Australian Small Companies Select Fund (managed fund)
- Australian shares
Invest in a high-quality portfolio of Australian small-cap companies
SMLL aims to outperform the S&P/ASX Small Ordinaries Accumulation Index over the medium to long term (after fees and expenses) by investing in a portfolio of high quality, profitable small companies.
SMLL’s portfolio is constructed using various screens aiming to identify companies with positive earnings and a strong ability to service debt. Relative valuation metrics, price momentum and liquidity are also evaluated as part of the stock selection process. The Fund does not aim to track an index.
Benefits of SMLL
Smart small-cap strategy
SMLL provides access to a tailored portfolio of small-cap Australian companies, removing those companies which may be a drag on long term performance.
SMLL offers diversified exposure to the smaller end of the sharemarket, and therefore specifically excludes larger stocks to which many investors are already exposed.
Management fee is significantly lower than most actively managed funds that invest in small cap Australian companies.
There are risks associated with an investment in SMLL, including investment objective risk, market risk and small companies risk. Investment value can go up and down. An investment in the Fund should only be considered as a part of a broader portfolio, taking into account your particular circumstances, including your tolerance for risk. For more information on risks and other features of the Fund, please see the Product Disclosure Statement and Target Market Determination, both available on this website.
How to invest
- You can buy or sell units just like you’d buy or sell any share on the ASX.
- Fund requires no minimum investment.
|% Change (prev day)|
* Data is delayed by at least 20 minutes.
** As at 29 March 2023 04:04 PM
* As at 30 November 2023
|Net assets* ($A)||$77,168,098|
|Units outstanding* (#)||23,214,434|
|Management fee and cost** (p.a.)||0.39%|
|Distribution reinvestment plan (DRP)||Full or partial participation available|
|Registry||Link Market Services|
* As at 30 November 2023* As of close of previous day
**Certain additional costs apply, including a fee of 15.5% of outperformance above a benchmark.
|Bloomberg code||SMLL AU|
|iNAV IRESS code||SMLL.AX|
|Market makers||Susquehanna Pacific|
|Bloomberg index ticker||N/A|
Holdings & allocation
* As of 31 October 2023
Fund returns after fees (%)
|Fund||S&P/ASX Accum. Small Cap Index|
|3 year p.a.||1.63%||0.52%|
|5 year p.a.||4.62%||2.55%|
|10 year p.a.||-||-|
|Since inception (p.a.)||4.69%||3.79%|
* As at 31 October 2023.
Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
|12 mth distribution yield*||4.2%|
|12 mth gross distribution yield*||5.6%|
*As at 31 October 2023. Yield is calculated by summing the prior 12-month per unit distributions divided by the closing NAV per unit at the end of the relevant period. Yield will vary and may be lower at time of investment. Franking level is total franking level over the last 12 months. Past performance is not indicative of future performance.
|Ex Date||Record Date||Payment Date||Distribution Unit ($)||Annual Distribution Return (%) (1)|
1 This is the annual distribution return to the end of the relevant distribution date. The distribution return reflects the contribution to total investment return made by the Fund's distributions. Distribution return is calculated as the total return less the growth return. Total return is calculated as the percentage change in a continuing investor's interest in the Fund assuming reinvestment of all distributions back into the Fund (and no other application or withdrawal), net of ongoing fees. Growth return is the Fund's return excluding distributions, net of ongoing fees. Past performance is not indicative of future performance.
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