Baza High Conviction Fund A - Managed Fund

Fund Objective

The Fund’s investment strategy is to identify, assess and invest in undervalued small-cap ASX-listed companies to generate outperformance relative to the Fund’s Benchmark. The Fund will maintain an unlevered and predominantly long portfolio of ASX-listed (and soon to be listed) securities.

Fund Strategy

Fund Performance Comparison

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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

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.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	-13.92%	-11.03%	-2.51%	19.44%	9.08%	7.55%	2.41%	-%
Growth return	-13.77%	-10.57%	-2.01%	20.05%	9.36%	7.74%	-6.32%	-%
Income return	-0.15%	-0.46%	-0.5%	-0.61%	-0.28%	-0.19%	8.73%	-%
Market index (S&P/ASX Small Ordinaries TR AUD)
Total return	3.33%	-10.35%	-7.98%	15.32%	9.37%	8.7%	3.66%	7.32%

As at 31 Mar 2026. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

No asset allocation data available.

Average Allocation of Peers

Australian Equities: 91.48%

International Equities: 3.72%

Cash: 3.97%

Property & Infrastructure: 0.12%

Fixed Interest: 0%

Alternatives: 0.71%

General Information

Fund Details

Type	Description
Fund Name	Baza High Conviction Fund A
APIR Code	TOI6244AU
Sector/Asset Class	Equity Australia Mid/Small Blend
Morningstar Rating	(as at 31 Jan 2026)
Legal Structure	Investment Fund
Fund Inception	15 Jan 2020
Fund Size	n/a
Entry Price	$1.1749 (as at 31 Mar 2026)
Exit Price	$1.1749 (as at 31 Mar 2026)
Fund Status	Open

Offer information

Type	Description
MER	2.06% (as at 20 May 2025)
Indirect Cost Ratio (ICR) - Estimated	2.06% (as at 30 Jun 2024) (Estimated)
Minimum initial investment	$50,000
Minimum additional investments	$25,000

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FAQs about the Baza High Conviction Fund A

What is the objective of the Baza High Conviction Fund A managed fund?

The objective of the Baza High Conviction Fund A managed fund is The Fund’s investment strategy is to identify, assess and invest in undervalued small-cap ASX-listed companies to generate outperformance relative to the Fund’s Benchmark. The Fund will maintain an unlevered and predominantly long portfolio of ASX-listed (and soon to be listed) securities.

What is the strategy for the Baza High Conviction Fund A managed fund?

The strategy of the Baza High Conviction Fund A managed fund is The Fund’s investment strategy is to identify, assess and invest in undervalued small-cap ASX-listed companies to generate outperformance relative to the Fund’s Benchmark. The Fund will maintain an unlevered and predominantly long portfolio of ASX-listed (and soon to be listed) securities.

What is the APIR code of the Baza High Conviction Fund A managed fund?

The APIR code of the Baza High Conviction Fund A managed fund is TOI6244AU.

What was Baza High Conviction Fund A’s total return last month?

Baza High Conviction Fund A’s total return last month was -13.92%. This was made up of a growth return of -13.77% and an income return of -0.15%. These returns were calculated as at 31 Mar 2026.

What was Baza High Conviction Fund A’s total return for the last three months?

Baza High Conviction Fund A’s total return for the last three months was -11.03%. This was made up of a growth return of -10.57% and an income return of -0.46%%. These returns were calculated as at 31 Mar 2026.

What is Baza High Conviction Fund A’s one-year total return?

Baza High Conviction Fund A’s one-year total return is 19.44%. This was made up of a growth return of 20.05% and an income return of -0.61%. These returns were calculated as at 31 Mar 2026.

What is Baza High Conviction Fund A’s three-year total return?

Baza High Conviction Fund A’s one-year total return is 7.55%. This was made up of a growth return of 7.74% and an income return of -0.19%. These returns were calculated as at 31 Mar 2026.

What is the asset allocation of the Baza High Conviction Fund A managed fund?

The asset allocation of the Baza High Conviction Fund A managed fund is :

Australian Equities: 100%

International Equities: 0%

Cash: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

What sector/asset class does the Baza High Conviction Fund A managed fund belong to?

The Baza High Conviction Fund A managed fund belongs to the Equity Australia Mid/Small Blend sector/asset class.

What is the size of the Baza High Conviction Fund A managed fund?

As at , the size of the Baza High Conviction Fund A managed fund was $ million.

What is the inception date of the Baza High Conviction Fund A managed fund?

The Baza High Conviction Fund A managed fund has an inception date of 15 Jan 2020.

What is the current entry price of the Baza High Conviction Fund A managed fund?

The current entry price of the Baza High Conviction Fund A managed fund is $1.1749 per unit and the current exit price is $1.1749 per unit (as at 31 Mar 2026).

What is the current exit price of the Baza High Conviction Fund A managed fund?

The current exit price of the Baza High Conviction Fund A managed fund is $1.1749 per unit and the current entry price is $1.1749 per unit (as at 31 Mar 2026).

What is the minimum investment amount for the Baza High Conviction Fund A managed fund?

The minimum initial investment amount for the Baza High Conviction Fund A managed fund is $50,000. Minimum additional investment is $25000.

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.

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