Contact Australian Ex-50 Fund

Description

The Contact Australian Ex-50 Fund balances growth and income to provide access to a concentrated portfolio of quality Australian companies that sit outside the S&P/ASX 50 Index. This strategy seeks to find long term investments in tomorrow’s leaders. Derivatives, short selling and gearing will not be used. The strategy applies Contact’s long term focused investment philosophy.

Objective

The Fund seeks to achieve strong relative returns in excess of the benchmark, through a concentrated portfolio of high quality small to medium sized ASX listed companies.

Fund Information

Target ReturnTotal Return of 10.0%pa (net of fees)
APIR code or ticker code
EVO4741AU
Investment ObjectiveThe Fund’s investment objective is to seek to achieve strong relative returns in excess of the Benchmark, through a concentrated portfolio of high quality small to medium sized ASX listed companies.
Distribution Frequency Semi-annually
Inception dateMarch 2020
Management Fee0.60% per annum (excluding GST) of the net asset value of the Fund (after any current accrued Management Fees and expenses, but before any Performance Fee accrual for the relevant period).
Performance FeeNil
Lonsec RatingInvestment Grade (July 2020) (Disclaimer)
Responsible Entity / Administrator
Evolution Trustees / Mainstream
Years managing the asset class17
Assets managed in the sector$1.6bn
Portfolio ManagersWill Culbert (Lead Portfolio Manager)
Tom Millner
Size of Investment Team5
Investment style
Quality / Income
Typical capitalisation bias
Mid Cap / Small Cap
Typical stock numbers
20 – 40
Stock limit
10% in any one stock (soft limit)
Sector Limits
30% (soft limit)
Expected turnover
Low
Cash range
10% (soft limit)
Stocks in universe
250
Other restrictionsNo gearing or short selling

Why Invest?

There is greater opportunity for sector diversification in the Small and Mid Cap sectors. At the larger end of the market, the Index is heavily weighted towards financials which is largely made up of banks.

We believe a well diversified portfolio should hold a combination of large cap, mid-cap and small cap stocks as well as a blend of Value and Growth. Contact believes that small cap and mid cap companies are often at the point in their business life cycle where revenue and earnings are rising at a faster rate.

REFERENCE GUIDE

Research Reports and Ratings

July 2020LONSEC - Investment Grade (Disclaimer)


Platform Availability

HUB24
NETWEALTH
MACQUARIE WRAP PLATFORM

Prices and Distribution