Overview

The WCM Quality Global Growth Fund (Quoted Managed Fund) (WCMQ or the Fund) is an exchange traded managed fund investing in global equities.

The Fund provides investors with access to an actively managed portfolio of quality global companies found primarily in the high growth consumer, technology and healthcare sectors.

The portfolio is managed by WCM Investment Management, LLC (WCM), a California-based specialist global equity firm with an outstanding long-term investment track record.

WCM's investment process is based on the belief that corporate culture is the biggest influence on a company's ability to grow its competitive advantage or 'moat'. This process has resulted in WCM's Quality Global Growth Equity Strategy Composite outperforming the MSCI World Index by an annualised 3.99% per annum over more than a decade (inception 31 March 2008), with total firm assets under management growing to over A$139.2 billion (as at 31 March 2024).

The performance objective of the portfolio is to exceed its benchmark over rolling three-year time periods, and to experience lower volatility than the benchmark.

  • Proven world-class manager
  • Unique investment process
  • Quality global stocks
  • Active all-weather portfolio

Platforms

The WCM Quality Global Growth Fund (Quoted Managed Fund) is available via the following platforms:

  • AMP North
  • BT Panorama
  • BT Wrap
  • HUB24
  • Macquarie
  • Netwealth
  • PowerWrap

Key Fund Info

Key Fund Facts

ASX Code WCMQ
Responsible Entity AGP Investment Management Limited
Investment Manager WCM Investment Management, LLC
Benchmark MSCI All Country World Index ex-Australia (with gross dividends reinvested reported in Australian Dollars and unhedged)
Management Fee 1.25%
Administration Fee 0.10%
Performance Fee 10% excess return above the Benchmark after Management Fee

Fee is capped at 0.375% for the 6 month period based on the ending portfolio value

Investment Guidelines

Global listed equities (ex-Australia) 93% – 100%
Cash 0% – 7%

Announcements

Date Description Link
13/06/2024 Investment Update 31 May 2024 View
06/06/2024 Monthly Redemptions and Units on Issue as at 31 May 2024 View
05/06/2024 Compliance Plan Auditor Change View
31/05/2024 Quarterly portfolio disclosure as at 31 March 2024 View
14/05/2024 Investment Update 30 April 2024 View
06/05/2024 Monthly Redemptions and Units on Issue as at 30 April 2024 View
09/04/2024 Investment Update 31 March 2024 View
05/04/2024 Monthly Redemptions and Units on Issue as at 31 March 2024 View
12/03/2024 2024 Interim Financial Report View
12/03/2024 Investment Update 29 February 2024 View
06/03/2024 Monthly Redemptions and Units on Issue at 29 February 2024 View
29/02/2024 Quarterly portfolio disclosure as at 31 December 2023 View
14/02/2024 Investment Update 31 January 2024 View
06/02/2024 Monthly Redemptions and Units on Issue as at 31 January 2024 View
11/01/2024 Investment Update 31 December 2023 View
05/01/2024 Monthly Redemptions and Units on Issue at 31 December 2023 View
14/12/2023 Investment Update 30 November 2023 View
13/12/2023 Quarterly portfolio disclosure as at 30 September 2023 View
06/12/2023 Monthly Redemptions and Units on Issue at 30 November 2023 View
10/11/2023 Investment Update 31 October 2023 View
06/11/2023 Monthly Redemptions and Units on Issue as at 31 October 2023 View
11/10/2023 Investment Update 30 September 2023 View
05/10/2023 Monthly Redemptions and Units on Issue as at 30 Sept 2023 View
12/09/2023 Investment Update 31 August 2023 View
12/09/2023 Annual Financial Report 30 June 2023 View
06/09/2023 Monthly Redemptions and Units on Issue as at 31 August 2023 View
31/08/2023 Quarterly portfolio disclosure as at 30 June 2023 View
09/08/2023 Investment Update 31 July 2023 View
04/08/2023 Monthly Redemptions and Units on Issue as at 31 July 2023 View
27/07/2023 WCMQ FY2023 Performance Update View
12/07/2023 Investment Update 30 June 2023 View
07/07/2023 Actual distribution for year ending 30 June 2023 View
06/07/2023 Monthly Redemptions and Units on Issue as at 30 June 2023 View
28/06/2023 Estimated distribution for year ending 30 June 2023 View
23/06/2023 Change of Registered Office Address View

Why Invest

Proven World-class Manager

WCM has an outstanding long-term track record of global equity management. Their Quality Global Growth strategy has outperformed the MSCI World Index by an annualised 3.99% since its inception in 2008. Consistency of performance has been a large factor behind the firm managing assets on behalf of many of the world’s biggest pension plans including a number of large Australian superannuation funds.

Unique Investment Process

WCM’s two key criteria for any company to be considered for inclusion in the Strategy are:

 

  1. a rising competitive advantage (or expanding economic moat) and
  2. a corporate culture that supports the expansion of this moat.

WCM believes the direction of a company’s economic moat is of more importance than its absolute width or size.

Active All-weather Portfolio

A key to building long-term wealth is to maximise participation in rising markets while limiting the impact of market weakness. The fund has therefore been designed as an ‘all weather one’ capable of strong relative performance in both up and down markets. WCM’s focus on high quality companies with expanding moats is a proven approach for achieving this objective. This is evidenced by their Quality Global Growth strategy having delivered downside capture of close to 50% since inception, meaning the portfolio has experienced on average half of the loss of the benchmark during market declines.

Focused and Low-turnover Portfolio

The fund invests in a portfolio of no more than 20 – 40 companies. These companies are chosen from a universe of close to 2,100. This results in a high conviction portfolio ensuring that the investment team’s best ideas aren’t diluted by less compelling ones. The average holding period of each company is five to seven years. This means that each company is deeply researched prior and post inclusion in the portfolio, resulting in avoidance of unnecessary and excessive trading.

Quality Global Stocks

WCM’s focus on quality global stocks with expanding economic moats leads it towards high growth sectors such as technology, healthcare and consumer. For Australian investors this provides significant diversification benefits, as these sectors represent a relatively small proportion of the local market. WCMQ has a relatively low exposure to banks and basic resources, the two heavyweight sectors in the ASX.

Traded on the ASX

WCMQ is an exchange-traded managed fund, which means it can be easily bought and sold on the ASX just like any ordinary shares. Investors will have the convenience of CHESS/HIN statements.

The Manager

Founded in 1976, WCM Investment Management, LLC is a California-based specialist active global and emerging markets asset management firm.
The firm is majority employee owned and manages in excess of A$139.2 billion (as at 31 March 2024) of assets on behalf of institutional and retail investors around the world including Australia.

Key investment professionals include:

Paul Black

CEO & Portfolio Manager

Sanjay Ayer

Portfolio Manager

Michael Trigg

Portfolio Manager & President

Jon Tringale

Portfolio Manager

How To Invest

WCM Quality Global Growth trades on the ASX under the ticker code ‘WCMQ’, so you can invest via your stock broker in the same way you would purchase any ordinary shares.

With a Full Service Broker
With a Full Service Broker

If you don’t have an existing Full Service Stockbroker relationship, visit the ASX website.

With an Online Broker
With an Online Broker

Purchase shares directly through your online broker with the ticker code WCMQ.

Through Your Financial Adviser
Through Your Financial Adviser

Contact your financial adviser to invest.

Not Sure?
Not Sure?

If you have any questions, please contact us on
1300 052 054 or email invest@associateglobal.com.

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