Montgomery Small Companies - Managed Fund

Fund Objective

Montgomery Lucent's investment philosophy is guided by fundamental research and analysis. Small market capitalisation companies are relatively under-researched and when markets misprice securities, this creates investment opportunities. Montgomery Lucent is seeking to build a portfolio of 30 to 50 high quality, undervalued small and emerging companies with strong growth potential. We are searching for companies likely to benefit from secular trends, industry change and with substantial competitive advantages.

Fund Strategy

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	-4.06%	-4.53%	-3.39%	12.47%	11.48%	13.46%	6.61%	-%
Growth return	-1.05%	-4.31%	12.57%	17.38%	14.68%	15.14%	5.53%	-%
Income return	-3.01%	-0.22%	-15.96%	-4.91%	-3.2%	-1.68%	1.08%	-%
Market index (S&P/ASX Small Ordinaries TR AUD)
Total return	-2.57%	1.53%	5.42%	23.05%	14.92%	12.51%	6.6%	9.12%

As at 28 Feb 2026. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Montgomery Small Companies

Australian Equities: 92%

Cash: 8%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 91.87%

Cash: 3.88%

International Equities: 3.40%

Property & Infrastructure: 0.14%

Fixed Interest: 0%

Alternatives: 0.71%

General Information

Fund Details

Type	Description
Fund Name	Montgomery Small Companies
APIR Code	FHT3726AU
Sector/Asset Class	Equity Australia Mid/Small Blend
Morningstar Rating	(as at 28 Feb 2026)
Legal Structure	Investment Fund
Fund Inception	20 Sep 2019
Fund Size	$233.31 million (as at 24 Mar 2026)
Entry Price	$1.3566 (as at 24 Mar 2026)
Exit Price	$1.3484 (as at 24 Mar 2026)
Fund Status	Open

Offer information

Type	Description
MER	2.86% (as at 18 Sep 2024)
Indirect Cost Ratio (ICR)	1.11% (as at 30 Jun 2024)
Minimum initial investment	$25,000
Minimum additional investments	$5,000.00

Top 10 holdings (as at 30 Nov 2025)

Holding (as at 30 Nov 2025)	Type	% of Portfolio
Zip Co Ltd		6.20%
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FAQs about the Montgomery Small Companies

What is the objective of the Montgomery Small Companies managed fund?

The objective of the Montgomery Small Companies managed fund is Montgomery Lucent's investment philosophy is guided by fundamental research and analysis. Small market capitalisation companies are relatively under-researched and when markets misprice securities, this creates investment opportunities. Montgomery Lucent is seeking to build a portfolio of 30 to 50 high quality, undervalued small and emerging companies with strong growth potential. We are searching for companies likely to benefit from secular trends, industry change and with substantial competitive advantages.

What is the strategy for the Montgomery Small Companies managed fund?

The strategy of the Montgomery Small Companies managed fund is Montgomery Lucent's investment philosophy is guided by fundamental research and analysis. Small market capitalisation companies are relatively under-researched and when markets misprice securities, this creates investment opportunities. Montgomery Lucent is seeking to build a portfolio of 30 to 50 high quality, undervalued small and emerging companies with strong growth potential. We are searching for companies likely to benefit from secular trends, industry change and with substantial competitive advantages.

What is the APIR code of the Montgomery Small Companies managed fund?

The APIR code of the Montgomery Small Companies managed fund is FHT3726AU.

What was Montgomery Small Companies’s total return last month?

Montgomery Small Companies’s total return last month was -4.06%. This was made up of a growth return of -1.05% and an income return of -3.01%. These returns were calculated as at 28 Feb 2026.

What was Montgomery Small Companies’s total return for the last three months?

Montgomery Small Companies’s total return for the last three months was -4.53%. This was made up of a growth return of -4.31% and an income return of -0.22%%. These returns were calculated as at 28 Feb 2026.

What is Montgomery Small Companies’s one-year total return?

Montgomery Small Companies’s one-year total return is 12.47%. This was made up of a growth return of 17.38% and an income return of -4.91%. These returns were calculated as at 28 Feb 2026.

What is Montgomery Small Companies’s three-year total return?

Montgomery Small Companies’s one-year total return is 13.46%. This was made up of a growth return of 15.14% and an income return of -1.68%. These returns were calculated as at 28 Feb 2026.

What is the asset allocation of the Montgomery Small Companies managed fund?

The asset allocation of the Montgomery Small Companies managed fund is :

Australian Equities: 92%

Cash: 8%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

What sector/asset class does the Montgomery Small Companies managed fund belong to?

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

What is the size of the Montgomery Small Companies managed fund?

As at 24 Mar 2026, the size of the Montgomery Small Companies managed fund was $233.31 million.

What is the inception date of the Montgomery Small Companies managed fund?

The Montgomery Small Companies managed fund has an inception date of 20 Sep 2019.

What is the current entry price of the Montgomery Small Companies managed fund?

The current entry price of the Montgomery Small Companies managed fund is $1.3566 per unit and the current exit price is $1.3484 per unit (as at 24 Mar 2026).

What is the current exit price of the Montgomery Small Companies managed fund?

The current exit price of the Montgomery Small Companies managed fund is $1.3484 per unit and the current entry price is $1.3566 per unit (as at 24 Mar 2026).

What is the minimum investment amount for the Montgomery Small Companies managed fund?

The minimum initial investment amount for the Montgomery Small Companies 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.

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