For wholesale investors looking for long term capital growth
FUND HIGHLIGHTS*
Unit Price
$4.7354
1 Year Return
+17.31%
Total Return since inception in 2009
+726.82%
Compound pa since inception in 2009
+19.25%
Recommended Investment Term
5+ Years
Fund Status
OPEN
* as at 28/02/2021
About the Fund
✓ Invests in a concentrated portfolio of 15-40 hand picked highly undervalued and profitable ASX listed Smallcaps and Microcaps. ✓ Monthly liquidity; no gearing or derivatives (cash & long equities only). ✓ Microequities’ management, staff and directors have over $30m co-invested across all funds providing strong alignment with clients. ✓ For wholesale and sophisticated investors only as defined by the Corporations Act 2001.
Minimum
$100,000
Applications &
Redemptions
Monthly
Recommended
Investment Term
5+ Years
In Specie Distributions
Annually
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fund performance*
(*) Data as at 28/02/2021. (**) Fund inception on 6 March, 2009. Year returns are calculated as compound per annum. Returns and value are calculated after all fees and expenses and reinvestment of distributions. Please note that past performance is not indicative of future performance.
Latest Fund Updates
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
Historical Data
Investment Approach
Value driven approach Investee companies must be highly undervalued, profitable and meet a very demanding investment criteria. In-house investment research All research done “in-house” by our specialist Microcap and Smallcap investment team, independent of market noise and views. Concentrated long-only portfolio Portfolio of 15-40 companies with a 5 years + investment horizon. Some of the factors that may be looked at when considering an investment by the fund are:
- Companies with a well-established business model
- Companies generally should be at least 2 years or longer EBITDA profitable
- Companies with low manageable debt or no debt are preferred
- 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
- Companies with a stable management and track record for delivering value to shareholders
- Companies where management has a significant stake
- Companies with a reputable board of directors
Key Benefits of the Fund
- Early access to potential high growth companies
- Manager specialised in the Microcap and Smallcap asset classes for over 10 years
- Manager with solid track record of succesful investments
- In-house research expertise and capability
- Value investing philosophy
- Bottom-up investment research based experience
- Performance based incentive for the Manager
- Distributions may carry imputation tax credits
- Stocks generally held for longer than 12 months thus delivering CGT benefits to Unit holder