Acorn Capital Micro Opportunities Fund
A portfolio of micro-cap Australian companies spread across a diversified range of industries & stages of development. Acorn Capital invests in innovative companies that display sustainable competitive advantage & strong management teams.
Comparison Data
1Performance
| 1 month | 3 month | 1 year | 3 year | 5 year | Since Inception | Inception Date |
|---|---|---|---|---|---|---|
| 7.04% | 2.31% | 7.21% | 2.04% | 10.27% | 10.57% | 22 May 2020 |
Fees
| Management Fee | Performance Fee | Morningstar Total Cost Ratio |
|---|---|---|
| 1.2% | 0.39% | 1.59% |
Investors in the Acorn Capital Micro Opportunities Fund receive:
- A diversified portfolio of Australian microcap companies Acorn Capital constructs microcap portfolios from the full universe of ASX sectors (Materials, Health Care, IT, Consumer Discretionary, Consumer Staples, Industrials, Resources, Energy, Communication Services, Financials), from early to the mature stage of a company’s development, across both listed and unlisted opportunities.
- Investment management by Australia’s most experienced microcap fund manager Acorn Capital is a pioneer of microcap investing and is Australia’s longest-running specialist microcap fund manager.
- Strong fee alignment and capacity management:
- A performance fee will only be paid if the fund’s returns are above both the benchmark and 0%.
- The fund will hard close at $150m, thereby preserving and optimising return potential for existing investors.
Stock selection occurs following a process of initial research, detailed research and ranking which are the responsibility of the Sector Specialist. The process of stock selection and portfolio construction is illustrated below.
- The Acorn Capital sector specialist’s initial or desk research involves understanding the company’s stage of development and a high-level assessment of the investment opportunity relative to similar staged companies in the portfolio.
- Detailed research is conducted on companies that move beyond the initial research stage. The analysis includes (but is not limited to) the evaluation of sustainable, competitive advantage (inclusive of ESG factors), industry position, capital requirements, management, financial metrics and valuations.
- The Acorn Capital sector specialist will attempt to identify, select and recommend the most attractive investment opportunities through a consistent ranking process. Investment opportunities may be ranked across value, growth, quantitative risk, management and quality dimensions. Specific factors and weightings used to measure each dimension are determined by the Acorn Capital sector specialists. The ranking process aims to provide a consistent view of the investment opportunity set, highlighting the strengths and weaknesses of each opportunity. Investments recommended by the Acorn Capital sector specialist will typically exhibit the most attractive risk/return characteristics relative to the stage of development.
- Portfolio Construction seeks to construct a portfolio of attractive investment ideas sourced from the entire investment universe diversified by stage of development, stock numbers and industry exposure.
- Shorter-term trading opportunities may be added to the portfolio if appropriate to provide additional returns to the Fund.
Acorn Capital was established in 1998 as a specialist investment manager in emerging Australian companies. Acorn Capital distinguishes itself through its relatively large research and investment team with expertise across all industries as well as its provision of expansion capital to developing companies. Through its strategies Acorn Capital can provide Investors with efficient off-index exposure to both public and private emerging companies.
Robert Bruce is Head of Research and Portfolio Manager for the Consumer Discretionary, Consumer Staples and Information Technology sectors, undertaking fundamental investment research on companies within those sectors and selecting stocks for inclusion in client portfolios.
Rob joined Acorn Capital in June 2014 from CLSA where he spent 13 years in equity research. He also previously held research roles at UBS Warburg, Kaplan Funds Management and Westpac Institutional Bank.
Paul Palumbo is a Portfolio Manager and Head of Portfolio Implementation with responsibility for the Healthcare and Biotechnology sectors, undertaking fundamental research of companies within those sectors and selecting stocks for inclusion in client portfolios, as well as portfolio dealing and construction in which he manages relations with market counterparties, transacts on clients’ behalf and conducts portfolio data analysis and construction.
Paul joined Acorn Capital in 2007. Paul began his career at PwC and IBM Business Consulting. Paul holds a Bachelor of Business Information Systems and a Graduate Diploma in Applied Finance and Investment.
Kate McDermott is the Head of Distribution for the Acorn Capital wholesale funds. She began her career at Credit Suisse Asset Management in 2003, which later became Aberdeen Asset Management. Kate has also worked at BlackRock as State Manager and Realm Investment House as Head of Distribution.
Kate holds a Bachelor of Economics from the University of Tasmania and a Diploma in Financial Planning from Deakin.
Click here to view the latest investment update.
Click here to view the latest News and Insights.
- By clicking the enquire button on the card view
Or
- By selecting “Receive Info” when viewing the listing
We will respond using your preferred communication method (i.e., email or phone).
Statutory Statement
This offer of scheme interests is available to wholesale clients only. This product listing was vetted by and approved by the product issuer identified above before publishing. Investment Markets (Aust) Pty Ltd AFSL 527875 (IM) is not the issuer of the product.
General Disclaimer
IMPORTANT STATEMENT ABOUT YOUR USE OF THIS SITE
Information on this site is intended for Australian users only.
This site is operated by Investment Markets (Aust) Pty Ltd. (ACN 634 057 248) (IMA, we, us and our), the holder of Australian Financial Services Licence (AFSL) no. 527875. The content is provided solely for information purposes, is not a recommendation or an offer to buy or sell a security, and is not warranted to be correct, complete or accurate. To the extent permitted by law, neither IMA, its affiliates, nor the content providers (such as the issuers of securities who appear on the site) are responsible for any investment decisions, damages or losses resulting from, or related to, the content, data and analyses or their use. The investment products on this site and any statements made about them by their issuers are not vetted, verified or researched by IMA. The presence of an investment product on this site should not be interpreted as an implied endorsement of it by IMA. Certain content provided may constitute a summary or extract of another document such as a Product Disclosure Statement. To the extent any content is general advice, it has been prepared by IMA. Any general advice has been provided without reference to your investment objectives, financial situations or needs. For more information refer to our Financial Services Guide. To obtain advice tailored to your situation, contact a financial advisor. You should consider the advice in light of these matters and, if applicable, the relevant Product Disclosure Statement (or other offer document) before making any decision to invest. Past performance does not necessarily indicate an investment product’s future performance. The content is current as at date of initial publication and may not be current as at your date of viewing. For a more complete understanding of all the terms and conditions of your use of this site click here.
1 For use in Australia: © 2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its affiliates or content providers; (2) may not be copied, adapted or distributed; (3) is not warranted to be accurate, complete or timely and 4) has been prepared for clients of Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892), subsidiary of Morningstar. Neither Morningstar nor its content providers are responsible for any damages arising from the use and distribution of this information. Past performance is no guarantee of future results.
Any general advice has been provided without reference to your financial objectives, situation or needs. For more information refer to our Financial Services Guide at http://www.morningstar.com.au/s/fsg.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Morningstar's publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Morningstar's full research reports are the source of any Morningstar Ratings and are available from Morningstar or your advisor. Past performance does not necessarily indicate a financial product's future performance. To obtain advice tailored to your situation, contact a financial advisor. Some material is copyright and published under licence from ASX Operations Pty Ltd ACN 004 523 782.