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 30-50 companies that we expect will outperform over the medium to long term.

Objective:

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

Key features:

  • High conviction fund: we apply our investment process to stock selection, resulting in a typical exposure to 30 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 80 years of collective 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 (September 2020)1: Recommended
  • Zenith (February 2020)2: Recommended
  • Morningstar (September 2020)3: 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 1.10% pa
Performance fee 20% of the return above the benchmark return*
Ongoing Fee Measure (OGFM) 1.10% pa
* The benchmark of the Fund is the Small Ordinaries Accumulation Index

1 The Lonsec Research Pty Ltd (ABN 11 151 658 561, AFS Licence 421 445) (“Lonsec”) rating (assigned September 2020) referred to in this website is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Lonsec Ratings Methodology available on the Lonsec website. Past performance is not an indication of future performance. Lonsec usually charges the product issuer, fund manager or related party to conduct product research. Full details regarding Lonsec’s methodology, ratings definitions and regulatory compliance are available on their website at http://www.beyond.lonsec.com.au/intelligence/lonsec-ratings.

2 The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226 872) (“Zenith”) rating (assigned February 2020) referred to in this website is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on their website at http://www.zenithpartners.com.au/RegulatoryGuidelines.

3 The Morningstar Australasia Pty Ltd (ABN 95 090 665 544, AFS Licence 240 892) (“Morningstar”) rating (assigned September 2020) referred to in this website is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Morningstar Financial Services Guide available on the Morningstar website. Past performance is not an indication of future performance. Full details regarding Morningstar’s Financial Services Guide is available on their website at http://www.morningstar.com.au/s/fsg.pdf.