Australian Share Fund

The WaveStone Australian Share Fund is an actively selected portfolio of Australian shares managed with the aim of outperforming the S&P/ASX 300 Accumulation Index over rolling three-year periods.

The Fund was formerly called the Orion Wholesale Australian Share Fund. WaveStone Capital was appointed Investment Manager effective 1 February 2014. Interests in the WaveStone Australian Share Fund are offered by the Responsible Entity of the Fund, Fidante Partners Limited.

Objective

The Fund aims to outperform the S&P/ASX 300 Accumulation Index over rolling three-year periods.


Benchmark

 S&P/ASX 300 Accumulation Index


Investment Universe

The Fund can invest in securities listed on the ASX, including equity securities, hybrid securities (for example, convertible preference shares) and shares in unlisted companies provided that they are expected to list on the ASX within 12 months. 


Portfolio Construction

The Fund will typically invest in up to 70 companies, will usually have some cash investments and may use options, futures and other derivatives to reduce risk or gain exposure to other types of investments. We do not intend to gear the Fund through use of derivatives.