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THB International Micro Capital - Managed Fund

Fund Objective
THB intends to seek broadly diversified exposure to high quality global (ex-USA) micro cap companies with superior operating metrics through quantitative screens, fundamental analysis and THB's proprietary portfolio construction/risk management methodology.
Fund Strategy
THB uses a series of proprietary quantitative screening tools, developed over 10 years within their fundamental US Micro Cap strategy, to filter the international universe (which includes all common stock listed within these countries' primary exchanges) into an investable subset of securities. From this subset, THB creates a lower-risk and low turnover portfolio in the most inefficient and under-invested segment of the non-US equity market.

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 -3.77% 2.56% -2.86% -1.87% -8.06% -3.25% 4.71% -%
Growth return 0% 0% -3.73% -3.6% -1.37% -5.47% 2.27% -%
Income return -3.77% 2.56% 0.87% 1.73% -6.69% 2.22% 2.44% -%
Market index (MSCI World Small Cap NR AUD)
Total return 3.01% 11.44% 1.79% 9.96% 12.31% 12.36% 12.8% 9.17%
As at 31 Jan 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

No asset allocation data available.
Average Allocation of Peers
International Equities
93.64%
Australian Equities
4.23%
Cash
1.92%
Property & Infrastructure
0.20%
Alternatives
0%

General Information

Fund Details
Type Description
THB International Micro Capital
Equity Trustees Ltd
ETL3238AU
Equity World Mid/Small
star (as at 31 Jan 2024)
Investment Fund
23 Aug 2018
$2.73 million (as at 30 Jun 2023)
$0.3422 (as at 19 Jun 2024)
$0.3388 (as at 19 Jun 2024)
Finalised
Offer information
Type Description
MER 1.25% (as at 20 Feb 2024)
Indirect Cost Ratio (ICR) 1.25% (as at 30 Jun 2022)
Performance fee (not included in ICR) Not Available
Minimum initial investment $250,000
Minimum additional investments $25,000

Top 10 holdings (as at 31 Mar 2025)

Holding (as at 31 Mar 2025) Type % of Portfolio
Vanguard FTSE Developed Markets ETF Mutual Fund - ETF 2.14%
Login now to view the complete list of holdings.

FAQs about the THB International Micro Capital

The objective of the THB International Micro Capital managed fund is THB intends to seek broadly diversified exposure to high quality global (ex-USA) micro cap companies with superior operating metrics through quantitative screens, fundamental analysis and THB's proprietary portfolio construction/risk management methodology.

The strategy of the THB International Micro Capital managed fund is THB uses a series of proprietary quantitative screening tools, developed over 10 years within their fundamental US Micro Cap strategy, to filter the international universe (which includes all common stock listed within these countries' primary exchanges) into an investable subset of securities. From this subset, THB creates a lower-risk and low turnover portfolio in the most inefficient and under-invested segment of the non-US equity market.

The APIR code of the THB International Micro Capital managed fund is ETL3238AU.

THB International Micro Capital’s total return last month was -3.77%. This was made up of a growth return of 0% and an income return of -3.77%. These returns were calculated as at 31 Jan 2024.

THB International Micro Capital’s total return for the last three months was 2.56%. This was made up of a growth return of 0% and an income return of 2.56%%. These returns were calculated as at 31 Jan 2024.

THB International Micro Capital’s one-year total return is -1.87%. This was made up of a growth return of -3.6% and an income return of 1.73%. These returns were calculated as at 31 Jan 2024.

THB International Micro Capital’s one-year total return is -3.25%. This was made up of a growth return of -5.47% and an income return of 2.22%. These returns were calculated as at 31 Jan 2024.

The asset allocation of the THB International Micro Capital managed fund is :

International Equities
100%
Australian Equities
0%
Cash
0%
Property & Infrastructure
0%
Alternatives
0%

The Responsible Entity for the THB International Micro Capital managed fund is Equity Trustees Ltd.

The THB International Micro Capital managed fund belongs to the Equity World Mid/Small sector/asset class.

As at 30 Jun 2023, the size of the THB International Micro Capital managed fund was $2.73 million.

The THB International Micro Capital managed fund has an inception date of 23 Aug 2018.

The current entry price of the THB International Micro Capital managed fund is $0.3422 per unit and the current exit price is $0.3388 per unit (as at 19 Jun 2024).

The current exit price of the THB International Micro Capital managed fund is $0.3388 per unit and the current entry price is $0.3422 per unit (as at 19 Jun 2024).

The minimum initial investment amount for the THB International Micro Capital managed fund is $250,000. Minimum additional investment is $25000.

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.