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Australia

About the Fund

A portfolio of undervalued companies constructed without regard to index weights, aiming to deliver monthly income with downside protection.

Sustainable income paid monthly and majority franked.
A focus on downside protection through fundamental research.
A benchmark unaware approach to portfolio construction.

Why this Fund

The Fund suits investors with a view to invest for at least five years and are seeking high levels of return and are comfortable with a moderate level of volatility.

Access to a portfolio of high free cash flow producing companies selected without reference to the benchmark.
Aims to provide reliable and consistent monthly income, predominantly from franked dividends. 
Utilises a derivatives overlay to remove a large part of the volatility associated with traditional equities portfolios.

Fund Facts

About this fund
Unit prices (at 25 May 2026)
Buy $1.27 / Sell $1.27
Buy/sell spread
0.20% / 0.20%
Inception date
30 Sep 2005
Benchmark
-
Fund size (at 30 Apr 2026)
$316.39m
Distribution Frequency
Monthly
Suggested Min Timeframe
-
Currency
AUD
Portfolio Managers
Neil Margolis
Fund IDs
APIR
HBC0011AU
ARSN
-
TICKER
-
Fees / Pricing
Management Costs
0.95%
Performance Fee (if applicable)
-
Minimum Investment
-

Interests in the Merlon Australian Share Income Fund ARSN 090 578 171 are offered by Fidante Partners Limited (ABN 94 002 835 592 AFSL 234 668) (Fidante Partners). Fidante Partners has appointed Merlon Capital Partners Pty Ltd (ABN 94 140 833 683 AFSL 343753) as the investment manager of the Fund. 

Resources

You should read the Fund's TMD and PDS to ensure the key attributes of the Fund as described in the TMD and PDS aligns with your objectives, financial situation and needs before making a decision about whether to acquire or continue to hold the Fund.

Closed Funds 

Merlon also manages the following funds which are being wound up. 

Merlon Australian Equity Income Fund (APIR: WAR0002AU) - Unit Price History I Fund Termination Update

MCP Australian Share Income Fund (APIR: EQI0004AU) - Unit Price History I Fund Termination Update