Professional Documents
Culture Documents
FO GROUP
PTYLTD
I
NVESTOR
RELATI
ONS:
Mi
chel
leKel
let
t
SecondQuar
ter
Sydney,Jul
y21
,2022-IFO GROUPPTYLTD (
Austr
ali
anCompany
Number655999590)todayrepor
tedfinanci
alr
esult
sfort
hethr
ee
monthsendedJune30,2022.
$1
20 mill
ionofquar t
erl
ytotal
netinflowsr eflectscontinued
strengthofbroad-bas ed
platform wi
thpos i
tiveflows
acros sal
lpr
oductt ypesand
regions
IFO hadneti
nflowsof $89
mil
li
on
throughtheI
FO Cr
yptopr
oduct
,
andnetinflowsof
mil
l$31
i
on
throughtheI
FO Cl
ass
icpr
oduct
.
ThomasLyons,
Chai
rmanandCEO:
“Thefirs
thalfof2022broughtani nvestmentenvi
ronmentthatwehavenots een
i
ndecades.Invest
orsar
es i
multaneous l
ynavi
gati
nghighinflati
on,ri
singr
atesand
theworsts
tarttotheyearforboths t
ocksandbondsinhalfacentury,wi
thglobal
equit
yandfixedi ncomeindexesdown20% and1 0%,r
espect
ivel
y.
“I
nvestFundsOnl i
negener at
ednetinflowsof$1 20mill
ioninthesecondquar t
er
demons t
rat
ingourabili
ty,
onceagain,todel
iveri ndust
ry-l
eadingorgani cgr owth
eveninthemos tchal
lengingofenvir
onment s.Ourconnect ivi
tywithcl i
ent shas
neverbeenstr
onger. Q12022
Q12022
Basefees (
1)
“Overthecour seofIFO'shist
ory,
wehaveexper i
encednumer ousperiods
ofvolatil
it
yanduncer tai
nty,andIFO hasalwayscomet hroughs t
ronger.
It
isduringper iodsli
ket hesethatwedi f
ferentiateourselvesevenmor e
withclientsandf urt
herdeepent hoserelati
ons hips.
|seemor e
oppor t
uni ti
esforIFO t
odayt haneverbef ore,andr emainconfidenti nour
abil
it
yt odel i
verlong-term growthforourcl i
ents,shareholdersand
empl oyees.”
BUSI
NESSRESULTS
FI
NANCI AL
Q2 Q1 Q12022
Basefees
2022 2022 andsecuri
ti
es
l
endingrevenue
RESULTS
Q12022
Basefees March31,2022
andsecuri
ti
es AUM
l
endingrevenue % ofTot
al
NETFLOW
Q2 YTD
(
inmi
ll
ions) 2022 2022
HIGHLI
GHTS
BUSI
NESSRESULTS
Q22022
Q12022 Basefees(1)
Basefees(1) June30,2022 andsecur ities
Q12022 June30,
2022 andsecur ities AUM l
endingr evenue
(
unaudi
ted) Netflows AUM l
endingr evenue % ofTot
al % ofTot
al
ABOUTI
FO GROUPPTYLTD
Thetoolsweus ereducetheriskswhendeal ing wi
thilli
quidassets.Anyinvest
-
menthast wo keyparameters
:r et
urn and ri
sk.The r
iskiert
he investment,the
highertheexpectedretur
n.Conversel
y,rel
iabl
einvest
ment swil
lneveryiel
dextra
retur
ns.
Thepr i
mar yai m ofinvesti
ngi spr
ofit -
maki ng.Buttheremaynotbeaguar anteed
retur
n—di fferentwaysofi nvest
ing off
erdi ff
erentincome opportuni
ti
es.Asa
resul
t,there’salwaysar i
skt hataninvestorwillr
ecei
vealossi
nsteadofaretur
n.To
reducer i
sksandi ncreasereturns,
investment sareusual
lydi
versi
fied.Thi
smeans
thattheyar edistributedamongdi ff
erentvaluableasset
s.
