Australian Small Companies Select Fund (managed fund)

OVERVIEW

About

The Fund 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.

Portfolio constructed using a series of 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
Provides a core portfolio holding for Australian small companies allocations, which provides the potential to outperform the benchmark index
Low-cost alternative to other funds focused on Australian small companies

Advantages

Performance – aims to outperform the S&P/ASX Small Ordinaries Accumulation Index
Diversification – with a single trade, investors can get exposure to a portfolio of high quality, profitable Australian small companies, providing diversification across industry sectors and individual securities
Portfolio completion – Fund provides access to a portfolio that specifically excludes stocks to which many investors are already exposed
Cost effective – Fund’s management fee significantly lower than most actively managed funds that invest in Australian small companies
Liquidity – available to trade on ASX like any share

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

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KEY FACTS

Pricing Information 24 May 2019

Current Price
Last Trade*	$3.43
% Change (prev day)	0%
Bid (delayed)	$3.04
Offer (delayed)	$3.45
iNAV (live)** iNAV stands for Indicative Net Asset Value. It is updated every 60 seconds and provides an estimate of the net asset value of the Fund during the trading day	$3.412

*Data is delayed by at least 20 minutes.

* As at 23 May 2019 04:29 PM

Download NAV history

NAV
NAV/Unit *	$3.40

* As at 22 May 2019

Profile

Net Assets* ($A)	$30,122,841
Units Outstanding* (#)	8,862,393
Mgmt Costs** (% p.a.)	0.39%
Distribution Frequency	Semi-annual
Distribution Reinvestment Plan (DRP)	Full or partial participation available
Issuer	BetaShares Capital
Fund Administrator	RBC Investor Services
Custodian	RBC Investor Services
Registry	Link Market Services
Auditor	KPMG

* As at 22 May 2019

* As of close of previous day
**Certain additional costs apply, including a fee of 15.5% of outperformance above a benchmark.

Trading Information

ASX Code	SMLL
Bloomberg Code	SMLL.AU
IRESS Code	SMLL.ASW
Trading Hours	10.00-16.00 (AEST)
iNAV IRESS Code	SMLL.AX
SMSF Eligible	Yes

Index Information

Index	N/A
Index Provider	N/A
Index Ticker	N/A
Bloomberg Index Ticker	N/A

Sector Allocation

Materials	24.1%
Consumer Discretionary	19.4%
Industrials	14.4%
Real Estate	8.3%
Communication Services	7.2%
Financials	7.0%
Healthcare	6.6%
Consumer Staples	4.1%
Utilities	3.1%
Other	5.8%

* As of 30 April 2019

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PERFORMANCE

Fund Returns After Fees (%)

	Fund	S&P/ASX Accum. Small Cap Index
1 month	3.50%	4.11%
3 months	11.08%	11.04%
6 months	11.87%	11.91%
1 year	5.27%	7.18%
3 year p.a	-	-
5 year p.a	-	-
Since inception (p.a)	9.51%	11.84%
Inception date	7-Apr-17	-

* As at 30 April 2019

Chart

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.

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DISTRIBUTIONS

Yield Information

Distribution Frequency	Semi-Annual
12 Mth Distribution Yield* (%)	4.9%
12 Mth Gross Distribution Yield* (%)	5.7%
Franking Level	40.1%

*As at 30 April 2019. Yield figures are calculated by summing the prior 12 month net and gross fund per unit distributions divided by the fund closing NAV per unit. Franking level is total franking level over the last 12 months. Past performance is not an indicator of future performance.

Recent Distributions

Ex Date	Record Date	Payment Date	Distribution Unit ($)	Annual Distribution Return (%) (1)
2-Jan-19	3-Jan-19	17-Jan-19	$0.04222	4.44%
2-Jul-18	3-Jul-18	17-Jul-18	$0.12442	5.53%

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ANNOUNCEMENTS

ASX Announcements: SMLL

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RESOURCES

	Factsheet-SMLL	Download
	Fund Flyer - SMLL	Download
	The Case for SMLL	Download
	Portfolio Holdings	Download
	Product Disclosure Statement Updates – SMLL	Download
	Product Disclosure Statement - SMLL	Download
	Annual Report - June 2018	Download
	NRWT and Fund Payment Notice information – December 2018 distributions	Download
	Notice of Modifications to Fund Constitution – AMIT Tax Regime	Download
	2018 Distribution Calendar	Download
	Interim Financial Report 2018	Download