Lennox Australian Microcap Fund

About the fund:

The Lennox Australian Microcap Fund was launched in January 2018. It is an actively managed, style-agnostic portfolio that invests in a broad range of sustainable microcaps. The fund’s objective is to identify companies with compelling medium term valuations that satisfy our ESG criteria and we believe will not disappoint the market.

Our investment approach is based on fundamental analysis and in-depth research. We focus on identifying sustainable businesses that have strong management teams, forecastable and real earnings and favourable growth prospects due to competitive advantages and/or industry dynamics.

You should read the Fund’s Target Market Determination (TMD) and the Fund’s Product Disclosure Statement (PDS) to ensure the key attributes of the Fund as described in the TMD and PDS aligns with your objectives, financial situation and needs.

Benefits:

  • Lennox’s ability, experience and knowledge to assist in identifying sustainable businesses whose medium-term earnings we can accurately forecast.
  • A disciplined and differentiated investment process with a key focus on risk management.
  • Strong alignment with investors through co-investment in all funds and majority ownership of the investment firm.

Investment Objective:

The Fund aims to outperform the S&P/ASX Small Ordinaries Accumulation Index over the medium to long term (after fees).

 

Benchmark: S&P/ASX Small Ordinaries Accumulation Index
Stock Numbers: Between 20 to 40 securities in Australian & New Zealand listed Securities
Minimum investment timeframe: 5 years
Management Fee: 1.30% p.a.
Performance Fee: 20% of the Fund’s daily return (after fees and expenses and after adding back any distributions paid) above the Fund’s Performance Benchmark.
Minimum Investment: $10,000 or $1,000 with regular savings plan.
Investment Universe: Primarily companies outside the top 200 ASX listed companies.