International Fund

We own a concentrated portfolio of high quality, wealth-creating businesses run by prudent and capable management.

We view ourselves as business owners

Our portfolio is highly concentrated

Return Objective

We believe the businesses we own will become progressively more valuable over time, and as owners we are participants in this wealth-creation process.
Owning a maximum of 15 companies allows our quality criteria to be exacting and permits us to be discerning on the price we pay.
We aim to deliver a return of 8–12% p.a. after fees over a 5–7-year market cycle.

Portfolio companies

As at

31 March 2024

Performance

Class A - Base Fee Option
1 month
3 months
1 year
3 years
5 years
Since inception p.a
Portfolio return (AUD) - Net of all fees
1.5%
13.5%
31.5%
21.0%
17.0%
17.3%
MSCI AC World Accum Index ex Aust (AUD) Hedged
MSCI AC World Accum Index ex Aust (AUD)
2.9%
13.3%
26.7%
12.7%
12.9%
12.6%
Excess return
-1.4%
0.2%
4.8%
8.3%
4.1%
4.7%
*Class Inception -
26
March
2018
*Past performance is not indicative of future performance. Total return shown for the Aoris International Fund has been calculated using exit prices after taking into account all of the product’s ongoing fees and assuming reinvestment of distributions. No allowance has been made for entry fees or taxation.
Class B - Performance Fee
1 month
3 months
1 year
3 years
5 years
Since inception p.a
Portfolio return (AUD) - Net of all fees
1.7%
13.5%
31.1%
20.3%
16.6%
16.9%
MSCI AC World Accum Index ex Aust (AUD) Hedged
MSCI AC World Accum Index ex Aust (AUD)
2.9%
13.3%
26.7%
12.7%
12.9%
12.2%
Excess return
-1.2%
0.2%
4.4%
7.6%
3.7%
4.7%
*Class Inception -
26
April
2018
*Past performance is not indicative of future performance. Total return shown for the Aoris International Fund has been calculated using exit prices after taking into account all of the product’s ongoing fees and assuming reinvestment of distributions. No allowance has been made for entry fees or taxation.
Class C - Base Fee Option
1 month
3 months
1 year
3 years
5 years
Since inception p.a
Portfolio return (AUD) - Net of all fees
1.9%
9.2%
26.2%
14.1%
14.0%
13.9%
MSCI AC World Accum Index ex Aust (AUD) Hedged
MSCI AC World Accum Index ex Aust (AUD)
3.3%
9.5%
23.1%
7.0%
10.0%
8.7%
Excess return
-1.4%
-0.2%
3.1%
7.1%
4.0%
5.2%
*Class Inception -
28
September
2018
*Past performance is not indicative of future performance. Total return shown for the Aoris International Fund has been calculated using exit prices after taking into account all of the product’s ongoing fees and assuming reinvestment of distributions. No allowance has been made for entry fees or taxation.
Class D - Performance Fee
1 month
3 months
1 year
3 years
5 years
Since inception p.a
Portfolio return (AUD) - Net of all fees
2.1%
9.3%
26.0%
13.6%
13.7%
13.5%
MSCI AC World Accum Index ex Aust (AUD) Hedged
MSCI AC World Accum Index ex Aust (AUD)
3.3%
9.5%
23.1%
7.0%
10.0%
8.7%
Excess return
-1.2%
-0.2%
2.8%
6.6%
3.7%
4.8%
*Class Inception -
28
September
2018
*Past performance is not indicative of future performance. Total return shown for the Aoris International Fund has been calculated using exit prices after taking into account all of the product’s ongoing fees and assuming reinvestment of distributions. No allowance has been made for entry fees or taxation.

Unit prices

Class
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Class A - Base Fee Option
Class B - Performance Fee
Class C - Base Fee Option
Class D - Performance Fee
Class B - Performance Fee
Class A - Base Fee Option
Class C - Base Fee Option
Class D - Performance Fee
Class A - Base Fee Option
Class D - Performance Fee
Class C - Base Fee Option
Class B - Performance Fee
Class B - Performance Fee
Class C - Base Fee Option
Class D - Performance Fee
Class A - Base Fee Option
Class D - Performance Fee
Class A - Base Fee Option
Class C - Base Fee Option
Class B - Performance Fee
Class A - Base Fee Option
Class D - Performance Fee
Class C - Base Fee Option
Class B - Performance Fee
Class C - Base Fee Option
Class D - Performance Fee
Class A - Base Fee Option
Class B - Performance Fee
Class D - Performance Fee
Class A - Base Fee Option
Class C - Base Fee Option
Class B - Performance Fee
Class B - Performance Fee
Class C - Base Fee Option
Class D - Performance Fee
Class A - Base Fee Option
Class C - Base Fee Option
Class A - Base Fee Option
Class B - Performance Fee
Class D - Performance Fee
Class C - Base Fee Option
Class A - Base Fee Option
Class B - Performance Fee
Class D - Performance Fee
Class D - Performance Fee
Class A - Base Fee Option
Class C - Base Fee Option
Class B - Performance Fee
Class A - Base Fee Option
Class B - Performance Fee
Class C - Base Fee Option
Class D - Performance Fee
Class C - Base Fee Option
Class D - Performance Fee
Class A - Base Fee Option
Class B - Performance Fee
Class C - Base Fee Option
Class A - Base Fee Option
Class B - Performance Fee
Class D - Performance Fee
Class A - Base Fee Option
Class C - Base Fee Option
Class D - Performance Fee
Class B - Performance Fee
Class A - Base Fee Option
Class C - Base Fee Option
Class D - Performance Fee
Class B - Performance Fee
Class D - Performance Fee
Class A - Base Fee Option
Class B - Performance Fee
Class C - Base Fee Option
Class D - Performance Fee
Class A - Base Fee Option
Class C - Base Fee Option
Class B - Performance Fee
Class D - Performance Fee
Class A - Base Fee Option
Class B - Performance Fee
Class C - Base Fee Option
Class A - Base Fee Option
Class B - Performance Fee
Class D - Performance Fee
Class C - Base Fee Option
Class D - Performance Fee
Class C - Base Fee Option
Class A - Base Fee Option
Class B - Performance Fee
Class B - Performance Fee
Class A - Base Fee Option
Class C - Base Fee Option
Class D - Performance Fee
Class C - Base Fee Option
Class B - Performance Fee
Class D - Performance Fee
Class A - Base Fee Option
Class A - Base Fee Option
Class C - Base Fee Option
Class D - Performance Fee
Class B - Performance Fee
Date
Net asset value
Entry
Exit
Distribution
19 Apr
2024
2.4621
2.4646
2.4596
Class A - Base Fee Option
19 Apr
2024
2.3854
2.3878
2.3830
Class B - Performance Fee
19 Apr
2024
1.7111
1.7128
1.7094
Class C - Base Fee Option
19 Apr
2024
1.6573
1.6590
1.6556
Class D - Performance Fee

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