Australian Micro Cap Fund

An actively managed portfolio of Australian listed smaller companies.

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Fund overview

The Ellerston Australian Micro Cap Fund is made up of a portfolio of between 30 – 60 smaller and micro cap companies. The Fund adopts a unique investment process that aims to produce consistent returns over time, regardless of market conditions.

  • Greater opportunities for alpha: Micro Cap companies are under researched compared to larger companies which increases the reward for effort and the opportunity for alpha.
  • Access to growth at reasonable prices: Micro Cap companies that are growing provide the potential for returns as long as you don’t overpay for that growth.

The Fund employs an active, research-driven investment approach which seeks to identify a portfolio of smaller and micro cap companies with the aim of delivering superior returns to the benchmark over time.
The Fund will invest in companies that are believed to have the potential to deliver significant upside over the medium term and where there is a reasonable margin of safety to mitigate downside risk. Investments will generally be made in companies that have sound business franchises with attractive earnings profiles that operate in growth industries and trade at a discount to valuation.

Date:
25/02/2021
Fund:
Australian Micro Cap Fund
Application:
2.0155
NAV:
2.0105
Redemption:
2.0055
Frequency:
Daily

Disclaimer

The net return figure is calculated after fees and expenses. The benchmark is the SS&P/ASX Small Ordinaries Accumulation Index. Since inception is 01 May 2017.

The performance figures presented are for the Ellerston Australian Micro Cap Fund (ARSN 619 727 356). The one month return figure may be an estimate and not the final return. This estimate also impacts other performance information provided. Estimated performance figures (where indicated) are preliminary and subject to change. Returns for other classes may differ slightly. Past performance is not indicative of future performance. Ellerston Capital Limited ABN 34 110 397 674 AFSL 283 000 is the responsible entity for the Ellerston Australian Micro Cap Fund (ARSN 619 727 356). The information supplied above has been prepared by Ellerston Capital Limited without taking account of the objectives, financial situation or needs of investors. Before making an investment decision about any Fund persons should obtain advice from an appropriate financial adviser, consider their own individual circumstances and obtain a copy of the relevant Product Disclosure Statement for the Fund which is available on this website. This material has been prepared based on information believed to be accurate at the time of publication. Assumptions and estimates may have been made which may prove not to be accurate. Ellerston Capital undertakes no responsibility to correct any such inaccuracy. Subsequent changes in circumstances may occur at any time and may impact the accuracy of the information. To the full extent permitted by law, none of Ellerston Capital Limited, or any member of the Ellerston Capital Limited Group of companies makes any warranty as to the accuracy or completeness of the information in this website and disclaims all liability that may arise due to any information contained in this website being inaccurate, unreliable or incomplete.

Performance (Net %)

Download
As at 29/01/2021 1 Month3 Months6 Months1 year3 years p.a.Since
Inception p.a.
Fund +1.11%12.56%22.85%26.98%18.54%25.15%
Benchmark-0.25%13.03%18.33%5.38%6.68%10.04%
Alpha1.36%-0.47%4.52%21.60%11.86%15.11%

Disclaimer

The performance figures are net of taxes, fees and expenses and assuming distributions are reinvested. The benchmark is the SS&P/ASX Small Ordinaries Accumulation Index. Since inception is 01 May 2017. Past performance is not a reliable indicator of future performance, nor a promise of future returns.

The performance figures presented are for the Ellerston Australian Micro Cap Fund (ARSN 619 727 356). The one month return figure may be an estimate and not the final return. This estimate also impacts other performance information provided. Estimated performance figures (where indicated) are preliminary and subject to change. Returns for other classes may differ slightly. Past performance is not indicative of future performance. Ellerston Capital Limited ABN 34 110 397 674 AFSL 283 000 is the responsible entity for the Ellerston Australian Micro Cap Fund (ARSN 619 727 356). The information supplied above has been prepared by Ellerston Capital Limited without taking account of the objectives, financial situation or needs of investors. Before making an investment decision about any Fund persons should obtain advice from an appropriate financial adviser, consider their own individual circumstances and obtain a copy of the relevant Product Disclosure Statement for the Fund which is available on this website. This material has been prepared based on information believed to be accurate at the time of publication. Assumptions and estimates may have been made which may prove not to be accurate. Ellerston Capital undertakes no responsibility to correct any such inaccuracy. Subsequent changes in circumstances may occur at any time and may impact the accuracy of the information. To the full extent permitted by law, none of Ellerston Capital Limited, or any member of the Ellerston Capital Limited Group of companies makes any warranty as to the accuracy or completeness of the information in this website and disclaims all liability that may arise due to any information contained in this website being inaccurate, unreliable or incomplete.

