Read the relevant PDS, TMD, as well as the additional information booklet, notice on the latest buy/sell spreads, and financial services guide before completing the application form. Refer to distribution details and fund performance.

Overview

The Fund aims to outperform (after management costs) the S&P/ASX Small Ordinaries Accumulation Index over rolling five year periods. The Portfolio Manager's overarching strategy is to identify those Microcap shares that are believed to be undervalued by the market, based on an assessment of the companies' future cash flows. Normally the Fund will hold between 35 - 65 stocks in companies with a market capitalisation of generally less than $250m at the time of initial purchase. The Portfolio Manager searches for businesses that have exposure to growing markets or are benefiting from changes in the market structure and are in a rapid growth phase of their life cycle.

Benefits

Professional management: Access to a specialist investment management team with extensive experience who will actively manage the underlying investments.

Research resources: The Portfolio Manager has a large, specialised and experienced equities team. Its investment process focuses on fundamental research and analysis which underpins a deep understanding of companies and industries across the investment universe. Its research and trading team is able to provide in-depth analysis of local market trends and regulatory conditions.

Risks

Any investment is subject to investment risk, including possible delays on the payment of withdrawal proceeds and the loss of income or the capital invested. An investment in the Fund should be considered as very high risk. There can be no assurance that the Fund will achieve its investment objective or that any investor will get the money they have invested back. Refer to the PDS for a summary of the significant risks associated with an investment in the Fund.

Features

Product category
麻豆社 Equity Funds
麻豆社 Country & Regional Funds
Product domicile
Australia
Portfolio management
Yarra Capital management
Fund management
麻豆社 Asset Management (Australia) Ltd.
Day of inception
12 August 2014
Currency of account
AUD
Close of financial year
30 June
Issue / redemption
daily
Management fees & costs
1.20% p.a.
Minimum initial investment
AUD 50,000.00

Performance and Prices

Percentage growth

as of 10 June 2026
Cumulative
AUD(%) EUR(%)
YTD
1M
3M
6M
1Y 19.31 26.96
2Y
3Y - -
5Y - -
ø p.a.5Y

Current data
FUM (in million) 11.06.2026 AUD 196.61
Statistical data
Date
2 years
5 years
Total risk reference index / benchmark 31.05.2026 13.91% 16.81%
Sharpe Ratio 31.05.2026 0.97 n.a.

Structures

Fees

Management fees & costs
1.20%

Distributions

No distributions. Continuous reinvestment of income.

Sales Authorisations

Market
Sales authorisations status
Australia
Registered

Literature

en
Brochures
Document type
Document Language
Distribution Report
Latest Buy/ Sell Spreads
Financial Services Guide
Fund Performance (all)
PDS and TMD
Document type
Document Language
Product Disclosure Statement
Target Market Determinations
Additional Information Booklet
Financial reports
Document type
Document Language
Financial Report
Quarterly Report
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