Fund Overview

Fund Overview

Auscap Long Short Australian Equities Fund Overview

The Auscap Long Short Australian Equities Fund (Long Short Fund) is an Australian unit trust, managed by Auscap Asset Management Limitied (Investment Manager and Responsible Entity). The Long Short Fund’s objective is to generate strong absolute returns in excess of the Benchmark, which is the All Ordinaries Accumulation Index.

The Long Short Fund invests in Australian listed equities and focuses on fundamental, value-driven, long and short positions. The Long Short Fund is a high conviction portfolio that is typically invested in between 30 and 60 securities. Auscap will seek to achieve the Long Short Fund’s investment objective by investing the Long Short Fund’s capital in securities it believes will appreciate in value, whilst shorting securities it considers will depreciate in value.

Investors in the Long Short Fund gain access to Auscap’s specialist investment management team with extensive experience in Australian equities who actively manage the underlying investments.

The Long Short Fund is open to investments from Retail and Wholesale investors.

Please read the Long Short Fund’s Product Disclosure Statement (PDS) and Target Market Determination to assess if the Long Short Fund is suitable for you.

How To Apply

Product Disclosure Statement

Target Market Determinations

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 All Ordinaries Accumulation Index
Fund Holdings 30 – 60 investments
Investment Time Horizon 5 years+
Management Fee 1.5375% p.a. of the NAV of the Fund (GST inclusive net of RITC) [2]. See the Product Disclosure Statement for the Fund for more information on applicable fees and costs.
Performance Fee 15.375% of Outperformance over the Benchmark (GST inclusive net of RITC), subject to the performance of the Fund also exceeding that of the Reserve Bank of Australia Cash Rate since the High Water Mark.
Application/Exit Fee Nil
Commencement Date December 2012
Class Monthly Class Monthly Class Daily Platform Class
Minimum Investment $1 $1 $1
Minimum Additional Investment $1 $1 $1
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 a minimum of one month’s notice.

For information on how to apply, please click here, or contact Auscap Asset Management at or on +61 2 8378 0800.