SQM Research has awarded Ausbil’s MicroCap Fund a 4 star, “Superior” rating.
The 4-star ‘Superior’ rating indicates that the Fund is suitable for inclusion on most approved product lists, outperforms (or is likely to outperform) its peers and benchmark most of the time and has a management team of a very high calibre.
“The new MicroCap team is highly qualified and competent, integrating well into the overall Ausbil team and investment framework. A strong and long running track record of high achievement in risk and return outcomes appears to be continuing in the early days of the new teams’ management.”
The Fund is a concentrated portfolio of 40 to 50 stocks and invests outside of the Top 200 stocks listed on the ASX. Whereas the majority of microcap funds bias the ex 300 space, the Ausbil Fund biases the ex-200 space given it’s superior liquidity and quality characteristics. It is managed by Mason Willoughby-Thomas, Portfolio Manager and Arden Jennings, Co-Portfolio Manager.
To the end of February 2018, the Fund returned 26.5% per annum (net of fees) since inception in February 2010. During the last 12 months it returned 26.1% (net) versus 19.1% for the benchmark, the S&P/ASX Emerging Companies Accumulation Index.
“We have maintained a meaningful overweight to infrastructure and mining services companies. We’ve modestly pared back exposure to metals and mining but retain a positive view on the battery storage thematic. We’re cautious about domestic consumer stocks," commented Mason.
lnvestors may access the Fund directly via the Product Disclosure Statement (minimum investment is $20,000) or via their preferred platforms.
“Mason and Arden continue to demonstrate their expertise in this part of the market and we’re delighted that consultants and platforms are acknowledging this,” said Mark Knight, Head of Distribution.