Help & Frequently Asked Questions
Why was Selector Funds Management established?
Selector was established as an independent fund manager owned by staff to service professional investors who share a common investment philosophy.
What is your investment philosophy?
We believe in long-term wealth creation since good businesses take time to develop and the big gains in the market are the result of consistent earnings growth that comes with time and requires patience. Patience comes from having confidence in the stock selection process and adhering to your investment disciplines.
Is your style of investing unique?
Yes, our style is unique. The Fund has a concentrated portfolio, does not follow an index and our focus is stock selection.
Our approach is to stick to what we can control and understand and to not lose sight of the big picture – that despite short-term market concerns investment wealth is accumulated over time just as great businesses take time to build and develop.
As such our focus is on discovering individual businesses worthy of investment. To achieve this we are prepared to think independently and research extensively.
Do you benchmark your returns?
We measure our performance against our most important criteria-our return to investors. As such we are only interested in absolute returns. We have no desire to track an index or make investments based on index weightings or liquidity issues.
Are the Selector Funds retail or wholesale funds?
Selector has a wholesale fund called Selector Fund. This service is directed towards professional and sophisticated investors (by definition, Corporations Act) who can invest a minimum of $500,000. Lesser amounts can be only be accepted if certain conditions are met.
Selector manages a retail fund called the Selector Australian Equities Fund, issued by DDH Graham Limited. This service is directed towards retail investors who can invest a minimum of $20,000. Amounts of $2000 are accepted thereafter.
What are your management fees?
For the Selector Fund (wholesale) there are no entry fees, and no exit fee after the first year. Our management fee is set at 1.25% pa plus GST calculated monthly. Should we deliver a 100% return on your application price a performance fee of 20% plus GST would apply to the positive gain only.
For the Selector Australian Equities Fund (retail) an entry fee of up to 3.5% may be charged by your financial advisor. Our management fee is set at 1.5% pa plus GST calculated monthly. Should we positively out performance the AOAI an annual performance fee of 15% plus GST would apply to the positive gain out performance.
Do we accept individual mandates?
Selector will accept private mandates that meet the specific requirement set by the Manager.
Will the Fund pay distributions?
Annually at 30 June. Distributions are not pro-rated. If you are a unit holder as at 30 June you will receive the full distribution. Distribution amounts are dependent on portfolio turnover in any given year and as such, vary from year to year.
Where is Selector’s head office?
Selector’s head office is located in Sydney, Australia. (Click Visit us at the bottom of this page)
Are Selectors products regulated?
Yes. Selector Funds Management Limited holds an Australian Financial Services Licence (AFSL) regulated by the Australian Securities and Investments Commission (ASIC) and compliant with the Corporations Act
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