Australian Foundation Investment Company

Australian Foundation Investment Company Limited is a publicly owned investment manager based in Melbourne, Australia, established in 1928. The company specializes in investing in the public equity markets of Australia and New Zealand, focusing primarily on value stocks across various industries. It employs fundamental analysis and conducts in-house research, utilizing a bottom-up approach to select investments. The company aims to provide shareholders with attractive investment returns through a consistent stream of fully franked dividends and capital growth over the medium to long term. Its performance is benchmarked against the S&P/ASX 200 Accumulation Index, with a commitment to ensuring that dividends grow faster than inflation over time.