Monash Investors Small Companies Fund

The Fund aims to outperform the S&P/ASX Small Ordinaries (Total Return) Index over a full Market Cycle. 

Our point of difference

Monash Investors offers a unique strategy that does not aim to beat an equity benchmark, but rather, aims to deliver double digit returns over the long term, whilst limiting capital losses over the medium term. It generates its returns by actively managing the portfolio to only invest in compelling opportunities that have met the strict investment criteria and high return hurdle requirement.

The investment objective of the Fund is to outperform the S&P/ASX Small Ordinaries (Total Return) Index over a full market cycle.

The Investment Manager seeks to implement the Fund's investment strategy by predominantly investing in ASX listed securities that are outside the S&P/ASX 100 Index. The Investment Manager is precluded from purchasing securities in the S&P ASX 50 index, however may purchase or sell securities in the 51-100 of the S&P ASX 100 index. 

The Fund seeks to only invest in compelling opportunities. To identify these investment ideas, Monash Investors primarily employs fundamental, bottom-up company research and the judgement and skill of its experienced portfolio managers.

Monash Investors believes that a diversified portfolio of compelling investments is likely to provide a strong return over the investment cycle.

The Fund's ability to produce the targeted returns depends on Monash Investors identifying compelling opportunities.

Monash Investors are focused on identifying securities that have the following attributes:

1) an asymmetric payoff: where the projected profit is expected to exceed the anticipated risk; and

2) a combination of the following characteristics:

• high level of earnings and cash flow per share growth;
• are underestimated or misunderstood in some way by the market;
• represent strong value; and
• have a near term event or announcement which is expected to trigger a price movement.

Depending on the size of the expected payoff and whether there is a near term catalyst, Monash Investors classify securities as either outlook driven or event driven investments.

Investing in the Fund gives investors access to:

• An exposure to the Australian share market;
• An opportunity to make opportunistic returns from a limited exposure to overseas equities;
• An opportunity to partake in an investment strategy that would ordinarily be difficult for individual investors to employ;
• Enhanced potential for diversification from traditional market exposures; and
• A strategy with an investment team and a proven track record.

Fund Management Expertise:

• Monash Investors has been successfully using its trading strategies since its establishment (although past performance is not an indicator of future performance);
• Possess a robust risk management framework; and
• Employs investment management professionals with extensive experience in funds and investment portfolio management.

Aside from Monash Investors, the Fund is complemented by well-resourced service providers:

• Mainstream Fund Services Pty Limited (Administrator);
• Morgan Stanley & Co International plc (Prime Broker/Custodian); 
• Perpetual Corporate Trust Limited (Unlisted Equities Custodian of the Fund); and
  Annual reviews of service providers and continuous audit and compliance obligations are also implemented as standard procedures. 

Click here for our latest Performance figures.

The Monash Investors website (“website”) is owned and operated by Monash Investors Pty Limited ABN 67 153 180 333 (“Monash Investors”) as authorised representative of DMX Asset Management Limited ABN 33 169 381, AFSL 459 120 (“DMX”), and authorised for release by The Trust Company (RE Services) Limited ABN 45 003 278 831, AFSL 235 150 (“Perpetual”) as the responsible entity of, and issuer of units in the Fund. Monash Investors is the investment manager of the Fund. A Product Disclosure Statement (“PDS”) dated 17 July 2023 together with a Target Market Determination (“TMD”), both issued by Perpetual, is available for the Fund at www.monashinvestors.com. You should obtain and consider the PDS and TMD for the Fund before deciding whether to acquire, or continue to hold, an interest in the Fund. The information provided is general information only and is not intended to provide you with financial advice, it does not consider your investment objectives, financial situation or particular needs. You should consider your own investment objectives, financial situation and particular needs before acting upon any information provided and consider seeking advice from a financial advisor if necessary. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. No company in Perpetual Group (Perpetual Limited ABN 86 000 431 827 and its subsidiaries) guarantees the performance of any fund or the return of an investor’s capital. Performance figures assume reinvestment of income. Past performance is not a reliable indicator of future performance. Comparisons are provided for information purposes only and are not a direct comparison against benchmarks or indices that have the same characteristics as the Fund. Monash Investors, Perpetual do not guarantee repayment of capital or any particular rate of return from the Fund and do not give any representation or warranty as to the reliability, completeness or accuracy of the information contained in this document. All opinions and estimates included in this document constitute judgments of Monash Investors and are subject to change without notice. Perpetual is not responsible for this website. In relation to the target distribution, this is a target return only. There is no guarantee the Fund will meet its investment objective. The payment of a annual distribution is a goal of the Fund only and neither Monash Investors or Perpetual provide any representations or warranty (whether express or implied) in relation to the payment of any cash income. The Fund reserves the discretion to amend its distribution policy. The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned MON0001AU August 2024) referred to in this document is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http://www.zenithpartners.com.au/RegulatoryGuidelines.

The Trust Company (RE Services) Limited (ABN 45 003 278 831, AFSL 235 150) (“Perpetual”) as the responsible entity of, and issuer of units in the Funds , and Monash Investors is the investment manager of the Funds. Monash Investors operates this website and all opinions and estimates on this website constitute judgements of Monash Investors and are subject to change without notice. The information on this website is provided for general information purposes only, and is not to be construed as solicitation of an offer to buy or sell any financial product. Accordingly reliance should not be placed on this website as the basis for making an investment, financial or other decisions. The information on this website does not take into account your investment objectives, particular needs or financial situation. Whilst every effort is taken to ensure the information on this website is accurate, its accuracy, reliability or completeness is not guaranteed. A product disclosure statement (PDS) and Target Market Determination (TMD) issued by Perpetual is available for the Funds on this website. You should obtain and consider the PDS and TMD before deciding whether to acquire, or continue to hold, an interest in the Funds. Initial applications for units in the Funds can only be made pursuant to the application form attached to the PDS.

Performance figures assume reinvestment of income. Past performance is not a reliable indicator of future performance. Comparisons are provided for information purposes only and are not a direct comparison against benchmarks or indices that have the same characteristics as the Funds.

Neither Monash Investors or Perpetual guarantee repayment of capital or any particular rate of return from the Fund. Neither Monash Investors or Perpetual give any representation or warranty as to the reliability, completeness or accuracy of the information contained in this document. All opinions and estimates included in this document constitute judgements of Monash Investors as at the date of this document are subject to change without notice. Reference to Target Distributions, is a target return only. There is no guarantee the Funds will meet its investment objective. The payment of a quarterly distribution is a goal of the Funds only and neither Monash Investors or Perpetual provide any representations or warranty (whether express or implied) in relation to the payment of any quarterly cash income. The Funds reserves the discretion to amend its distribution policy.