Lincoln Australian Growth Fund

Invest in the numbers for growth

For long-term capital growth

Introducing the Lincoln Australian Growth Fund

with Tim Lincoln, Co-Founder and
Chief Investment Officer
Video duration: 1m 35s

Aiming for strong, long term capital growth.

Investing for strong, long term capital growth requires a strategy that invests in stocks that are fundamentally healthy, that can ride out short term volatility and deliver strong capital appreciation over the long-term. We do this by investing in the numbers – applying our quantitative methodology to construct a portfolio of liquid Stock Doctor Star Growth Stocks. These are among the most financially healthy, high quality growth stocks on the ASX that deliver strong long-term capital returns – a great outcome for investors and SMSFs.

Current strategic insights

Tim Lincoln

By Tim Lincoln Managing Director and Chief Investment Officer
As of 20 December 2024

Please note an important strategic update for the Lincoln Australian Growth Fund.

In August 2023, the Fund team decided to significantly reduce portfolio volatility by introducing hedging instruments to the portfolio. The decision was predicated on our view that rampant inflation and the ensuing rate hiking cycle would create a negative environment for the economy and earnings growth. Our concerns for the global economy were further exacerbated by the deteriorating geopolitical situation in East Europe and the Middle East. Our position was intended to be tactical and ultimately be unwound when conditions become more conducive for corporate earnings growth.

And over twelve months on, Australian equity has experienced on aggregate a period of earnings decline but what we didn’t expect was that investors would basically ignore the present environment and push past all-time highs. But with that said, we do believe that inflation pressures globally appeared better contained which will provide a better landscape for the Reserve Bank to begin the much-anticipated interest rate cutting cycle. With a more conducive environment for earnings growth around the corner, the Fund team believes that the economy is in better balance and will avoid a significant downturn.

With downside risks fading and a very strong desire to get back to managing a fully invested stock portfolio, the Fund team have actively been reducing its hedging instruments throughout the quarter. This effectively means now that the portfolio is no longer market neutral, and unit prices will now better reflect market returns in the months ahead. And pleasingly, since the team made this decision, the unit prices have experienced a solid move higher and is outperforming its benchmark over this period.

Whilst we acknowledge that share prices appear extended relative to current underlying earnings, investors are ultimately prepared to look past some of these signals and as an investment team we must accept these conditions and get back to managing our portfolio on a bottom-up, fundamental quantitative approach. This means fully divesting of the hedge over the ensuring weeks and months.

For more information, please contact our Fund Team at 1300 676 333

 

Performance over time

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(a) 11/01/2005 and 01/06/2007 are the inception dates of the Wholesale and Retail funds respectively.
(b) Total Fund return is inclusive of income paid and payable to the Fund to unit holders, in addition to the difference in exit prices for the relevant periods net of management fees, ongoing fees and expenses, and assume distributions are reinvested and that no tax is deducted. Performance quoted is historical actual performance. Investments go up and down. Past performance is not a reliable indicator of future performance.
(c) ASX All Ordinaries Accumulation and S&P/ASX Small Ordinaries Accumulation indexes are sourced from Standard and Poor’s.

Active investing, open communication

  • May be suitable for investors and SMSFs seeking strong long-term capital growth
  • Exposure to high-quality growth stocks
  • Actively managed using our proprietary quantitative methodology
  • Your funds held securely in trust
  • Competitive management fees
  • 24/7 online account access
  • Regular investor events and correspondence
  • Direct access to the investment research team
  • Dedicated investor liaison
“I have found the Lincoln Australian Growth Fund to be an excellent investment vehicle.”
John Richards, Stock Doctor member since 2009# and Lincoln Managed Funds investor since 2014#

Solid growth with peace of mind

All Lincoln Indicators Managed Funds are carefully structured to offer investors peace of mind regarding the security of their investments. While the value of investments can fluctuate, we focus on investing in financially stable companies with a low risk of failure. Additionally, we ensure that all client investments are held in a segregated trust with our trusted custodian, J.P. Morgan Chase Bank. As a further safeguard, we are regulated by the Australian Securities and Investments Commission (ASIC), and we adhere to stringent regulatory requirements that clearly define our operations and limitations.

Key information

Investment Type Wholesale Retail
Minimum suggested timeframe 5 years 5 years
Minimum initial investment $250,000 $5,000
Minimum additional investment $5,000 $1,000
Management fee (p.a) 0.76% 1.40%
Performance fee (p.a.) 20% of outperformance of the benchmark 20% of outperformance of the benchmark
Entry/exit fee Nil Nil
Minimum withdrawal $1,000 $1,000
Minimum balance $250,000 $5,000
Minimum savings plan contribution (optional) $250 per month $250 per month
Buy/sell spread 0.25% / 0.25% 0.25% / 0.25%
Distribution frequency 6 monthly 6 monthly
Commencement date January 2005 June 2007

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FAQs

Here are some of our most frequently asked questions.
Am I locked into my investment?

No, the Growth Fund has no minimum investment timeframe and you will not be penalised if you decide to redeem your funds within a short period of time. But we suggest a minimum of 5-years to allow an adequate timeframe for the Fund to deliver on its long-term objectives.

How is the performance fee calculated?

The performance fee is 20% of the amount by which the Fund’s performance exceeds the All Ordinaries Accumulation Index. A high-water mark ensures investors do not pay fees until periods of underperformance are fully recouped.

Are there any up-front or exit fees?

No, our Growth Fund have no up-front or exit fees. This does not take into account buy-sell spreads, which represent the estimated transaction costs incurred when buying or selling underlying assets in relation to investment options. The difference between the investment option buy prices and the sell prices is the total buy-sell spread for that option.

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Equity Trustees Limited (“Equity Trustees”) (ABN 46 004 031 298), AFSL 240975, is the Responsible Entity for the Lincoln Australian Growth Fund, Lincoln Australian Income Fund, Lincoln U.S. Growth Funds (“the Fund”). Equity Trustees is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT).

This website has been prepared by Lincoln Indicators to provide you with general information only. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any particular person. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. Neither Lincoln Indicators, Equity Trustees nor any of its related parties, their employees or directors, provide any warranty of accuracy or reliability in relation to such information or accepts any liability to any person who relies on it. Past performance should not be taken as an indicator of future performance. You should obtain a copy of the Product Disclosure Statement before making a decision about whether to invest in this product.

Lincoln’s Fund’s Target Market Determination is available here. A Target Market Determination is a document which is required to be made available from 5 October 2021. It describes who this financial product is likely to be appropriate for (i.e. the target market), and any conditions around how the product can be distributed to investors. It also describes the events or circumstances where the Target Market Determination for this financial product may need to be reviewed.

Copyright © 2025 Lincoln Indicators Pty Ltd. All rights reserved.

All financial services are provided by Lincoln Indicators Pty Ltd ABN 23 006 715 573 (Lincoln) as the Corporate Authorised Representative of Lincoln Financial Group Pty Ltd ABN 70 609 751 966, AFSL 483167.

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