Auscap Ex-20 Australian Equities Fund
The Auscap Ex-20 Australian Equities Fund (Ex-20 Fund) is a registered managed investment scheme which is managed by Auscap Asset Management Limited. The Ex-20 Fund’s objective is to seek to outperform its benchmark, being the S&P/ASX300 ex S&P/ASX20 Index, over the suggested minimum investment time of 5 years.
The Ex-20 Fund provides exposure to an actively managed portfolio made up of a broad range of listed Australian equities. The Ex-20 Fund’s portfolio comprises between 40 to 60 securities purchased primarily from the S&P/ASX 300 Index (excluding securities in the S&P/ASX 20 Index).
Investors in the Ex-20 Fund gain access to Auscap’s specialist investment management team with extensive experience in Australian equities who actively manage the underlying investments. The Ex-20 Fund launched on 1 December 2023.
The Ex-20 Fund may be suitable for investors seeking long term capital growth, with some income via distributions and franking credits, through investment in Australian equities.
Please read the Ex-20 Fund’s Product Disclosure Statement, Additional Information Guide, and Target Market Determination to assess if the Ex-20 Fund is suitable for you.
| Auscap Ex-20 Australian Equities Fund | |
|---|---|
| Fund Type | Australian registered managed investment scheme (ARSN 671 901 821) |
| Investment Manager & Responsible Entity |
Auscap Asset Management Limited ACN 158 929 143 AFSL 428014 |
| APIR | ASX6179AU |
| Investment Objective | The Ex-20 Fund aims to generate returns in excess of the Benchmark, after fees, over the suggested minimum investment time of 5 years. |
| Fund Holdings | 40 – 60 securities |
| Investment Time Horizon | 5 years+ |
| Minimum Investment | $10,0001 |
| Minimum Additional Investment | No minimum |
| Commencement Date | December 2023 |
| Management Fee | 0.95% p.a. of the Fund’s NAV (including GST net of RITC) |
| Performance Fee | 15% of Outperformance, calculated and accrued daily, and paid monthly in arrears.2 |
| Bid/Ask Spread | 0.25%/0.25% |
| Application/Exit Fee | Not applicable |
| Applications | Daily3 |
| Redemptions | Daily3 |
| Valuations | Daily |
| Distributions | Annually |
[1] Auscap Asset Management reserves the right to accept lower amounts at its discretion.
[2] Capitalised terms have the meaning given to them in the Product Disclosure Statement for the Ex-20 Fund.
[3] See the Product Disclosure Statement for the Ex-20 Fund for applicable cut-off times.
