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Antares Capital

Fund information

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Antares Ex-20 Australian Equities Fund

Fund description:  The Fund is an actively managed, concentrated portfolio of Australian equities outside the largest 20 Australian listed companies by market capitalisation (as defined by the S&P/ASX 20 Total return Index) that Antares identifies as having the potential to offer significant long-term capital growth. The Fund may also invest in equities expected to be listed on the Australian share market.

Investment approach: The Fund is a concentrated portfolio of Antares’ highest conviction investment ideas and is relatively unconstrained by the Benchmark’s industry or company weights.  

Antares follows a bottom-up investment process, with investment decisions made by undertaking in-depth proprietary research and analysis of individual companies and securities.

In general, Antares aims to invest in companies where the current share price does not fully reflect its view of the potential value of the company’s business. Through company contact and detailed financial and non-financial analysis, Antares’ research analysts gain a first-hand understanding of Australian businesses and the industries in which they operate.

Antares may invest up to 10% of the Fund in companies listed outside of the S&P/ASX 200 Total Return Index. This may include investments in equities expected to be listed on the Australian share market.

Listed companies held by the Fund may sometimes move into the S&P/ASX 20 Total Return Index and when this happens, they will be removed from the Fund, generally within 12 months.

  • Fund objective To outperform the Benchmark (after management fee) over rolling five-year periods.
    APIR code PPL5308AU
    Inception date 1 October 2019
    Benchmark S&P/ASX 200 Total Return Index excluding the companies listed on the S&P/ASX 20 Total Return Index1
    Minimum suggested timeframe
    		 5 years
    Management fee 0.85% p.a. of the Fund’s net asset value (inclusive of GST net of Reduced Input Tax Credits)
    Performance fee 15% of the difference between the Fund’s quarterly return (after deducting the management fee and assuming the reinvestment of distributions) and the Benchmark’s quarterly return multiplied by the Fund’s average net asset value over the quarter.
    Minimum initial investment $20,000
    Minimum additional investment $5,000
    Risk level Very high: While the Fund offers investors the potential for higher returns over the long term compared to funds investing in other types of assets such as fixed income or cash, the high level of volatility in the Fund means the likelihood of the value of your investment going down over the short term is relatively very high.
    Distribution frequency Semi-annually
    Indicative asset allocation ranges

    Australian equities: 90-100%

    Cash and cash equivalents: 0-10%

     

    1 The Benchmark is constructed by calculating the total return after removing the companies contained in the S&P/ASX 20 Total Return Index from the companies listed in the S&P/ASX 200 Total Return Index.

    The above is just a snapshot of the Fund's terms and features. Further terms and conditions are set out in the Fund's PDS.

    0.35% pa of the Fund’s net asset value (including GST, net of Reduced Input Tax Credits).

    0.35% pa of the Fund’s net asset value (including GST, net of Reduced Input Tax Credits).

How to invest

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Direct investors

Speak to your financial adviser for more information or invest directly through the Product Disclosure Statement (PDS) available under Resources

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Advisers

Speak to your Business Development Manager for more information on available platforms.

    National Australia Bank Limited ABN 12 004 044 937, AFSL 230686.

    MLC Limited uses the MLC brand under licence. MLC Limited is a part of the Nippon Life Insurance Group and not part of the NAB Group of Companies.