Atlas Australian Equity Income Fund
Atlas Funds Management launched the Atlas Australian Equity Income Fund in the first quarter of 2017, and the Fund now has over now has 100 unitholders and is, therefore, a ‘disclosing entity’ for the purposes of the Corporations Act 2001. Click here for the notice from the Fund’s Responsible Entity.
This Fund is open to retail investors. More information on how to invest is available here, along with the Fund’s Target Market Determination.
Unit prices are updated daily on the ASX’s website
Continuous Disclosure Notice June 2024 Distribution
Continuous Disclosure Notice Change of Address
Continuous Disclosure Notice – Proposed Change of Investment Strategy and Fund Name Notice
Continuous Disclosure Notice – Change of Fund Name Notice
Through a combination of trust distributions and additional income from selling calls, we aim to deliver a consistent 1.75% distribution per quarter or a 7% annual yield to investors.
This Fund utilises a detailed quantitative and qualitative analysis to create a concentrated portfolio of large cap securities within the ASX200 that also has a listed, liquid option market.
The objective is to build a portfolio of high-quality listed property securities that
(1) Have reliable and growing earnings which are paid to holders via dividends
(2) trade at a reasonable multiple compared to peers and historically.
(3) That offers a higher dividend yield than the market with franking.
(4) That enables implementation of the Buy-write strategy to enhance the yield of the fund.
We believe the returns will offer higher income, smoother returns and lower volatility than the ASX200 over the investment horizon.
The investment style for this Fund is based on quality investing using qualitative and quantitative analysis targeting recurring earnings, free cashflow and improving earnings environments for our holdings. The target yield is a minimum of 7% per annum before franking. The benchmark for the fund is the RBA Cash Rate +3%. The fund will also purchase put protection to help limit drawdowns which occur in the equity market.
Additionally, we seek to boost income by utilising an active strategy of selling call options over this portfolio of ASX200 securities. This effectively converts a portion of tomorrow’s uncertain gains into certain income today. The advantage of selling covered calls is that unlike other ASX200 funds that receive distributions from the trusts held twice a year, the Atlas Australian Equity Income Fund will receive extra income throughout the year from selling calls. This will allow us to pay distributions quarterly to investors and we will be seeking to deliver an annual yield of 7% paid quarterly in arrears.
Investors can access this Fund through a Product Disclosure Statement issued by the independent Responsible Entity of the Fund, One Managed Investment Funds Limited. The Fund’s Additional Information Booklet can be accessed here
The Fund can also be traded online via the ASX’s mFunds service
The Fund’s Annual Report for 2023 is available here
Financial Statements for Financial Year 2024 is available here
Recently the Fund’s Responsible Entity Changed their address click here for the announcement of this update to the PDS
If you wish to contact the Fund’s Responsible Entity regarding a complaint, please click on this link for further information
General advice warning:
Atlas Funds Management has not taken your or your clients’ objectives, financial situation or needs into account when preparing our website content so it may not be applicable to the particular situation you are considering. You should consider your and your clients’ circumstances and our product disclosure statement and Additional Information Booklet, before making any investment decision. You can access any product disclosure statement that is available for an investment in a Fund that is managed by us online or by contacting us. This website was prepared in good faith and we accept no liability for any errors or omissions. Past performance is not an indicator of future performance.