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

BenchmarkS&P/ASX Mid Cap 50 Accumulation Index
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 Fee15% (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 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 Team8
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 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.

Investor Handbook

Performance

Performance across different periods1 Month3 Months6 Months1 YearSince Inception #
Contact Australian Ex-50 Fund2.5%5.7%--18.0%
S&P/ASX Midcap 50 Accumulation Index6.3%13.0%--38.0%
Relative Performance-3.8%-7.3%---20%

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.

Monthly Reports

Contact Australian Ex-50 Fund Monthly Report (August 2020)
Contact Australian Ex-50 Fund Monthly Report (July 2020)
Contact Australian Ex-50 Fund Monthly Report (June 2020)
Contact Australian Ex-50 Fund Monthly Report (May 2020)
Contact Australian Ex-50 Fund Monthly Report (April 2020)
Contact Australian Ex-50 Fund Monthly Report (March 2020)

Quarterly Letters

Contact Australian Ex-50 Fund Quarterly Letter (June 2020)

Research Reports and Ratings

July 2020LONSEC - Investment Grade (Disclaimer)

Platform Availability

HUB24

Prices and Distribution

Unitholders Login
Download Distribution History

DAILY UNIT PRICING

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
Reference Guide
Application Form
Additional Investment Form
Change of Details Form
Withdrawal Form