Strategy

• Auscap Ex-20 Australian Equities Fund
• Auscap High Conviction Australian Equities Fund

Auscap is committed to building a leading funds management business defined by outperformance, disciplined risk management, a strong culture and integrity.

The firm seeks attractive total return opportunities through patient, long-term investing and is dedicated to delivering positive returns for investors by consistently applying its quality-first, value-focused investment philosophy.

Quality first means investing in businesses that demonstrate:

• Durable competitive advantages that deliver superior economic outcomes and higher returns on capital
• Strong reinvestment opportunities at high incremental rates of return, driving sustainable earnings growth
• Straightforward business models that consistently generate reliable cash flow
• Aligned, often founder-led, management teams that respect and reward shareholders
• Robust balance sheets supported by prudent capital structures

Value focused means:

• Rigorously assessing a company’s fundamentals to determine its intrinsic worth
• Maintaining patience and discipline to invest only at or below fair value
• Allocating more capital to the highest-conviction opportunities