Discover the wealth creation potential of smaller companies

At a Glance

Australian small companies can offer exceptional opportunities, with the potential to grow many times faster than the broader market. They are also more likely to be under-researched and undervalued. Therefore disciplined research and stock selection is vital.

The Ellerston Small Companies Fund which is available to wholesale investors focuses on small cap companies, especially those outside the S&P/ASX100 Index, to deliver the potential for long-term capital growth.

Constructing a portfolio of 20 to 50 securities, we aim to outperform the S&P/ASX Small Ordinaries Accumulation Index over a rolling three-year investment horizon.

The Ellerston Small companies strategy can also be accessed by retail investors directly through the Zurich Investments Small Companies Fund which is managed by Ellerston Capital.

Our Strategy

Our team uses an active, fundamental, research driven investment approach to find the best value small cap stocks, conducting both qualitative and quantitative analysis to determine each company’s intrinsic value.

We focus on each investment’s upside potential — and its downside risks. And, if an investment fails to meet our expectations, we sell it.

Key Benefits

  • Greater opportunities for alpha creation: because small cap stocks are typically less well researched than larger cap stocks they offer greater opportunities to add alpha.
  • Established track record: potential for long term capital growth and income distributions by a team with a long and successful history of investing in small caps.
  • Proven and repeatable investment process: we use a disciplined investment process and risk management framework with security weightings based upon our level of conviction, the stock’s liquidity profile and its risk/return trade off.
  • A team you can trust: access to Ellerston Capital’s experienced investment specialists and benchmark independent investment approach.


Invest with Ellerston

To find out more, contact Ellerston today.
Phone: (02) 9021 7797

As at 31 May 2017 1 Month % 3 Months % FYTD % 1 Year % 3 Year % Since Inception p.a %
Ellerston Australian Small Companies Fund (Gross) 0.61% 2.48% 11.70% 10.81% 9.30% 9.33%
Benchmark -2.05% 0.30% 4.93% 3.55% 6.04% 5.52%
Excess 2.66% 2.18% 6.77% 7.26% 3.26% 3.81%
Net 3.17% 2.83% 7.87% 8.41% 4.75% 5.40%

The net return figure is calculated after fees and expenses.  The gross return is calculated before fees and expenses.  The benchmark is the S&P/ASX Small Ordinaries Accumulation Index.

Since inception is 10 October 2013.

DISCLAIMER: The performance figures presented are for the  Ellerston Australian Small Companies Fund. 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 of all the Ellerston Funds listed in the table above. 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 Information Memorandum 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.