The Fund is an actively managed portfolio, investing in a broad range of small cap companies predominantly from Australia. The Fund focuses on small cap businesses that generate predictable free cash flows at an appropriate multiple for the forecast growth profile. Not only does this process see great businesses with strong fundamentals added to portfolios, it ensures businesses that don’t generate cash, lack sustainability or are being priced nonsensically by the market are avoided which is crucial in the small cap space.
The Spheria Australian Smaller Companies Fund received a ‘Highly Recommended’ rating from Zenith Investment Partners (February 2021)1 and a ‘Recommended’ rating from Lonsec Research (August 2020)2.
|Spheria Australian Smaller Companies Fund||value|
|Benchmark||S&P/ASX Small Ordinaries Accumulation Index|
|Investment Objective||Outperform the S&P/ASX Small Ordinaries Accumulation Index over the medium to long term|
|Investing Universe||Primarily listed companies outside the top ASX 100 listed companies by market capitalisation and companies listed on the New Zealand Stock Exchange with an equivalent market capitalisation|
|Holdings||Generally 20-65 stocks|
|Fees||1.10% p.a. Management fee & 20% performance fee of the Fund’s excess return versus its benchmark, net of management fee.|
|Cash||Up to 20% cash, typically 5% - 10%|
|Expected Turnover||30% - 40%|
|Minimum Initial Investment||$25,000|