|Philosophy||We believe people are motivated by short-term outcomes, over-emphasise recent information and are uncomfortable having unpopular views.|
|Investment Process||The Merlon process is simple: we invest in undervalued companies where we think market participants have become too pessimistic.|
|ESG Integration||Deep consideration of ESG within the investment process, and strong active ownership. Specialised resource to support the investment team.|
|Investable universe||ASX listed subject to liquidity, with a focus on ASX200|
|Number of stocks||25-35|
|Risk Management (Level I)||Risk managed through: i) Fundamental research; ii) portfolio risk constraints; and iii) statistical risk analysis|
|Risk Management (Level II)||N/A||Hedge overlay targeting 30% market exposure (risk) reduction|
|Outperformance target||3-5% p.a.
vs 70% ASX200 / 30% Bank Bills
|Likely investor type*||Investors seeking capital growth||Investors seeking capital growth with stable, tax effective income|
*For further information on the target market for these funds, please read the Target Market Determination located on the fund pages.