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  5. Lakehouse Small Companies Fund - Managed fund profile

Lakehouse Small Companies Fund - Managed Fund

Fund Objective
The Fund's investment objective is to outperform the S&P/ ASX Small Ordinaries Accumulation Index (Benchmark) over rolling five year periods (after fees and expenses but before taxes) by focusing on listed shares of smaller companies in Australia and New Zealand.
Fund Strategy
The Investment Manager's strategy for the Fund is to invest in a high conviction portfolio of 15 to 30 small companies listed in Australia and New Zealand. The Fund will typically hold 5% to 15% of its capital in cash, depending on the Investment Manager's opinion of the prevailing opportunity set, and may hold up to 10% of its capital in unlisted companies expected to IPO within 12 months.

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 3.04% 12.5% 18.25% 32.71% 6.28% -1.66% 7.81% -%
Growth return 3.04% 12.5% 18.25% 32.71% 0.78% -7.28% 1.37% -%
Income return 0% 0% 0% 0% 5.5% 5.62% 6.44% -%
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

Lakehouse Small Companies Fund
Australian Equities
90.33%
Cash
9.67%
International Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
90.58%
Cash
4.49%
International Equities
2.63%
Property
2.02%
Fixed Interest
0.25%
Alternatives
0.03%

General Information

Fund Details
Type Description
Lakehouse Small Companies Fund
Equity Trustees Ltd
OMF6696AU
Equity Australia Mid/Small Growth
starstar (as at 31 Mar 2024)
Investment Fund
16 Nov 2016
$232.45 million (as at 19 Jul 2023)
$1.662 (as at 10 Apr 2024)
$1.6538 (as at 10 Apr 2024)
Open
Offer information
Type Description
Indirect Cost Ratio (ICR) 1.30% (as at 30 Jun 2022)
Performance fee (not included in ICR) 0
Minimum initial investment $100,000
Minimum redemption amount $1,000.00

Top 10 holdings (as at 31 Dec 2020)

Holding (as at 31 Dec 2020) Type % of Portfolio
Netwealth Group Ltd Equity 9.75%
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FAQs about the Lakehouse Small Companies Fund

The objective of the Lakehouse Small Companies Fund managed fund is The Fund's investment objective is to outperform the S&P/ ASX Small Ordinaries Accumulation Index (Benchmark) over rolling five year periods (after fees and expenses but before taxes) by focusing on listed shares of smaller companies in Australia and New Zealand.

The strategy of the Lakehouse Small Companies Fund managed fund is The Investment Manager's strategy for the Fund is to invest in a high conviction portfolio of 15 to 30 small companies listed in Australia and New Zealand. The Fund will typically hold 5% to 15% of its capital in cash, depending on the Investment Manager's opinion of the prevailing opportunity set, and may hold up to 10% of its capital in unlisted companies expected to IPO within 12 months.

The APIR code of the Lakehouse Small Companies Fund managed fund is OMF6696AU.

Lakehouse Small Companies Fund’s total return last month was 3.04%. This was made up of a growth return of 3.04% and an income return of 0%. These returns were calculated as at 31 Mar 2024.

Lakehouse Small Companies Fund’s total return for the last three months was 12.5%. This was made up of a growth return of 12.5% and an income return of 0%%. These returns were calculated as at 31 Mar 2024.

Lakehouse Small Companies Fund’s one-year total return is 32.71%. This was made up of a growth return of 32.71% and an income return of 0%. These returns were calculated as at 31 Mar 2024.

Lakehouse Small Companies Fund’s one-year total return is -1.66%. This was made up of a growth return of -7.28% and an income return of 5.62%. These returns were calculated as at 31 Mar 2024.

The asset allocation of the Lakehouse Small Companies Fund managed fund is :

Australian Equities
90.33%
Cash
9.67%
International Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Lakehouse Small Companies Fund managed fund is Equity Trustees Ltd.

The Lakehouse Small Companies Fund managed fund belongs to the Equity Australia Mid/Small Growth sector/asset class.

As at 19 Jul 2023, the size of the Lakehouse Small Companies Fund managed fund was $232.45 million.

The Lakehouse Small Companies Fund managed fund has an inception date of 16 Nov 2016.

The current entry price of the Lakehouse Small Companies Fund managed fund is $1.662 per unit and the current exit price is $1.6538 per unit (as at 10 Apr 2024).

The current exit price of the Lakehouse Small Companies Fund managed fund is $1.6538 per unit and the current entry price is $1.662 per unit (as at 10 Apr 2024).

The minimum initial investment amount for the Lakehouse Small Companies Fund managed fund is $100,000.

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.