Firetrail S3 Global Opportunities Fund (Hedged)
Overview
The Firetrail S3 Global Opportunities Fund (Hedged) is a concentrated portfolio of Firetrail’s best global equity ideas. The investment process employs fundamental analysis to identify the most attractive investment opportunities with sustainable characteristics.
The Fund aims to outperform the MSCI World 100% Hedged Net Total Return Index (AUD) over the long term.
Global High Conviction
A concentrated portfolio of our best global equity ideas.
Value and Growth
A style agnostic approach with the flexibility to invest in both Value and Growth opportunities.
Sustainable Edge
Actively seeking investment opportunities that meet Firetrail’s sustainable investment criteria.
Investment team
Patrick is the Managing Director at Firetrail Investments as well as Portfolio Manager for the Firetrail Australian High Conviction Fund, Firetrail Absolute Return Fund, Firetrail Australian Small Companies Fund and Firetrail S3 Global Opportunities Fund. Patrick has over 36 years experience investing in equity markets.
James is a Portfolio Manager at Firetrail Investments for the Firetrail High Conviction Fund and the Firetrail Absolute Return Fund. James’ primary sector responsibilities is Industrials stocks. James has over 14 years’ experience investing in equity markets.
Justin is Portfolio Manager of the Firetrail S3 Global Opportunities Fund and Head of Risk at Firetrail. Justin’s primary responsibilities include daily portfolio management, oversight of investment risk management and fundamental analysis. Justin is a qualified actuary and has over 20 years relevant industry experience.
Anthony is the Head of Investment Strategy for the Firetrail S3 Global Opportunities Fund. His primary responsibilities include fundamental idea generation, portfolio analysis, and economic insights including currency and macroeconomic risk management. Anthony has two decades of experience including 10 years working as an investment manager in the UK.
Key Features
| APIR | WHT4609AU |
| Benchmark | MSCI World 100% Hedged Net Total Return Index (AUD) |
| Portfolio allocation^ |
Global equities: Typically 90% – 100% Cash: 0 – 10% |
| Stock numbers | Approximately 30 |
| Suggested investment timeframe | 5 years or more |
| Legal structure | Unlisted, open-ended Australian unit trust |
| Distribution | Semi-annually, subject to the Fund having sufficient distributable income as at 30 June and 31 December. |
| Minimum initial investment 1 | A$20,000 |
Ratings and Certifications
Further information on our Ratings and Certifications can be found in the Disclaimer & Disclosure section.
Unit Prices and distributions
Unit prices are net of fees & do not include distributions. Calculation of unit prices are based on the net asset value plus/minus transaction costs divided by units on issue. Past performance is not a reliable indicator of future performance. The inception date is the date that the current investment strategy which began on 19 May 2022. This material has been provided for general information purposes and must not be construed as investment advice.
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Investor forms
The carbon emissions estimate for the Firetrail S3 Global Opportunities Fund (Hedged) has been calculated by Firetrail Investments Pty Limited (‘Firetrail’). The estimate of the carbon emissions for the Fund are based on the Fund’s portfolio holdings as at the end of the most recent calendar quarter following calculation by Firetrail. The carbon emissions calculation is performed by Firetrail on a quarterly basis. Please note these carbon emissions numbers are an estimate only and are subject to change. The actual carbon emissions attributable to your investment in the Fund may vary considerably from the estimate provided.
Carbon footprint includes Scope 1 and Scope 2 emissions. Company emissions data is sourced from MSCI. Portfolio carbon footprint is calculated based on the ownership methodology (e.g. owning 1% of the shares is owning 1% of emissions). The calculation also takes into account carbon removed from the atmosphere by portfolio companies. For example, via planted trees or carbon removal technologies. Carbon removal data is sourced from the applicable company.
How to choose a high-quality carbon offset?
Firetrail has been a carbon-neutral business since inception. Further information can be found in our PDS and ESG Policy.
As part of offsetting our emissions each year, we have done substantial research into the carbon offsets market. You can read some of this research here.
For more information on Firetrail’s approach to sustainability, contact us.
1
The Responsible Entity has the discretion to accept lower initial investments. Does not apply to IDPS investments.
^
The portfolio allocation ranges provided are indicative only. The Fund will be rebalanced within a reasonable period of time should the exposure move outside these ranges. The Fund is typically expected to be fully invested. A portion of the portfolio may be allocated to cash or derivatives for liquidity purposes. The Fund may hold exchange traded derivatives to a maximum of 10% of the Fund’s NAV.
Disclaimer & Disclosure
All website content in respect of the Firetrail S3 Global Opportunities Fund (Hedged) (ARSN 657 902 880) (“the Fund”) is prepared by Firetrail Investments Pty Limited (ABN 98 622 377 913 AFSL 516821) (“Firetrail”) as the investment manager of the Fund. Pinnacle Fund Services Limited ABN 29 082 494 362 AFSL 238371 (“PFSL”) is the issuer of the Fund. PFSL is not licensed to provide financial product advice.
Pinnacle Fund Services Limited ABN 29 082 494 362 AFSL 238371 (‘PFSL’) is the product issuer of the Fund. PFSL is not licensed to provide financial product advice. PFSL is a wholly-owned subsidiary of the Pinnacle Investment Management Group Limited (‘Pinnacle’) ABN 22 100 325 184. The Product Disclosure Statement (‘PDS’) and Target Market Determination (‘TMD’) of the Fund are available via the links above. Any potential investor should consider the PDS and TMD before deciding whether to acquire, or continue to hold units in, the Fund. For historic TMD’s please contact Pinnacle client service Phone 1300 010 311 or Email service@pinnacleinvestment.com.
Neither PFSL, Pinnacle, nor Firetrail guarantees repayment of capital or any particular rate of return from the Fund. Neither PFSL, Pinnacle nor Firetrail gives any representation or warranty as to the currency, reliability, completeness or accuracy of the information contained in this website. All opinions and estimates included in this website constitute judgments of Firetrail as at the date of website creation and are subject to change without notice. Past performance is not a reliable indicator of future performance.
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned November 2022) 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.