Naos Small Companies Fund
FUND FEATURES
Investment Universe
Stocks outside S&P/ASX 100 Index
Investment Objective
Provide positive investment returns in excess of the Benchmark Index (UBS Bank Bill Index).
Investment Strategy
Long and Short investment positions. The aim of the Fund is to average 50% net long over an investment cycle
Gross Market Exposure Limits
250% of the net asset value of the Fund
Exposure Limits to Individual Securities
The greater of +/- 10% of the Fund's net asset value
Date of deed establishing the Fund
11 November 2004
Fund Size (as at 31/10/09)
$16.48m
Minimum Suggested Timeframe
3 years +
Potential Volatility
Medium
Management Fee
1.5375% p.a. of the net asset value of the Fund
Application/Redemption Fees
Nill
Buy/Sell Spread
+/- 1%
Unit Pricing
Daily
Distribution
Semi-annually
Minimum Investment
$25,000
Minimum Balance
$25,000
Minimum Additional Investment
$10,000
Minimum Redemption
$10,000
Performance Fee
20.5% (Inclusive of the net effect of GST) of the excess return above the Benchmark Index (UBS Bank Bill Index). Underperformance is required to be made up in subsequent periods before a performance fee is earned.
Ongoing Fee Measure (OGFM)1
Capped at 1.5375% (Inclusive of the net effect of GST)
FEES
Contribution Fees
0%
PLUS Management Costs*
3.1775% pa
EQUALS Cost of Fund
3.1775% pa
Additional costs may apply. Please refer to the section entitled 'Transaction costs and Buy/Sell Spread' under the heading 'Additional explanation of fees and costs'.
For an Application Form Please Download the Product Disclosure Statement Below.
This PDS must be read in conjunction with Supplementary PDS. Applications will only be accepted using the Application Form in the Supplementary PDS.