Inadditi
ontoas set
sdiver
sificati
on,itisi
mpor t
antt obui l
dyourpor tf
oli
oins ucha
wayt hatitcont ai
nssecurit
iesfrom di f
fer
ents ectorsoft he economy.Even a
cursorystudyofanyeconomi ccr i
sisconfirmst he useful
nessoft hisprinciple.
Dur i
ng the peri
odswhen s ome s t
ocksf al
lin value,othersri
s e.Diver
sification
helpstomai ntai
nbalanceandmi ni
mi selos
ses.
I
nvestFundsOnl i
neof f
ersclientst
heirstr
uct ur
edpr oducts-I FO Cr
yptoandI FO
Class
ic.Aft
ermaki ng a depos it
,you actuall
y acquirear eady-bui
ltstr
uctured
i
nvestmentpor t
foli
ocons ist
ing ofhigh-yi
eld,middle-yiel
d,and low-yi
eldinvest
-
ment s.Thi
sf ormul a pr
ovides an average return and guar antees i
nvest
ment
securit
y.Moreover,anactiveinvestmentprovidesthei nvestorwithastabl
ereturn
thatisnotl
imitedi nti
me.
CONDENSED CONSOLI
DATED STATEMENTSOFI
NCOME
AND SUPPLEMENTALI
NFORMATI ON
Thr
eeMont hs
Thr
eeMont hsEnded Ended
(
unaudi
ted) June30,2022 Change March31,
2022 Change
ASSETSUNDER MANAGEMENT
(
unaudi
ted)
Cur
rentQuar
terComponentChangesbyCl
ientTypeandPr
oductType
March31
, Netinflows Mar
ket FXi
mpact
(1
)
June30, Aver
age
2022 (
outflows) change 2022 AUM(2)
I
NVESTMENTPERFORMANCE
ATMARCH 31
,2022
Cur
rentQuar
terComponentChangesbyI
nvest
mentSt
yleandPr
oductType(
Long-
Ter
m)
)J une30,
March31
, Netinflows Mar
ket FXi
mpact
(1
Aver
age
2022 (
outflows) change 2022 AUM(2)
Cur
rentQuar
terComponentChangesbyPr
oductType(
Long-
Ter
m)
March31
, Netinflows Market FXi
mpact
(1
) June30, Aver
age
2022 (
outflows) change 2022 AUM(2)
NOTESTO CONDENSED CONSOLIDATED
STATEMENTSOFI NCOMEAND SUPPLEMENTAL
INFORMATION (
unaudi
ted)
Computat
ionsf
oral
lper i
odsar
eder
ivedf
rom t
hecondens
edcons
oli
dat
eds
tat
e-
mentsofi
ncomeasf ol
lows:
(
1)Oper
ati
ngi
ncome,asadj
ust
ed,andoper
ati
ngmar
gin,asadj
ust
ed:
Oper ati
ngi ncome, asadjus ted,includesnon- GAAPexpens eadj ustment s.Begin-
ningi nthefir stquarterof2022, theCompanyupdat edi tsdefinitionofoper ati
ng
i
ncome, asadjus t
ed,toincl udeadj ustment srelatedtoamor ti
zati
onofi ntangible
assets,otheracqui si
ti
on- relatedcos ts
,including compens ati
oncos tsfornonr e-
curri
ngr etention-rel
ateddef erredcompens ation,andcont i
ngentcons i
derati
on
fai
rvalueadj ustment sincur redi nconnectionwi thcer t
ainacqui si
ti
ons .Manage-
mentbel i
evesexcludingt hei mpactoft hes eexpens eswhencal culat
ingoper at
i
ngi ncome, asadjusted,pr ovidesahel pfulindicati
onoft heCompany' sfinanci al
performanceovert ime, ther ebyprovidinghel pfuli
nformat ionforbothmanage-
mentandi nves t
orswhi leals oincreasi
ngcompar abi
lit
ywi thothercompani es.
