INVESTMENT OBJECTIVE

To build a portfolio of quality, growing smaller companies that will outperform the Benchmark by 3% pa (after fees) over rolling 3-year periods through an active, research-based approach that assesses risk and investment fundamentals.

INVESTMENT STRATEGY

Growing businesses generate the most value for shareholders, especially if they can be identified early in their growth phase. Flinders believe that the way to identify these attractive companies is to undertake significant, rigorous and consistent proprietary research and financial analysis. Flinders are resolute in their focus on risk management in order to maximise gains and limit losses, leading to potentially higher returns for investors.

FUND FACTS

Benchmark S&P/ASX Small Ordinaries Accumulation Index
Stock Range 35 - 50
Individual Stock Weight 0-10%
Inception Date 30 September 2015
Fund Size $123m
Distribution Frequency Semi-Annual
Management Fee 1.10% pa
Performance Fee 20.628% of after management fee over the Benchmark subject to a relative high-water mark
Buy/Sell Spread 0.35% / 0.35%
Currency AUD
APIR Code ETL0449AU

Why Actively Managed Small Caps?



A CORE PORTFOLIO HOLDING

It is widely known that traditional Australian equities portfolios are stacked with the country’s top 100 stocks, yet there are more than 2,000 other smaller companies to invest in.

Historically, active management has consistently delivered outperformance as the opportunity set presented by the small caps sector allows the fund manager to demonstrate both their stock selection and portfolio construction skill. An asset allocation decision on the viability of a small cap allocation based purely on analysis of the benchmark returns, ignores the demonstrated alpha opportunity available for investors over time.

Markets have rallied strongly since the trough on 23 March 2020 which coincided with the COVID-19 pandemic and equities have re-rated aggressively. Earnings per share (EPS) growth expectations based on FY23 consensus data for the small companies sector are currently looking more attractive than large caps.

Performance, Prices & Distributions

Performance

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Fund Prices

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Distributions

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Portfolio Holdings


As at 30 September 2021

Stock Code^ Company Name
BBN Baby Bunting
CDA Codan
ELD Elders
EQT EQT Holdings
SVW Seven Group Holdings

Portfolio holdings are subject to change. ^ Alphabetical order.

As at 30 September 2021

 
5.0% Energy
13.0% Materials
12.0% Industrials
21.0% Consumer Discretionary
4.0% Consumer Staples
6.0% Healthcare
16.0% Financials
9.0% Information Technology
5.0% Communication Services
5.0% Real Estate
3.0% Cash
 

FUND RATINGS & PLATFORM AVAILABILITY


Platform
BT Wrap BT Panorama
FirstWrap HUB24
IOOF Macquarie Wrap
Mason Stevens MLC Navigator
MLC Wrap Netwealth
North Powerwrap
Praemium uXchange
Xplore