Merlon Capital Partners

Merlon Capital Partners

Merlon Capital Partners (Merlon) is an Australian-based boutique fund manager specialising in equity income strategies.

About

Merlon commenced operation in May 2010, with the objective of providing high quality, tailored investment management services to investors. Merlon's investment approach is to build a portfolio of undervalued companies with high levels of sustainable free cash flow and to then reduce some risk through the use of derivatives.

For more information, please visit www.merloncapital.com.au

Approach

Merlon's investment approach is to build a portfolio of undervalued, high dividend yielding companies and to then reduce some risk through the use of derivatives. Merlon aims for the Fund to be fully invested in large and mid-cap companies listed on the ASX, which are selected based on Merlon's investment philosophy.

Funds

Merlon Australian Share Income Fund 

Strategy

Merlon seeks to construct a portfolio of high-yielding companies around an equally weighted benchmark with valuation upside and sustainable free cash flow yields, whilst reducing market exposure using options that focus on stocks with poor short-term momentum characteristics.

Suits Investors Seeking:

  • To invest for at least five years
  • Higher levels of return and are comfortable with moderate volatility
  • Stable, tax-effective monthly income

Fund Downloads

Fund Report

Fund Profile

PDS

Benchmark

S&P/ASX 200 Accumulation Index

Overview

Current as of March 2018

30 September 2005

Inception Date

0.95% p.a.

Indirect Cost Ratio

5 Years

Suggested Minimum Time Frame

A$500.3M

Funds Under Management*

Monthly

Distribution Frequency

MLO02

mFund Code

$10,000

Minimum Investment

HBC0011AU

APIR Code

*Funds under management displayed at a class level only. 

Interests in the Merlon Australian Share Income Fund and the Merlon Australian Share Income Fund are offered by Fidante Partners Limited ABN 94 002 835 592 AFSL 234668 (Fidante Partners). Fidante Partners has appointed Merlon Capital Partners Pty Ltd as the investment manager of the Fund.

Closed Funds

Merlon also manages the following funds.  These funds are closed to new investors.  Existing investors can continue to make additional investments into each fund.

Merlon Australian Equity Fund (APIR: WAR0002AU)

MCP Australian Share Income Fund (APIR: EQI0004AU) 

Fund Performance (Net - including franking credits) as at: 31 Mar 2018

-2.78%

1 month

-3.72%

3 months

3.27%

1 year

6.28%

3 years (p.a.)

7.91%

5 years (p.a.)

6.77%

10 years (p.a.)

7.22%

Since inception (p.a.)

Fund Performance (Net - excluding franking credits) as at: 31 Mar 2018

-2.97%

1 month

-4.31%

3 months

1.68%

1 year

4.54%

3 years (p.a.)

6.11%

5 years (p.a.)

4.54%

10 years (p.a.)

4.90%

Since inception (p.a.)

Past performance is not a reliable indicator of future performance. Performance figures are calculated after fees have been deducted and assume distributions have been reinvested. No allowance is made for tax when calculating these figures. The inception date for the Fund is 30 September 2005.

Unit Prices and Distributions

To view historical unit prices and distributions click here

Offer Documents 

 


Forms

 


Reports & Flyers

 


Product Updates

January 2018

Change to the contact information for the Financial Ombudsman Service 

Merlon Concentrated Australian Share Fund

Strategy

Merlon believes that stocks trading below fair value will outperform through time. Merlon measures value by sustainable free cash flow yield. Merlon’s investment approach is to build a portfolio invested in companies with valuation upside on a broadly equal weight basis. Merlon aims for the Fund to be fully invested in a concentrated number of large and mid-cap companies listed on the ASX.

Merlon views franking credits similarly to cash and takes a medium to long term view.

Suits Investors Seeking:

  • To invest for at least five years
  • Higher levels of return (with a large proportion of returns coming from income) and are comfortable with high volatility

Fund Downloads

PDS

Benchmark

S&P/ASX 200 Accumulation Index

Offer Documents 

 


Forms

Merlon Australian Share Fund - Class I

Strategy

The Fund provides investors with the opportunity to access a diversified portfolio of Australian securities listed or about to list on the Australian Securities Exchange (ASX). The Fund is designed for investors seeking a fund with a particular emphasis on income (some of which maybe tax effective) while retaining the potential for capital growth.

The Fund is available to wholesale clients (as defined in the Corporations Act 2001) only.

Suits Investors Seeking:

  • Stable, tax-effective income
  • Exposure to large and mid-cap companies listed on the ASX
  • To invest for at least five years

Benchmark

S&P/ASX 200 Accumulation Index

Overview

Current as of March 2018

21 December 2010

Inception Date

0.95% p.a.

Management Fee

5 Years

Suggested Minimum Time Frame

A$278M

Funds Under Management*

Quarterly

Distribution Frequency

$500,000

Minimum Investment

-

APIR Code

Funds under management displayed at a class level only.

Interests in the Merlon Australian Share Fund are offered by Fidante Partners Limited ABN 94 002 835 592 AFSL 234668 (Fidante Partners). Fidante Partners has appointed Merlon Capital Partners Pty Ltd as the investment manager of the Fund.

Closed Funds

Merlon also manages the following funds.  These funds are closed to new investors.  Existing investors can continue to make additional investments into each fund.

Merlon Australian Equity Fund (APIR: WAR0002AU)

MCP Australian Share Income Fund (APIR: EQI0004AU) 

Offer Documents

This fund is only available to wholesale clients (as defined by the Corporations Act 2001). Please contact Fidante Institutional Client Services on +61 13 51 53 if you are a wholesale client and wish to invest in the fund.


Reports & Flyers

 


 


Reports & Flyers

 

 

Our Team

Neil Margolis
Neil Margolis
Lead Portfolio Manager and Principal
Hamish Carlisle
Hamish Carlisle
Analyst/Portfolio Manager and Principal
Ben Goodwin
Ben Goodwin
Analyst/Portfolio Manager and Principal
Adrian Lemme
Adrian Lemme
Analyst/Portfolio Manager and Principal
Joey Mui
Joey Mui
Analyst/Portfolio Manager
Andrew Fraser
Andrew Fraser
Trader and Principal
Caroline Mullin
Caroline Mullin
Associate Analyst

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