The Switzer Dividend Growth Fund (SWTZ) aims to provide investors with tax effective income and long term capital growth by investing in a core portfolio of blue-chip Australian shares.
The portfolio is managed to deliver capital growth, while providing investors with an attractive income stream paid quarterly that is franked to the maximum possible extent.
The Fund is a simple to use, low cost vehicle that gives investors access to some of the most experienced investment professionals in Australia such as Peter Switzer and Paul Rickard.
Investors can access the fund through one easy trade on the ASX using the ticker code SWTZ.
| Investment expertise | Tax Effective income |
| Quarterly distributions | ASX trading and CHESS statements |
| Track your investments in real time | One low management fee |
The Switzer Dividend Growth Fund (SWTZ) aims to provide investors with tax effective income and long term capital growth by investing in a core portfolio of blue-chip Australian shares.
The portfolio is managed to deliver capital growth, while providing investors with an attractive income stream paid quarterly that is franked to the maximum possible extent.
The Fund is a simple to use, low cost vehicle that gives investors access to some of the most experienced investment professionals in Australia such as Peter Switzer and Paul Rickard.
Investors can access the fund through one easy trade on the ASX using the ticker code SWTZ.
| Investment expertise | Tax Effective income |
| Quarterly distributions | ASX trading and CHESS statements |
| Track your investments in real time | One low management fee |
Many investors feel they need to sacrifice capital gains in order to generate any substantial income, however that isn’t the case. Often, companies that pay dividends also offer steady capital gains opportunities.
This eBook explains everything you need to know about building a high quality income portfolio, without sacrificing capital growth.
| ASX Code | SWTZ |
| Fund Manager | Switzer Asset Management |
| Distribution frequency | Quarterly |
| Distribution Yield (net)* | 2.42% |
| Distribution Yield (gross)* | 3.36% |
| Management fee | 0.89% |
| Performance Fee | None |
| Number of stocks | 30-50 |
* Yield calculation based on distributions paid during the 12-months to 28 February 2021 relative to the closing unit price at the beginning of the period.
| Australian shares | 80% – 99% |
| Cash | 20% – 1% |
| Date | Description | Link |
|---|---|---|
| 21/04/2021 | Investor Update | View |
| 15/04/2021 | Investment update 31 March 2021 (Revised) | View |
| 14/04/2021 | Investment update 31 March 2021 | View |
| 08/04/2021 | Monthly Redemptions and Units on issue at 31 March 2021 | View |
| 01/04/2021 | Final Distribution for quarter ending 31 March 2021 | View |
| 25/03/2021 | Estimated Distribution for quarter ending 31 March 2021 | View |
| 12/03/2021 | 2021 Interim Financial Report | View |
| 09/03/2021 | Investment update 28 February 2021 | View |
| 05/03/2021 | Monthly Redemptions and Units on issue at 28 February 2021 | View |
| 26/02/2021 | Quarterly portfolio disclosure as at 31 December 2020 | View |
| 08/02/2021 | Investment update 31 January 2021 | View |
| 05/02/2021 | Monthly Redemptions and Units on issue at 31 January 2021 | View |
| 14/01/2021 | Investment update 31 December 2020 | View |
| 12/01/2021 | DRP Price - Distribution quarter ending 31 December 2020 | View |
| 07/01/2021 | Monthly Redemptions and Units on issue at 31 December 2020 | View |
| 04/01/2021 | Final Distribution for quarter ending 31 December 2020 | View |
| 23/12/2020 | Estimated Distribution for quarter ending 31 December 2020 | View |
| 15/12/2020 | Investment update 30 November 2020 | View |
| 07/12/2020 | Monthly Redemptions and Units on issue at 30 November 2020 | View |
| 30/11/2020 | Quarterly portfolio disclosure as at 30 September 2020 | View |
| 10/11/2020 | Investment update 31 October 2020 | View |
| 05/11/2020 | Monthly Redemptions and Units on issue at 31 October 2020 | View |
| 14/10/2020 | DRP Price - Distribution quarter ending 30 September 2020 | View |
| 07/10/2020 | Monthly Redemptions and Units on issue at 30 September 2020 | View |
| 01/10/2020 | Final Distribution for quarter ending 30 September 2020 | View |
| 25/09/2020 | Annual Financial Report for 30 June 2020 | View |
| 15/09/2020 | Investment Update 31 August 2020 | View |
| 07/09/2020 | Monthly Redemptions and Units on issue at 31 August 2020 | View |
| 31/08/2020 | Quarterly portfolio disclosure as at 30 June 2020 | View |
| 24/08/2020 | Investment Update 31 July 2020 | View |
| 06/08/2020 | Monthly Redemptions and Units on issue at 31 July 2020 | View |
