Montgomery Small Companies Fund

Gary is the Portfolio Manager of the Montgomery Small Companies Fund.

Gary joined Montgomery in August 2019 after spending three years at MHOR Asset Management in Sydney as a Founder and Portfolio Manager. Prior to this, Gary was a Portfolio Manager at Renaissance Asset Manager in Sydney for six years.

Before moving to Australia, Gary spent five years in London running Morgan Stanley’s Technology Sector Equity Research Team, as well as two years covering technology companies for JP Morgan. Gary’s technology industry experience was gained at Arthur Anderson in London, where he worked as a senior consultant.    

Gary holds a Master of Engineering with First Class Honours in Aeronautical Engineering from the University of Glasgow in Scotland. During his tertiary studies, Gary was placed at the UK’s Defence Evaluation and Research Agency (DERA) where he worked on computer simulation models for aircraft design projects. Gary also qualified as a Chartered Accountant in 2000.

Dominic is the Portfolio Manager of the Montgomery Small Companies Fund.

Dominic joined Montgomery in August 2019 after spending thirteen years specialising in smaller companies in portfolio management and equities research. Most recently, Dominic was a Portfolio Manager and Senior Research Analyst at MHOR Asset Management in Sydney for three years.

Prior to this, he ran Deutsche Bank’s Small Caps Equity Research Team in Sydney for six years. He was also previously Head of Research at Foster Stockbroking.      

Dominic holds a Bachelor of Economics and Master of Business (Accounting and Finance) from The University of Sydney.

The Fund has a long-term objective and is suitable for those investors willing to assume high risk while seeking capital growth. Statistically, the major share markets produce a negative investment return, on average, every five years (or less) and investors must take the potential for capital loss into consideration. You can learn more in the Target Market Determination (TMD) here.

A minimum initial investment of $25,000 is required.

You may also arrange to add to your initial investment through a lump sum additional investment, for which there is a minimum of $5,000, or a direct debit monthly savings plan, requiring a minimum investment of $500 per month. This is processed on the 15th of each month or the next business day.

Montgomery Lucent's investment philosophy is guided by fundamental research and analysis. Small market capitalisation companies are relatively under-researched and when markets misprice securities, this creates investment opportunities.

Montgomery Lucent is seeking to build a portfolio of 30 to 50 high-quality, undervalued small and emerging companies with strong growth potential. We are searching for companies likely to benefit from secular trends, industry change and substantial competitive advantages.

The Fund’s portfolio is built using our “four buckets approach” consisting mainly of high-quality growth stocks along with stable compounders, complemented by cyclical growth companies and businesses in transition.

We then use a “lifecycle approach” to sizing the positions depending on whether they are an early stage, emerging, developed or a core investment. This is a long-only portfolio. The Fund is designed to be as agile as the remarkable small companies that it invests in.

Any income distributions are paid annually (as at 30 June each year) and can be reinvested in full or paid out entirely to the financial institution account nominated on your application form. We distribute all taxable income to investors each year, including any taxable capital gains. Distributions may also carry imputation or other tax credits. There may be periods when net income could be negative and no distribution is made.

Shares in the small capitalisation category can move up and down faster than other asset classes. Small capitalisation companies generally involve more risk because of their lower liquidity, their greater sensitivity to management’s influence and their greater sensitivity to general economic conditions. For this reason, small-cap vehicles like the Montgomery Small Companies Fund is only suitable for long-term investors.

The Fund will be available on platforms over time, so please reach out to us for an update. Margin lenders will need to review the fund individually, so please contact your margin lender for an LVR.

To redeem your holding, simply fill out the Redemption Request form and have it signed by the authorised signatories on the account. Please see the manage my investments section.

If Fundhost is paying to a bank account they have on file, they can accept a faxed or scanned copy of the redemption instruction.

In normal circumstances, redemptions are processed daily, with funds generally received back to the investor within 2 business days. The cut-off to receive your redemption request to receive that day's price is 4 pm Sydney time. Refer to the PDS for more information.