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For wholesale investors looking for country diversification and exposure to foreign currency assets

FUND HIGHLIGHTS*

Unit Price

$1.1200

1 Year Return

+16.33%

Total return since inception in 2015

+12.00%

Outperformance since inception

-4.94%

 

* as at 30/06/2017

About the Fund

✓ Invests in a selection of undervalued, profitable and growing Microcaps listed in predominantly advanced economies around the world. At the time of initial investment, companies are generally below a market capitalisation of US$300 million or equivalent in the company’s local currency.

✓ Monthly liquidity; no gearing or derivatives (cash & long equities only).

✓ Microequities’ management owns over 10% of total FUM across all investment funds.

✓ For wholesale and sophisticated investors only as defined by the Corporations Act 2001

 

Minimum Investment

$100,000

Applications and Redemptions

Monthly

Recommended Investment Term

5 Years

Distributions

Yearly

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FUND PERFORMANCE VS THE MSCI WORLD MICROCAP INDEX (AUD)*

 1 month3 month6 month1 yearInception**
Global Value Microcap Fund-1.20%+2.85%+1.34%+16.33%+12.00%
MSCI World Microcap Index (AUD)-1.04%+4.33%+6.48%+20.97%+16.94%
Outperformance-0.16%-1.48%-5.14%-4.64%-4.94%

(*) Data as at 30/11/2016.  (**) Fund inception on 1 December, 2015
Year returns are calculated as compound per annum. Returns are calculated after all fees and expenses and reinvestment of distributions. Please note that past performance is not indicative of future performance.

Investment Approach

 

High growth in the first world

The fund invest in fast growing businesses within the first world (eg North America, Western Europe, Singapore, New Zealand, etc)

Business model well understood by Microequities

Companies in our Global Value Fund typically operate business models that Microequities has previously invested in.

 

Highly undervalued companies

Businesses purchased in the Global Value Fund are purchased at large discounts to their intrinsic value.

Unhedged currency assets

The Global Fund does not hedge its currency assets and provides investors foreign currency assets ownership.

 

Some of the factors that may be looked at when considering an investment by the fund are:

  • Companies that operate business models
  • Companies generally should be at least 2 years or longer EBITDA profitable
  • High cash flow generating businesses
  • Companies with high earnings visibility and disclosure
  • Companies with a predictable future earnings stream
  • Companies in a growing sector
  • Companies that have a growth catalyst division, product or service
  • Companies with a highly competitive advantage or brand name

Key Benefits of the Fund

  • Highly experienced investment management team with superb track record in Microcaps
  • Exposure to non AUD currency assets
  • Access to undervalued, international Microcap Investment opportunities vetted by the Microequities investment management team
  • Manager strongly aligned to investors with co-investment by the management team of Microequities
  • In-house research expertise and capability
  • Value investing philosophy with strong regards for risk management
  • Bottom-up investment research based experience
  • Performance based incentive for the manager
  • Investments generally held for longer than 12 months thus delivering CGT benefits to unit holder