The PM Capital Global Companies Fund aims to create long term wealth through a concentrated portfolio of 25-45 global companies that we believe are trading at prices different to their intrinsic value. The Fund has used this same tried and tested philosophy and process since its inception in October 1998.
The PM Capital Global Companies Fund is the only global equities strategy in the fund's Morningstar peer group to rank top decile across 1,3,5,7,15 and 24 years1.
Investment product ratings*
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Fund Performance
As at 30 June 2023 | Fund inception 28 October 1998
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Global Companies Fund |
Inception Date | Exit price ($.cum) | 1 Month | 3 Months | 1 Year | 3 Years pa | 5 Years pa | 7 Years pa | 10 Years pa |
Since Inception pa |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund performance | 10-1998 | 5.5682 | 4.7% | 5.1% | 30.2% | 25.2% | 13.1% | 16.1% | 13.8% | 9.8% |
| MSCI World Net Total Return Index (AUD)* | 3.1% | 7.5% | 22.4% | 13.4% | 11.4% | 12.4% | 13.0% | 6.0% |
Growth of AUD $100,000
As at 30 June 2023 | Fund inception 28 October 1998
IMPORTANT INFORMATION
Calculations are based on exit price with distributions reinvested, after ongoing fees and expenses but excluding individual tax. Fund Inception 28 October 1998.
These figures represent past performance only. No guarantees exist of future returns above or below these figures. Past performance is no indication of future performance. Neither PM Capital Limited nor any other person makes any representation as to the future performance or success of, the rate of income or capital return from, recovery of money invested in, or income tax or other taxation consequences of, any investment in the trusts shown on this site.
* The MSCI World Net Total Return Index (AUD) in Australian dollars, net dividends reinvested.
The Fund may be suitable if you want:
Capital growth
Provided by a demonstrated, focused, patient and considered process
Access to global securities
Increase your exposure to global equities, either within your portfolio or SMSF
A long term approach
The Fund concentrates on building long term wealth through patience and conviction.
Differentiated
The potential for returns that may be significantly different to those provided by the index and more traditional global equity funds.
Why invest?
EstablishedThe Fund’s process has been shown to be effective, based on a philosophy developed by Paul Moore, over 35 years. This has produced attractive long term capital growth. |
UnrestrictedWe have an authentic investment process where our exposure to industry sectors, geographic regions or market capitalisation is determined solely by our conviction in the risk/ reward opportunities that we identify within portfolio guidelines. No conviction = no investment. |
OpportunisticThe Fund aims to create long term wealth for our co-investors by finding and exploiting investment anomalies around the world, wherever they are. We find opportunities where others may only see risks. |
Co-investmentOur co-investors receive access to a unique subset of opportunities to which they would otherwise find difficult to access. The management team have significant investments in the PM Capital Global Equities strategy – they invest for and with you. |
Fund facts
Fundamental, bottom-up, research-intensive approach
As a guide, 25-45 globally listed businesses.
7 years plus
The Fund may be appropriate for investors seeking capital appreciation over a seven plus year investment horizon.
Paul Moore
Kevin Bertoli
John Whelan
Unlisted global equity fund, $A, unhedged
APIR PMC0100AU
ARSN 092 434 618
Meet the Manager
1Morningstar Direct. As at 30 June 2023, PM Capital’s Global Companies Fund ranked top decile in its Morningstar Australian Open-Ended Equity World Large Blend peer group over 1,3,5,7,10,15 and 24 year period. © 2023 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘class service’ have been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/s/fsg.pdf. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information.
This advertisement is issued by PM Capital Limited (AFSL No. 230222) as RE for the PM Capital Global Companies Fund (ARSN 092 434 618, Inception: 28 Oct 1998). The information herein may change without notice, does not constitute advice or a recommendation, and does not take into account the objectives, financial situation or needs of any investor which should be considered before investing. Consider the Target Market Determinations and the current PDS at www.pmcapital.com.au and seek financial advice prior to making a decision to invest. Past performance is not a reliable guide to future performance. The return of capital, or rate of return, is not guaranteed. Professional Investor is not an actual publication.
* © 2023 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘class service’ have been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/s/fsg.pdf. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information.
The Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating (assigned November 2022) referred to in this document is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at www.zenithpartners.com.au.
The rating issued 04/2023 is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2023 Lonsec. All rights reserved.