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Pure Microcap Value Fund

100% Pure exposure to Australian listed Microcaps

Fund Highlights*

Total Return since inception in October 2017

+94.89%

Compound pa since inception in October 2017

+9.76%

Unit Price

$1.4727

Recommended Investment Term

5+ Years

Fund Status

OPEN

Total Return since inception in October 2017

+94.89%

Unit Price Compound pa since inception in October 2017

+9.76%

Unit Price

$1.4727

Recommended Investment Term

5+ Years

Fund Status

OPEN

Fund Performance Against Relevant Index*

Annual compound returns of the Microequities Pure Microcap Value Fund are calculated on annual compound basis after all fees with reinvestment of distributions. Annual returns of S&P/ASX Emerging Companies Accumulation Index are calculated on annual compound basis over the references period. Value added returns is a cumulative number calculated and hence cannot be compared to an annual return number, it is calculated by computing the total Pure Microcap Value Fund return over the reference period and subtracting it against the total S&P/ASX Emerging Companies Accumulation Index return over the reference period.

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About the Fund

  • Concentrated portfolio of 15-40 hand picked highly undervalued and profitable Australian listed Microcaps.
  • Monthly liquidity: no gearing or derivatives (cash & long equities only).
  • Microequities’ management, staff and directors have over $110m co-invested across all funds providing strong alignment with clients1
  • For wholesale and sophisticated investors only as defined by the Corporations Act 2001.

Minimum
$100,000

Minimum
$100,000

Minimum
$100,000

Minimum
$100,000

Investment Approach

Value driven approach Investee companies must be highly undervalued, profitable and meet a very demanding investment criteria. All research done “in-house” by our specialist Microcap  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 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

Fund Performance*

*Annual compound returns

Pure Value fund

7 Year

+9.49%

5 Year

+14.23%

3 Year

+3.94%

1 Year

+16.62%

Compound since
inception**

+9.76%

Total since
inception**

+94.89%

(*) Data as at 30/11/2024. (**) Fund inception on Oct, 2017. 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.

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Historical Data

Microequities strongly recommend that potential investors seek independent professional advice as to the risk, financial, taxation and other implications of investing. Past performance is not indicative of future performance. Microequities Asset Management Pty Ltd is a corporate authorised representative, number 462438, as appointed by Microequities Asset Management Group Limited holder of AFSL number 287526. Application for units in the Fund is limited to investors that are Wholesale or Sophisticated investors within the meaning of Section 761G(7) and 761GA(7) of the Corporations Act 2001.

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