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  5. Ironbark Renaissance Australian Sm Comp - Managed fund profile

Ironbark Renaissance Australian Sm Comp - Managed Fund

Fund Objective
To outperform the benchmark (before fees) over rolling 4-year periods.
Fund Strategy
Renaissance employs an active approach to investment management, adopting a 'bottom up', value-based philosophy. Renaissance identify opportunities by monitoring the difference between prevailing market prices and the assessed valuation. Most commonly this occurs due to behavioural inefficiencies, caused by sentiment or momentum driven price movements, or informational inefficiencies, situations where the market has mispriced securities due to incorrect assumptions or lack of recognition of change.

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 5.4% 6.89% 14.63% 17.91% -2.03% 0.49% 3.15% 4.96%
Growth return 5.4% 6.89% 14% 16.09% -11.89% -9.3% -6.07% -1.11%
Income return 0% 0% 0.63% 1.82% 9.86% 9.79% 9.22% 6.07%
Market index (S&P/ASX Small Ordinaries TR AUD)
Total return 4.79% 7.55% 16.71% 13.83% -0.6% 2.72% -% 6.69%
As at 31 Mar 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Ironbark Renaissance Australian Sm Comp
Australian Equities
97.76%
Cash
2.24%
International Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
90.84%
Cash
4.34%
International Equities
2.63%
Property
1.92%
Fixed Interest
0.24%
Alternatives
0.03%

General Information

Fund Details
Type Description
Ironbark Renaissance Australian Sm Comp
Ironbark Asset Mgmt (Fund Services) Ltd
PAT0002AU
Equity Australia Mid/Small Blend
starstar (as at 31 Mar 2023)
Investment Fund
30 Jun 2005
$76.53 million (as at 12 Apr 2024)
$2.6459 (as at 12 Apr 2024)
$2.6353 (as at 12 Apr 2024)
Open
Offer information
Type Description
Indirect Cost Ratio (ICR) 1.29% (as at 30 Jun 2023)
Performance fee (not included in ICR) 0.09
Minimum initial investment $20,000
Minimum additional investments $1,000.00
Minimum redemption amount $1,000.00

Top 10 holdings (as at 29 Feb 2024)

Holding (as at 29 Feb 2024) Type % of Portfolio
PEXA Group Ltd Equity 4.37%
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FAQs about the Ironbark Renaissance Australian Sm Comp

The objective of the Ironbark Renaissance Australian Sm Comp managed fund is To outperform the benchmark (before fees) over rolling 4-year periods.

The strategy of the Ironbark Renaissance Australian Sm Comp managed fund is Renaissance employs an active approach to investment management, adopting a 'bottom up', value-based philosophy. Renaissance identify opportunities by monitoring the difference between prevailing market prices and the assessed valuation. Most commonly this occurs due to behavioural inefficiencies, caused by sentiment or momentum driven price movements, or informational inefficiencies, situations where the market has mispriced securities due to incorrect assumptions or lack of recognition of change.

The APIR code of the Ironbark Renaissance Australian Sm Comp managed fund is PAT0002AU.

Ironbark Renaissance Australian Sm Comp’s total return last month was 5.4%. This was made up of a growth return of 5.4% and an income return of 0%. These returns were calculated as at 31 Mar 2024.

Ironbark Renaissance Australian Sm Comp’s total return for the last three months was 6.89%. This was made up of a growth return of 6.89% and an income return of 0%%. These returns were calculated as at 31 Mar 2024.

Ironbark Renaissance Australian Sm Comp’s one-year total return is 17.91%. This was made up of a growth return of 16.09% and an income return of 1.82%. These returns were calculated as at 31 Mar 2024.

Ironbark Renaissance Australian Sm Comp’s one-year total return is 0.49%. This was made up of a growth return of -9.3% and an income return of 9.79%. These returns were calculated as at 31 Mar 2024.

The asset allocation of the Ironbark Renaissance Australian Sm Comp managed fund is :

Australian Equities
97.76%
Cash
2.24%
International Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Ironbark Renaissance Australian Sm Comp managed fund is Ironbark Asset Mgmt (Fund Services) Ltd.

The Ironbark Renaissance Australian Sm Comp managed fund belongs to the Equity Australia Mid/Small Blend sector/asset class.

As at 12 Apr 2024, the size of the Ironbark Renaissance Australian Sm Comp managed fund was $76.53 million.

The Ironbark Renaissance Australian Sm Comp managed fund has an inception date of 30 Jun 2005.

The current entry price of the Ironbark Renaissance Australian Sm Comp managed fund is $2.6459 per unit and the current exit price is $2.6353 per unit (as at 12 Apr 2024).

The current exit price of the Ironbark Renaissance Australian Sm Comp managed fund is $2.6353 per unit and the current entry price is $2.6459 per unit (as at 12 Apr 2024).

The minimum initial investment amount for the Ironbark Renaissance Australian Sm Comp managed fund is $20,000. Minimum additional investment is $1000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.