THB US Micro Capital - Managed Fund

Fund Objective

To achieve the investment objective, the Fund will invest in US equity companies with market capitalisations that are generally consistent with the range of the market capitalisations of the securities comprising the Russell Microcap® Index at the time of investment.

Fund Strategy

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.

Fees Comparison

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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	-0.73%	-1.7%	6.71%	2.29%	10.13%	9.11%	5.62%	10.57%
Growth return	2.4%	-0.93%	7.91%	-1.66%	5.74%	8.41%	2.13%	5.43%
Income return	-3.13%	-0.77%	-1.2%	3.95%	4.39%	0.7%	3.49%	5.14%
Market index (MSCI USA NR AUD)
Total return	-1.68%	1.7%	8.64%	8.92%	22.29%	23.42%	16.74%	15.22%

As at 31 Jan 2026. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

No asset allocation data available.

Average Allocation of Peers

International Equities: 30.40%

Australian Equities: 61.44%

Cash: 2.12%

Property & Infrastructure: 0.50%

Alternatives: 5.55%

General Information

Fund Details

Type	Description
Fund Name	THB US Micro Capital
Responsible Entity	Thomson Horstmann & Bryant Inc
APIR Code	ETL0413AU
Sector/Asset Class	Equity North America
Morningstar Rating	(as at 31 Dec 2025)
Legal Structure	Investment Fund
Fund Inception	30 Sep 2014
Fund Size	$113241429 million (as at 4 Feb 2026)
Entry Price	$1.7729 (as at 28 Jan 2026)
Exit Price	$1.7623 (as at 28 Jan 2026)
Fund Status	Open

Offer information

Type	Description
MER	1.25% (as at 20 Feb 2024)
Indirect Cost Ratio (ICR)	1.25% (as at 30 Jun 2022)
Minimum initial investment	$250,000
Minimum additional investments	$25,000
Minimum redemption amount	$25,000

Top 10 holdings (as at 31 Mar 2025)

Holding (as at 31 Mar 2025)	Type	% of Portfolio
Acadian Asset Management Inc	Equity	3.31%
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FAQs about the THB US Micro Capital

What is the objective of the THB US Micro Capital managed fund?

The objective of the THB US Micro Capital managed fund is To achieve the investment objective, the Fund will invest in US equity companies with market capitalisations that are generally consistent with the range of the market capitalisations of the securities comprising the Russell Microcap® Index at the time of investment.

What is the strategy for the THB US Micro Capital managed fund?

The strategy of the THB US Micro Capital managed fund is To achieve the investment objective, the Fund will invest in US equity companies with market capitalisations that are generally consistent with the range of the market capitalisations of the securities comprising the Russell Microcap® Index at the time of investment.

What is the APIR code of the THB US Micro Capital managed fund?

The APIR code of the THB US Micro Capital managed fund is ETL0413AU.

What was THB US Micro Capital’s total return last month?

THB US Micro Capital’s total return last month was -0.73%. This was made up of a growth return of 2.4% and an income return of -3.13%. These returns were calculated as at 31 Jan 2026.

What was THB US Micro Capital’s total return for the last three months?

THB US Micro Capital’s total return for the last three months was -1.7%. This was made up of a growth return of -0.93% and an income return of -0.77%%. These returns were calculated as at 31 Jan 2026.

What is THB US Micro Capital’s one-year total return?

THB US Micro Capital’s one-year total return is 2.29%. This was made up of a growth return of -1.66% and an income return of 3.95%. These returns were calculated as at 31 Jan 2026.

What is THB US Micro Capital’s three-year total return?

THB US Micro Capital’s one-year total return is 9.11%. This was made up of a growth return of 8.41% and an income return of 0.7%. These returns were calculated as at 31 Jan 2026.

What is the asset allocation of the THB US Micro Capital managed fund?

The asset allocation of the THB US Micro Capital managed fund is :

International Equities: 100%

Australian Equities: 0%

Cash: 0%

Property & Infrastructure: 0%

Alternatives: 0%

Who is the responsible Entity of the THB US Micro Capital managed fund?

The Responsible Entity for the THB US Micro Capital managed fund is Thomson Horstmann & Bryant Inc.

What sector/asset class does the THB US Micro Capital managed fund belong to?

The THB US Micro Capital managed fund belongs to the Equity North America sector/asset class.

What is the size of the THB US Micro Capital managed fund?

As at 4 Feb 2026, the size of the THB US Micro Capital managed fund was $113241429 million.

What is the inception date of the THB US Micro Capital managed fund?

The THB US Micro Capital managed fund has an inception date of 30 Sep 2014.

What is the current entry price of the THB US Micro Capital managed fund?

The current entry price of the THB US Micro Capital managed fund is $1.7729 per unit and the current exit price is $1.7623 per unit (as at 28 Jan 2026).

What is the current exit price of the THB US Micro Capital managed fund?

The current exit price of the THB US Micro Capital managed fund is $1.7623 per unit and the current entry price is $1.7729 per unit (as at 28 Jan 2026).

What is the minimum investment amount for the THB US Micro Capital managed fund?

The minimum initial investment amount for the THB US Micro Capital managed fund is $250,000. Minimum additional investment is $25000.

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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