Ozgrowth Limited
About this Fund
Fund Detail
PDS | |
FUND MANAGER | Westoz Funds Management |
ASX Code | OZG* |
APIR | |
ASSET CLASS | LISTED INVESTMENT COMPANY |
INVESTMENT STYLE | OZG holds a portfolio of small cap ASX listed and unlisted investments. |
INVESTMENT PROFILE | OZG aims to generate a positive return over the medium to long-term and provide shareholders with a consistent stream of dividends. |
CURRENCY MANAGEMENT | Unhedged |
INCEPTION DATE | |
BENCHMARK | N/A |
FUND SIZE | N/A |
DISTRIBUTION FREQUENCY | Half-yearly |
NO. OF HOLDINGS | 10-25 |
FEES | 1.00% p.a. |
STRUCTURE |
Benefits
Benefits | Ozgrowth's investment philosophy is based on the premise that financial markets and individual securities can and do deviate away from fair value. By detailed analysis of a range of valuation parameters, a portfolio of listed and unlisted securities can be assembled to generate an acceptable level of return over the medium to long term. Ozgrowth believes that an investment focus with a longer term horizon can generate significant benefits due to an ability to hold securities that are not actively traded. This allows for a greater focus on listed companies with market capitalisations below $50 million, those listed securities that are not actively researched by broking houses, and unlisted securities. A medium to long-term investment horizon is required and large non-investment driven cash flows can adversely impact long term performance. Hence, a listed investment company structure is the most appropriate form of the investment vehicle. |
RISK LEVEL | |
INVESTOR SUITABILITY |
Risks
Title | |
Detail |
Key Features
About the FundOzgrowth Limited (ASX:OZG) is a listed investment company based in Perth and established in 2008. The Company's objective is to generate a positive return over the medium to long-term, regardless of the movements of the broader share market, from an actively managed portfolio of small cap ASX listed and unlisted investments, and provide shareholders with a consistent stream of dividends. Stocks selected within the portfolio will typically have a connection to Western Australia whether it be through their assets, operations and/or management. |
Mandate
How we invest your moneyOzgrowth has appointed the Manager to undertake the management of its investment portfolio in a manner consistent with its Investment Philosophy. Ozgrowth will mainly invest in listed securities. From time to time, a portion of the Portfolio may be held in short term cash deposits. Due to the geographic location of the Manager, it is anticipated that the majority of investments will have a connection to Western Australia. Derivatives may be used where considered appropriate. The Manager will use a variety of sources to generate investment ideas. A range of parameters are used to assess value, but a key input to the analysis is the expected growth potential of the company. After completing the necessary analysis, a set of stock recommendations will be presented to the Manager's Investment Committee. The Investment Committee will review the recommendations and put them in the context of the overall equity environment. It will then review the Company's current Portfolio in light of the information presented to it and adjust holdings in the Portfolio to ensure the targeted performance is achieved. The Investment Committee can also use a variety of instruments to achieve its performance objectives. Where they are allowed, short positions may be held where a compelling reason exists. Derivatives may also be used to generate additional income in the Portfolio or to protect the Portfolio from market downturns. Permitted investmentsSubject to the conditions of the Australian Financial Services licence held by the Manager, the Manager may invest in the following types of investments:
Risk controlsPerformance of the Portfolio will be generated from investment in suitable stocks. However, diversification of holdings will be used to limit the risk where the actual performance of individual stocks does not meet expectations. Risk control features of the Portfolio will include:
Any breach of these risk control measures will be reported to the Company by the Manager and the Company will determine the appropriate action to remedy the breach. |