To achieve returns (before fees and taxes) in excess of the benchmark over the medium to long term. There is no guarantee that this objective will be achieved.

Benefits of investing in the Ausbil Australian Emerging Leaders Fund

Investing in the Fund offers a range of benefits, including:

• Exposure to mid and small cap companies: access to mid and small capitalised companies that individual investors may not be able to invest in directly on their own.

• Diversification: the potential to diversify an investment portfolio.

• Experienced team: access to Ausbil's highly experienced investment management team with a proven track record.

• Expertise: access to the Australian investment expertise and knowledge of the Ausbil investment management professionals, who combine company level research with top down economic analysis resulting in a disciplined approach to portfolio construction.

• Regular reporting: direct investors can keep track of their investments through Ausbil's secure client website, www.ausbil.com.au. In addition direct investors will receive regular unitholder statements and an annual tax statement.

Risk level

Very high

Investor suitability

The Fund is designed for investors with at least a five year investment time horizon, who wish to benefit from the long- term capital gains available from share investments and who are comfortable with fluctuations in capital value in the short to medium term.

The Fund is designed for investors with at least a five year investment time horizon, who wish to benefit from the longterm capital gains available from share investments and who are comfortable with fluctuations in capital value in the short to medium term. 

About the Fund

The Fund provides exposure to an actively managed portfolio, predominantly made up of listed mid and small cap Australian equities.

Investment strategy

Ausbil's active investment process aims to exploit the inefficiencies across the mid and small cap market, at all stages of the cycle and across all market conditions, with the aim of producing consistent and risk controlled outperformance.

Key features of the strategy

• invest in 30-40 quality mid to small cap Australian companies

• process favours companies with positive earnings and earnings revision profiles

• aims to provide investors with long-term capital growth with income

How we invest your money

The Fund predominantly invests in a portfolio of listed mid and small cap Australian equities which are primarily chosen from the S&P/ASX 300 Index, but generally excludes securities from the S&P/ASX 50 Index.

Asset allocation

• Australian securities: 90%-100%

• Cash or cash like securities: 0%-10%

The Fund will generally hold between 30 and 40 listed companies. In addition, it may invest in unlisted companies which are expected to be listed on any recognised exchange.

Although the Fund's Constitution permits the use of derivatives and borrowing cash, Ausbil does not intend to use derivatives or borrow cash on behalf of the Fund.

The Fund may move outside the ranges set out above, for example where a large application is received or due to market movements. Ausbil will seek to rebalance the Fund within the ranges in a reasonable period of time.