This price includes the buy spread but excludes contribution fees
This price includes the sell spread
Smallco Broadcap Fund (SBF)
SBF is a concentrated Australian Equities fund that provides a broader exposure to the Australian equity market than SIF.
The target return for SBF is 5% pa above the S&P/ASX 300 Accumulation Index after fees on a rolling 3 year basis.
Smallco manages SBF in a style neutral manner, employing a mix of both bottom up and top down analysis with a strong focus on earnings direction and risks.
Smallco aims to deliver good medium term returns in SBF through overlaying a substantial core of reasonably priced quality long term growth stocks with, when they can be found, attractive value ideas where we believe a re-rating trigger is likely within 6-12 months. The re-rating trigger is crucial as SBF does not invest in “cheap” stocks just because they appear to be “value”.
We are strong believers that earnings are the key driver of share prices and that more accurate forecasting of earnings will drive greater and more consistent outperformance.
Focus is placed on identifying stocks through fundamental analysis which are likely to exceed consensus earnings expectations or stocks which are out of favour and we are confident will at least meet earnings expectations.
SBF can invest up to 40% in companies with a market capitalisation of less than $1bn and will genuinely deviate significantly from the index when appropriate opportunities are found. Stock weightings are determined by our assessment of the quality of the stock, the likely investment outcome and risk of a sustained capital loss. This is not another concentrated fund whose top 10 holdings are drawn almost entirely from the ASX 20 or 50.