Ox Capital Dynamic Emerging Markets Fund

The Ox Capital Dynamic Emerging Markets Fund (the Fund) is a concentrated portfolio of high quality, undervalued, well-run companies in emerging markets. The Fund typically holds 30-50 stocks that are diversified across countries, sectors and thematic exposure.

The Fund can use downside protection strategies across the market and individual stocks to help protect the portfolio from market volatility.

You should read the Fund’s Target Market Determination (TMD) and the Fund’s Product Disclosure Statement (PDS) to ensure the key attributes of the Fund as described in the TMD and PDS aligns with your objectives, financial situation and needs.

Fund Facts

Objective	The Fund aims to provide an absolute return and capital growth over the long term and outperform its benchmark after costs over rolling five year periods.
Benchmark	MSCI Emerging Markets Net Total Return Index (AUD) Unhedged
Stocks held	Typically 30-50
Minimum investment timeframe	5 years
Minimum initial investment	$10,000 or $1,000 with Regular Savings Plan
Management fee	1.00% p.a.
Performance fee	15% of the Fund’s daily return above the Benchmark¹
Distribution frequency	Annually
APIR code	HOW6479AU
Investment strategy	Derivatives may be used to reduce or gain exposure to markets and securities. The Fund may short sell securities and markets where it believes that a security or market is overvalued or for hedging purposes.

¹Daily return measured after fees, expenses, after adding back distributions paid.

Ratings disclaimer

Asset allocation

Asset class²	Minimum (%)	Maximum (%)³
Long securities	50	150
Short securities	0	50
Gross equity exposure	50	150
Net equity exposure	50	150⁴
Cash⁵	0	50

²Equity exposure is the combination of long and short equity exposure, including derivatives.
³Includes use of leverage to increase exposure of the Fund to investment markets.
⁴Typical long securities and net equity exposure will not exceed 100%
⁵These ranges represent the effective cash exposure (after the cash cover for derivatives has been taken into account)

Key Features of the Fund

Concentrated: A portfolio of 30-50 high quality, undervalued, well run companies that have the potential to generate high absolute returns over the medium to long term

Capture growth: OxCap’s investment approach is to identify the immense positive changes taking place in Asia and other key emerging markets and to find companies that can benefit from those trends.

Capital protection strategies: The Fund can use derivatives such as index futures and equity swaps to help protect the portfolio from market volatility.