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Strategies


Karara Small Companies Fund

The Karara Small Companies Fund is a registered managed investment scheme open to wholesale investors.

Retail investors can access our Small Company strategy via the Ironbark Karara Small Company Fund.

Investor profile

The Fund may suit an investor seeking high growth potential over the suggested investment horizon and, willing to accept the higher risk/return profile of investing in an actively managed portfolio of smaller companies listed on the ASX.

Investment horizon is at least five years.

Read recent strategy updates

Investment objective

To outperform the S&P/ASX Small Ordinaries Accumulation Index (before fees and taxes) over a rolling four year period.

Investment strategy

The Fund will primarily invest in securities of companies not included in the S&P/ASX 100 Index, however up to 15% of the Fund may be invested in securities included in the S&P/ASX MidCap 50 Index. The Fund may invest in securities of unlisted companies but usually only where the companies are expected to list within six months of the date of purchase.
The Fund may invest in derivatives, provided they are not used to gear the Fund.
The following portfolio construction guidelines will generally apply:
•    shares of 25-65 companies will be included in the portfolio
•    cash limited to 15% of the Fund’s net assets
•    up to 10% of the Fund’s net assets can be invested in unlisted securities
•    up to 15% of the Fund’s net assets can be invested in securities of companies included in the S&P/ASX MidCap 50 Index.

Learn more about Karara's investment approach

Fees

Management fee: 0.95% pa
Performance fee: 12.5% per annum of performance above its benchmark.
Fund audit expenses:  NIL

Fees are inclusive of GST and net of RITCs

Performance as at 30th November 2019

 

Karara Small Companies Fund 1 mth 3 mths 1 yr 3 yr 5 yr Inception
Gross return -0.60% -1.40% 13.00% 10.26% 9.76% 7.62%
Net return -0.67% -1.63% 11.94% 9.22% 8.62% 5.36%
S&P/ASX Small Ords. Accum. Index  1.56%     3.68% 16.62% 11.39% 10.81% 0.86%
Outperformance (net of fees)

-2.23%

-5.32%

-4.67% -2.17% -2.19% 4.49%
Inception date: 3 January 2008. Periods greater than 1 year are annualized. Returns are based on exit prices of series 1 units, assume all distributions are reinvested and are net of fees. Gross returns are calculated using the net returns and adding back the MER and performance fees, where applicable. Past performance is not a reliable indicator of future performance.

 

Other information

Responsible Entity: Perpetual Trustees Services Limited

Distributions: Annually as at 30 June

Buy/sell spread: 0.25%

Application/withdrawals: Monthly with notice to be received by 2pm on the last business day of the month.

Karara Small Companies Fund - Offer Documents

As a result of the amendments to the Privacy Act 1988 made by the Privacy Amendment (Enhancing Privacy Protection) Act 2012 which came into effect on 12 March 2014, some key changes have been made to the Privacy Policy of the Responsible Entity.

A copy of the updated Privacy Policy for the Responsible Entity is located at

http://www.perpetual.com.au/privacy-policy.aspx.