Charities & Not-For-Profit Investors
Warakirri Charitable Australian Equities Trust
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.
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.
Who does this investment suit?
The Warakirri Charitable Australian Equities Trust is best suited to:
Stable and experienced Charitable Investment Committee
- Conor Hayes
- Jim McKay
- Andrew Sisson
- Large Cap specialist
- David Slack
- Small Cap specialist
- Stephen Thompson
- Broad Market specialist
Warakirri Ethical Overlay
The Warakirri Ethical Overlay is managed by Warakirri and incorporates both positive and negative components, as detailed below.
The positive overlay component incorporates a focus on investment in sustainable businesses that exhibit sound environmental, social and governance practices.
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