Performance graph

Disclaimer

Past performance figures are calculated pre-tax after taking into account fees and expenses and assume that all distributions are reinvested and do not take into account inflation. Past performance is not a reliable indicator of future performance, nor a promise of future returns. Performance can be volatile.

Distribution

Download
Fund Name 30/6/202031/12/201930/6/201931/12/201830/6/2018 Distribution Frequency
Australian Micro Cap Fund A$0.1016NilNilA$0.0044A$0.1232 Half-Yearly

Disclaimer

Past performance figures are calculated pre-tax after taking into account fees and expenses and assume that all distributions are reinvested and do not take into account inflation. Past performance is not a reliable indicator of future performance, nor a promise of future returns. Performance can be volatile.

Performance (Net %)

Download
Fund Name 1 Month 3 Month 6 Month 1 year 3 years p.a. 5 years p.a. 10 years p.a. Since
Inception p.a.
Fund +1.11%12.56%22.85%26.98%18.54%25.15%
Benchmark-0.25%13.03%18.33%5.38%6.68%10.04%
Alpha1.36%-0.47%4.52%21.60%11.86%15.11%

Disclaimer

The performance figures are net of taxes, fees and expenses and assuming distributions are reinvested. The benchmark is the SS&P/ASX Small Ordinaries Accumulation Index. Since inception is 01 May 2017. Past performance is not a reliable indicator of future performance, nor a promise of future returns.

The performance figures presented are for the Ellerston Australian Micro Cap Fund (ARSN 619 727 356). The one month return figure may be an estimate and not the final return. This estimate also impacts other performance information provided. Estimated performance figures (where indicated) are preliminary and subject to change. Returns for other classes may differ slightly. Past performance is not indicative of future performance. Ellerston Capital Limited ABN 34 110 397 674 AFSL 283 000 is the responsible entity for the Ellerston Australian Micro Cap Fund (ARSN 619 727 356). The information supplied above has been prepared by Ellerston Capital Limited without taking account of the objectives, financial situation or needs of investors. Before making an investment decision about any Fund persons should obtain advice from an appropriate financial adviser, consider their own individual circumstances and obtain a copy of the relevant Product Disclosure Statement for the Fund which is available on this website. This material has been prepared based on information believed to be accurate at the time of publication. Assumptions and estimates may have been made which may prove not to be accurate. Ellerston Capital undertakes no responsibility to correct any such inaccuracy. Subsequent changes in circumstances may occur at any time and may impact the accuracy of the information. To the full extent permitted by law, none of Ellerston Capital Limited, or any member of the Ellerston Capital Limited Group of companies makes any warranty as to the accuracy or completeness of the information in this website and disclaims all liability that may arise due to any information contained in this website being inaccurate, unreliable or incomplete.

Performance graph

Disclaimer

Past performance figures are calculated pre-tax after taking into account fees and expenses and assume that all distributions are reinvested and do not take into account inflation. Past performance is not a reliable indicator of future performance, nor a promise of future returns. Performance can be volatile.

Distribution

Download
Fund Name 30/6/202031/12/201930/6/201931/12/201830/6/2018 Distribution Frequency
Australian Micro Cap Fund A$0.1016NilNilA$0.0044A$0.1232 Half-Yearly

Disclaimer

Past performance figures are calculated pre-tax after taking into account fees and expenses and assume that all distributions are reinvested and do not take into account inflation. Past performance is not a reliable indicator of future performance, nor a promise of future returns. Performance can be volatile.

Newsletters

Document Date Download
January 2021 Newsletter 29/01/2021
December 2020 Newsletter 31/12/2020
November 2020 Newsletter 30/11/2020
October 2020 Newsletter 31/10/2020
September 2020 Newsletter 30/09/2020
August 2020 Newsletter 31/08/2020
July 2020 Newsletter 31/07/2020
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