Maple-Brown Abbott Australian Small Companies Fund
- Clear investment philosophy that ‘earnings drive share price’ over the medium-term
- Differentiated sustainability framework
- Proprietary research focusing on non-consensus inputs
- Focused investment process designed to create an ‘all weather portfolio’ comprised of stocks that rank highly on our earnings, sustainability and risk measures
- Managed by passionate and experienced portfolio managers with a proven track record
The Fund is an actively managed fund that is primarily invested in companies listed (or expected to be listed) on an Australian securities exchange which, at the time they are first invested, are not included in the S&P/ASX 100 Index and have a minimum market capitalisation of $100 million.
We identify undervalued companies where we have conviction in medium-term earnings delivery and that are supported by sustainable business models. Given the breadth of the Australian small companies market, we believe companies with this profile can be found at any point in the market cycle.
The portfolio managers have a proven and repeatable investment process, focused on in-depth fundamental research at the company level.** This approach is designed to create a portfolio of compelling high conviction ideas for our investors.
We typically hold 30–50 stocks which score well on combined earnings-based valuation and sustainability measures, with the focus on diversification and stock specific risk management.
How would the Fund suit clients’ investment portfolios?
The Fund is likely to be appropriate for investors who are seeking capital growth with an investment horizon of at least five years, a very high risk tolerance and are comfortable with the risks associated with investing in small companies.
The Fund aims to outperform the S&P/ASX Small Ordinaries Total Return Index, after fees, over a five-year period.
**The past performance and experience of the portfolio managers was achieved managing a different fund with substantially the same investment strategy as the Fund. Past performance is not a reliable indicator of future performance.
|Inception date24/06/2022||Distribution frequencyAnnually|
|BenchmarkS&P/ASX Small Ordinaries Total Return Index||Minimum initial application$ 20,000|
|APIR codeMPL1241AU||Management fees and costs %*^1.10Performance fee^ 15% of the Fund’s outperformance of the Benchmark|
|Pricing frequency & cut-offDaily/2pm Sydney time on a Business Day||Buy/Sell spread %^0.25/0.25|
A team of experienced and dedicated investment professionals.
Co-Portfolio Manager, Australian Small Companies
Co-Portfolio Manager, Australian Small Companies
as at 30/11/2023
|1 mth %||3 mths %||1 yr % p.a.||Since inception % p.a.*|
^Past performance is not a reliable indicator of future performance. No warranty can be given for future performance. Returns are volatile and may fluctuate quickly and significantly. Total return is based on the movement in net asset value per unit plus distributions and is before tax and after all fees and charges. Imputation and foreign income tax offsets are not included in the performance figures.
Source: Maple-Brown Abbott and S&P
*Inception date is 24 June 2022
as at 07/12/2023
|Application price||Net asset value||Redemption price|
|$ 1.2399||$ 1.2368||$ 1.2337|
Forms and fund information
As the Fund has not been in existence for a full financial year (as at 24 June 2022), the performance fee estimate in the PDS is based on the track record achieved by the portfolio managers in managing a fund with substantially the same investment strategy as the Fund.
The Lonsec rating issued 10/2023 is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. ©2023 Lonsec. All rights reserved.
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned MPL1241AU March 2023) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines.
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