Overview

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 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, Charlie Aitken, George Boubouras and Paul Rickard.

Investors can access the fund through one easy trade on the ASX using the ticker code SWTZ.

Fund Objectives

  • To provide investors with an attractive income stream that is franked to the maximum possible extent; and
  • To deliver capital growth.

Benefits

Investment expertise Tax Effective income
Quarterly distributions ASX trading and CHESS statements
Track your investments in real time One low management fee

More Information

Request an
Information Pack

Overview

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 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, Charlie Aitken, George Boubouras and Paul Rickard.

Investors can access the fund through one easy trade on the ASX using the ticker code SWTZ.

Fund Objectives

  • To provide investors with an attractive income stream that is franked to the maximum possible extent; and
  • To deliver capital growth.

Benefits

Investment expertise Tax Effective income
Quarterly distributions ASX trading and CHESS statements
Track your investments in real time One low management fee
Request an
Information Pack

Key Fund Info

Fund Facts

Key Fund Facts

ASX Code SWTZ
Fund Manager Switzer Asset Management
Distribution frequency Quarterly
Dividend Yield (net) 4.8%
Dividend Yield (gross) 6.3%
Management fee 0.89%
Performance Fee None
Number of stocks 30-50

Investment Guidelines

Australian shares 80% - 99%
Cash 20% - 1%

Portfolio Characteristics

Asset allocation

Top 10 Holdings

Code Stock Weight %
CBA Commonwealth Bank of Australia 9.7
ANZ Aust and NZ Banking Group 7.8
WBC Westpac Banking Group 6.8
BHP BHP Billiton Limited 6.5
NAB National Australia Bank 6.3
CSL CSL 5.0
WES Wesfarmers 4.1
RIO Rio Tinto LTD 3.7
MQG Macquarie Group 3.5
TLS Telstra Corp 3.4

Data at 30 June 2017

Performance

SWTZ vs ASX200 total return index

Value of $100 invested in the Switzer Dividend Growth Fund vs ASX00 total return index. Data as at 30 June 2017.

View daily Net Asset Value here.

Performance Breakdown

% 1 Month 3 Month 1 Year Inception
Annualised
SWTZ -0.24 -2.32 0.11
Benchmark -0.17 -1.57 13.82 0.23
Relative -0.41 -0.75 -0.12

Performance to 30 June 2017

Distributions

Distributions

Ex date Payment Date Amount (cents per unit) Franking DRP Price
12 January, 2018* 29 January, 2018* TBC TBC TBC
13 October, 2017* 27 October, 2017* TBC TBC TBC
7 July, 2017 24 July, 2017 1.21103 11.50%* $2.479644
13 April, 2017 28 April, 2017 0.98000 89.55%* $2.564172

*Expected

Announcements

Announcements

Date Description Link
12 July, 2017 SWTZ Fund Payment Notice - FY ending 30 June 2017 View
7 July, 2017 Update - Final Distribution Amount quarter end 30 June 2017 View
4 July, 2017 Distribution for period end 30 June 2017 View
3 July, 2017 Monthly Redemptions and Units on Issue - June 2017 View
6 June, 2017 Monthly Redemptions and Units on issue - May 2017 View
5 May, 2017 Monthly Redemptions and Units on issue - April 2017 View
24 April, 2017 31 March 2017 Quarterly Distribution Reinvestment Price View
10 April, 2017 Distribution for end 31 March 2017 - updated timetable View
10 April, 2017 Update - Dividend/Distribution - SWTZ View
7 April, 2017 Distribution for period end 31 March 2017 View
7 April, 2017 Dividend/Distribution - SWTZ View
6 April, 2017 Monthly Redemptions and Units on issue - March 2017 View
3 March, 2017 Monthly Redemptions and Units on Issue - February 2017 View
23 February, 2017 ASX Notice - Admission and Commencement of Quotation View

Construction

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.

Video

The Switzer Dividend Growth Fund

CommSec Executive Series

Why Invest

The Manager

Switzer Asset Management is the investment manager of the Fund. Switzer Asset Management
is a joint venture between Switzer Finanacial Group and Contango Asset Management.

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

Charlie Aitken

Independent Committee Member

George Boubouras

Director

BEc Hons (Flinders University)

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.

    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.

  • 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.
  • 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.

  • 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 AQUA market, less any brokerage fee that is incurred.
  • Why do the number of units on issue change each month?

    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.

  • 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.

    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.
  • How do I invest in the Fund?

    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.