WaveStone is a specialist boutique Australian Equities manager based in Sydney. Founded in 2006, WaveStone aims to provide tax-effective income and capital growth over the long-term by investing in a portfolio of quality businesses, identified as offering the common theme of Sustainable Competitive Advantage (SCA) – businesses with superior corporate DNA operating within industries with favourable dynamics that deliver above market earnings growth.
For more information, please visit www.wavestonecapital.com
WaveStone are an active high conviction manager with a bottom up stock-picking process.
WaveStone invests in proven business models with an equity market capitalisation greater than $200m at the time of purchase. Typically, the companies they invest in are prudently financed, well managed and have a track record of success. The WaveStone team apply growth, quality and valuation tests, positioning their investment style towards growth at a reasonable price (GARP). WaveStone’s approach tends to favour companies that will grow earnings faster than the market over the medium term.
The WaveStone Australian Share Fund (the Fund) invests primarily in securities listed on Australian exchanges but may also have up to 10% exposure to international securities listed in exchanges in developed markets. Securities include equity securities, hybrid securities (for example, convertible preference shares) and shares in unlisted companies provided that they are expected to list within 12 months. The Fund may invest in up to 50 companies, will usually have some cash investments and may use options, futures and other derivatives.
Current as of May 2021
Inception Date
Management Fee
Suggested Minimum Time Frame
Funds Under Management*
Distribution Frequency
Minimum Investment
APIR Code
Interests in the WaveStone Australian Share Fund ARSN 107 016 866 are offered by Fidante Partners Limited (ABN 94 002 835 592 AFSL 234668) (Fidante Partners). Fidante Partners has appointed WaveStone Capital Pty Limited (ABN 80 120 179 419 AFSL 331644) as the investment manager of the Fund.
2.87%
1 month
8.90%
3 months
28.72%
1 year
9.81%
3 years (p.a.)
10.51%
5 years (p.a.)
-
10 years (p.a.)
10.61%
Since inception (p.a.)
To view historical unit prices and distributions click here
The WaveStone Dynamic Australian Equity Fund (the Fund) is a long/short fund which offers investors a long/short Australian equities opportunity through a high conviction portfolio. WaveStone will vary its exposure to the stock market and operates between 50% to 100% net equity exposure (long positions less short positions). The Fund is a concentrated portfolio of generally between 25 and 50 Australian and New Zealand securities. The Fund may also invest up to 10% in international securities. It will hold up to 10 short positions in stocks where there is a belief that the company is overvalued. It also can use options, futures and other derivatives to manage risk.
Current as of May 2021
Inception Date
Management Fee
Suggested Minimum Time Frame
Funds Under Management*
Distribution Frequency
Minimum Investment
APIR Code
*Funds under management displayed at a class level only.
Interests in the WaveStone Dynamic Australian Equity Fund ARSN 134 793 605 are offered by Fidante Partners Limited (ABN 94 002 835 592 AFSL 234 668) (Fidante Partners). Fidante Partners has appointed WaveStone Capital Pty Limited (ABN 80 120 179 419 AFSL 331644) as the investment manager of the Fund.
3.38%
1 month
8.44%
3 months
26.83%
1 year
9.05%
3 years (p.a.)
9.73%
5 years (p.a.)
10.42%
10 years (p.a.)
11.23%
Since inception (p.a.)
3.20%
1 month
7.99%
3 months
25.80%
1 year
7.31%
3 years (p.a.)
8.20%
5 years (p.a.)
8.97%
10 years (p.a.)
9.73%
Since inception (p.a.)
To view historical unit prices and distributions click here
The WaveStone Capital Absolute Return Fund (the Fund) is an Australian equity long/short fund. The Fund’s aim is to provide capital growth over the long term. It will vary its exposure to the stock market and operates between 0% to 100% net equity exposure (long positions less short positions). The Fund is a concentrated portfolio of generally between 25 and 50 companies listed in Australian and New Zealand and may also have up to 10% exposure to international securities listed in exchanges in developed markets.
The Fund is available to wholesale clients (as defined in the Corporations Act 2001) only.
Current as of May 2021
Inception Date
Management Fee
Suggested Minimum Time Frame
Funds Under Management*
Distribution Frequency
Minimum Investment
APIR Code
2.89%
1 month
7.68%
3 months
25.40%
1 year
7.71%
3 years (p.a.)
7.76%
5 years (p.a.)
8.76%
10 years (p.a.)
7.91%
Since inception (p.a.)
To view historical unit prices and distributions click here
The Fund is only available to wholesale clients (as defined in 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.
Product Updates
September 2019
This fund is only available to wholesale clients (as defined by the Corporations Act 2001). Please contact Fidante Client Services on +61 13 51 53 if you are a wholesale client and wish to invest in the fund.
