Auscap Long Short Australian Equities Fund Outline
Auscap Asset Management is focused on generating strong absolute returns for our investors. The key features of the Auscap Long Short Australian Equities Fund are detailed below.
The Fund is open to retail and wholesale investors.
| Fund | Auscap Long Short 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 615 542 213 |
||
| Investment Objective | The Fund aims to generate strong absolute returns in excess of the Benchmark, being the Reserve Bank of Australia Cash Rate. | ||
| Fund Holdings | 30 – 45 investments | ||
| Investment Time Horizon | 5 years+ | ||
| Management Fee | 1.5375% p.a. of the NAV of the Fund (GST inclusive net of RITC) [2] | ||
| Performance Fee | 15.375% of Outperformance over the Benchmark (GST inclusive net of RITC), subject to the High Watermark [2] | ||
| Application/Exit Fee | Nil | ||
| Commencement Date | December 2012 | ||
| Class | Series Class | Monthly Platform Class | Daily Platform Class |
| APIR Code | ASX0001AU | ASX8411AU | ASX6124AU |
| Minimum Investment | $100,000 [1] | As determined by IDPS | As determined by IDPS |
| Minimum Additional Investment | $50,000 [1] | As determined by IDPS | As determined by IDPS |
| Bid/Ask Spread | 0.2%/0.2% | 0.2%/0.2% | 0.3%/0.3% |
| Applications | Monthly | Monthly | Daily |
| Redemptions | Monthly [3] | Monthly [3] | Daily |
| Valuations | Monthly | Monthly | Daily |
| Distributions | Annually | Annually | 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 Fund.
[3] For redemptions, the Responsible Entity must be given one month’s notice.
Applications for the Fund can be made by completing the Application Form in the Product Disclosure Statement, a copy of which is available on this website or by contacting Auscap Asset Management at info@auscapam.com or on +61 2 8378 0800.
