Northward Capital Australian Equity Strategy

Performance figures to December 2016

1.The benchmark for the Investment Strategy is the S&P/ASX 300 Accumulation Index. Prior to 1 Aug 2009 the benchmark was the S&P/ASX 300 Accumulation Index ex LPTs,

however the fund has been managed consistently both before and after this date. 2. Inception date for the Composite is May 2004. 3. Investors should be aware that past

performance is not a reliable indicator of future performance.  4. Northward Australian Equity composite figures are presented pre-tax and pre-fees.


The Northward Capital Australian Equity Strategy aims to provide long-term growth from an

actively managed portfolio of Australian shares


We manage a high conviction portfolio of 20 to 30 stocks according to our "Quality At a Reasonable

Price (QuARP)" style. In simple terms, this prioritises businessess that we believe will generate attractive Return on

Equity, sustainable and growing cashflows and possess Balance Sheet strength. Unsurprisingly, we want to acquire

these businesses at attractive prices. Fortunately, market dynamics often provide this opportunity.



For Wholesale and Institutional enquiries please contact:

Institutional investors                                     

Darren Thompson

Phone: +61 2 8088 4488     

Mobile: +61 (0) 404 206 183