InvestSMART

LIB - Ironbark Rennaissance Australian Small Companies - Managed Fund

Fund Objective
Karara Capital is an active investment manager whose approach to Australian equities is built on the belief that original, forward looking research can identify underappreciated companies. Karara Capital’s approach emphasises the development of insights into a company’s longer term prospects. They look to consider all factors which they believe are relevant and carefully assess whether this view is reflected in the market place.
Fund Strategy
Karara Capital is an active investment manager whose approach to Australian equities is built on the belief that original, forward looking research can identify underappreciated companies. Karara Capital’s approach emphasises the development of insights into a company’s longer term prospects. They look to consider all factors which they believe are relevant and carefully assess whether this view is reflected in the market place.
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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 -3.7% -2.32% 1.03% -1% 6.79% 8.84% 2.29% -%
Growth return -3.57% -1.93% 1.85% 0.28% 7.47% 9.31% 2.56% -%
Income return -0.13% -0.39% -0.82% -1.28% -0.68% -0.47% -0.27% -%
Market index (S&P/ASX Small Ordinaries TR AUD)
Total return -2.34% -0.53% 2.77% -6.74% 6.45% 10.41% 2.18% 6.1%
As at 30 Sep 2026. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

No asset allocation data available.

General Information

Fund Details
Type Description
LIB - Ironbark Rennaissance Australian Small Companies
Australian Unity Limited
LIF9823AU
Equity Australia Mid/Small Blend
Not Rated (as at 30 Sep 2026)
Investment Fund
21 May 2018
$3.59 million (as at 31 Aug 2026)
$1.27623 (as at 30 Sep 2026)
$1.27623 (as at 30 Sep 2026)
Open
Offer information
Type Description
MER 1.20% (as at 17 Apr 2026)
Indirect Cost Ratio (ICR) - Estimated 1.62% (as at 30 Jun 2025) (Estimated)
Minimum initial investment $1,000.00
Minimum additional investments $100.00

Top 10 holdings (as at 31 May 2026)

Holding (as at 31 May 2026) Type % of Portfolio
AUB Group Ltd 3.83%
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FAQs about the LIB - Ironbark Rennaissance Australian Small Companies

The objective of the LIB - Ironbark Rennaissance Australian Small Companies managed fund is Karara Capital is an active investment manager whose approach to Australian equities is built on the belief that original, forward looking research can identify underappreciated companies. Karara Capital’s approach emphasises the development of insights into a company’s longer term prospects. They look to consider all factors which they believe are relevant and carefully assess whether this view is reflected in the market place.

The strategy of the LIB - Ironbark Rennaissance Australian Small Companies managed fund is Karara Capital is an active investment manager whose approach to Australian equities is built on the belief that original, forward looking research can identify underappreciated companies. Karara Capital’s approach emphasises the development of insights into a company’s longer term prospects. They look to consider all factors which they believe are relevant and carefully assess whether this view is reflected in the market place.

The APIR code of the LIB - Ironbark Rennaissance Australian Small Companies managed fund is LIF9823AU.

LIB - Ironbark Rennaissance Australian Small Companies’s total return last month was -3.7%. This was made up of a growth return of -3.57% and an income return of -0.13%. These returns were calculated as at 30 Sep 2026.

LIB - Ironbark Rennaissance Australian Small Companies’s total return for the last three months was -2.32%. This was made up of a growth return of -1.93% and an income return of -0.39%%. These returns were calculated as at 30 Sep 2026.

LIB - Ironbark Rennaissance Australian Small Companies’s one-year total return is -1%. This was made up of a growth return of 0.28% and an income return of -1.28%. These returns were calculated as at 30 Sep 2026.

LIB - Ironbark Rennaissance Australian Small Companies’s one-year total return is 8.84%. This was made up of a growth return of 9.31% and an income return of -0.47%. These returns were calculated as at 30 Sep 2026.

The asset allocation of the LIB - Ironbark Rennaissance Australian Small Companies managed fund is :

Australian Equities
100%
International Equities
0%
Cash
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the LIB - Ironbark Rennaissance Australian Small Companies managed fund is Australian Unity Limited.

The LIB - Ironbark Rennaissance Australian Small Companies managed fund belongs to the Equity Australia Mid/Small Blend sector/asset class.

As at 31 Aug 2026, the size of the LIB - Ironbark Rennaissance Australian Small Companies managed fund was $3.59 million.

The LIB - Ironbark Rennaissance Australian Small Companies managed fund has an inception date of 21 May 2018.

The current entry price of the LIB - Ironbark Rennaissance Australian Small Companies managed fund is $1.27623 per unit and the current exit price is $1.27623 per unit (as at 30 Sep 2026).

The current exit price of the LIB - Ironbark Rennaissance Australian Small Companies managed fund is $1.27623 per unit and the current entry price is $1.27623 per unit (as at 30 Sep 2026).

The minimum initial investment amount for the LIB - Ironbark Rennaissance Australian Small Companies managed fund is $1,000. Minimum additional investment is $100.

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.