13Jun

Last unit price date

$2.3774

Entry Price
This price includes the buy spread

$2.3561

Exit Price
This price includes the sell spread

Returns as at 31 May 2024
SBF ASX 300 AI Out Perf.
1 month 0.6% 0.9% -0.3%
3 Month -1.4% 1.1% -2.5%
6 Month 17.1% 10.7% 6.4%
1 Year* 23.7% 12.8% 10.9%
3 Year* 10.6% 6.5% 4.1%
5 Year* 10.9% 7.8% 3.1%
7 Year* 12.3% 8.5% 3.8%
10 Year* 12.0% 7.8% 4.2%
Since Inception (31/07/2008)* 16.0% 7.2% 8.8%
*Returns annualised.
Returns calculated after all fees and expenses and based on exit price and reinvestment of distributions. Past performance is not a reliable guide as to future performance. Returns are not guaranteed.

SBF IS A CONCENTRATED AUSTRALIAN EQUITIES FUND THAT PROVIDES A BROADER EXPOSURE TO THE AUSTRALIAN EQUITY MARKET THAN SIF.

 

Investment Objective

SBF's aim is to outperform the S&P/ASX 300 Accumulation Index after fees on a rolling 5 year basis. 

 

Investment Style

Smallco believes that high quality businesses with long growth runways typically provide stronger returns over time and are less likely  to provide surprises that challenge a positive long term investment thesis.

Accordingly, SBF's portfolio is constructed around a large core of high quality companies that have significant structural growth opportunities. A small component of shorter term value ideas can be included when Smallco can identify such stocks that meet our requirements for earnings outlook and risk/reward.

Relative to the Index, the Fund's focus on quality growth businesses with forecastable earnings leads to it being heavily overweight industrial companies (particularly at the small & mid-cap end), underweight banks and heavily underweight resources.

 

Investment Universe

SBF provides exposure to a broad range of companies listed on the ASX, from some of the smallest through to some of the largest. The Fund has a significant bias to small and mid-capitalisation companies and can invest up to 40% of FUM into companies with a market capitalisation of less than $1bn. Accordingly, the Fund will always be heavily underweight the very largest companies on the ASX.

Given a primary focus on quality growth stocks with forecastable earnings, SBF very rarely invests in mining stocks other than the major miners, is very averse to loss making companies, and takes an extremely cautious approach to biotechs and structurally impaired industries.

 

RESEARCH RATINGS

Lonsec      Zenith Investment Partners