Investment Philosophy

The Investment Manager believes that markets are fundamentally inefficient resulting in mispriced securities and that active investment management will result in higher than ‘benchmark’ returns. The Fund has adopted the S&P/ASX200 Accumulation Index as the benchmark for its performance. The Investment Manager also believes that, on review of many markets globally, no individual style or method of investing will always ensure outperformance in terms of return on investment. In light of this, the Investment Manager will adopt a style-neutral bias adapting to the dominant style dependant on where the market is in its investment cycle. Further, the Investment Manager believes that actual and forecasted events underpin absolute and relative price movements of securities. The Investment Manager will utilise a number of frameworks to assist in positioning the Fund’s portfolio of investments.

The Fund

The primary objective of the Atlantic Pacific Australian Equity Fund (APAEF) is to provide investors with strong capital growth and lower than market volatility, over any 5 year plus investment period.

The Fund is a long-bias equity market product which typically buys, or short sells, Australian listed securities. Cash, cash equivalents, convertible notes, derivatives and securities in respect of which listing has been proposed are also used within the strategy.

Key features of the Fund

The Investment manager employs its Quadruple Alpha Investment Strategy which focuses on outperforming over all market cycles by capturing upside returns while aiming to reduce downside risk.
Share market-type returns, with lower than share market-type volatility.
Investment Safety with money held in trust.
No minimum investment time-frame.
Bi-annual distributions.
Professionally managed by our team of Australian share specialists.
Online reporting.
Regular performance commentary and reviews.
No exit fees.
Reputable Custody and Registry service providers.
Daily unit pricing.

How to Invest

Monthly Performance – Unit Class A
Period	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Oct	Nov	Dec	FY to Date.
2023	-0.90%												4.20%
2022	0.49%	7.30%	3.44%	1.34%	0.95%	-2.03%	5.39%	3.54%	-0.95%	0.13%	0.11%	-1.81%	17.90%
2021	-1.99%	-1.66%	-3.78%	-0.50%	0.73%	2.92%	0.95%	2.42%	-1.37%	2.86%	0.11%	0.48%	-2.60%
2020	-1.74%	-0.05%	17.19%	5.46%	3.69%	-1.35%	-2.53%	0.93%	1.62%	-3.96%	4.89%	1.11%	19.80%
2019	1.25%	-0.62%	-1.00%	2.00%	-0.41%	1.18%	-1.77%	-1.47%	2.62%	-4.73%	1.66%	0.36%	2.50%
2018	0.40%	0.70%	-0.70%	-0.80%	-0.40%	-0.90%	-0.80%	-0.80%	3.50%	-1.50%	0.40%	-0.60%	2.90%
2017	-1.00%	0.80%	1.40%	1.00%	-1.80%	0.70%	-1.60%	-0.80%	1.00%	2.90%	2.90%	0.10%	2.00%
2016	-3.00%	-2.10%	3.50%	0.10%	3.50%	-1.50%	3.00%	-1.10%	-0.50%	-1.80%	0.70%	0.70%	10.50%
2015	2.60%	5.60%	-0.70%	-1.80%	0.90%	-5.60%	3.80%	-0.80%	-0.70%	4.70%	0.10%	1.10%	10.80%
2014	-2.70%	3.80%	1.20%	2.00%	-0.40%	-0.30%	3.10%	2.30%	-2.90%	3.60%	1.00%	2.60%	22.00%
2013						1.10%	5.10%	6.70%	3.50%	1.90%	-3.00%	-2.60%	1.10%
												Cumulative return (since inception)	135.5%
												Annualised Return Per Annum	9.3%
Fund Returns are prepared on a redemption unit price basis after management and performance fees inclusive of GST. Distributions are assumed to be re-invested at the mid unit price. Individual tax is not taken into account in deriving Fund Returns. In calculating the NTA, the Atlantic Pacific Australian Equity Fund (“Fund”) asset values have been calculated using unaudited price and income estimates for the month being reported. Past performance is not indicative of future performance.
Figures presented in this table are accurate to the close of the final trading day of that month. Current intra-month returns may be viewed in the downloadable unit price spreadsheet found in the Ex Unit Prices tab in the Documentation section below.