| 22/07/2020 | DRP Price - Distribution quarter ending 30 June 2020 | View |
| 12/07/2020 | Final Distribution for quarter ending 30 June 2020 | View |
| 08/07/2020 | Estimated Distribution for quarter ending 30 June 2020 | View |
| 08/07/2020 | Investment update 30 June 2020 | View |
| 06/07/2020 | Monthly Redemptions and Units on issue at 30 June 2020 | View |
| 04/06/2020 | Monthly Redemptions and Units on issue at 31 May 2020 | View |
| 04/06/2020 | Investment update 31 May 2020 | View |
| 29/05/2020 | Quarterly portfolio disclosure as at 31 March 2020 | View |
| 07/05/2020 | Investment update 30 April 2020 | View |
| 06/05/2020 | Monthly Redemptions and Units on issue at 30 April 2020 | View |
At Switzer Asset Management our investment team has an effective and disciplined investment process based on a philosophy that economic conditions drive stock and sector performance.
Our process is a combination of top-down and bottom-up analysis enabling the team to add value at both the stock and sector level.
The process starts with the economics team’s analysis and forecasts. Here the team outlines the likely path of key economic and financial market variables over the next 12 months.
The next step is to convert these economic insights into investible sector recommendations. Switzer Asset Management has access to a proprietary system that group stocks and industries into ‘Super Sectors’ by their key economic drivers. This is a key part of the process and helps to facilitate the economic insights into investable recommendations.
Once positions have been finalised, it is then the job of the equity analysts to populate those sector positions with their preferred stocks. The equity team undertakes rigorous research and modelling of all companies it intends to invest in. These models are integrated into financial statements with forecasts of at least three years.
Finally, once the Super Sector and stock positions have been finalised, the team constructs a final portfolio with consideration for overall risk and specific portfolios objectives.
Tax Effective Income
The Fund has been designed to meet the needs of SMSF investors and others looking for reliable, tax effective income with the potential for long term capital growth. The Fund expects that distributions will be franked to the maximum extent possible.
Investment Expertise
The portfolio will be managed by Peter Switzer and Paul Rickard, which is supported by the team at Contango Asset Management.
ASX Trading
Investors can buy and sell Units on the ASX through a stockbroker or share trading account quickly and easily. Investors will also be able to see the prices at which other investors are prepared to exchange Units.
Track Your Investment in Real-time
The Fund’s Net Asset Value (NAV) per Unit will be published on this Website daily.
One Low Management Fee
Management fee is just 0.89% p.a. including GST. The Management Fee covers the management of the Fund and its assets, and Fund outgoings including administration, accounting, audit and registry fees and expenses. There are no performance, establishment or contribution fees. Investors may incur brokerage costs in purchasing or selling units on the ASX.
Highly Franked Quarterly Distributions
The Fund will be investing in companies that have desirable dividend streams and the capability to grow theses dividend streams, and which are either fully or highly franked. Additionally, the Fund will pay distributions on a quarterly basis.
Switzer Asset Management is the investment manager of the Fund. Switzer Asset Management
is a wholly owned subsidiary of Contango Asset Management.
Investors will have the benefit of having their funds overseen by a highly experienced
investment committee consisting of:
Chairman and Non-executive Director
MCom (University of NSW)
Chairman and Non-executive Director
MCom (University of NSW)
Peter is one of Australia’s leading business and financial commentators, launching his own business more than 30 years ago. The Switzer Group has since grown into three successful companies spanning media and publishing, financial services and business coaching. Peter is an award-winning broadcaster, twice runner up for the Best Current Affairs Commentator award for radio and was a long term contributor to The Australian and Daily Telegraph.
A former academic Economist at the University of NSW, Peter is currently founder and contributor to the Switzer Super Report, an investment newsletter for self-directed investors; contributor to Switzer Daily, a leading business, finance and political commentary website; host of his own TV show, SWITZER, on the Sky News Business Channel; a weekly columnist for Yahoo7! Finance; and a finance commentator on the Macquarie Radio Network.
