INVESTMENT GOVERNANCE COMMITTEE AGENDA

Meeting: 28th January 2025 - 10am

Voting Members: Jamie, Drew, Jake, Kev

Guests Invited: Nick, Mish

AGENDA ITEMS:

PROPOSED APL ADDITIONS

Please find below links to product recommendation papers for additions to the APL menu:

• CNA0811AU - Invesco Wholesale Australian Share Fund
• BNT0003AU - Hyperion Australian Growth Companies Fund
• RGL0002AU - Regal Australian long Short Equity Fund
• MUA0002AU - Munro Global Growth Fund
• ETL1954AU - L1 Capital International Fund
• VEU(ETF) - Vanguard All-World ex-US Shares Index ETF
• BQC1757AU - Black Nova VentureFund II [ILLQUID = 10+ Year Exit]
• NCC2110AU - Reservoir Event Driven Credit Fund [SEMI-LIQ = Quarterly Windows]


• The CFS Accelerate Series Products provide APIR wrapped mandates equivilent to a number of products already being used within Atchison Models. Fees available are similar or better then we have been able to negotiate directly. Use of >30% of these solutions within a Client portfolio provides access to a 30% Platform Admin fee. Addition of these Accelerate APIR solutions is recommended:


• ACTION RECOMMENDED: Approve Addition of above products to APL





PRODUCTS CURRENTLY UNDERGOING RESEARCH

The following products are currently activiely being reseached for potential future addition to the menu:

• PG3 (Partners Group) – (SEMI-LIQUID) 3 investment streams in one fund, Insurance / Legal / Royalties – Investment through Longreach Alternatives
• Coller Capital – (SEMI-LIQUID) Private Equity Secondaries Fund
• Artisan Credit Opportunities Fund – (SEMI-LIQUID) Aim is to take advantage of the illiquidity premium and the asymmetric risk profile in below investment-grade credit and loans
• Safar Partners – (ILLIQUID CLOSED END) Venture Capital, investing in Harvard and MIT Projects – Investment through Apostle Funds Management


• No Action Recommended



QUANTITATIVE APL MONITORING

• Quantitative Manager Analysis (APL report) - December 2024


• No Action Recommended



QUALITATIVE APL MONITORING

Please find below links to product recommendation papers for removals to the APL menu following qualitative review:

• ALR2783AU-Australian Eagle Trust
• ASX0001AU-Auscap Long Short Australian Equities


• ACTION RECOMMENDED: Approve Removal of above products from APL



COMBINED FULL LIST WATTLE+ATCHISON

Attached is a combined list of Wattle & Atchison APL Items. Atchison to review & document products not previously qualitatively assessed with initial focus on Alternatives

• Combined List Wattle+Atchison APL (excel spreadsheet download)


• ACTION RECOMMENDED: Atchison to prepare research on list of non-SMA Alternatives



ADDITIONAL MATERIALS - PROVIDED FOR TRANSPARENCY (Not Voting)

Market Indices & Monthly Commentary

• Key Investment Market Performance Tables
• Market Performance Summary Paper - Quarter End (Dec)



Tactical Positioning

• Tactical Asset Allocation Paper - Q4 2024



SMA Portfolio Reporting

• Atchison 55 ACTIVE
• Atchison 70 ACTIVE
• Atchison 55 ACTIVE
• Atchison 70 ACTIVE
• Atchison Australian Shares Sleeve
• Atchison International Shares Sleeve
• Atchison Real Assets Sleeve
• Atchison Alternatives Sleeve
• Atchison Long Duration Sleeve
• Atchison Floating Rate Sleeve

END OF AGENDA ITEMS

CONTACT US

Please reach out via phone or email below:

Email: enquiries@atchison.com.au

Phone: +61 3 9642 3835

Address (Melbourne): Level 4, 125 Flinders Lane Melbourne Victoria 3000 Australia

Address (Sydney): Level 3, 63 York Street, Sydney, NSW 2000 Australia