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Discovery
Founders' Fund
All our best ideas in one fund.
The Discovery Founders’ Fund is a concentrated portfolio of our best ideas. The objective is to deliver superior investment returns over the long term. The key to achieving this objective is the Discovery Process.
Key Features
| Manager | Discovery Funds Management Limited |
| Fund Type | Wholesale (unregistered) unit trust |
| Strategy | Long only concentrated portfolio of companies listed on the ASX/NZX |
| Stock Holdings | Target 20 holdings |
| Stock limit | 10% at cost |
| Cash holding | Generally, no more than 20% |
| Applications | Minimum $250,000 (unless otherwise agreed) |
| Benchmark | S&P/ASX Small Ordinaries Accumulation Index (NZD) |
| Management Fee | 1.2% per annum (excluding GST) on the net asset value of the fund |
| Performance Fee | 20% (excluding GST) of the total return of the fund in excess of the Benchmark during a six month performance period and provided any underperformance has been recovered (high water mark) |
| Distributions | The Fund does not intend to make regular distributions |
| Unit Pricing | Daily in NZD |
| Withdrawals | 10 Business Days |
| Auditor for the Fund | PricewaterhouseCoopers |
| Lawyer | Chapman Tripp |
| Trustee | Public Trust |
| Custody, Registry and Fund Admin | Adminis |
By clicking accept below, you confirm that you understand that the Discovery Founders’ Fund is a Wholesale Offer as defined in the Financial Markets Conduct Act 2013. This means that it is not open to retail investors.
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