Australian Small Companies Select Fund (managed fund)
- Australian shares
Invest in a high-quality portfolio of Australian small-cap companies
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 29 March 2023 04:04 PM
| NAV | |
|---|---|
| NAV/Unit* | $3.32 |
* As at 30 November 2023
Profile
| Net assets* ($A) | $77,168,098 |
|---|---|
| Units outstanding* (#) | 23,214,434 |
| 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 30 November 2023
* 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 | 26.3% |
|---|---|
| Consumer Discretionary | 18.8% |
| Industrials | 12.8% |
| Real Estate | 11.3% |
| Energy | 10.9% |
| Financials | 6.6% |
| Consumer Staples | 5.6% |
| Health Care | 4.0% |
| Communication Services | 3.1% |
| Other | 0.6% |
* As of 31 October 2023
Performance
Fund returns after fees (%)
| Fund | S&P/ASX Accum. Small Cap Index | |
|---|---|---|
| 1 month | -4.07% | -5.45% |
| 3 months | -7.87% | -10.45% |
| 6 months | -8.97% | -10.28% |
| 1 year | -1.19% | -5.10% |
| 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% |
| Inception date | 7-Apr-17 | - |
* 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.
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* | 4.2% |
| 12 mth gross distribution yield* | 5.6% |
| Franking level | 80.9% |
*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.