Australian Small Companies Select Fund (managed fund)
Overview
Notice: Changes to the Fund’s features from 10 January 2025
Betashares, as the responsible entity, has decided to make certain changes to the Fund that we believe will benefit investors. The changes relate to the Fund's name, investment objective and strategy, market making arrangements and fees.
These changes will take effect following the close of ASX trading on 10 January 2025. For more information regarding the changes, please refer to the ASX announcement.
Fund objective
SMLL aims to outperform the S&P/ASX Small Ordinaries Accumulation Index over the medium to long term (after fees and expenses) by investing in a portfolio of high quality, profitable small companies.
Fund Strategy
SMLL's portfolio is constructed using various screens aiming to identify companies with positive earnings and a strong ability to service debt. Relative valuation metrics, price momentum and liquidity are also evaluated as part of the stock selection process. The Fund does not aim to track an index.
Benefits
Smart small-cap strategy
SMLL provides access to a tailored portfolio of small-cap Australian companies, removing those companies which may be a drag on long term performance.
Portfolio diversification
SMLL offers diversified exposure to the smaller end of the sharemarket, and therefore specifically excludes larger stocks to which many investors are already exposed.
Cost-effective
Management fee is significantly lower than most actively managed funds that invest in small cap Australian companies.
Invest in SMLL with Betashares Direct
Key facts
Profile
| Units outstanding* (#) | 26,023,853 |
|---|---|
| Management fee and cost** (p.a.) | 0.39% |
| Distribution frequency | Semi-annual |
| Distribution reinvestment plan (DRP) | Full or partial participation available |
| Issuer | Betashares Capital |
| Registry | Link Market Services |
* As at 27 December 2024
**Certain additional costs apply, including a fee of 15.5% of outperformance above a benchmark.
Pricing information
| Current price | |
|---|---|
| Last trade* | |
| % Change (prev day) | |
| Bid (delayed) | |
| Offer (delayed) | |
| NAV | * As at 27 December 2024 |
| NAV/Unit* | $3.62 |
| iNAV (live)** | |
|
* Data is delayed by at least 20 minutes.
** As at 19 December 2023 10:17 AM |
|
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
Trading information
| ASX code | SMLL |
|---|---|
| Bloomberg code | SMLL AU |
| IRESS code | SMLL.AXW |
| iNAV IRESS code | SMLLINAV.ETF |
| Market makers | Citigroup Global Markets |
Index information
| Index | N/A |
|---|---|
| Index provider | N/A |
| Index ticker | N/A |
| Bloomberg index ticker | N/A |
Performance
Fund returns after fees (%)
| Fund | S&P/ASX Accum. Small Cap Index | |
|---|---|---|
| 1 month | 0.08% | 1.32% |
| 3 months | 0.80% | 7.29% |
| 6 months | 5.67% | 7.28% |
| 1 year | 14.50% | 19.88% |
| 3 year p.a. | -0.38% | -0.08% |
| 5 year p.a. | 5.50% | 4.60% |
| 10 year p.a. | - | - |
| Since inception (p.a.) | 6.63% | 6.66% |
| Inception date | 7-Apr-17 | - |
Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.
Sector allocation
| Materials | 27.2% |
|---|---|
| Consumer Discretionary | 24.6% |
| Industrials | 13.6% |
| Financials | 8.8% |
| Real Estate | 7.2% |
| Energy | 7.2% |
| Consumer Staples | 6.0% |
| Health Care | 3.3% |
| Communication Services | 1.6% |
| Other | 0.6% |
* As of 29 November 2024
Distributions
Frequency and yield
| Distribution frequency | Semi-Annual |
|---|---|
| 12 mth distribution yield* | 3.0% |
| 12 mth gross distribution yield* | 4.0% |
| Franking level | 77.1% |
*As at 29 November 2024. Yield is calculated by summing the prior 12-month per unit distributions divided by the closing NAV per unit at the end of the relevant period. Yield will vary and may be lower at time of investment. Franking level is total franking level over the last 12 months. Past performance is not indicative of future performance.
You can elect DRP by logging into Link’s Investor Centre. Once you are logged in, please proceed to the 'Payments and Tax' tab and select 'Reinvestment Plans'.
Recent distributions
| Ex Date | Record Date | Payment Date | Distribution Unit ($) | Annual Distribution Return (%) (1) |
|---|---|---|---|---|
| 1-Jul-24 | 2-Jul-24 | 16-Jul-24 | $0.048391 | 3.38% |
| 2-Jan-24 | 3-Jan-24 | 17-Jan-24 | $0.062331 | 3.83% |
| 3-Jul-23 | 4-Jul-23 | 18-Jul-23 | $0.059869 | 4.12% |
| 3-Jan-23 | 4-Jan-23 | 18-Jan-23 | $0.071418 | 4.87% |
| 1-Jul-22 | 4-Jul-22 | 18-Jul-22 | $0.134859 | 4.28% |
| 4-Jan-22 | 5-Jan-22 | 19-Jan-22 | $0.048225 | 7.40% |
| 1-Jul-21 | 2-Jul-21 | 16-Jul-21 | $0.219692 | 7.52% |
| 4-Jan-21 | 5-Jan-21 | 19-Jan-21 | $0.034863 | 2.62% |
| 1-Jul-20 | 2-Jul-20 | 16-Jul-20 | $0.037626 | 2.40% |
| 2-Jan-20 | 3-Jan-20 | 17-Jan-20 | $0.046016 | 3.03% |
| 1-Jul-19 | 2-Jul-19 | 16-Jul-19 | $0.039371 | 6.34% |
| 2-Jan-19 | 3-Jan-19 | 17-Jan-19 | $0.042225 | 5.54% |
| 2-Jul-18 | 3-Jul-18 | 17-Jul-18 | $0.124421 | 5.52% |
1 This is the annual distribution return to the end of the relevant distribution date. The distribution return reflects the contribution to total investment return made by the Fund's distributions. Distribution return is calculated as the total return less the growth return. Total return is calculated as the percentage change in a continuing investor's interest in the Fund assuming reinvestment of all distributions back into the Fund (and no other application or withdrawal), net of ongoing fees. Growth return is the Fund's return excluding distributions, net of ongoing fees. Past performance is not indicative of future performance.