For wholesale investors looking for regular cash income
About the Fund
✓ Invests in a hand picked concentrated portfolio of undervalued ASX listed Microcaps with proven business models that can fund and sustain high long term dividend payments.
✓ 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
Investment
$50,000
Applications &
Redemptions
Monthly
Recommended
Investment Term
5+ Years
Cash Distributions
Monthly
Cash Distributions History
| Date of Distribution | Cash Distribution | Franking Credit |
|---|---|---|
| July 2019 | 3.82 cents per unit | 1.65 cents per unit |
| Jan 2019 | 2.65 cents per unit | 1.36 cents per unit |
| July 2018 | 3.20 cents per unit | 1.47 cents per unit |
| Jan 2018 | 2.78 cents per unit | 1.28 cents per unit |
| July 2017 | 3.57 cents per unit | 1.23 cents per unit |
| Jan 2017 | 3.23 cents per unit | 1.10 cents per unit |
| July 2016 | 4.82 cents per unit | 1.04 cents per unit |
| Jan 2016 | 3.27 cents per unit | 1.32 cents per unit |
| July 2015 | 5.18 cents per unit | 1.31 cents per unit |
| Jan 2015 | 3.79 cents per unit | 1.66 cents per unit |
| July 2014 | 3.56 cents per unit | 1.32 cents per unit |
| Jan 2014 | 2.56 cents per unit | 1.45 cents per unit |
| July 2013 | 5.49 cents per unit | 1.30 cents per unit |
| Jan 2013 | 4.17 cents per unit | 2.19 cents per unit |
| July 2012 | 2.97 cents per unit | 1.3 cents per unit |
Date of Distribution, Cash Distribution and Franking Credit as follows;
| Date of Distribution | Cash Distribution | Franking Credit |
|---|---|---|
| July 2019 | 3.82 cents per unit | 1.65 cents per unit |
| Jan 2019 | 2.65 cents per unit | 1.36 cents per unit |
| July 2018 | 3.20 cents per unit | 1.47 cents per unit |
| Jan 2018 | 2.78 cents per unit | 1.28 cents per unit |
| July 2017 | 3.57 cents per unit | 1.23 cents per unit |
| Jan 2017 | 3.23 cents per unit | 1.10 cents per unit |
| July 2016 | 4.82 cents per unit | 1.04 cents per unit |
| Jan 2016 | 3.27 cents per unit | 1.32 cents per unit |
| July 2015 | 5.18 cents per unit | 1.31 cents per unit |
| Jan 2015 | 3.79 cents per unit | 1.66 cents per unit |
| July 2014 | 3.56 cents per unit | 1.32 cents per unit |
| Jan 2014 | 2.56 cents per unit | 1.45 cents per unit |
| July 2013 | 5.49 cents per unit | 1.30 cents per unit |
| Jan 2013 | 4.17 cents per unit | 2.19 cents per unit |
| July 2012 | 2.97 cents per unit | 1.3 cents per unit |
Request an
Info Pack
Interested in investing with us?
Request an Infopack to receive a comprehensive Information Memorandum of each fund.
FUND PERFORMANCE*
(*) Data as at 31/01/2020. (**) Fund inception on 1 March, 2012. (***) Subject to change pending distribution calculation at 30 June 2019’.
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.
Latest Fund Updates
- January 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
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 investment team, independent of market noise and views.
Concentrated long-only portfolio
Portfolio of 15-25 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 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
- Early access to potential high growth companies
- Manager specialised in the Microcap asset class 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