Celeste Australian Small Companies Fund

Overview:

  • The Celeste Australian Small Companies Fund provides an actively managed exposure to ASX-listed shares that are outside of the ASX100. The Celeste Australian Small Companies Fund typically invests in approximately 30-40 companies that we expect will outperform over the medium to long term.

Objective:

  • The Celeste Australian Small Companies Fund aims to achieve returns of at least 5% pa, above the S&P/ASX Small Ordinaries Accumulation Index, net of all fees, over a rolling three year period.

Key benefits:

  • High conviction fund: we apply our investment process to stock selection, resulting in an exposure to 20 to 50 of our best investment ideas
  • Scalable and repeatable process: our investment process has been proven and tested over the long term with strong annualised performance since the inception of the strategy
  • Specialist investment experience: we are a highly focussed boutique firm that only manages small companies funds, with a team that has more than 50 years of investment experience
  • Tax effective: our long-term outlook to investing typically results in holding most investments for more than 12 months and our level of portfolio turnover over time has led to a long history of distributions that have high levels of attached franking credits and discounted capital gains

Ratings:

  • Lonsec (February 2018): Recommended
  • Zenith (February 2018): Recommended
  • Morningstar (September 2017): Bronze

Awards:

 

Summary of key product features

Minimum investment $25,000
Minimum additional investment $1,000
Minimum investment balance $15,000
Withdrawals available Usually within 7 days
Distributions 30 June and 31 December
Entry fee Nil
Exit fee Nil
Buy/sell differential 0.30%
Management fee 1.20% pa
Performance fee 20% of the return above the benchmark return*
Ongoing Fee Measure (OGFM) 1.20% pa
* The benchmark of the Fund is the Small Ordinaries Accumulation Index