June, 2023
The Pendal MicroCap Opportunities Fund (Fund) is a portfolio of stocks in the rapidly expanding and highly diversified micro cap sector. The universe includes more than 1,100 companies listed on the ASX and NZX with a market capitalisation of generally less than $250 million.
Investors should be aware that due to the characteristics of micro cap companies there is some additional risk involved in investing in the Fund compared to a conventional Australian equities fund.
The Fund aims to provide a return (before fees, costs and taxes) that exceeds the S&P/ASX Small Ordinaries (TR) Index over the medium to long term. The suggested investment timeframe is five years or more.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/Capture.jpgDecember, 2022
The Pendal MicroCap Opportunities Fund (Fund) is a portfolio of stocks in the rapidly expanding and highly diversified micro cap sector. The universe includes more than 1,100 companies listed on the ASX and NZX with a market capitalisation of generally less than $250 million.
Investors should be aware that due to the characteristics of micro cap companies there is some additional risk involved in investing in the Fund compared to a conventional Australian equities fund.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/195960765.pdfJune, 2022
The Pendal MicroCap Opportunities Fund (Fund) is a portfolio of stocks in the rapidly expanding and highly diversified micro cap sector. The universe includes more than 1,100 companies listed on the ASX and NZX with a market capitalisation of generally less than $250 million.
Investors should be aware that due to the characteristics of micro cap companies there is some additional risk involved in investing in the Fund compared to a conventional Australian equities fund.
The Fund aims to provide a return (before fees, costs and taxes) that exceeds the S&P/ASX Small Ordinaries (TR) Index over the medium to long term. The suggested investment timeframe is five years or more.
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/189094363.pdfSeptember, 2020
The Fund outperformed the benchmark over the September quarter. Key contributors to performance were overweight positions in Adairs Limited, Bigtincan Holdings Limited and Codan Limited. Key detractors from performance were overweight positions in MNF Group Limited and Infomedia LTD.
The Australian equities market lost momentum during the last month of the quarter. The S&P/ASX 300 Accumulation index dropped by -3.6% in September; making its performance over the quarter flat (-0.1%). In contrast, whilst the Small Ordinaries also pulled back by -2.8% over the month, it finished the quarter with a gain of +5.7%. Small Resources (+0.9%) were the laggards when compared to Small Industrials (+6.9%), as some of the gold miners, and most of the energy companies underperformed on weaker commodity prices. In particular, oil slid in September as markets tempered expectations of the rebound in demand.
The impact of aircraft fuel is playing a role in this, however diesel demand has also been weaker than many would have expected by this point. Turning to sector performance, most of the sectors finished the quarter in the black. Consumer Discretionary (+26.1%) and Communication Services (+10.8%) both recorded double-digit gains, followed by Real Estate (+4.0%) and Materials (+2.9%). In contrast, Energy (-7.0%) was the worst performing sector over the quarter, followed by Utilities (-2.1%) and Healthcare (+0.5%).
File: https://commentary.quantreports.net/wp-content/uploads/2021/01/159533557.pdfticker: RFA0061AU
release_schedule: Quarterly
commentary_block: Array
factsheet_url:
Right sidebar -> Quick links -> provider’s own factsheet
Note: Only Quarterly report have the commentary.
https://investmentcentre.moneymanagement.com.au/factsheets/ALL/ltf3/pendal-microcap-opportunities
asset_class: Domestic Equity
asset_category: Australian Mid Cap
peer_benchmark: Domestic Equity - Mid Cap Index
broad_market_index: ASX Index MidCap 50 Index
structure: Managed Fund
manager_contact_details: Array
fund_features:
Pendal MicroCap Opportunities aims to provide a return (before fees, costs and taxes) that exceeds the S&P/ASX Small Ordinaries (TR) Index over the medium to long term. The Fund is actively managed and invests primarily in a portfolio of 40-60 Australian companies with market capitalization or free float of generally less than $150 million at initial investment that we believe are trading below their assessed valuation. The Fund may also invest in equivalent companies listed on the New Zealand Stock Exchange.