The Fund

Our Growth Equities Fund will typically hold 20-35 ASX listed companies. Approximately 75% of these from the ASX Top 200.

The Strategy

We use a bottom up, fundamental research approach to find the most undervalued companies exposed to positive structural themes.

The fund has 25% in small caps as this is where market inefficiencies are highest, and the most undervalued and under-appreciated companies can be found.

Through relentless research and active portfolio management we seek to ensure the fund’s investors are always exposed to the best opportunities in the market.

Performance Table

PerformanceJuneQuarter1 Year3 Yrs p.a.5 Yrs p.a.12 Yrs p.a.Inception
Endeavor Growth0.5%-2.6%13.6%6.1%9.7%12.7%333%
All Ordinaries Accum0.7%-1.2%12.5%6.1%7.6%10.1%203%
Outperformance-0.2%-1.4%1.1%-0.0%2.1%2.6%130.4%

Performance Chart

Monthly Reports

Our Investment Process

The fund is the culmination of a research-intensive process aimed at identifying sustainable businesses with strong management, a positive thematic, strong growth prospects, and a compelling investment case.

Our research-intensive process is aimed at identifying great investment ideas. We have a ‘boots on the ground’ approach focusing on company meetings, visiting assets and industry contacts. Our conviction is valuation dependent, and we focus on buying at a discount to net present value of discounted cash flows.

Our philosophy is to focus on business quality, growth prospects and management ability. We look to genuinely understand these fundamentals to gain all-important conviction.

The portfolios are diversified and constructed to optimise risk-reward. Stock weightings are based on conviction, risk-reward, and valuation. We avoid over-exposure to a particular stock, sector, thematic or risk.

What kind of businesses do we like?

Our philosophy is to focus on business quality, growth prospects and management ability. We look for:

  • A clear and resilient competitive advantage
  • Strong organic growth potential
  • A supportive thematic
  • Capable and aligned management
  • Compelling valuation

How do we select which stocks to buy?

Stock picking is governed by our extensive research and analysis of the fundamentals.

We identify stocks for investments based on:

  • Our long-term experience with companies and management teams.
  • A proprietary fundamentals-focused quant screen that is run right across the ASX.
  • Learnings emanating from company meetings, industry contacts and from clients.

  • A network of sell-side and buy-side equity analysts.