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.
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.
|Benchmark||S&P/ASX Small Ordinaries Accumulation Index|
|Stock Range||35 - 50|
|Individual Stock Weight||0-10%|
|Inception Date||30 September 2015|
|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%|
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.
|Stock Code^||Company Name|
|SVW||Seven Group Holdings|
Portfolio holdings are subject to change. ^ Alphabetical order.
|BT Wrap||BT Panorama|
|Mason Stevens||MLC Navigator|
Important Legal Information
This website is maintained by Warakirri Asset Management Limited (ABN 33 057 529 370) (Australian Financial Services Licence Holder No. 246782) and provides general product information only and does not constitute financial advice as it does not take into account an individual’s personal circumstances and is not an offer or solicitation to enter into an agreement. Investors should not rely on the information on this website and should refer to the Fund’s Product Disclosure Statement (PDS) and Reference Guide and seeking independent advice from their financial adviser. A PDS for the Fund is available on this website or by calling 1300 927 254. The PDS should be considered before making an investment decision. Investments entail risks, the value of investments can go down as well as up and investors should be aware they might not get back the full value invested. The underlying investment manager for the Fund, Flinders Investment Partners Pty Ltd, is a Corporate Authorised Representative of Warakirri Asset Management Ltd. Portfolio holdings are subject to change.
The Zenith Investment Partners (ABN 27 103132 672, AFS Licence 226872) (“Zenith”) rating (assigned February 2021) referred to in this document 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 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 http://www.zenithpartners.com.au/RegulatoryGuidelines
The Lonsec Rating presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Warakirri product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria. For further information regarding Lonsec’s Ratings methodology, please refer to our website at: http://www.lonsecresearch.com.au/research-solutions/our-ratings
Past performance is not necessarily indicative of future performance.