Quality and value investing for long-term returns
QV Equities (QVE) is a listed investment company, established in August 2014. It seeks to provide investors with a consistent, sustainable, income stream while also aiming for capital growth over time. QVE invests in companies listed on the Australian Stock Exchange (ASX), outside the S&P/ASX 20 Index.
The QVE portfolio is managed by IML, a multi-award winning, experienced investment company with a track record of successfully managing Australian equities since 1998.
Why focus on the ASX ex-20 segment?
The top 20 stocks on the ASX tend to be the most widely held and researched companies in Australia. IML believes the ex-20 segment offers greater opportunities for above market returns because the listed companies outside the top 20:
- are typically less researched by brokers
- can generate above average long-term earnings growth
- can pay sustainable, regular dividends that can grow over time
In addition to the above, investing in the ex 20 sector offers diversification benefits for investors who are invested in the top 20.
What should you expect when you invest with QVE?
Consistent income, growing over time1 – QVE aims to pay a fully franked dividend, which gives Australian investors additional income through tax offsets or refunds. QVE shareholders received a gross yield of 7.9%2 for financial year 2023, including franking credits.
Portfolio diversification – as QVE invests outside the ASX Top 20, it provides diversification benefits for investors who already invest in the largest Australian companies.
Past performance is not a reliable indicator of future performance.
1 Refers to income. More about QVE’s dividends.
2 Calculated on the closing share price on 30 June, 2023
Investment Manager
IML is a quality and value style Australian equities fund manager with a single-minded focus on achieving attractive long-term returns for clients, with lower volatility than the market.
IML uses deep fundamental research to uncover high-quality companies trading at reasonable valuations and has followed this same investment philosophy ever since it was founded, by Anton Tagliaferro in 1998.
IML is a ‘true-to-label’ value manager, with a strong focus on quality. It has identified four clear characteristics that make quality companies stand out:
- A strong competitive advantage
- Recurring earnings
- Capable management
- The ability to grow earnings, and dividends, over time
In addition to this, it only invests in companies that it believes are reasonably priced.
Meet the Managers
The QVE portfolio is managed by Simon Conn and Marc Whittaker.
Simon is a Senior Portfolio Manager at IML, and one of the founding members of IML’s Investment Team. He has co-managed the QVE portfolio since inception in 2014.
Marc joined IML in 2016 and is a small and mid-cap specialist portfolio manager and equity analyst.
Simon and Marc are supported by the fundamental research and analysis of the 11-strong IML investment team of portfolio managers and analysts.
Board of directors
Corporate governance
Keep up to date with the latest news and portfolio insights from QV Equities.
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