InvestSMART

Pendal MicroCap Opportunities - Managed Fund

Fund Objective
The Fund is actively managed and invests primarily in a portfolio of 40-60 Australian companies with market capitalisation or free float of generally less than $250 million at initial investment that we believe are trading below their assessed valuation. The Fund may also invest in equivalent companies listed on the New Zealand Stock Exchange.
Fund Strategy
The Fund is actively managed and invests primarily in a portfolio of 40-60 Australian companies with market capitalisation or free float of generally less than $250 million at initial investment that we believe are trading below their assessed valuation. The Fund may also invest in equivalent companies listed on the New Zealand Stock Exchange.
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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 -0.1% 1.96% 10.41% 1.66% 14.92% 20.64% 8.05% 13.19%
Growth return 0.17% 2.8% 12.17% 4.12% 11.94% 17.77% 3.53% 5.23%
Income return -0.27% -0.84% -1.76% -2.46% 2.98% 2.87% 4.52% 7.96%
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

Pendal MicroCap Opportunities
Australian Equities
97.10%
Cash
2.90%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
91.43%
Cash
3.78%
International Equities
3.93%
Property & Infrastructure
0.16%
Fixed Interest
0%
Alternatives
0.70%

General Information

Fund Details
Type Description
Pendal MicroCap Opportunities
BT Investment Management Ltd
RFA0061AU
Equity Australia Mid/Small Blend
starstarstarstarstar (as at 30 Sep 2026)
Investment Fund
1 Mar 2006
$421.8 million (as at 30 Sep 2026)
$4.0131 (as at 21 Oct 2026)
$3.9691 (as at 21 Oct 2026)
Open
Offer information
Type Description
MER 3.30% (as at 20 May 2026)
Indirect Cost Ratio (ICR) - Estimated 3.13% (as at 30 Jun 2025) (Estimated)
Performance fee (included in ICR) 1.93
Minimum initial investment $25,000
Minimum additional investments
Minimum redemption amount

Top 10 holdings (as at 30 Sep 2026)

Holding (as at 30 Sep 2026) Type % of Portfolio
Southern Cross Electrical Engineering Ltd 4.45%
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FAQs about the Pendal MicroCap Opportunities

The objective of the Pendal MicroCap Opportunities managed fund is The Fund is actively managed and invests primarily in a portfolio of 40-60 Australian companies with market capitalisation or free float of generally less than $250 million at initial investment that we believe are trading below their assessed valuation. The Fund may also invest in equivalent companies listed on the New Zealand Stock Exchange.

The strategy of the Pendal MicroCap Opportunities managed fund is The Fund is actively managed and invests primarily in a portfolio of 40-60 Australian companies with market capitalisation or free float of generally less than $250 million at initial investment that we believe are trading below their assessed valuation. The Fund may also invest in equivalent companies listed on the New Zealand Stock Exchange.

The APIR code of the Pendal MicroCap Opportunities managed fund is RFA0061AU.

Pendal MicroCap Opportunities’s total return last month was -0.1%. This was made up of a growth return of 0.17% and an income return of -0.27%. These returns were calculated as at 30 Sep 2026.

Pendal MicroCap Opportunities’s total return for the last three months was 1.96%. This was made up of a growth return of 2.8% and an income return of -0.84%%. These returns were calculated as at 30 Sep 2026.

Pendal MicroCap Opportunities’s one-year total return is 1.66%. This was made up of a growth return of 4.12% and an income return of -2.46%. These returns were calculated as at 30 Sep 2026.

Pendal MicroCap Opportunities’s one-year total return is 20.64%. This was made up of a growth return of 17.77% and an income return of 2.87%. These returns were calculated as at 30 Sep 2026.

The asset allocation of the Pendal MicroCap Opportunities managed fund is :

Australian Equities
97.10%
Cash
2.90%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Pendal MicroCap Opportunities managed fund is BT Investment Management Ltd.

The Pendal MicroCap Opportunities managed fund belongs to the Equity Australia Mid/Small Blend sector/asset class.

As at 30 Sep 2026, the size of the Pendal MicroCap Opportunities managed fund was $421.8 million.

The Pendal MicroCap Opportunities managed fund has an inception date of 1 Mar 2006.

The current entry price of the Pendal MicroCap Opportunities managed fund is $4.0131 per unit and the current exit price is $3.9691 per unit (as at 21 Oct 2026).

The current exit price of the Pendal MicroCap Opportunities managed fund is $3.9691 per unit and the current entry price is $4.0131 per unit (as at 21 Oct 2026).

The minimum initial investment amount for the Pendal MicroCap Opportunities managed fund is $25,000. Minimum additional investment is $0.

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.