Objectives
The objective of Hunter Hall Global Value Limited (HHV) is to achieve substantial growth in the value of each share through ownership of a portfolio of undervalued international and Australian equities.
Furthermore, Hunter Hall follows an ethical investment policy which seeks to avoid investment in companies that, in our opinion, are harmful to people, animals or the environment.
INVESTMENT STRATEGY
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The portfolio is managed jointly by Peter Hall, Chief Investment Officer and James McDonald, Deputy Chief Investment Officer and Fund Manager. They are supported by a team of experienced investment professionals.
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HHV primarily invests in companies listed on the Australian and international stock exchanges. It has a bias to small and mid-size companies
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HHV is managed using a ‘value’ investment style based on fundamental analysis of individual companies.
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A concentrated portfolio of typically no more than 60 stocks.
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HHV can hold up to 25% cash, and
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Currency exposures may be hedged primarily through short to medium term forward contracts
BENEFITS OF INVESTING
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Committed to creating wealth for shareholders over the long term
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Invest in a global equity portfolio via the ASX
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Access to Hunter Hall’s superior investment experience and expertise
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Six-monthly dividends
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Participation in a Dividend Reinvestment Plan (DRP), allowing savings from brokerage fees
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Geographically diverse portfolio
ETHICAL INVESTING
Hunter Hall is committed to the concept of responsible investing. The Ethical Investment Policy of HHV involves applying a negative screen to investments. This screening process seeks to avoid investment in companies that derive operating revenues from direct and material business involvement in the manufacture or sale of weapons and weapons components, tobacco manufacture, gambling outlets or systems, intensive animal farming, animal testing for cosmetics, activities that give rise to human rights violations, unremediated destruction of the environment, uranium mining and nuclear reactors and the exploration, production, refining, storage and transportation of fossil fuels.
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KEY FACTS
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ASX Code: |
HHV |
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Investment Manager: |
Hunter Hall Investment Management Limited |
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Inception Date: |
19 March 2004 |
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Benchmark |
MSCI World Total Return Index, Net Dividends Reinvested, in Australian Dollars (MSCI World) |
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Territory: |
Global (includes Australia and New Zealand) |
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Ethical Policy: |
Negative Screen |
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Market Capitalisation: |
$289.25m |
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Equity Exposure |
89.60% |
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Net Debt:1 |
$0m debt, $33.12m cash |
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Management Fee: |
1.50% |
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Management Fee Rebate: |
Nil |
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Performance Fee |
15% of any return greater than the MSCI World, payable half yearly |
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Dividend Reinvestment Plan |
Yes |
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1based on audited figures. |
NET TANGIBLE ASSETS SUMMARY
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NTA (pre-tax) |
$336.55m |
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NTA per share (pre-tax)1 |
141.78c |
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Ordinary Shares on Issue |
241.04m |
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Share Price |
$1.20 |
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Premium/(Discount) to NTA (pre-tax) |
(15.36%) |
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Annual Dividend Yield2 |
5.83% |
1Includes deferred income tax asset of 2.16c.
2Calculated based on the dividends paid out over the previous 12 months and using the closing share price at 30 June 2015. |
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