Fund goals
The Fund aims to provide investors with long-term capital growth and distributions by investing in small companies listed on the Australian share market, predominantly outside of the S&P/ASX 100 Index.
Fund strategy
The Fund actively takes a position in Australian Smaller Companies shares with the aim of delivering consistent returns above its benchmark. The Fund aims to add value through the systematic application of key financial indicators and behavioural concepts developed by the Invesco Australian Equities team.
The underlying portfolio generally holds between 80 and 130 stocks that generally have a market capitalisation in excess of $40 million.
The underlying investments are managed by our Frankfurt and Melbourne offices, with supervision and monitoring undertaken by our Melbourne office.
Key facts
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Asset classAustralian equities
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BenchmarkS&P/ASX Small Ordinaries Accumulation Index
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Name of investment teamInvesco Quantitative Strategies
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Location of investment teamMelbourne
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Fund inceptionMar 2013
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Fund size$135 million
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Investment approachStyle-neutral, quantitative
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Time Horizon7 years
Key details
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Account period endsJune
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APIR codeGTU0096AU
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Distribution frequencyHalf-yearly
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MER/ICR0.55%
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Minimum investment$2,000
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Unit prices updatedDaily
Fund managers
André Roberts
Senior Portfolio Manager - IQS Australian Equities
Investment experience: 32 Years
Investment responsibility: Portfolio management
Neil Lahy
Senior Portfolio Manager - IQS Australian Equities
Investment experience: 36 Years
Investment responsibility: Portfolio management
Ritchard Longmire
Senior Portfolio Manager - IQS Australian Equities
Investment experience: 27 Years
Investment responsibility: Portfolio management
Nicole Schnuderl
Senior Portfolio Manager - IQS Australian Equities
Investment experience: 20 Years
Investment responsibility: Portfolio management
Richard CJ Tsai
Portfolio Manager - Invesco Quantitative Strategies
Investment experience: 25 Years
Investment responsibility: Portfolio management
Growth of $10,000 invested
Performance
| Period | Fund % | Benchmark* % | Value added % |
|---|---|---|---|
| 1 month | 1.80 | 3.44 | -1.64 |
| 3 months | 12.36 | 15.31 | -2.95 |
| 1 year | 16.78 | 21.50 | -4.72 |
| 3 years p.a. | 16.37 | 15.54 | 0.83 |
| 5 years p.a. | 11.46 | 9.27 | 2.19 |
| 10 years p.a. | 9.58 | 9.62 | -0.04 |
| Since inception p.a. | 6.52 | 6.99 | -0.47 |
Calendar year performance
| Period - calendar year | Fund % | Benchmark* % | Value added % |
|---|---|---|---|
| 2024 | 14.26 | 8.36 | 5.90 |
| 2023 | 9.31 | 7.82 | 1.49 |
| 2022 | -13.68 | -18.38 | 4.70 |
| 2021 | 23.12 | 16.90 | 6.23 |
| 2020 | 8.67 | 9.21 | -0.54 |
Distribution/growth splits
| Period | Distribution return % | Growth return % | Total return % |
|---|---|---|---|
| 3 months | 3.65 | 8.71 | 12.36 |
| 1 year | 4.53 | 12.25 | 16.78 |
| 3 years p.a. | 4.24 | 12.13 | 16.37 |
| 5 years p.a. | 9.36 | 2.10 | 11.46 |
The Fund returns in the tables above are shown after ongoing fees and assume reinvestment of income. Past returns are not a reliable indicator of future returns. Future returns may be affected by a range of factors including economic and market influences.
10 largest holdings
| Stock name | Fund % | Benchmark* % | Active weight % |
|---|---|---|---|
| Regis Resources Limited | 3.68 | 1.42 | 2.26 |
| Zip Co Ltd. | 3.42 | 1.78 | 1.64 |
| Perenti Limited | 2.85 | 0.81 | 2.04 |
| Codan Limited | 2.70 | 1.09 | 1.61 |
| Catapult Sports Ltd. | 2.44 | 0.53 | 1.91 |
| Ramelius Resources Limited | 2.40 | 0.00 | 2.40 |
| Karoon Energy Ltd | 2.12 | 0.38 | 1.75 |
| Service Stream Limited | 2.08 | 0.44 | 1.63 |
| Resolute Mining Limited | 2.05 | 0.69 | 1.36 |
| Eagers Automotive Limited | 2.02 | 1.66 | 0.36 |
Five largest overweight positions
| Stock name | Fund % | Benchmark* % | Active weight % |
|---|---|---|---|
| Ramelius Resources Limited | 2.40 | 0.00 | 2.40 |
| Regis Resources Limited | 3.68 | 1.42 | 2.26 |
| Perenti Limited | 2.85 | 0.81 | 2.04 |
| Catapult Sports Ltd. | 2.44 | 0.53 | 1.91 |
| Karoon Energy Ltd | 2.12 | 0.38 | 1.75 |
Five largest underweight positions
| Stock name | Fund % | Benchmark* % | Active weight % |
|---|---|---|---|
| Greatland Resources Limited | 0.00 | 1.22 | -1.22 |
| AUB Group Limited | 0.00 | 1.19 | -1.19 |
| Chorus Limited | 0.00 | 1.13 | -1.13 |
| NIB Holdings Ltd | 0.00 | 1.13 | -1.13 |
| Paladin Energy Ltd | 0.00 | 1.12 | -1.12 |
Sector allocation
| Sector name | Fund % |
|---|---|
| Communication Services | 4.63 |
| Consumer Discretionary | 14.30 |
| Consumer Staples | 2.89 |
| Energy | 4.00 |
| Financials Ex Lpt | 14.90 |
| Health Care | 5.45 |
| Industrials | 12.50 |
| Information Technology | 7.52 |
| Materials Ex Metals and Mining | 0.22 |
| Metals and Mining | 22.66 |
| Other | 1.81 |
| Real Estate | 7.85 |
| Cash [net of payables] | 1.26 |
*Benchmark = S&P/ASX Small Ordinaries Accumulation Index
Note: Security selection will change. You should not rely on this statement in making an investment decision about any security, but should make your own independent enquiries. Portfolio data for hedged products will show the data for the underlying unhedged portfolio in which it invests.