The Lakehouse Global Growth Fund

The Lakehouse Global Growth Fund

The Lakehouse Global Growth Fund ARSN 621 899 367 (Fund) is an open ended fund for retail and wholesale investors, which will focus on the mid- to large-cap companies that are listed in developed markets.

Investment Manager

Lakehouse Capital has been appointed as the investment manager (Investment Manager) of the Fund and is the funds management arm of The Motley Fool Australia.

Investment Strategy

The Investment Manager’s strategy for the Fund is to invest the majority of assets in a high conviction portfolio of 20 to 40 mid and large capitalisation companies with expected long-term growth, and that are listed in developed markets. The Fund will typically hold 5% to 15% of its capital in cash, but may hold up to 25% based on the prevailing opportunity set. The Fund will not borrow, sell short, or use derivatives.

Investee companies are expected to hold the following attributes:

  • Strong positions in growing markets.
  • Pricing power with customers and suppliers.
  • Durable competitive advantages grounded in: scale, strong brands, network effects, or high  customer switching costs.
  • Aligned and experienced management teams with strong track records of capital allocation.
  • Conservative balance sheets.
  • Attractive valuations.

The Investment Manager filters potential investments through a checklist of qualitative and quantitative factors before proceeding with a deeper exploration of the company’s history, business model, leadership, supply chain, competition, financials, risks, and valuation.

While the Fund will focus on mid- and large-capitalisation companies listed in developed markets, it will, where the investee company meets the attributes above, invest in companies that are listed in emerging markets or that are smaller in capitalisation.

Further Information

The Investment Manager aims to provide Investors with an annual distribution through investment in an actively managed and diversified portfolio of assets, while affording flexibility to Investors who wish to withdraw from the Fund.

The Fund’s investment objective is to provide long-term capital growth and to outperform the MSCI All Country World Index net total returns (AUD) over rolling 5-year periods.

A copy of the PDS and Additional Information Booklet is available from the right hand side of this page. Should you wish to invest, please click on the Application Form link on the right hand side of the page and complete the online application process.