Australian Small Companies Select Fund (managed fund)

SMLL

Invest in a high-quality portfolio of Australian small-cap companies

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Overview

Fund objective

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.

Fund Strategy

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.

  • Portfolio diversification

    SMLL offers diversified exposure to the smaller end of the sharemarket, and therefore specifically excludes larger stocks to which many investors are already exposed.

  • Cost-effective

    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.

Key facts

Pricing information

Current price
Last trade*
% Change (prev day)
Bid (delayed)
Offer (delayed)
iNAV (live)**

* Data is delayed by at least 20 minutes.

** As at 19 December 2023 10:17 AM

NAV
NAV/Unit* $3.53

* As at 18 June 2024

Profile

Net assets* ($A) $89,783,371
Units outstanding* (#) 25,398,422
Management fee and cost** (p.a.) 0.39%
Distribution frequency Semi-annual
Distribution reinvestment plan (DRP) Full or partial participation available
Issuer Betashares Capital
Registry Link Market Services

* As at 18 June 2024

* 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
iNAV IRESS code SMLL.AX
Market makers Susquehanna Pacific

Index information

Index N/A
Index provider N/A
Index ticker N/A
Bloomberg index ticker N/A

Holdings & allocation

Sector allocation

Materials
30.7%
Consumer Discretionary
23.0%
Industrials
12.7%
Energy
9.0%
Financials
6.9%
Real Estate
6.8%
Consumer Staples
6.3%
Health Care
2.4%
Communication Services
1.5%
Other
0.7%

* As of 31 May 2024

Performance

Fund returns after fees (%)

  Fund S&P/ASX Accum. Small Cap Index
1 month -0.99% -0.05%
3 months -0.24% 1.53%
6 months 8.35% 11.74%
1 year 9.91% 10.92%
3 year p.a. 0.10% -0.08%
5 year p.a. 5.33% 4.18%
10 year p.a. - -
Since inception 6.28% 6.09%
Inception date 7-Apr-17 -

* As at 31 May 2024.
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.

Chart

Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.

Distributions

Yield information

Distribution frequency Semi-Annual
12 mth distribution yield* 3.5%
12 mth gross distribution yield* 4.6%
Franking level 76.7%

*As at 31 May 2024. 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.

You can elect DRP by logging into Link’s Investor Centre. Once you are logged in, please proceed to the 'Payments and Tax' tab and select ‘Reinvestment Plans'.

Recent distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
2-Jan-24 3-Jan-24 17-Jan-24 $0.062331 3.83%
3-Jul-23 4-Jul-23 18-Jul-23 $0.059869 4.12%
3-Jan-23 4-Jan-23 18-Jan-23 $0.071418 4.87%
1-Jul-22 4-Jul-22 18-Jul-22 $0.134859 4.28%
4-Jan-22 5-Jan-22 19-Jan-22 $0.048225 7.40%
1-Jul-21 2-Jul-21 16-Jul-21 $0.219692 7.52%
4-Jan-21 5-Jan-21 19-Jan-21 $0.034863 2.62%
1-Jul-20 2-Jul-20 16-Jul-20 $0.037626 2.40%
2-Jan-20 3-Jan-20 17-Jan-20 $0.046016 -
1-Jul-19 2-Jul-19 16-Jul-19 $0.039371 2.66%
2-Jan-19 3-Jan-19 17-Jan-19 $0.042225 -
2-Jul-18 3-Jul-18 17-Jul-18 $0.124421 5.52%

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.

Announcements

ASX announcements: SMLL

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