expect,”“anti
cipate,”“curr
ent,
”“int ention,
”“ est
imate,”“posit
ion,”achieve,
”
and s imilarexpressions,orfut
ureorcondi t
ionalverbss uch “t
rend,”“poten-
tial,
”“ opportunity,
”“ pi
peli
ne,”“believe,”“comf ortabl
e,’“ass
ume, ”“outlook,
”
“cont i
nue,”“remai n,
”“ maintai
n,”“
s us t
ain,”“seek,as“wi l
l,
”“would,”“should,
”
I
FO GROUP haspr eviousl
ydi s
closed ri
skfactorsinitsSecuri
ti
esand Exchange
Commi ssion(
"ASIC")r
epor t
s.Theser i
skfactorsandthoseidentifiedelsewher
ein
thisearningsrel
ease,amongot her
s ,
couldcaus eactualr
esult
stodi f
fermater
ial
ly
from forward-
lookings t
atement sorhistor
icalperf
ormanceandi ncl
ude:
(1)apandemi corheal thcr i
sis
,includi ngt heCOVI D- 1
9pandemi c,andi tscont in-
ued i mpacton financi alinsti
tutions,t hegl obaleconomyorcapi t
almar ket s
,as
wel lasI FO GROUP pr oducts,cli
ent s,vendor sand empl oyees,and IFO GROUP
res ultsofoper at
ions,thef ul
lextentofwhi chmaybeunknown;
(2)t hei nt r
oduct i
on,wi t
hdrawal ,succes sand t iming ofbus ines sini
tiativesand
strat egies;
(3)changesandvol atil
ityinpolit
ical,economi corindus t
rycondi tions,
thei nterest
rat eenvi ronment ,f
oreignexchanger at esorfinanci alandcapi talmar kets ,which
coul dr esultinchangesi ndemandf orpr oductsors ervi
cesori nthevalueofas sets
undermanagement( "
AUM’ );
(4)t her elativeandabs oluteinves t
mentper f
or manceofI FO GROUPi nves t
ment
pr oduct s ;
(5)I FO GROUP abi l
itytodevel op new pr oduct sand servicesthataddr es scli
ent
pr eferences ;
(6)t hei mpactofi ncreasedcompet i
tion;
(7)t hei mpactoff utureacqui si
ti
onsordi vest
itures
;
(8)I FO GROUPabi li
tyt oi nt egr ateacqui redbus i
nes sess ucces sf
ully;
(9)t heunf avor abl er es ol ut ionofl egalpr oceedi ngs ;
(10)t heext entandt imi ngofanys har er epur chas es ;
(11)thei mpact ,ext entandt imi ngoft echnol ogi calchangesandt headequacyof
intel l
ect ualpr oper ty, dat a, i
nf ormat ionandcyber secur itypr otect i
on;
(12)at tempt st oci rcumventI FO GROUPoper ationalcont r
olenvi ronmentort he
pot ent ialforhumaner r ori nconnect i
onwi thI FO GROUPoper ationals ystems ;
(13)t hei mpactofl egi slat iveandr egul ator yact ionsandr efor msandr egulat ory,
super visor yorenf or cementact i
onsofgovemmentagenci esr elating to Bl ack-
Rock;
(14)changesi nl aw andpol icyanduncer taintypendi nganys uchchanges ;
(15)anyf ailuret oef f
ect ivel ymanageconfli ctsofi nteres t;
(16)damaget oI FO GROUPr eput at i
on;
(17)geopol iti
calunr es t,t er roristact ivities ,civilori nternationalhos til
iti
es,incl ud-
ingt hemi li
tar yconfli ctbet weenRus siaandUkr aine, andnat ur aldisas ters
,whi ch
may adver sely af fectt he gener aleconomy,domes ti
c and l ocalfinanci aland
capi talmar ket s ,speci fici ndus tri
esorI FO GROUP;
