The Tyndall Australian Share Income Fund invests in 40-70 stocks and is designed to primarily provide tax-effective income and also the potential for capital growth.

Investment objective
The primary objective of the Tyndall Australian Share Income Fund (the Fund) is to provide a tax-effective income stream that exceeds the dividend yield of the S&P/ASX 200 Accumulation Index (grossed up for franking credits) by 2% p.a. over rolling five-year periods. Its secondary objective is to provide long-term capital growth through investing in undervalued companies using Tyndall’s intrinsic value approach.

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.
• 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.
• Well rated. The Fund is well rated by leading research houses.

Fund characteristics

• Primary performance objective is to provide a tax-effective income with potential for capital growth
• Portfolio invests in 40-70 stocks
• Targets a higher grossed-up dividend yield than the market
• No targeted tracking error, as the portfolio is constructed on an absolute return basis, however it is monitored
• Tends to have a greater bias towards mid-cap stocks

* Tasman Asset Management Limited ABN 34 002 542 038 AFSL 229664 (TAML) may accept lower amounts at any time at its discretion. ^ Fund returns can be volatile. TAML does not guarantee to provide distributions, or the amount of distributions.