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
Benchmark | S&P/ASX Mid Cap 50 Accumulation Index |
APIR code or ticker code | EVO4741AU |
Investment Objective | The 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 date | March 2020 |
Management Fee | 0.60% 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 Fee | 15% (excluding GST) of the total return of the Fund (after deduction of Management Fees and expenses) that is in excess of the return of the Benchmark during a relevant performance period (or part period where relevant), and provided any underperformance from previous periods has been recovered. No Performance Fee is payable for any period in which the total return of the Fund is less than the Benchmark return or the total return of the Fund is negative. |
Lonsec Rating | Investment Grade (July 2020) (Disclaimer) |
Responsible Entity / Administrator | Evolution Trustees / Mainstream |
Years managing the asset class | 17 |
Assets managed in the sector | $1.6bn |
Portfolio Managers | Will Culbert (Lead Portfolio Manager) Tom Millner |
Size of Investment Team | 8 |
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 limit | No hard limits |
Expected turnover | Low |
Cash range | 10% (soft limit) |
Stocks in universe | 250 |
Other restrictions | No 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.
Performance
Performance to 31 January 2021 | 1 Month | 3 Months | 6 Months | 1 Year | Since Inception # |
Contact Australian Ex-50 Fund | 0.8% | 5.4% | 9.0% | - | 24.3% |
S&P/ASX Midcap 50 Accumulation Index | -1.1% | 9.0% | 19.1% | - | 54.7% |
Relative Performance | 1.9% | -3.5% | -10.1% | - | -30.5% |
Performance is reported net of all fees and assumes reinvestment of distributions. Past performance is not a reliable indicator of future returns. # Inception date is 17 March 2020. Performance figures may be subject to rounding.
Monthly Reports
Quarterly Letters
Contact Australian Ex-50 Fund Quarterly Letter (June 2020) |
Research Reports and Ratings
July 2020 | LONSEC - Investment Grade (Disclaimer) |
Platform Availability
HUB24
NETWEALTH
Investor Forms
Invest now in the Contact Australian Ex-50 Fund
Read the Product Disclosure Statement (PDS)
Complete the Online Application Form
Send Application Form to Mainstream Fund Services
Contact Australian Ex-50 Fund c/- Mainstream Fund Services GPO Box 4968 Sydney, NSW, 2001 |