Greencape Broadcap Fund

Overview

The Greencape Broadcap Fund is designed for investors looking for a diversified portfolio of large, mid and small capitalisation Australians shares. The Fund can invest in between 25 and 70 stocks, and while the Fund is managed to an index, Greencape applies a 'best ideas mentality'. This means that significant positions may be taken irrespective of the size of the company.

Interests in the Greencape Broadcap Fund are offered by Fidante Partners Limited ABN 94 002 835 592 AFSL 234 668 (Fidante Partners). Fidante Partners has appointed Greencape Capital Pty Ltd as the investment manager of the Fund.

Fund objective

The Fund aims to outperform the S&P/ASX 300 Accumulation Index over rolling three-year periods.

Investment approach

Greencape's research is grounded in fundamental analysis, with its efforts focused heavily on an intensive visitation program encompassing all participants in a given supply chain (suppliers, customers, competitors, regulators, company officials, offshore competitors). Piecing together information from various sources allows Greencape to develop proprietary insights and ultimately arrive at better informed and high conviction investment decisions. Greencape's investment process involves assessing stocks against set criteria which are then ranked by the Greencape investors. This analysis ultimately condenses down to a single stock recommendation ranking.

Update of information

Update to the buy and sell spreads 1 October 2014

Fidante Partners has reviewed the buy and sell spreads applicable to all Funds in light of recent sustained market movements of transaction costs. We have seen a consistent change in the level of transaction costs incurred across a number of the asset classes and have decided to change the buy and sell spreads applicable to the Fund from +0.30%/-0.30% to +0.20%/-0.20%.  These changes are effective from 1 October 2014.

Buy and sell spreads are determined and applied in the same manner as disclosed in the Fund's Product Disclosure Statement.

Awards

Greencape was awarded the Money Management Rising Star Fund Manager of the Year in 2007 and 2008, and the S&P Emerging Manager of the Year award in 2008. It was also a Morningstar Fund Manager of the Year (Domestic Equities Australia) finalist in 2010 and Money Management Lonsec Fund Manager of the Year Australian Equities (Broadcap) finalist in 2011.