Australian Foundation Investment Company (AFIC)

Founded in 1928, Australian Foundation Investment Company Limited (AFIC) is a publicly listed investment company on the Australian Securities Exchange (ASX: AFI). The company's primary business is managing a large and diversified portfolio of Australian companies with a long-term, value-oriented investment philosophy. AFIC's mission is to provide shareholders with attractive investment returns through capital growth and a steadily increasing stream of fully franked dividends. It is known for its low management expense ratio, as it is an internally managed fund, distinguishing it from many other managed funds.