Value Income Fund

For retail investors looking for regular cash income

ABOUT THE FUND FUND INFORMATION INVEST IN VALUE INCOME FUND FUND UPDATES

FUND HIGHLIGHTS*

Unit Price

$ 1.2323

Total return since inception**

+28.66%

Recommended Investment Term

5+ Years

Fund Status

OPEN

APPLY ONLINE NOW

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VALUE OF $100,000 INVESTED AT INCEPTION**

Product Disclosure Statement

Interested in investing with us?

Click on the image to download the PDS

to learn about how the Value Income Fund works.

ABOUT THE FUND KEY BENEFITS INVESTMENT APPROACH

ABOUT THE FUND

✓ The Fund aims to protect capital, provide a sustainable income stream to investors and attain long term capital growth.

✓ 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.

✓ Microequities’ management, staff and directors have over $30m co-invested across all funds, providing strong alignment with clients.

✓ The Fund is a registered managed investment scheme that is an unlisted Australian unit trust governed by a constitution together with Corporations Act 2001 (Corporations Act) and other laws.

KEY BENEFITS

✓ Seeks to provide regular (semi-annual) cash distributions
✓ Portfolio structured with the objective of providing long term capital growth and regular cash income
✓ Higher long term growth profile than large cap funds
✓ Investment manager with extensive experience in the microcap sector
✓ Value investing philosophy
✓ In-house research expertise and capability
✓ Bottom-up investment research based experience
✓ Early access to potential high growth companies
✓ Performance based incentive for the Investment manager
✓ Microequities is a co-investor in the Fund
✓ Distributions may carry imputation tax credits; and
✓ Investments are generally held for longer than 12 months thus delivering mostly discounted capital gains to unitholders

INVESTMENT APPROACH

Value driven approach
Investee companies must be highly undervalued, profitable and meet 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 20 - 40 companies with a 5+ year 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 have at least 2 years of operating 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

HOW TO INVEST

The minimum initial investment is $20,000.

In order to apply online, you must read the "Product Disclosure Statement (PDS)" together with the "Additional Information to the PDS".

APPLY ONLINE NOW

CALL TO DISCUSS

Call 02 9009 2900.

FUND INFORMATION

$20,000

Minimum Investment

Daily

APPLICATIONS & REDEMPTIONS

5+ Years

RECOMMENDED INVESTMENT TERM

Twice A Year

CASH DISTRIBUTIONS

CASH DISTRIBUTIONS HISTORY

Date of Distribution	Cash Distribution	Franking Credit
July 2019	3.15 cents per unit	0.94 cents per unit
Jan 2020	1.85 cents per unit	1 cent per unit
July 2020	0.15 cents per unit	0.69 cents per unit

FUND PERFORMANCE*

	1yr	6 Mth	1 Mth	Total return since inception**
Value Income Fund	+1.48%	+24.23%	+2.21%	+28.66%

Value Income Fund
1yr	+1.48%
6 Mth	+24.23%
1 Mth	+2.21%
Total return since inception**	+28.66%

(*) Returns Data as at 31/12/2020. (**) Fund inception on 1 Feb, 2019. 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.

FUND INFORMATION*

FUND HOLDINGS:	Portfolio of 20 - 40 companies with a 5+ years investment horizon
RECOMMENDED INVESTMENT TIMEFRAME:	5+ YEARS
DISTRIBUTION FREQUENCY:	Cash Distribution Twice A Year
BENCHMARK:	S&P/ASX Emerging Companies Accumulation Index
THE INVESTMENT MANAGER:	Microequities Asset Management Pty Ltd
RESPONSIBLE ENTITY:	The Trust Company (RE Services) Limited
UNIT REGISTRY AND ADMINISTRATOR:	Mainstream Fund Services Pty Ltd

VALUE INCOME FUND APPLICATION DOCUMENTS

Download and fill out the following two forms to apply for the Value Income Fund

Application Form

ID Form

VALUE INCOME FUND RELATED DOCUMENTS

Product Disclosure Statement (PDS)

Value Income Fund Annual Report - 30 June 2019

Additional Information To The PDS

Additional Investment Form