Microequities Pure Microcap Value - Managed Fund

Fund Objective

The objective of the Fund is to identify undervalued Microcap companies, invest in them and, through a medium to long term commitment, attempt to deliver superior investment returns.

Fund Strategy

The Fund invests primarily in Australian securities exchange listed Microcap companies, which at the time of initial investment are below a market capitalisation of A$300 million. The Fund is able to hold and make further investments in Microcaps which have subsequently grown above a market capitalisation of A$300 million.

Fund Performance Comparison

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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

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% p.a.

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	-0.53%	0.42%	3.33%	14%	16.69%	1.48%	14.8%	-%
Growth return	-0.53%	0.42%	-3.2%	6.8%	10.78%	-5.79%	8.63%	-%
Income return	0%	0%	6.53%	7.2%	5.91%	7.27%	6.17%	-%
Market index (S&P/ASX Small Ordinaries TR AUD)
Total return	0.8%	3.77%	5.84%	26.65%	9.63%	-0.61%	4.65%	7.11%

As at 31 Oct 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Microequities Pure Microcap Value

Australian Equities: 98.30%

Cash: 1.70%

International Equities: 0%

Property: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 91.62%

Cash: 4.02%

International Equities: 2.99%

Property: 1.10%

Fixed Interest: 0.02%

Alternatives: 0.26%

General Information

Fund Details

Type	Description
Fund Name	Microequities Pure Microcap Value
Responsible Entity	Microequities Asset Management Pty Ltd
APIR Code	MIC5676AU
Sector/Asset Class	Equity Australia Mid/Small Value
Morningstar Rating	(as at 31 Oct 2024)
Legal Structure	Investment Fund
Fund Inception	3 Oct 2017
Fund Size	$89.06 million (as at 30 Jun 2023)
Entry Price	$1.4068 (as at 31 Oct 2024)
Exit Price	$1.3956 (as at 31 Oct 2024)
Fund Status	Open

Offer information

Type	Description
MER	1.80% (as at 1 May 2024)
Indirect Cost Ratio (ICR)	1.80% (as at 30 Jun 2023)
Performance fee (not included in ICR)	Not Available
Minimum initial investment	$200,000

FAQs about the Microequities Pure Microcap Value

What is the objective of the Microequities Pure Microcap Value managed fund?

The objective of the Microequities Pure Microcap Value managed fund is The objective of the Fund is to identify undervalued Microcap companies, invest in them and, through a medium to long term commitment, attempt to deliver superior investment returns.

What is the strategy for the Microequities Pure Microcap Value managed fund?

The strategy of the Microequities Pure Microcap Value managed fund is The Fund invests primarily in Australian securities exchange listed Microcap companies, which at the time of initial investment are below a market capitalisation of A$300 million. The Fund is able to hold and make further investments in Microcaps which have subsequently grown above a market capitalisation of A$300 million.

What is the APIR code of the Microequities Pure Microcap Value managed fund?

The APIR code of the Microequities Pure Microcap Value managed fund is MIC5676AU.

What was Microequities Pure Microcap Value’s total return last month?

Microequities Pure Microcap Value’s total return last month was -0.53%. This was made up of a growth return of -0.53% and an income return of 0%. These returns were calculated as at 31 Oct 2024.

What was Microequities Pure Microcap Value’s total return for the last three months?

Microequities Pure Microcap Value’s total return for the last three months was 0.42%. This was made up of a growth return of 0.42% and an income return of 0%%. These returns were calculated as at 31 Oct 2024.

What is Microequities Pure Microcap Value’s one-year total return?

Microequities Pure Microcap Value’s one-year total return is 14%. This was made up of a growth return of 6.8% and an income return of 7.2%. These returns were calculated as at 31 Oct 2024.

What is Microequities Pure Microcap Value’s three-year total return?

Microequities Pure Microcap Value’s one-year total return is 1.48%. This was made up of a growth return of -5.79% and an income return of 7.27%. These returns were calculated as at 31 Oct 2024.

What is the asset allocation of the Microequities Pure Microcap Value managed fund?

The asset allocation of the Microequities Pure Microcap Value managed fund is :

Australian Equities: 98.30%

Cash: 1.70%

International Equities: 0%

Property: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the Microequities Pure Microcap Value managed fund?

The Responsible Entity for the Microequities Pure Microcap Value managed fund is Microequities Asset Management Pty Ltd.

What sector/asset class does the Microequities Pure Microcap Value managed fund belong to?

The Microequities Pure Microcap Value managed fund belongs to the Equity Australia Mid/Small Value sector/asset class.

What is the size of the Microequities Pure Microcap Value managed fund?

As at 30 Jun 2023, the size of the Microequities Pure Microcap Value managed fund was $89.06 million.

What is the inception date of the Microequities Pure Microcap Value managed fund?

The Microequities Pure Microcap Value managed fund has an inception date of 3 Oct 2017.

What is the current entry price of the Microequities Pure Microcap Value managed fund?

The current entry price of the Microequities Pure Microcap Value managed fund is $1.4068 per unit and the current exit price is $1.3956 per unit (as at 31 Oct 2024).

What is the current exit price of the Microequities Pure Microcap Value managed fund?

The current exit price of the Microequities Pure Microcap Value managed fund is $1.3956 per unit and the current entry price is $1.4068 per unit (as at 31 Oct 2024).

What is the minimum investment amount for the Microequities Pure Microcap Value managed fund?

The minimum initial investment amount for the Microequities Pure Microcap Value managed fund is $200,000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.

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