Non-executive Director
BSc (University of Sydney), Dip FP, MSAA
Non-executive Director
BSc (University of Sydney), Dip FP, MSAA
Paul has over 26 years’ experience as a senior executive within the Financial Services sector. His various roles include almost 20 years with the Commonwealth Bank, most notably as the founding Managing Director of CommSec, which he led from 1994 to 2002 and later Chaired until 2009. During this time he was awarded Australian ‘Stockbroker of the Year’ in 2005. Mr Rickard was also a Director of numerous other Bank subsidiaries, and joined the Board of Halidon Asset Management in September 2009.
Paul is also a Non-executive Director of Tyro Payments Ltd, Property Exchange Australia Ltd and Switzer Financial Group Pty Ltd.
If you don’t have an existing Full
Service Stockbroker
relationship, visit the ASX
website
Visit the ASX
Purchase units directly
through your online broker with
the ticker code SWTZ
Contact your financial adviser to invest.
If you have any questions about
the Switzer Dividend Growth
Fund, please contact us on
1300 052 054 or email
invest@switzer.com.au
The Fund will be investing in companies that have desirable dividend streams and the capability to grow these dividend streams, and which are fully franked or close to being fully franked.
The fund will aim to maintain 80% – 99% invested in Australian shares and 1% – 20% in cash.
The fund will typically invest in the largest 150 companies in Australia based on market capitalisation.
The fund expects to pay distributions quarterly, in January, April, July and October. They will be based on the Fund’s net income at the end of the distribution period, divided by the number of Units on issue.
Details of the distributions, as well as when upcoming distributions are expected to be paid, can be found under the ‘Distribution History’ tab of the ‘Key Fund Info‘ section of this page.
The Fund intends to invest in a portfolio of quality, high-yielding listed Australian shares with an emphasis on companies that are paying fully franked dividends and which are expected to grow these dividends over time.
The Responsible Entity intends to use a ‘top down business cycle’ approach, where the research effort focuses on forecasting future domestic and global economic conditions and assessing their impact on the performance of sectors and stocks. These relationships are used to guide decision-making as to the size, allocation to cash and the sector biases within the Fund’s investment portfolio.
The top-down approach is complemented by a disciplined ‘bottom up’ stock selection process, which involves quantitative and qualitative fundamental analysis in respect of each of the stocks identified for potential investment.
When constructing a diversified portfolio, the Responsible Entity also considers the Fund portfolio’s overall risk positions including stock, sector and thematic risks.
You may notice that the number of units on issue in the Switzer Dividend Growth Fund often changes. This is because the fund is ‘open-ended’, meaning units can be created or ‘redeemed’ depending on investors wanting to join or exit the fund.
The easiest way to understand how units are created or redeemed in the fund is to imagine SWTZ as a traditional, unlisted fund. In this example, if you invest $100, the fund manager will purchase more of the portfolio with the money you have invested and exchange your $100 for units in the fund. As such (assuming there are no other investments and the value of the units stays the same), the fund will grow by $100.
Similarly, if you choose to sell your units the opposite will happen: the fund manager will sell your portion of the portfolio and return the proceeds to you by ‘redeeming’ the units, and the fund will contract by the value of the investment.
This is what is referred to as an ‘open-ended’ fund: the number of units on issue can grow or decline based on the investments and redemptions that are being made.
The Switzer Dividend Growth Fund works in essentially the same way, only the fund has been structured so that units can be conveniently bought and sold on the ASX, instead of having to fill out application and redemption forms like in an unlisted managed fund.
iNAV stands for Indicative Net Asset Value. The Net Asset Value (NAV) is calculated by deducting all liabilities (including fees) from the total value of the Fund’s assets, and dividing this number by the number of Units on issue.
During each ASX Trading Day, an indicative NAV (iNAV) is published to take into account any movement of the prices of those securities that comprise the Fund’s investment portfolio.
Investors can invest in the Fund by purchasing Units on the ASX Market through a stockbroker or share trading account. There is no minimum number of Units investors can buy on the ASX Market. The purchase of Units on-market is settled through the CHESS settlement service, and investors will not need to complete any application form.
The cost of investing in the Fund on-market will be the price at which you purchase Units on the ASX Market, plus any brokerage fees you incur. Investors can purchase additional Units on the ASX Market at any time, through a stockbroker or share trading account.
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