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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%

     
    Research ratings

    Zenith: Approved

    Lonsec: Investment Grade

    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).

  • Lonsec: The rating issued 10/2024 is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2024 Lonsec. All rights reserved.

    Zenith: If you are a financial adviser and would like a copy of the Zenith report, please contact us. The Zenith Investment Partners (ABN 27 103 132 672, AFSL 226872) (‘Zenith’) rating (APIR Code: PPL5308AU, assigned February 2024) referred to in this piece is limited to ‘General Advice’ (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines.

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

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    Insignia Financial Ltd ABN 49 100 103 722.

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