International Fund
The Aoris International Fund is available as an Exchange Traded Managed Fund (ETMF), via the following ASX listed products:
ASX: BAOR: Aoris International Fund (CLASS B) (UNHEDGED) (MANAGED FUND)
ASX: DAOR: Aoris International Fund (CLASS D) (HEDGED) (MANAGED FUND)
ETMF’s can be traded on the Australian Securities Exchange (ASX) via your stockbroker within ASX trading hours. Compared to paper applications and redemptions, transacting via the ETMF offers the following key benefits:
- Low minimum initial investment of $500
- No additional on-boarding documentation
- On-market execution within ASX trading hours
- T+2 settlement cycle on redemptions
Indicative NAV*
*An indicative NAV per Unit (iNAV) will be published on the Fund’s website throughout the ASX Trading Day. The iNAV will be based on the latest closing price of each security, and will take into account proxies (including futures) where a live price is unavailable (for example, if the relevant market is closed). The iNAV reflects the real time movements in stock markets and currencies during the ASX Trading Day and, for securities not trading during the ASX Trading Day, listed proxy instruments selected on the basis of correlations with the underlying investments. The proxies and their correlations with underlying instruments are reviewed regularly and updated as required.
The iNAV represents the best estimate by the Responsible Entity or its appointed agents of the value per unit in the Fund throughout the trading day. No assurance can be given that the iNAV will be published continuously or that it will be up to date or free from error. To the extent permitted by law, neither the Responsible Entity nor its appointed agent shall be liable to any person who relies on the iNAV.
NAV History
ASX Announcements
FAQ
Aoris’ ETMF is an Exchange Traded Managed Fund that provides a new way for investors to access the Aoris International Fund (Class B and Class D) via buying units on the ASX.
The Aoris International Fund ETMF is actively managed, and is referred to as an Exchange Traded Managed Fund. This means the Fund aims to outperform a benchmark index, as opposed tracking one.
No, there are a few key areas in which an ETMF is different to a LIC: Liquidity:
ETMF’s are supported by a market maker, providing liquidity throughout the ASX trading day.
Price: ETMF’s trade close to indicative net asset value (iNAV) as opposed to at a premium or discount to net tangible assets.
Transparency: Aoris discloses Material Portfolio Information (MPI) daily showing its holdings in percentage bands on its website.
An indicative NAV (iNAV) is a real time indication of the net asset value of the fund. This is calculated by a third party calculation agent who has access to the full portfolio holdings and streamed to the Aoris website live during the trading day.
The role of the market maker is to provide liquidity to the market by providing quotes during the trading day and updating their prices to reflect changes in the underlying markets.
ETF units can be bought and sold on the ASX. For investors holding a minimum of AUD 20,000 of ETF units, investors can apply to convert their holding from broker sponsored to issuer sponsored. Issuer sponsored units can be redeemed via submitting a form to the unit registry once KYC requirements have been completed.
ETMF units can be bought and sold on the ASX to move from one class to the other. For investors holding a minimum of AUD 20,000 of ETF units, investors can apply to convert their holding from broker sponsored to issuer sponsored. Issuer sponsored units can be switched into another class of the Fund via submitting a form to the unit registry once KYC requirements have been completed.
Yes
A return to purity.
