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Microcap Opportunities

Perennial Value Microcap Opportunities Trust provides an actively managed exposure to a portfolio of Australian microcap companies’, employing a value style investment process.

Rating

Microcaps Opportunities Trust has been rated by Lonsec.

Investment return objective

The aim of the Trust is to grow the value of your investment over the long term by investing in a portfolio of Australian microcap companies that are either listed or unlisted companies found outside the S&P/ASX Top 100 Index, 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.

Suitable investor profile

Investors with an investment horizon of five years or more, who are seeking exposure to a portfolio of ‘value oriented’ companies listed (or soon to be listed) on the ASX and unlisted companies, who could be considered small or microcap stocks.

Description of Trust

The Trust invests in a range of listed and unlisted companies predominantly comprised of small and microcap stocks which Perennial Value, believes have sustainable operations and whose share price offers good value.

The cornerstone of 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 trust aims to invest in companies outside the S&P/ASX Top 100 Index with a market capitalisation of less than $500 million.

The portfolio will hold in the range of 30 to 70 stocks. Typically, the portfolio holds, on average, approximately 45 stocks.

The Trust can invest up to 20% in unlisted stocks and hold up to 20% in cash.

Microcaps Team

12999

Investment summary

Minimum investment 
$25,000

Minimum added investment
$5,000

Risk/Return profile 
High

Returns achieved mainly through
Growth and Income

Income distribution 
Annually 

Minimum recommended investment period 
5 years

Investment management fee 
1.20% p.a. 

Performance fee 
Yes

Buy/Sell spread 
0.30/0.30

Net performance View all performance
Latest unit prices

Effective date:
27 Jun 2017

Entry price:
1.0581

Exit price:
1.0518

View past unit prices
Distributions

* A trust payment is a payment made by a Managed Investment Trust that represents a distribution of its Australian sourced income (other than dividends, interest and royalties).

View past distributions
Top stock holdings

The composition of the Trust's investments is subject to constant change. The holding of securities may vary or be disposed of at any time.

Asset allocation

The composition of the Trust's investments is subject to constant change. The holding of securities may vary or be disposed of at any time.

Issued by: The Investment Manager, Perennial Value Management Limited, ABN 22 090 879 904, AFSL: 247293. Responsible Entity: Perennial Investment Management Limited ABN 13 108 747 637, AFSL: 275101.This website is provided for information purposes only. Accordingly, reliance should not be placed on this information as the basis for making an investment, financial or other decision. This information does not take into account your investment objectives, particular needs or financial situation. While every effort has been made to ensure the information in this website is accurate; its accuracy, reliability or completeness is not guaranteed. Past performance is not a reliable indicator of future performance. Gross performance does not include any applicable management fees or expenses. Net performance is based on redemption price for the period and assumes that all distributions are reinvested. Fees indicated reflect the maximum applicable. Contractual arrangements, including any applicable management fee, may be negotiated with certain large investors.  Investments in the Trusts must be accompanied by an application form. The current relevant product disclosure statements, Additional Information Booklet and application forms can be found on this website. Use of the information on this website is governed by Australian law and is subject to the terms of use.

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