Aura Multi Asset Fund
The Aura Multi Asset Fund aims to provide investors exposure to an actively managed portfolio of managed funds and passive strategies (e.g. exchange traded funds) across different asset classes and investment styles.
The Fund objective is to provide a total investment return of Consumer Price Index (CPI) + 2.5% p.a. net of fees and expenses over rolling 5-year periods.
About the Fund
The Aura Multi Asset Fund is designed for investors seeking a balanced, diversified solution to investing across multiple asset classes and investment styles. The Fund's strategy is underpinned by an experienced team with a 13-year plus track record of managing a portfolio with a similar investment strategy, for Australia's largest mutual organisation.
The purpose of this Fund is to generate attractive stable, risk-adjusted returns through asset allocation, specifically positioning exposures using risk-adjusted return analysis. The key differentiator of the Fund is to minimise the risk of substantial negative return periods by balancing exposures with underlying correlation analysis and expected returns projections.
The Fund aims to generate a total return of CPI + 2.5% p.a. over rolling-5 year periods, net of fees and expenses. The Manager will tilt towards different investment styles depending on a range of factors, including their assessment and expectations for risk-adjusted returns of asset classes, valuations, economic and market cycles, and general market sentiment/momentum.
The following returns are as at 31 October 2023.
|1 Month||3 Month||6 Month||1-Year||Since Inc. (cum)*|
AMAF (gross returns)
AMAF (net returns)
CPI + 2.5% (benchmark return)
*Past performance is not a reliable indication of future performance. Net returns are after fees and expenses and assume the reinvestment of distributions. Returns and distributions are not guaranteed.
Boutique approach to multi-asset investment via a mix of passive and active strategies
Formulaic, responsive method aimed at reduced volatility
Aims of total return of CPI + 2.5% p.a. net of fees & expenses over 5yr periods
Intends to offer monthly redemptions & semi-annual distributions
Type, Frequency & Target Return
Minimum Funds & Redemptions
Fees & Expenses
Wholesale clients as defined by the Corporations Act who have an accountant’s certificate confirming a gross income of over $250,000 p.a. in each of the previous two years and or net assets of at least $2.5 million. Alternatively, you may qualify without an accountant’s certificate if you invest $500,000 or more.
The Aura Multi Asset Fund is an open-ended fund that provides semi-annual distributions, targeting a total return of CPI + 2.5% p.a. (net of fees and expenses) over rolling 5-year periods.
Aura Group Funds have a minimum investment of A$250,000. The Fund intends (but does not guarantee) to satisfy withdrawal requests on a monthly basis, provided a valid redemption request is submitted at least 30 days’ before the last calendar day of each month and subject to available cash. Investors will generally be paid their redemption proceeds within 15 days after the end of each month.
The Fund has a management fee of 0.88% (excluding GST). Expenses for the Fund are estimated to be 0.28% p.a. on $35m FUM Fund size.
Where the FUM of the Fund is below $35m, the Fund expenses may be considerably higher.
How to Apply
Thank you for your interest in the Aura Multi Asset Fund.
The Fund has a minimum investment of A$250,000, if you meet the criteria for wholesale and sophisticated clients as defined by the Corporations Act 2001.
Before making an application for units in the Fund, please read the Information Memorandum.
What is the Fund's investment objective?
The investment strategy seeks to drive value through asset allocation, specifically positioning exposures on attractive risk-adjusted return analysis. A key focus of the strategy is to seek to minimise the risk of substantial drawdowns through a quantitative optimisation model that seeks to balance exposures with underlying correlation analysis and expected returns and risk projections. Any such projections are subject to assumptions made by the Manager, and expected returns are subject to risks and are not guaranteed.
The Fund targets a total return of CPI + 2.5% p.a. (net of fees and expenses) over rolling 5-year periods. This is a target only, and there is no guarantee that this target will be achieved.
What is the minimum initial investment?
The minimum investment for the Aura Multi Asset Fund is $250,000, though lower amounts may be considered.
How often is income paid?
The Fund intends to make semi-annual distributions, subject to the performance of the Fund. Investors can elect to re-invest distributions into new Units of the Fund; if no election is made, distributions will be automatically reinvested. The units issued under the distribution period, using the applicable ex-distribution NAV price.
How do I redeem funds?
The Fund intends to satisfy withdrawal requests on a monthly basis, provided a valid redemption request is submitted at least 30 days' before the last calendar day of each month and subject to available cash.
Provided the Fund has sufficient liquidity to satisfy withdrawal requests, investors will generally be paid their redemption proceeds within 15 days after the end of each month.