The Tyndall Australian Share Concentrated Income Fund is a managed investment scheme that invests primarily in shares listed on the Australian Stock Exchange (ASX).

Investment objective
The Fund aims to achieve a total return of CPI + 6% p.a. over rolling seven year periods, and to rovide a grossed up dividend yield greater than the S&P/ASX 200 Accumulation Index.

Key benefits

• ‘True to label’. The Fund has a genuine focus on primarily generating income by investing in shares, which also allows it to deliver on its secondary objective of long-term capital growth.
• Traditional share-based approach. The Fund’s focus on dividend yields rather than derivatives to generate income, makes it a simple and straightforward investment proposition for investors.
• Proven and disciplined investment process. The Fund is managed using an intrinsic value style that seeks to identify good value stocks with the objective of maximising returns while minimising downside risk.
• Managed by a large, experienced and stable investment team. The 11-member Tyndall Australian equities team has an average of 16 years’ industry experience and has been working together as a team for an average of eight years.
• Long track record in managing share income mandates. Tyndall’s Australian equities team has a 12-year track record in managing share income mandates for institutional clients.
• Multi-award winning. The Tyndall cash and fixed income process and team have received numerous high profile industry awards.
• Aligned interests. The 50:50 joint venture ownership arrangement between Tyndall Investment Management Limited and the Australian equities team ensures an alignment of interests between the investment team and clients.

Fund characteristics

• The Fund will generally invest in 15 to 25 of the largest 200 companies listed on the ASX, with a preference for readily marketable shares that deliver tax-effective income.
• Stock selection for the Fund is via an active, bottom up, stock picking process using Tyndall Investment Management Limited's intrinsic value approach.
• Derivatives may be used however the investment strategy does not permit derivatives to be used for gearing purposes.

.^ Fund returns can be volatile. TAML does not guarantee to provide distributions, or the amount of distributions.