100% Pure exposure to Australian listed Microcaps
FUND HIGHLIGHTS*
1 Year Return
+58.04%
Unit Price
$1.5476
Total Return since inception in October 2017
+64.02%
Compound pa since inception in October 2017
+13.47%
Recommended Investment Term
5+ Years
Fund Status
OPEN
* as at 31/08/2021
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 $60m 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
$200,000
Applications and Redemptions
Monthly
Recommended Investment Term
5+ Years
In Specie Distributions
Annually
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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 15-40 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
- 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