Funds that offer a world of opportunities

A CONCENTRATED PORTFOLIO OF ‘GLOBAL LEADERS’ – COMPANIES THAT DELIVER EXCEPTIONAL OUTCOMES FOR THEIR CUSTOMERS AND OUTSTANDING ECONOMICS FOR SHAREHOLDERS 

The Ironbark Brown Advisory Global Share Fund (the Fund) is managed by Brown Advisory, who employ a fundamental, bottom-up, research intensive investment selection process, to construct a concentrated portfolio of 30-40 leading global companies in any sector or country that they believe to be capable of compounding excess economic returns over time.  

At the heart of Brown Advisory’s approach is the belief that high-quality companies that deliver superior outcomes for their customers, have strong leadership positions and a high return on invested capital (ROIC), are companies that can generate outstanding shareholder returns for investors.  

The Fund seeks to outperform the MSCI ACWI NR (AUD) by 2-3% after fees, over five-year rolling periods.

Key Benefits

• The Fund is an actively managed, concentrated and low-turnover portfolio of leading global companies that can produce attractive risk adjusted returns for investors over the long term. 
• The Fund’s investment strategy is underpinned by extensive, fundamental research conducted by Brown Advisory’s deep and experienced investment team, resulting in a successful bottom-up approach to stock picking – as evidenced by their 9–year historical track record.
• The Fund’s portfolio managers have a strong focus on behavioural analysis and self-improvement and engage a behavioural coach to analyse their actions from both commission and omission perspectives to continually refine their repeatable investment process. 
• The Fund benefits from Brown Advisory’s disciplined approach to risk management. It is a core component of Brown Advisory’s active capital allocation process, and they diligently manage potential downside risk. 

Key Risks

• Class segregation risk – each Class of the Fund does not constitute a separate and distinct trust. Therefore, there is a risk that unit holders of one Class may be exposed to the liabilities attributable to another Class and, conversely, there is a risk that the assets attributed to a Class may be required to discharge the liabilities attributed to another Class.
• Concentration risk – the Fund has a concentrated portfolio, meaning it holds a limited number of investments and/or takes large positions in a relatively small number of securities. If one or more of these investments declines or is otherwise affected, it may have a pronounced and potentially adverse effect on the value of the Fund.
• Currency risk – the Fund will invest in global securities, which are denominated in foreign currencies that will give rise to foreign currency exposure. This means that the Australian dollar value of these investments will vary depending on changes in the exchange rate.
• International investment risk – if the Fund has exposure to international financial products additional risks may apply, including differences between countries relating to accounting, auditing, financial reporting, taxation, government regulation, securities exchanges and transactional procedures and foreign markets may have different levels of liquidity, pricing availability, settlement and clearance procedures.