Value Smaller Companies

The Perennial Value Smaller Companies Trust provides an actively managed exposure to a portfolio of Australian smaller companies shares, employing a value style investment process.

Trust Objective

To grow the value of your investment over the long term via a combination of capital growth and tax effective income by investing in a diversified portfolio of Australian smaller companies shares, and to provide a total return (after fees) that exceeds the S&P/ASX Small Ordinaries Accumulation Index measured on a rolling three-year basis.

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Suitable Investor Profile

The Trust may be suitable for investors with an investment horizon of five years or more, who are seeking exposure to a portfolio of smaller "value oriented" companies listed (or soon to be listed) on the ASX.

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Fund Facts

Investment Approach

Perennial Value invests by applying a "value" investment style. Perennial Value seeks to buy smaller companies shares that are "good businesses that are undervalued" with an underlying belief that good businesses are eventually recognised by markets and are positively re-valued.

Investment Strategy

The Trust invests in a range of smaller listed companies shares which Perennial Value, the investment manager, believes have sustainable operations and whose share price offers good value.

The cornerstone to this approach is a strong emphasis on company research. The aim is to develop a detailed understanding of each company before committing investors' funds.

The process aims to ensure that the Trust's investment decisions are focused on buying stocks offering good value and selling stocks offering poor value.

The portfolio will typically hold approximately 45 stocks with a minimum stock holding of 20 and a maximum of 70.

In addressing liquidity risk, the minimum market cap that the Trust can invest in is $50m, while at the other end of the spectrum the Trust is permitted to invest up to 15% of the portfolio in mid-cap stocks.

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Investment Summary

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Unit Prices

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Distribution

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Franking Credit

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Performance and Fees

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Publications and Monthly Commentaries

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Investment Manager: Perennial Investment Partners Ltd ABN 59 087 901 620, AFSL No. 238763. Sub Manager: Perennial Value Management Limited ABN 22 090 879 904, AFSL No. 247293. Perennial Fixed Interest Partners Pty Limited ABN 35 099 336 357, Perennial International Equities Management Pty Limited ACN 099 336 375, Perennial Growth Management Pty Limited ABN 41 099 336 384 and Perennial Real Estate Investments Pty Limited ABN 35 117 913 685 are Subsidiaries and Authorised Representatives of Perennial Investment Partners Limited.