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  5. Schroder Microcap - Managed fund profile

Schroder Microcap - Managed Fund (Closed)

Fund Objective
The objective of the Fund is to outperform the S&P/ASX Small Ordinaries Total Return Accumulation Index over the long term by investing predominantly in listed companies with a market capitalisation in excess of AUD10 million but which are outside the top 250 ASX listed companies by market capitalisation and companies listed on the New Zealand Stock Exchange with an equivalent market capitalisation ("Microcap stocks").
Fund Strategy
The core of Schroders' investment philosophy is that corporate value creation, or the ability to generate returns on capital higher than the cost of capital, leads to sustainable share price outperformance in the long term. The ability to generate superior returns is a function of industry dynamics and company competitive advantage.

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 2% -1.87% 0.35% 12.31% 16.56% 15.99% 20.12% 9.53%
Growth return -9.68% -13.11% -11.13% -0.55% -1.55% -1.6% 7.13% 1.26%
Income return 11.68% 11.24% 11.48% 12.86% 18.11% 17.59% 12.99% 8.27%
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 30 Jun 2017. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Schroder Microcap
Australian Equities
94.41%
Cash
5.59%
International Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
90.54%
Cash
4.51%
International Equities
2.64%
Property
2.03%
Fixed Interest
0.25%
Alternatives
0.03%

General Information

Fund Details
Type Description
Schroder Microcap (Wholesale)
Closed
Schroder Investment Management Australia
SCH0033AU
Equity Australia Mid/Small Blend
starstarstarstarstar (as at 30 Jun 2017)
Investment Fund
1 Mar 2006
$9.44 million (as at 30 Jun 2017)
$0.3332 (as at 24 Jul 2017)
$0.3282 (as at 24 Jul 2017)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) 1.10% (as at 30 Jun 2016)
Minimum initial investment $500,000
Minimum additional investments $50,000
Minimum redemption amount $50,000

Top 10 holdings (as at 31 Jan 2015)

Holding (as at 31 Jan 2015) Type % of Portfolio
Beacon Lighting Group Ltd Equity 4.33%
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FAQs about the Schroder Microcap

The objective of the Schroder Microcap managed fund is The objective of the Fund is to outperform the S&P/ASX Small Ordinaries Total Return Accumulation Index over the long term by investing predominantly in listed companies with a market capitalisation in excess of AUD10 million but which are outside the top 250 ASX listed companies by market capitalisation and companies listed on the New Zealand Stock Exchange with an equivalent market capitalisation ("Microcap stocks").

The strategy of the Schroder Microcap managed fund is The core of Schroders' investment philosophy is that corporate value creation, or the ability to generate returns on capital higher than the cost of capital, leads to sustainable share price outperformance in the long term. The ability to generate superior returns is a function of industry dynamics and company competitive advantage.

The APIR code of the Schroder Microcap managed fund is SCH0033AU.

Schroder Microcap’s total return last month was 2%. This was made up of a growth return of -9.68% and an income return of 11.68%. These returns were calculated as at 30 Jun 2017.

Schroder Microcap’s total return for the last three months was -1.87%. This was made up of a growth return of -13.11% and an income return of 11.24%%. These returns were calculated as at 30 Jun 2017.

Schroder Microcap’s one-year total return is 12.31%. This was made up of a growth return of -0.55% and an income return of 12.86%. These returns were calculated as at 30 Jun 2017.

Schroder Microcap’s one-year total return is 15.99%. This was made up of a growth return of -1.6% and an income return of 17.59%. These returns were calculated as at 30 Jun 2017.

The asset allocation of the Schroder Microcap managed fund is :

Australian Equities
94.41%
Cash
5.59%
International Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Schroder Microcap managed fund is Schroder Investment Management Australia.

The Schroder Microcap managed fund belongs to the Equity Australia Mid/Small Blend sector/asset class.

As at 30 Jun 2017, the size of the Schroder Microcap managed fund was $9.44 million.

The Schroder Microcap managed fund has an inception date of 1 Mar 2006.

The current entry price of the Schroder Microcap managed fund is $0.3332 per unit and the current exit price is $0.3282 per unit (as at 24 Jul 2017).

The current exit price of the Schroder Microcap managed fund is $0.3282 per unit and the current entry price is $0.3332 per unit (as at 24 Jul 2017).

The minimum initial investment amount for the Schroder Microcap managed fund is $500,000. Minimum additional investment is $50000.

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.