The Switzer Dividend Growth Fund (SWTZ)

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 will be managed to deliver capital returns in line with the market, 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 including Peter Switzer, Charlie Aitken, George Boubouras and Paul Rickard.

Key dates and terms
Opening Date 30/01/2017
Closing Date 17/02/2017
Application Price $2.50 per Unit
Minimum Application Amount 1,000 Units

More Information

Download an Information Pack
Contact us

Meet the Team

Why Invest

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 an Investment Committee comprising Peter Switzer, Charlie Aitken, George Boubouras and Paul Rickard, which is supported by the team at Contango Asset Management.

One Low Management Fee

The Fund pays a Management Fee of 0.89% p.a. (including GST) to the Responsible Entity, which covers the management of the Fund and its assets. There are no performance, establishment or contribution fees.

Quarterly Distributions

The Fund expects to pay distributions each quarter in January, April, July and October.

Low Minimum Investment

Investors can invest in the Initial Offer with as little as $2,500 (1,000 Units minimum application at $2.50 per Unit application price).

Track Your Investment in Real-Time

The Fund's Net Asset Value (NAV) per Unit will be published on our website daily. Investors will also be able to see the prices at which other investors are prepared to exchange Units when the fund is listed on the ASX after the IPO.

Risks

It is important to understand that the value of investments may rise or fall, investment returns will vary and future returns may differ from past returns, investment returns are not guaranteed and investors may lose the money they have invested in the Fund. The appropriate level of risk for each investor will be different and depends on a range of factors, including age, investment time frame, where other parts of an investor’s wealth are invested and the investor’s risk tolerance. Prior to making an investment in the Fund, investors should consider if it is appropriate for their individual circumstances and seek professional advice. For more detailed information relating to the risks of the Fund, please refer to the Product Disclosure Statement available at the top of this page.

Who is The Fund for?

The Switzer Dividend Growth Fund was designed specifically to meet the needs of self-managed super funds and self-directed investors.
Paying solid, quarterly, franked distributions makes the Fund particularly attractive to those looking for a consistent stream of tax-effective income.

The Investment Team

Investors will have the benefit of having their funds managed by a highly experienced investment committee consisting of:

Peter Switzer

Chairman and Non-executive Director

MCom (University of NSW)

Paul Rickard

Non-executive Director

BSc (University of Sydney), Dip FP, MSAA

George Boubouras

Director

BEc Hons (Flinders University)

Charlie Aitken

Independent Committee Member

What is an Exchange Traded Managed Fund?

An Exchange Traded Managed Fund is an actively managed fund that you can access by buying units on the ASX in the same way you would buy any ordinary shares. Unlike an Exchange Traded Fund (ETF), which tracks an index or sector, an exchange traded managed fund is an actively managed portfolio of investments. Investors will be able to track their holdings under the CHESS system.

How to invest

Frequently asked questions

  • What does the Fund invest in?

    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.

  • How often is income paid?

    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.

    100% of income the fund receives, including franking, will be passed on to Unit-holders.

  • How does the Fund select investments?

    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.

  • Does the Fund have a Dividend Re-investment Plan (DRP)?

    Yes the Fund has a DRP. Holders can choose to have their distributions paid into an Australian dollar bank account, or alternatively, have their distributions automatically re-invested into additional Units of the Fund. Investors can update their DRP setting by logging into their Link Market Services account once their Units have been allotted.

  • How and when can I access my money?

    Holders can sell Units on the ASX market through a stockbroker or share trading account without completing any forms. Proceeds from any sale of Units will be delivered through the ASX CHESS settlement service. An investor’s exit price will be the price at which the Units were sold on the ASX market, less any brokerage fee that is incurred.

  • What is an iNAV?

    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.

    At the end of each business day, the NAV is calculated and published on this website. 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.

  • Will I receive a CHESS statement?

    Holders will receive a CHESS holding statement showing the numbers of Units that they own. Holders will receive an updated CHESS holding statement upon the occurrence of any changes to their holding.

  • What are the risks of investing in the Fund?

    As with all investments, there are risks involved with an investment in the Switzer Dividend Growth Fund. It is important to understand that the value of investments may rise or fall, investment returns will vary, future returns may differ from past returns, investment returns are not guaranteed and investors may lose the money they have invested in the Fund. For more detailed information relating to the risks of the Fund, please refer to the Product Disclosure Statement available via the 'Downloads and Forms' section at the top of this page.

  • What are the fees?

    The Fund pays a Management Fee of 0.89% p.a. (including GST) to the Responsible Entity. 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.