Blackwattle Small Capital Quality - Managed Fund

Fund Objective

The Fund is a long only equities fund that provides exposure to Australian and New Zealand small capitalisation listed compnaies that are, in the Investment Manager's view, emerging as industry leaders. The portfolio is actively managed typically investing in 30-60 securities primarily outside the S&P/ASX100.

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	3.82%	11.57%	-3.34%	14.47%	13.28%	-%	-%	-%
Growth return	3.92%	11.88%	-2.8%	15.11%	13.39%	-%	-%	-%
Income return	-0.1%	-0.31%	-0.54%	-0.64%	-0.11%	-%	-%	-%
Market index (S&P/ASX Small Ordinaries TR AUD)
Total return	-3.17%	-3.18%	-13.2%	1.81%	6.56%	7.46%	2.18%	5.81%

As at 30 Jun 2026. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Blackwattle Small Capital Quality

Australian Equities: 93.41%

Cash: 6.59%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 90.91%

Cash: 4.26%

International Equities: 4%

Property & Infrastructure: 0.13%

Fixed Interest: 0%

Alternatives: 0.70%

General Information

Fund Details

Type	Description
Fund Name	Blackwattle Small Capital Quality
APIR Code	ETL0788AU
Sector/Asset Class	Equity Australia Mid/Small Blend
Morningstar Rating	Not Rated
Legal Structure	Investment Fund
Fund Inception	12 Sep 2023
Fund Size	$23.89 million (as at 30 Apr 2026)
Entry Price	$1.4627 (as at 5 Aug 2026)
Exit Price	$1.4555 (as at 5 Aug 2026)
Fund Status	Open

Offer information

Type	Description
MER	1.13% (as at 28 Feb 2026)
Indirect Cost Ratio (ICR)	1.68% (as at 30 Jun 2025)
Performance fee (not included in ICR)	0.55
Minimum initial investment	$25,000
Minimum additional investments	$1,000.00

Top 10 holdings (as at 31 Dec 2025)

Holding (as at 31 Dec 2025)	Type	% of Portfolio
Ramelius Resources Ltd		12.01%
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FAQs about the Blackwattle Small Capital Quality

What is the objective of the Blackwattle Small Capital Quality managed fund?

The objective of the Blackwattle Small Capital Quality managed fund is The Fund is a long only equities fund that provides exposure to Australian and New Zealand small capitalisation listed compnaies that are, in the Investment Manager's view, emerging as industry leaders. The portfolio is actively managed typically investing in 30-60 securities primarily outside the S&P/ASX100.

What is the strategy for the Blackwattle Small Capital Quality managed fund?

The strategy of the Blackwattle Small Capital Quality managed fund is The Fund is a long only equities fund that provides exposure to Australian and New Zealand small capitalisation listed compnaies that are, in the Investment Manager's view, emerging as industry leaders. The portfolio is actively managed typically investing in 30-60 securities primarily outside the S&P/ASX100.

What is the APIR code of the Blackwattle Small Capital Quality managed fund?

The APIR code of the Blackwattle Small Capital Quality managed fund is ETL0788AU.

What was Blackwattle Small Capital Quality’s total return last month?

Blackwattle Small Capital Quality’s total return last month was 3.82%. This was made up of a growth return of 3.92% and an income return of -0.1%. These returns were calculated as at 30 Jun 2026.

What was Blackwattle Small Capital Quality’s total return for the last three months?

Blackwattle Small Capital Quality’s total return for the last three months was 11.57%. This was made up of a growth return of 11.88% and an income return of -0.31%%. These returns were calculated as at 30 Jun 2026.

What is Blackwattle Small Capital Quality’s one-year total return?

Blackwattle Small Capital Quality’s one-year total return is 14.47%. This was made up of a growth return of 15.11% and an income return of -0.64%. These returns were calculated as at 30 Jun 2026.

What is Blackwattle Small Capital Quality’s three-year total return?

Blackwattle Small Capital Quality’s one-year total return is -%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 30 Jun 2026.

What is the asset allocation of the Blackwattle Small Capital Quality managed fund?

The asset allocation of the Blackwattle Small Capital Quality managed fund is :

Australian Equities: 93.41%

Cash: 6.59%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

What sector/asset class does the Blackwattle Small Capital Quality managed fund belong to?

The Blackwattle Small Capital Quality managed fund belongs to the Equity Australia Mid/Small Blend sector/asset class.

What is the size of the Blackwattle Small Capital Quality managed fund?

As at 30 Apr 2026, the size of the Blackwattle Small Capital Quality managed fund was $23.89 million.

What is the inception date of the Blackwattle Small Capital Quality managed fund?

The Blackwattle Small Capital Quality managed fund has an inception date of 12 Sep 2023.

What is the current entry price of the Blackwattle Small Capital Quality managed fund?

The current entry price of the Blackwattle Small Capital Quality managed fund is $1.4627 per unit and the current exit price is $1.4555 per unit (as at 5 Aug 2026).

What is the current exit price of the Blackwattle Small Capital Quality managed fund?

The current exit price of the Blackwattle Small Capital Quality managed fund is $1.4555 per unit and the current entry price is $1.4627 per unit (as at 5 Aug 2026).

What is the minimum investment amount for the Blackwattle Small Capital Quality managed fund?

The minimum initial investment amount for the Blackwattle Small Capital Quality managed fund is $25,000. 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.

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