Charities & Not-For-Profit Investors

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Warakirri Charitable Australian Equities Trust

Overview

Established in June 1993, the Warakirri Charitable Australian Equities Trust (WCAET) was Warakirri’s first offering for charitable and tax-exempt investors. Consisting of a portfolio of Australian equities, the WCAET is managed by our high calibre Charitable Investment Committee, who seek to invest in sustainable and undervalued companies listed on the Australian Securities Exchange (ASX). The WCAET incorporates the Warakirri Ethical Overlay and aims to outperform the broader market over the medium to long term. The trust typically holds 25-35 companies. All trust income is distributed quarterly to investors.

Performance

As at 30 September 2018, the WCAET returned +11.4% p.a. (after fees) since inception in 1993. This is +2.2% p.a. (after fees) in excess of the S&P/ASX 300 Accumulation Index and before the benefit of franking credits.

CAET
For a more detailed summary of performance, please contact investor relations on +61 3 8613 1111 or investorrelations@warakirri.com.au
Who does this investment suit?

The Warakirri Charitable Australian Equities Trust is best suited to:

Tax-exempt investors with the ability to claim franking credits
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Investors who have an investment horizon of 5 years+
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Investors who require an ethical overlay
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Key Attributes

Stable and experienced Charitable Investment Committee

Since 2017
  • Conor Hayes
  • Chairman
20 years experience
Conor has over 20 years’ experience working in the financial services industry. Conor has worked with Warakirri for 10 years and has had responsibility for the development of Warakirri’s tax-exempt business for much of that time.  Prior to joining Warakirri Conor worked at Bank of Ireland Asset Management, in both Ireland and Australia, with roles relating to portfolio construction, investor relations and compliance. Conor holds a MSc in Investment & Treasury and is a Graduate Member of the AICD.
Since 2017
  • Jim McKay
  • Member
25 years experience
Jim has over 25 years’ experience across the financial services industry. Prior to joining Warakirri, Jim was Head of Distribution for Franklin Templeton Investments, Managing Director of the wealth management division of Challenger, the CEO of Boss Software International, and Head of Distribution for ING Investment Management and a member of their Asian Leadership Team. Jim has a Bachelor of Economics, a Post Graduate Degree in Finance and Investments, and an MBA from the Melbourne Business School at the University of Melbourne. Jim is a member of the Australian Institute of Company Directors and a Graduate of their Company Directors program.
Since 1993
  • Andrew Sisson
  • Large Cap specialist
42 years experience
Andrew founded Balanced Equity Management (BEM) in 1998. BEM manages approximately $10 billion in large capitalisation Australian equities. Andrew’s participation on the Committee is separate and distinct from his role at BEM. In 2011 BEM was sold to Franklin Templeton Group. Andrew is contracted to remain as the investment principal of BEM. Andrew provides expertise on large cap stocks as a member of the Warakirri Charitable Investment Committee.
Since 2010
  • David Slack
  • Small Cap specialist
38 years experience
David is a co-founder of Karara Capital where he is currently Managing Partner and specialises in small companies. Prior to this, David was a co-founder of Portfolio Partners Ltd and has also held senior roles at County NatWest and VFMC. Karara Capital currently manages over $2.5 billion in Australian equities. David has sat on the Warakirri Charitable Investment Committee since 2010, and provides expertise on small cap stocks. David provides expertise on small cap stocks as a member of the Warakirri Charitable Investment Committee
Since 2014
  • Peter Cooper | Stephen Thompson
  • Broad Market specialists
29 years experience
Peter founded Cooper Investors in 2001, where he is Chief Investment Manager and Managing Director. Cooper Investors is a specialist equity fund manager, with approximately $8bn under management in Australian and international equities. Prior to his current role, Peter was a managing director of Merrill Lynch, where he was responsible for overseeing a team managing $7.5 billion in Australian equities. Peter provides expertise on mid cap stocks as a member of the Warakirri Charitable Investment Committee
31 years experience
Stephen joined Cooper Investors in 2002, and currently holds dual responsibilities as both a Director and Portfolio Manager. Stephen’s experience in investment management includes working in the Investment Division of the SECV Superannuation Fund from 1985, prior to joining Aberdeen Asset Management as Director Equities. Peter provides expertise on mid cap stocks as a member of the Warakirri Charitable Investment Committee

Warakirri Ethical Overlay


The Warakirri Ethical Overlay is managed by Warakirri and incorporates both positive and negative components, as detailed below.

Positive Overlay
The positive overlay component incorporates a focus on investment in sustainable businesses that exhibit sound environmental, social and governance practices.

Negative Overlay
The negative component excludes investment in companies that Warakirri considers have significant businesses involved in:
- Provision of gaming products and/or services;
- Manufacture of tobacco products;
- Manufacture of products that could contribute to increased levels of obesity;
- Manufacture of alcoholic beverages; and
- Manufacture of products for military applications.
- Extraction of Thermal Coal and Coal Seam Gas

Warakirri is ultimately responsible for the application and implementation of the Warakirri

Consistent & Proven Investment philosophy

Charitable Trusts - Investment Process