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  5. Spheria Australian Microcap - Managed fund profile

Spheria Australian Microcap - Managed Fund

Fund Objective
The Fund aims to outperform the S&P/ASX Small Ordinaries Accumulation Index over the medium to long term.
Fund Strategy
Spheria is a fundamental based investment manager with a bottom-up focus, specialising in smaller companies. Spheria's investment philosophy is to purchase securities where the present value of future free cash flows can be reasonably ascertained, and the security is trading at a discount to the calculated intrinsic value, subject to certain risk criteria.

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 4.27% 2.72% 19.15% 25.06% 7.61% 16.5% 17.13% -%
Growth return 4.27% 2.72% 19.15% 19.47% -2.56% 8.4% 9.78% -%
Income return 0% 0% 0% 5.59% 10.17% 8.1% 7.35% -%
Market index (S&P/ASX Small Ordinaries TR AUD)
Total return 4.79% 7.55% 16.71% 13.83% -0.6% 2.72% -% 6.69%
As at 31 Mar 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Spheria Australian Microcap
Australian Equities
93.05%
International Equities
3.53%
Cash
3.43%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
90.74%
International Equities
2.44%
Cash
4.55%
Property
1.98%
Fixed Interest
0.25%
Alternatives
0.03%

General Information

Fund Details
Type Description
Spheria Australian Microcap
Pinnacle Fund Services Limited
WHT0066AU
Equity Australia Mid/Small Blend
starstarstarstarstar (as at 31 Mar 2024)
Investment Fund
16 May 2016
$169.41 million (as at 31 Mar 2024)
$1.8142 (as at 22 Apr 2024)
$1.7962 (as at 22 Apr 2024)
Open
Offer information
Type Description
Indirect Cost Ratio (ICR) 2.16% (as at 30 Jun 2023)
Performance fee (not included in ICR) 0.81
Minimum initial investment $25,000
Minimum additional investments $5,000.00
Minimum redemption amount $5,000.00

Top 10 holdings (as at 31 Mar 2024)

Holding (as at 31 Mar 2024) Type % of Portfolio
NZME Ltd Equity 4.69%
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FAQs about the Spheria Australian Microcap

The objective of the Spheria Australian Microcap managed fund is The Fund aims to outperform the S&P/ASX Small Ordinaries Accumulation Index over the medium to long term.

The strategy of the Spheria Australian Microcap managed fund is Spheria is a fundamental based investment manager with a bottom-up focus, specialising in smaller companies. Spheria's investment philosophy is to purchase securities where the present value of future free cash flows can be reasonably ascertained, and the security is trading at a discount to the calculated intrinsic value, subject to certain risk criteria.

The APIR code of the Spheria Australian Microcap managed fund is WHT0066AU.

Spheria Australian Microcap’s total return last month was 4.27%. This was made up of a growth return of 4.27% and an income return of 0%. These returns were calculated as at 31 Mar 2024.

Spheria Australian Microcap’s total return for the last three months was 2.72%. This was made up of a growth return of 2.72% and an income return of 0%%. These returns were calculated as at 31 Mar 2024.

Spheria Australian Microcap’s one-year total return is 25.06%. This was made up of a growth return of 19.47% and an income return of 5.59%. These returns were calculated as at 31 Mar 2024.

Spheria Australian Microcap’s one-year total return is 16.5%. This was made up of a growth return of 8.4% and an income return of 8.1%. These returns were calculated as at 31 Mar 2024.

The asset allocation of the Spheria Australian Microcap managed fund is :

Australian Equities
93.05%
International Equities
3.53%
Cash
3.43%
Property
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Spheria Australian Microcap managed fund is Pinnacle Fund Services Limited.

The Spheria Australian Microcap managed fund belongs to the Equity Australia Mid/Small Blend sector/asset class.

As at 31 Mar 2024, the size of the Spheria Australian Microcap managed fund was $169.41 million.

The Spheria Australian Microcap managed fund has an inception date of 16 May 2016.

The current entry price of the Spheria Australian Microcap managed fund is $1.8142 per unit and the current exit price is $1.7962 per unit (as at 22 Apr 2024).

The current exit price of the Spheria Australian Microcap managed fund is $1.7962 per unit and the current entry price is $1.8142 per unit (as at 22 Apr 2024).

The minimum initial investment amount for the Spheria Australian Microcap 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.