Milford Dynamic Small Companies Fund - Managed Fund

Fund Objective

The Fund targets outperformance of the S&P/ASX Small Ordinaries (TR) Index over a rolling five-year period (net of fees).

Fund Strategy

The Fund aims to achieve its objective by investing primarily in small to mid-cap listed or soon to be listed Australian equities. Derivatives may be used for efficient portfolio management and for foreign currency hedging.

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	-0.6%	4.77%	17.81%	21.1%	22.58%	16.7%	11.95%	-%
Growth return	-0.6%	4.77%	11.69%	14.04%	14.99%	8.89%	5.64%	-%
Income return	0%	0%	6.12%	7.06%	7.59%	7.81%	6.31%	-%
Market index (S&P/ASX Small Ordinaries TR AUD)
Total return	-1.48%	3.84%	16.73%	19.43%	19.65%	11.49%	7.13%	8.9%

As at 30 Nov 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Milford Dynamic Small Companies Fund

Australian Equities: 89.60%

Cash: 10.40%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 91.08%

Cash: 4.01%

International Equities: 4.08%

Property & Infrastructure: 0.22%

Fixed Interest: 0%

Alternatives: 0.61%

General Information

Fund Details

Type	Description
Fund Name	Milford Dynamic Small Companies Fund
Responsible Entity	Equity Trustees Ltd
APIR Code	ETL6978AU
Sector/Asset Class	Equity Australia Mid/Small Blend
Morningstar Rating	(as at 31 Oct 2025)
Legal Structure	Investment Fund
Fund Inception	1 Oct 2019
Fund Size	$211.79 million (as at 1 Dec 2025)
Entry Price	$1.5092 (as at 4 Dec 2025)
Exit Price	$1.5002 (as at 4 Dec 2025)
Fund Status	Open

Offer information

Type	Description
MER	2.84% (as at 4 Apr 2025)
Indirect Cost Ratio (ICR)	1.32% (as at 30 Jun 2025)
Performance fee (not included in ICR)	0.09
Minimum initial investment	$20,000

Top 10 holdings (as at 30 Nov 2025)

Holding (as at 30 Nov 2025)	Type	% of Portfolio
Regis Healthcare Ltd	Equity	3.14%
Login now to view the complete list of holdings.

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FAQs about the Milford Dynamic Small Companies Fund

What is the objective of the Milford Dynamic Small Companies Fund managed fund?

The objective of the Milford Dynamic Small Companies Fund managed fund is The Fund targets outperformance of the S&P/ASX Small Ordinaries (TR) Index over a rolling five-year period (net of fees).

What is the strategy for the Milford Dynamic Small Companies Fund managed fund?

The strategy of the Milford Dynamic Small Companies Fund managed fund is The Fund aims to achieve its objective by investing primarily in small to mid-cap listed or soon to be listed Australian equities. Derivatives may be used for efficient portfolio management and for foreign currency hedging.

What is the APIR code of the Milford Dynamic Small Companies Fund managed fund?

The APIR code of the Milford Dynamic Small Companies Fund managed fund is ETL6978AU.

What was Milford Dynamic Small Companies Fund’s total return last month?

Milford Dynamic Small Companies Fund’s total return last month was -0.6%. This was made up of a growth return of -0.6% and an income return of 0%. These returns were calculated as at 30 Nov 2025.

What was Milford Dynamic Small Companies Fund’s total return for the last three months?

Milford Dynamic Small Companies Fund’s total return for the last three months was 4.77%. This was made up of a growth return of 4.77% and an income return of 0%%. These returns were calculated as at 30 Nov 2025.

What is Milford Dynamic Small Companies Fund’s one-year total return?

Milford Dynamic Small Companies Fund’s one-year total return is 21.1%. This was made up of a growth return of 14.04% and an income return of 7.06%. These returns were calculated as at 30 Nov 2025.

What is Milford Dynamic Small Companies Fund’s three-year total return?

Milford Dynamic Small Companies Fund’s one-year total return is 16.7%. This was made up of a growth return of 8.89% and an income return of 7.81%. These returns were calculated as at 30 Nov 2025.

What is the asset allocation of the Milford Dynamic Small Companies Fund managed fund?

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

Australian Equities: 89.60%

Cash: 10.40%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the Milford Dynamic Small Companies Fund managed fund?

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

What sector/asset class does the Milford Dynamic Small Companies Fund managed fund belong to?

The Milford Dynamic Small Companies Fund managed fund belongs to the Equity Australia Mid/Small Blend sector/asset class.

What is the size of the Milford Dynamic Small Companies Fund managed fund?

As at 1 Dec 2025, the size of the Milford Dynamic Small Companies Fund managed fund was $211.79 million.

What is the inception date of the Milford Dynamic Small Companies Fund managed fund?

The Milford Dynamic Small Companies Fund managed fund has an inception date of 1 Oct 2019.

What is the current entry price of the Milford Dynamic Small Companies Fund managed fund?

The current entry price of the Milford Dynamic Small Companies Fund managed fund is $1.5092 per unit and the current exit price is $1.5002 per unit (as at 4 Dec 2025).

What is the current exit price of the Milford Dynamic Small Companies Fund managed fund?

The current exit price of the Milford Dynamic Small Companies Fund managed fund is $1.5002 per unit and the current entry price is $1.5092 per unit (as at 4 Dec 2025).

What is the minimum investment amount for the Milford Dynamic Small Companies Fund managed fund?

The minimum initial investment amount for the Milford Dynamic Small Companies Fund managed fund is $20,000.

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.

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