Auscap Ex-20 Australian Equities Fund
The Auscap Ex-20 Australian Equities Fund (Ex-20 Fund) is an Australian unit trust, managed by Auscap Asset Management Limited (Investment Manager and Responsible Entity). The Ex-20 Fund’s objective is to seek to outperform its benchmark, being the S&P/ASX300 ex S&P/ASX20 Index (Benchmark) over the suggested minimum investment time for 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 may be suitable for investors seeking long term capital growth, with some income via distributions and franking credits, through investment in Australian equities.
The Ex-20 Fund launched on 1 December 2023.
Please read the Ex-20 Fund’s Product Disclosure Statement (PDS), Additional Information Guide (AIG), and Target Market Determination to assess if the Ex-20 Fund is suitable for you.
| Fund | Auscap Ex-20 Australian Equities Fund |
|---|---|
| Fund Type | Australian registered managed investment scheme |
| Investment Manager & Responsible Entity |
Auscap Asset Management Limited ACN 158 929 143 AFSL 428014 ARSN 671 901 821 |
| APIR | ASX6179AU |
| Investment Objective | The 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 | $10,000 [1] |
| 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 | Daily [3] |
| Redemptions | Daily [4] |
| Valuations | Daily |
| Distributions | Annually |
| Platform Availability | Netwealth (Note: This Fund is currently being onboarded with other platforms. Please contact distribution@auscapam.com for more information) |
[1] Auscap Asset Management reserves the right to accept lower amounts at its discretion.
[2] A performance fee of 15% p.a. (including GST net of RITC) of Outperformance is payable to Auscap by the Fund. Outperformance is calculated as the amount by which the NAV per unit of the relevant class plus any relevant distributions at the end of the relevant performance period exceeds the Relative High Water Mark adjusted by the Benchmark Return. The Relative High Water Mark means, until a performance fee in respect of the class is payable, the issue price of the relevant class; and otherwise, the most recent NAV per unit plus any relevant distributions at the end of the relevant performance period for any performance period in respect of which a performance fee was payable for the relevant class. The Benchmark Return is the performance of the S&P/ASX 300 Ex S&P/ASX 20 Index since the Relative High Water Mark date expressed as a percentage. Please refer to the PDS for more information.
[3] Valid applications for units, together with cleared funds, received by the Administrator before 2.00pm on any business day, meaning a day (other than a Saturday, Sunday, public holiday or bank holiday) on which banks are open for general banking business in Sydney (Business Day), will normally be issued at the application price for that Business Day. Valid applications for units received by the Administrator after 2.00pm on any Business Day or on a non-Business Day will normally be issued at the application price calculated for the next Business Day.
[4] There is no minimum withdrawal amount, however there is a minimum holding amount of $10,000. Valid withdrawal requests received by the Administrator before 2.00pm on any Business Day will be processed using the withdrawal price next calculated for that Business Day. Valid withdrawal requests received by the Administrator after 2.00pm on any Business Day or on a non-Business Day will be processed at the withdrawal price calculated for the next Business Day.
