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.
| 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 |
| APIR Code | ASX0001AU | ASX8411AU | ASX6124AU |
| 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 info@auscapam.com or on +61 2 8378 0800.
