The Ellerston Global Mid Small Cap Fund invests in between 20 and 40 Securities with a global mid-small cap bias. These securities are much larger than you think. The Fund, if represented as one stock, would be in the top 50 on the ASX with average market cap close to US$8bn. They are typically global leaders in their markets with stronger growth than most businesses.

• Offers diversification from traditional global equity products, by accessing companies with a mid-small cap bias that are unlikely to be found in most global equity portfolios.
• Provides investors access to global investment opportunities with compelling risk/reward profiles that are complementary to a typical domestic equity portfolio.
• Is run by an experienced Portfolio Manager who has over 22 years of financial industry experience.
• Stock selection is subject to compliance with the ethical screens described in the attached.

The strategy adopts a disciplined bottom-up stock selection process, based on rigorous fundamental analysis which is overlaid with a top-down assessment of macroeconomic conditions and the market outlook.