InvestSMART

Ellerston Micro Capital Client - Managed Fund

Fund Objective
The Fund employs an active, research-driven investment approach which seeks to identify a portfolio of smaller company Securities with the aim of delivering superior returns to the Benchmark over time. The Fund will invest in companies that are believed to have the potential to deliver significant upside over the medium term and where there is a reasonable margin of safety to mitigate the downside risk. We will actively manage the positions of the Fund.
Fund Strategy
The Fund employs an active, research-driven investment approach which seeks to identify a portfolio of smaller company Securities with the aim of delivering superior returns to the Benchmark over time. The Fund will invest in companies that are believed to have the potential to deliver significant upside over the medium term and where there is a reasonable margin of safety to mitigate the downside risk. We will actively manage the positions of the Fund.

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 -4.22% 4.32% 22.42% 34.11% 35.88% 23.17% 10.8% -%
Growth return -1.45% -6.82% 12.6% 25.89% 26.24% 20.48% 8.36% -%
Income return -2.77% 11.14% 9.82% 8.22% 9.64% 2.69% 2.44% -%
Market index (S&P/ASX Small Ordinaries TR AUD)
Total return 2.74% 2.65% 17.3% 22.76% 17.42% 12.08% 7.49% 9.51%
As at 30 Nov 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Ellerston Micro Capital Client
Australian Equities
96.02%
Cash
3.98%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
91.88%
Cash
3.87%
International Equities
3.32%
Property & Infrastructure
0.21%
Fixed Interest
0%
Alternatives
0.71%

General Information

Fund Details
Type Description
Ellerston Micro Capital Client
Ellerston Capital Limited
ECL5380AU
Equity Australia Mid/Small Blend
starstarstarstar (as at 31 Dec 2025)
Investment Fund
5 Nov 2020
n/a
$1.6287 (as at 11 Feb 2026)
$1.6205 (as at 11 Feb 2026)
Open
Offer information
Type Description
MER 1.28% (as at 18 Sep 2024)
Indirect Cost Ratio (ICR) 2.75% (as at 30 Jun 2025)
Performance fee (not included in ICR) 1.75
Minimum initial investment $25,000
Minimum additional investments $5,000.00
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FAQs about the Ellerston Micro Capital Client

The objective of the Ellerston Micro Capital Client managed fund is The Fund employs an active, research-driven investment approach which seeks to identify a portfolio of smaller company Securities with the aim of delivering superior returns to the Benchmark over time. The Fund will invest in companies that are believed to have the potential to deliver significant upside over the medium term and where there is a reasonable margin of safety to mitigate the downside risk. We will actively manage the positions of the Fund.

The strategy of the Ellerston Micro Capital Client managed fund is The Fund employs an active, research-driven investment approach which seeks to identify a portfolio of smaller company Securities with the aim of delivering superior returns to the Benchmark over time. The Fund will invest in companies that are believed to have the potential to deliver significant upside over the medium term and where there is a reasonable margin of safety to mitigate the downside risk. We will actively manage the positions of the Fund.

The APIR code of the Ellerston Micro Capital Client managed fund is ECL5380AU.

Ellerston Micro Capital Client’s total return last month was -4.22%. This was made up of a growth return of -1.45% and an income return of -2.77%. These returns were calculated as at 30 Nov 2025.

Ellerston Micro Capital Client’s total return for the last three months was 4.32%. This was made up of a growth return of -6.82% and an income return of 11.14%%. These returns were calculated as at 30 Nov 2025.

Ellerston Micro Capital Client’s one-year total return is 34.11%. This was made up of a growth return of 25.89% and an income return of 8.22%. These returns were calculated as at 30 Nov 2025.

Ellerston Micro Capital Client’s one-year total return is 23.17%. This was made up of a growth return of 20.48% and an income return of 2.69%. These returns were calculated as at 30 Nov 2025.

The asset allocation of the Ellerston Micro Capital Client managed fund is :

Australian Equities
96.02%
Cash
3.98%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Ellerston Micro Capital Client managed fund is Ellerston Capital Limited.

The Ellerston Micro Capital Client managed fund belongs to the Equity Australia Mid/Small Blend sector/asset class.

As at , the size of the Ellerston Micro Capital Client managed fund was $ million.

The Ellerston Micro Capital Client managed fund has an inception date of 5 Nov 2020.

The current entry price of the Ellerston Micro Capital Client managed fund is $1.6287 per unit and the current exit price is $1.6205 per unit (as at 11 Feb 2026).

The current exit price of the Ellerston Micro Capital Client managed fund is $1.6205 per unit and the current entry price is $1.6287 per unit (as at 11 Feb 2026).

The minimum initial investment amount for the Ellerston Micro Capital Client managed fund is $25,000. Minimum additional investment is $5000.

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.