Daily Platform Class

Daily Platform Class

Daily Platform Class Outline

Auscap Asset Management is focused on generating strong absolute returns for our investors. The key features of the Daily Platform Class are detailed below.

Class Daily Platform Class
APIR Code ASX6124AU
Fees
– Management fee 1.5% of FUM (exclusive of GST)
– Performance fee 15% of outperformance over RBA Cash Rate (exclusive of GST) [3]
– Bid/ask spread 0.3%/0.3%
Application Through Platforms & IDPS
Minimum Initial Investment As determined by IDPS
Minimum Additional Investment As determined by IDPS
Minimum Redemption Amount As determined by IDPS
Valuation Daily
Liquidity Daily
Redemption notice period Nil
Cut-off for applications 2pm, last business day of month
Cut-off for redemptions 2pm, last business day of month
Distribution Annually, following financial year end
Benchmark RBA cash rate
High watermark Yes, no reset
Series consolidation Non-series based
Research
Platforms

[1] Auscap Asset Management reserves the right to accept lower amounts at its discretion.

[2] For redemptions, the Responsible Entity must be given one month’s notice.

[3] Performance Fee is calculated as 15% of the total gross return less expenses and management fees in excess of the Reserve Bank of Australia Cash Rate over the performance period, payable semi-annually for the Series Class and monthly for the Platform Class. The Performance Fee is subject to a high water mark with respect to previous performance.

Applications for the Auscap Fund can be made by the application form in the Product Disclosure Statement, a copy of which is available on this website or by contacting Auscap at info@auscapam.com or on +61 2 8378 0800.