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About Sylvastate
KEY FEATURES OF SYLVASTATE
Sylvastate's Investments
Sylvastate holds a concentrated portfolio of listed Australian
industrial shares, with a significant emphasis given to
stocks whose realistically achievable level of future earnings
are considered to offer the potential for stronger rates
of investment return relative to current prices. The portfolio
contains around 30 holdings.
Investment Objective
The Sylvastate
portfolio seeks to provide a rate of investment return
which exceeds the All Industrials Accumulation Index.
Professional Management
Through their investment in Sylvastate
shareholders obtain exposure to a professionally managed
portfolio of listed Australian securities. Sylvastate's
investment management personnel have a depth of experience.
They adopt a structured and disciplined process of research,
analysis and portfolio construction.
Diversification of Risk
Sylvastate's portfolio is spread
across approximately 30 listed securities. The Investment
Manager holds sufficient diversity of securities to ensure
that Sylvastate's
exposure to any one security or industry sector is not excessive
in relation to Sylvastate's
total portfolio.
Dividend Policy
Sylvastate's dividend policy is to
pay dividends that are approximately similar to its net operating
profit after tax but excluding realised capital gains.
In this way shareholders are able to benefit from the receipt
of a growing and secure stream of income through the fully
franked dividends paid by the company. Dividends are currently
paid each half year.
Cost-Efficient Management Expenses
Sylvastate's ongoing
Management Expense Ratio (including all costs of operation)
is approximately 0.35% per annum of the average value
of gross assets.
Long Track Record
Sylvastate was founded in 1924 and
has a long track record of investment performance. Details
on investment outcomes are shown under the Performance section.
Regular Reporting
Sylvastate reports its net asset backing
to the ASX monthly, and reports to Shareholders quarterly.
Corporate Governance - More
info...
Sylvastate has a majority of independent
directors on its Board, an important facet of corporate
governance. Senior investment management personnel are
also shareholders in the company, providing a strong alignment
of interest between shareholders and key staff.
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