatility Advantage Fund Class S

As at 30-Apr-2016 Month
%
3 Months
%
1 Year
%
2 Years
%
3 Years
%
5 Years
%
Since Inception ^
%
Fund¹ 1.65 1.05 -0.20 n/a n/a n/a -3.19

^ Inception Date: 3 July 2014

¹Fund performance is calculated net of management fees and assuming all distributions are reinvested.

Past performance is not a guide to future performance


Grant Samuel Fund Services Limited ABN 48 129 256 104 AFSL 321517 (Grant Samuel Funds Services) is the responsible entity of the Triple3 Volatility Advantage Fund ARSN 168 796 718 (Fund) and is the issuer of this information. Grant Samuel Fund Services has appointed Triple Three Partners Pty Ltd ABN 20 135 656 236  AFSL 337236 as the investment manager of the Fund. Class A Units in the Fund are available for issue by Grant Samuel Fund Services, as responsible entity of the Fund.

This information has been prepared without taking account of 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 and read and consider the product disclosure statement for the Fund dated 20 July 2015 (PDS). The PDS may 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.

Past performance information given in this document is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance. None of Grant Samuel Fund Services, 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.

Unit Prices & Distribution

Link: Investor Distributions: Proportional Tax Components for year ended 30 June 2014.

Unit Prices Class A (cum)

As At Date NAV Price Entry Price Exit Price
  • 27/05/2016
  • 0.9394
  • 0.9413
  • 0.9375
  • 26/05/2016
  • 0.9386
  • 0.9405
  • 0.9367
  • 25/05/2016
  • 0.9381
  • 0.9400
  • 0.9362
  • 24/05/2016
  • 0.9374
  • 0.9393
  • 0.9355
  • 23/05/2016
  • 0.9361
  • 0.9380
  • 0.9342
to
Download Latest Unit Prices

Unit Prices - Class S (cum)

As At Date NAV Price Entry Price Exit Price
  • 27/05/2016
  • 0.9393
  • 0.9412
  • 0.9374
  • 26/05/2016
  • 0.9385
  • 0.9404
  • 0.9366
  • 25/05/2016
  • 0.9380
  • 0.9399
  • 0.9361
  • 24/05/2016
  • 0.9373
  • 0.9392
  • 0.9354
  • 23/05/2016
  • 0.9360
  • 0.9379
  • 0.9341
to
Download Latest Unit Prices

Distribution - Class A (CPU and Ex date prices)


Period To Distribution Amount
(cents per unit)
Reinvestment price
($)
Valuation Price on Ex Date ($) Distribution Component
Information
IMD02P001: Ex Date Unit Prices IMD02P004: CPU & Ex Date Prices
  • 30/06/2014
  • 0.435895
  • 0.9950
  • 0.9930
to


Distribution - Class S (CPU and Ex date prices)

Period To Distribution Amount
(cents per unit)
Reinvestment price
($)
Valuation Price on Ex Date ($) Distribution Component
Information
IMD02P001: Ex Date Unit Prices IMD02P004: CPU & Ex Date Prices
  • TBA
  • TBA
  • TBA
  • TBA
to


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 or an investment platform using the Product Disclosure Statement for that platform which can be obtained from the operator of the platform.


Platforms

The Fund is available on the following investment menus:


Class A Units
AUSMAQ
Colonial First Wrap
HUB24 Invest
HUB24 Super
Macquarie Wrap
Netwealth

 

Contact details

Responsible Entity

Grant Samuel Funds Services Limited

Telephone +61 2 9324 4356

Client Services

Telephone +61 2 9324 4356
Email: clientservice@gsfm.com.au

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