InvestSMART

Microequities Global Value Microcap - Managed Fund

Fund Objective
The fund follows a high conviction, concentrated strategy, typically investing in between 30-40 companies. The fund can invest up to 20% in any one company. The fund may also invest in companies outside of the microcap asset class (i.e. Those companies with a market capitalisation of more than US$300m) but this will be limited to no more than 40% of assets of the fund. The fund is unhedged, does not short sell securities, hold any financial debt instruments or speculate in derivative instruments.
Fund Strategy
The fund follows a high conviction, concentrated strategy, typically investing in between 30-40 companies. The fund can invest up to 20% in any one company. The fund may also invest in companies outside of the microcap asset class (i.e. Those companies with a market capitalisation of more than US$300m) but this will be limited to no more than 40% of assets of the fund. The fund is unhedged, does not short sell securities, hold any financial debt instruments or speculate in derivative instruments.

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 -2.62% -3.09% -4.75% 0.01% 8.09% 11.42% 6.09% 9.24%
Growth return -2.47% -2.95% -4.61% -5.66% 2.44% 2.77% 0.89% 4.76%
Income return -0.15% -0.14% -0.14% 5.67% 5.65% 8.65% 5.2% 4.48%
Market index (MSCI World Small Cap NR AUD)
Total return 0.59% 1.37% 7.1% 9.02% 15.31% 13.44% 9.86% 11.02%
As at 31 Jan 2026. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Microequities Global Value Microcap
Australian Equities
3.20%
International Equities
93.60%
Cash
3.20%
Property & Infrastructure
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
7.86%
International Equities
86.59%
Cash
2.82%
Property & Infrastructure
0.17%
Alternatives
2.56%

General Information

Fund Details
Type Description
Microequities Global Value Microcap
Microequities Asset Management Pty Ltd
MIC0003AU
Equity World Mid/Small
starstar (as at 31 Jan 2026)
Investment Fund
1 Dec 2015
$64610525 million (as at 31 Dec 2025)
$1.5628 (as at 31 Jan 2026)
$1.5504 (as at 31 Jan 2026)
Open
Offer information
Type Description
MER 1.80% (as at 1 May 2024)
Indirect Cost Ratio (ICR) 1.80% (as at 30 Jun 2025)
Minimum initial investment $100,000
Minimum additional investments $20,000
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FAQs about the Microequities Global Value Microcap

The objective of the Microequities Global Value Microcap managed fund is The fund follows a high conviction, concentrated strategy, typically investing in between 30-40 companies. The fund can invest up to 20% in any one company. The fund may also invest in companies outside of the microcap asset class (i.e. Those companies with a market capitalisation of more than US$300m) but this will be limited to no more than 40% of assets of the fund. The fund is unhedged, does not short sell securities, hold any financial debt instruments or speculate in derivative instruments.

The strategy of the Microequities Global Value Microcap managed fund is The fund follows a high conviction, concentrated strategy, typically investing in between 30-40 companies. The fund can invest up to 20% in any one company. The fund may also invest in companies outside of the microcap asset class (i.e. Those companies with a market capitalisation of more than US$300m) but this will be limited to no more than 40% of assets of the fund. The fund is unhedged, does not short sell securities, hold any financial debt instruments or speculate in derivative instruments.

The APIR code of the Microequities Global Value Microcap managed fund is MIC0003AU.

Microequities Global Value Microcap’s total return last month was -2.62%. This was made up of a growth return of -2.47% and an income return of -0.15%. These returns were calculated as at 31 Jan 2026.

Microequities Global Value Microcap’s total return for the last three months was -3.09%. This was made up of a growth return of -2.95% and an income return of -0.14%%. These returns were calculated as at 31 Jan 2026.

Microequities Global Value Microcap’s one-year total return is 0.01%. This was made up of a growth return of -5.66% and an income return of 5.67%. These returns were calculated as at 31 Jan 2026.

Microequities Global Value Microcap’s one-year total return is 11.42%. This was made up of a growth return of 2.77% and an income return of 8.65%. These returns were calculated as at 31 Jan 2026.

The asset allocation of the Microequities Global Value Microcap managed fund is :

Australian Equities
3.20%
International Equities
93.60%
Cash
3.20%
Property & Infrastructure
0%
Alternatives
0%

The Responsible Entity for the Microequities Global Value Microcap managed fund is Microequities Asset Management Pty Ltd.

The Microequities Global Value Microcap managed fund belongs to the Equity World Mid/Small sector/asset class.

As at 31 Dec 2025, the size of the Microequities Global Value Microcap managed fund was $64610525 million.

The Microequities Global Value Microcap managed fund has an inception date of 1 Dec 2015.

The current entry price of the Microequities Global Value Microcap managed fund is $1.5628 per unit and the current exit price is $1.5504 per unit (as at 31 Jan 2026).

The current exit price of the Microequities Global Value Microcap managed fund is $1.5504 per unit and the current entry price is $1.5628 per unit (as at 31 Jan 2026).

The minimum initial investment amount for the Microequities Global Value Microcap managed fund is $100,000. Minimum additional investment is $20000.

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.