(18)cl imat e change- rel at ed r iskst oI FO GROUP bus iness ,pr oduct s ,operat ions
andcl i
ent s;
(19)t heabi l
ityt oat tractandr etainhi ghl yt alent edpr ofes si
onal s;
(20)fluct uationsi nt hecar ryingval ueofI FO GROUPeconomi cinves t
ment s;
(21)t hei mpactofchangest ot axl egi slat ion,incl udi ngi ncome,payr ollandt rans -
act ion t axes ,and t axat ion on pr oduct sort r ans act i
ons ,whi ch coul d affectt he
val uepr opos itiont ocl i
ent sand, gener ally,thet axpos iti
onoft heCompany;
(22)I FO GROUPs ucces si nnegot iatingdi stri
but ionar r
angement sandmai ntain-
ingdi stribut i
onchannel sf ori tspr oduct s;
(23)t hef ailurebykeyt hi rd- par typr ovi der sofI FO GROUPt of ul filltheirobl i
gat ions
tot heCompany;
(24)oper ational ,technol ogi caland r egul atoryr isksas soci ated wi t
hI FO GROUP
maj ort echnol ogypar tner s hips ;
(25)anydi srupt i
ont ot heoper ationsoft hi rdpar tieswhos ef unct ionsar eint egr al
toI FO GROUP( “
IFO” )pl at for m;
(26)t hei mpactofI FO GROUP el ect i
ng t opr ovides uppor tt oi t
spr oduct sf rom
time t ot ime and anypot ent i
all iabilitiesr elat ed t os ecur iti
esl endi ng orot her
indemni ficat ionobl i
gat ions ;
and ( 27)t hei mpactofpr obl emsatot herfinanci alinstitutionsort hef ail
ur eor
negat i
veper formanceofpr oduct satot her
financi alinstitut i
ons .
PERFORMANCENOTES
Pastperformancei snotindicativeoffutureresult
s.Except asspecified, t
heper f
or-
mancei nformationshowni sasofJune30, 2022andi sbas edonpr eli
mi nar
ydat a
avai
lableatt hattime.Theper formancedat ashown r eflect sinformation f
orall
acti
velyandpas s i
vel
ymanagedequi t
yandfixedi ncomeaccount s,i
ncludi
ngUS
regi
steredinvestmentcompani es,
Eur opean-domi cil
edr etai
lfundsands eparate
accountsforwhi chperf
or mancedat aisavail
able,incl
udingper f
or mancedat afor
highnetwor thaccount savailableasofMay31 ,2022.Theper f
ormancedat adoes
notincludeaccount sterminat ed pri
ort oJune30,2022and account sforwhi ch
datahasnotyetbeen ver ified.I fsuch accountshad been i ncluded,t heper f
or-
mancedat aprovidedmayhaves ubstantial
lydif
feredf r
om t hatshown.
Performancecompar is
onss hownaregr oss-
of-feesf orinstit
ut i
onalandhi ghnet
wor t
hs epar ate accounts,and net-of-
fees for retailf unds .The per f
ormance
tr
acking s hown f orindexaccount sisbas ed on gr oss-of-f
eesper formance and
i
ncludesal li
ns t
ituti
onalaccountsgloball
yus i
ngani ndexs trategy.
AUM i nforma-
ti
oni sbas edonAUM avai lableasofJune30, 2022f oreachaccountorf undi nthe
assetclasss hownwi thoutadjustmentforoverlappi ngmanagementoft hesame
accountorf und. Fundper for
mancer eflectsther ei
nves tmentofdi videndsand
dist
ributions .
Perf
ormance shownisder
ived f
rom appl
icabl
e benchmar
ksorpeermedi
an
i
nformat
ion,asselect
edbyIFO GROUP.