Australian Small Companies Select ETF
Overview
Notice: Changes to the Fund’s features from 10 January 2025
Betashares, as the responsible entity, made certain changes to the Fund that we believe will benefit investors. The changes relate to the Fund's name, investment objective and strategy, market making arrangements and fees.
These changes took effect following the close of ASX trading on 10 January 2025. For more information regarding the changes, please refer to the ASX announcement.
Fund objective
SMLL aims to track the Nasdaq Australia Small Cap Select Index (before fees and expenses) that provides exposure to a portfolio of high-quality, profitable small cap companies listed on the ASX.
Fund strategy
SMLL invests in a portfolio of ASX-listed companies that are generally within the 91-350 largest by free float market capitalisation. The portfolio will typically consist of 50-100 securities.
SMLL’s index uses screens that aim 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 selection process.
Benefits
High quality small-cap strategy
SMLL provides access to a tailored portfolio of high-quality, profitable small-cap Australian companies, applying a screening process focused on excluding companies which may be a drag on long-term performance.
Portfolio diversification
SMLL offers diversified exposure to the smaller end of the Australian share market, allowing investors to tap into the benefits of small cap investing and diversify their holdings away from what is typically an over-exposure to large cap companies in Australia.
Cost-effective
SMLL applies a smart screening process to construct a portfolio at a management fee lower than most actively and passively managed funds that invest in small-cap Australian companies.
Invest in SMLL with Betashares Direct
Key facts
Profile
| Units outstanding* (#) | 26,593,653 |
|---|---|
| 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 16 January 2025
**Certain additional costs apply. Please refer to PDS.
Pricing information
| Current price | |
|---|---|
| Last trade* | |
| % Change (prev day) | |
| Bid (delayed) | |
| Offer (delayed) | |
| ASX iNav code | YSML |
| NAV | * As at 16 January 2025 |
| NAV/Unit* | $3.59 |
| * Data is delayed by at least 20 minutes. | |
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
Trading information
| ASX code | SMLL |
|---|---|
| Bloomberg code | SMLL AU |
| IRESS code | SMLL.AXW |
| iNAV IRESS code | YSML.ASX |
| Market makers | Citigroup Global Markets Australia Pty Ltd |
Index information
| Index | Nasdaq Australia Small Cap Select index |
|---|---|
| Index provider | Nasdaq |
| Index ticker | N/A |
| Bloomberg index ticker | AUSCSGL Index |
Performance
Fund returns after fees (%)
| Fund | Index | S&P/ASX Small Cap Index | |
|---|---|---|---|
| 1 month | -3.02% | -3.03% | -3.07% |
| 3 months | -6.21% | -6.21% | -1.01% |
| 6 months | 1.66% | 1.99% | 5.46% |
| 1 year | 4.50% | 5.02% | 8.36% |
| 3 year p.a. | -2.55% | -2.18% | -1.57% |
| 5 year p.a. | 5.02% | 5.46% | 4.01% |
| 10 year p.a. | - | 8.22% | 7.28% |
| Since inception | 6.13% | 6.52% | 6.15% |
| Inception date | 7-Apr-17 | - | - |
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. Inception date refers to the initial inception date of the Fund. The Fund’s investment objective and strategy, marketing making arrangements and fees were modified with effect on 10 January 2025 following the close of trading. As the rules applied in the Fund’s investment approach were similar to the methodology of the Nasdaq Australia Small Cap Select Index, no material changes to the Fund’s investment approach or holdings are expected as a result of the change. For more information, refer to the ASX announcement dated 10 December 2024.
Holdings and allocation
Portfolio holdings
| Name | Weight (%) |
|---|---|
| INCITEC PIVOT LTD | 5.0 |
| CLEANAWAY WASTE MANAGEMENT LTD | 4.7 |
| HUB24 LTD | 3.7 |
| PERSEUS MINING LTD | 3.6 |
| ANSELL LTD | 3.2 |
| ORORA LTD | 2.9 |
| BREVILLE GROUP LTD | 2.9 |
| NATIONAL STORAGE REIT | 2.9 |
| CHALLENGER LTD | 2.8 |
| HARVEY NORMAN HOLDINGS LTD | 2.8 |
Sector allocation
| Materials | 27.2% |
|---|---|
| Consumer Discretionary | 25.1% |
| Industrials | 12.7% |
| Financials | 8.6% |
| Energy | 7.9% |
| Real Estate | 6.9% |
| Consumer Staples | 6.0% |
| Health Care | 3.5% |
| Communication Services | 1.6% |
| Information Technology | 0.7% |
* As of 31 December 2024
Distributions
Frequency and yield
| Distribution frequency | Semi-Annual |
|---|---|
| 12 mth distribution yield* | 3.1% |
| 12 mth gross distribution yield* | 4.1% |
| Franking level | 77.1% |
*As at 31 December 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-25 | 3-Jan-25 | 17-Jan-25 | $0.052237 | 2.93% |
| 1-Jul-24 | 2-Jul-24 | 16-Jul-24 | $0.048391 | 3.38% |
| 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 | 3.03% |
| 1-Jul-19 | 2-Jul-19 | 16-Jul-19 | $0.039371 | 6.34% |
| 2-Jan-19 | 3-Jan-19 | 17-Jan-19 | $0.042225 | 5.54% |
| 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
Payment notice information
NRWT & fund payments
| Document | Date |
|---|---|
| 2024-06 | |
| 2023-12 | |
| 2024-12 |