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Spheria Global Microcap Fund receives inaugural rating
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Spheria Global Microcap Fund receives inaugural rating

By November 18, 2020May 23rd, 2022No Comments

Spheria Global Microcap Fund receives inaugural rating

 

Spheria Asset Management is pleased to announce the Spheria Global Microcap Fund (the Fund) has received a ‘Recommended’ rating from Zenith Investment Partners. It is the inaugural rating assigned to the fund.

Spheria Asset Management Co-Founder and Portfolio Manager, Marcus Burns, said the rating is a reflection of confidence in the application of Spheria’s proven domestic investment process, in the global microcap universe.

“Such a strong first rating from a respected independent researcher corroborates our belief that the Fund fills an unmet need for investors by giving them access to this unique asset class,” said Mr Burns.

“The global microcap space is a largely unexplored segment of the market, potentially making it one of the most significant opportunities for client wealth creation.

“We believe the best way to exploit this opportunity is through a carefully selected portfolio of global microcaps, with strong free-cash flow, low gearing and valuation upside.”

In its report, Zenith said it believes the Fund is an “attractive and unique investment option within the global equities peer group.”

Furthermore, it stated “Zenith believes the investment process implemented by Spheria is robust, with its focus on industry and financial risks likely to result in more consistent risk-adjusted return outcomes.”

The Fund, launched in March 2019, is style-neutral and typically holds 40-60 business in the portfolio with market capitalisations of between US$50 million to US$1 billion. It aims to outperform the MSCI Kokusai (World ex-Japan) Microcap Index by 3% p.a. after fees over rolling seven-year periods.

In the year to October 31, 2020, the Fund has delivered a net return of 11.8%, outperforming the benchmark by 8%.

Zenith disclaimer:

The Zenith Investment Partners (“Zenith”) Australian Financial Services License no. 226872 rating (assigned November 2020) referred to in this document is limited to “general advice” (as defined by the 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. 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. Zenith usually charges the product issuer, fund manager or a related party to conduct product
assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our product assessment’s and at http://www.zenithpartners.com.au/regulatoryguidelines

Disclaimer

This communication is prepared by Spheria Asset Management Pty Limited ('Spheria') (ABN 42‌ 611‌ 081‌ 326‌, Corporate Authorised Representative No. 1240‌979‌) as the investment manager of the Spheria Emerging Companies Limited ('SEC', 'Company') (ABN 84‌ 621‌ 402‌ 588‌) and Spheria Australian Microcap Fund (ARSN 611‌ 819‌ 651‌), Spheria Australian Smaller Companies Fund (ARSN 117‌ 083‌ 762‌), Spheria Global Microcap Fund (ARSN 627‌ 330‌ 287‌) and Spheria Opportunities Fund (ARSN 144‌ 032‌ 431‌) (‘the Funds’). Pinnacle Fund Services Limited ('PFSL') (ABN 29‌ 082‌ 494‌ 362‌, AFSL 238‌371‌) is the product issuer of the Funds. PFSL is not licensed to provide financial product advice. PFSL is a wholly-owned subsidiary of the Pinnacle Investment Management Group Limited (‘Pinnacle’) (ABN 22‌ 100‌ 325‌ 184‌). The Product Disclosure Statement (‘PDS’) and Target Market Determination (‘TMD’) of the relevant Fund are available via the links below. Any potential investor should consider the PDS and TMD before deciding whether to acquire, or continue to hold units in, the Fund.

Links to the Product Disclosure Statement: WHT0066AU, WHT0008AU, WHT0025AU, WHT6704AU

Links to the Target Market Determination: WHT0066AU, WHT0008AU, WHT0025AU, WHT6704AU

For historic TMD’s please contact Pinnacle client service Phone 1300 010 311 or Email service@pinnacleinvestment.com

This communication is for general information only. It is not intended as a securities recommendation or statement of opinion intended to influence a person or persons in making a decision in relation to investment. It has been prepared without taking account of any person’s objectives, financial situation or needs. Any persons relying on this information should obtain professional advice before doing so. Past performance is for illustrative purposes only and is not indicative of future performance.

Whilst Spheria, PFSL and Pinnacle believe the information contained in this communication is reliable, no warranty is given as to its accuracy, reliability or completeness and persons relying on this information do so at their own risk. Subject to any liability which cannot be excluded under the relevant laws, Spheria, PFSL and Pinnacle disclaim all liability to any person relying on the information contained in this communication in respect of any loss or damage (including consequential loss or damage), however caused, which may be suffered or arise directly or indirectly in respect of such information. This disclaimer extends to any entity that may distribute this communication.

Any opinions and forecasts reflect the judgment and assumptions of Spheria and its representatives on the basis of information available as at the date of publication and may later change without notice. Any projections contained in this presentation are estimates only and may not be realised in the future.

Unauthorised use, copying, distribution, replication, posting, transmitting, publication, display, or reproduction in whole or in part of the information contained in this communication is prohibited without obtaining prior written permission from Spheria. Pinnacle and its associates may have interests in financial products and may receive fees from companies referred to during this communication.

This may contain the trade names or trademarks of various third parties, and if so, any such use is solely for illustrative purposes only. All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with, endorsement by, or association of any kind between them and Spheria.