Spheria Australian Microcap Fund
About this Fund
Fund Detail
PDS | https://informedinvestor.com.au/view/pds/100189-2023-11-11-02:48.pdf |
FUND MANAGER | Spheria Asset Management |
ASX Code | |
APIR | WHT0066AU |
ASSET CLASS | SMALL CAP EQUITIES |
INVESTMENT STYLE | Primarily listed companies outside the top ASX 250 listed companies by market capitalisation and companies listed on the New Zealand Stock Exchange with an equivalent market capitalisation. |
INVESTMENT PROFILE | The objective of the Fund is to outperform the S&P/ASX Small Ordinaries Accumulation Index over the medium to long term. |
CURRENCY MANAGEMENT | Active Management |
INCEPTION DATE | 16-05-2016 |
BENCHMARK | S&P/ASX Small Ordinaries Accumulation Index |
FUND SIZE | S&P/ASX Small Ordinaries Accumulation Index |
DISTRIBUTION FREQUENCY | Yearly |
NO. OF HOLDINGS | 20-65 |
FEES | 1.35% p.a. |
STRUCTURE |
Benefits
Benefits | Benefits of investing in the Spheria Australian Microcap FundInvesting in the Fund offers investors a range of benefits:
Risk levelHigh This means there is a high risk of losing money in any year. Conversely, the Fund is likely to produce higher returns over the long term. Investor suitabilityInvestors should be comfortable with some volatility and the possibility of negative returns. |
RISK LEVEL | |
INVESTOR SUITABILITY |
Risks
Title | |
Detail |
Key Features
About the fundThe Fund is an actively managed portfolio, investing in a broad range of microcap companies predominantly from Australia with the objective of specifically seeking out securities where the present value of future free cash flows can be reasonably ascertained and the security is trading at discount to its intrinsic value, subject to certain risk criteria. Key featuresThe objective of the Fund is to outperform the S&P/ASX Small Ordinaries Accumulation Index over the medium to long term by investing predominantly in listed companies which are outside the top 250 ASX listed companies by market capitalisation and companies listed on the New Zealand Stock Exchange with an equivalent market capitalisation. |
Mandate
How we invest your moneyAsset allocation(Asset class: range)
* Individual asset holdings are limited to 10% of the Fund's NAV. The Investment Manager may use exchange traded derivatives for hedging purposes as part of its investment strategy subject to the underlying effective face value being limited to 10% of the NAV of the Fund. The Fund may also use derivatives to manage currency risks. DerivativesThe Fund will not use derivatives for gearing purposes. BorrowingsWhilst the Fund is not restricted in its borrowing levels, the Responsible Entity does not intend to borrow on behalf of the Fund. |