Investor Suitability

Our Fund is suited to investors that seek equity market growth exposure but gain comfort from the fact that we have historically provided greater downside protection due to our ability to reduce net market exposure via shorting of individual securities and ASX 200 futures contracts.

Past performance is not an indicator of future performance

Fund Facts – Class A

Investment strategy	The Fund aims to achieve positive returns in excess of the ASX 200 accumulation index, after fees and expenses, over the long term by predominately taking both Long Positions and Short Positions in Australian shares and equity futures.
Minimum suggested timeframe	5 years plus
Minimum initial investment	$20,000
Minimum additional investment	$1,000
Management fees (p.a.)	2%
Performance Fees	15% (above ASX 200 Accumulation Index + 3% p.a) subject to a high-water mark.
Exit fees	Nil
Minimum withdrawal	$1,000
Buy/sell spread	0.10% / 0.10%
Distribution frequency	Bi-annually (end of June and December)
Commencement date	June 2013
Platforms	Our Fund is available on the Netwealth Platform, the Hub24 Platform and on the Mason Stevens Platform.
Fund Ratings	Our Fund is rated by both Zenith Investment Partners and Independent Investment Research.

Fund Facts – Class B

Investment strategy	The Fund aims to achieve positive returns in excess of the ASX 200 accumulation index, after fees and expenses, over the long term by predominately taking both Long Positions and Short Positions in Australian shares and equity futures.
Minimum suggested timeframe	5 years plus
Minimum initial investment	$250,000
Minimum additional investment	$5,000
Management fees (p.a.)	0.95% p.a. of the NAV of the Fund (including GST less RITCs)
Performance Fees	15% (including GST less RITCs) of any investment return subject to a High Water Mark.
Exit fees	Nil
Minimum withdrawal	$5,000
Buy/sell spread	0.10% / 0.10%
Distribution frequency	Bi-annually (end of June and December)
Commencement date	December 2022

Documentation

Forms

Click the links below to see the following documentation:

Please read all parts of the PDS. You should assess whether the product is appropriate for you and speak to your financial adviser before making a decision to invest in this product. Past performance is no indication of future performance

Fund Performance Reports

Click the links below to see the following documentation:

- January 2023
- Previous Reports

Audited Reports

Click the links below to see the following documentation:

- December 2022- Audited
- All Previous Reports

Continuous Disclosure Notices

Click the links below to see the following documentation:

- 9 September 2016
- All Previous Notices

Ex Unit Prices Class A

Date	Mid-point	Application	Redemption
March 31, 2023	1.2535	1.2548	1.2522

Download Class A Unit Price History

Ex Unit Prices Class B

Date	Mid-point	Application	Redemption
March 31, 2023	0.9280	0.9289	0.9271

Download Class B Unit Price History

Distributions Unit Class A

Month

December 2022
June 2022
June 2021
June 2020
June 2019
June 2018
June 2017
June 2016
June 2015
June 2014

Amount in cents per unit

0.0244
0.1814
0.0008
0.1648
0.0876
0.0107
0.0923
0.0500
0.0445
0.1091

Distributions Unit Class B

Month

December 2022

Amount in cents per unit

0.0161

The Fund offers an opportunity for investors to participate in a managed investment scheme managed by an experienced investment team, APSEC Funds Management Pty Ltd (Investment Manager, ABN 48 152 440 723, Corporate Authorised Representative (411859) of APSEC Compliance & Administration Pty Ltd (ABN 30 142 148 409; AFSL 345443)). Equity Trustees Limited (ABN 46 004 031 298) is the responsible entity of the Atlantic Pacific Australian Equity Fund ARSN 158 861 155 and the holder of AFS Licence number 240975.

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About 2023

Investment Philosophy

The Fund

Key features of the Fund

Monthly Performance – Unit Class A

Investor Suitability

Fund Facts – Class A

Fund Facts – Class B

Documentation