Oc Funds Management
Fund Description The OC Micro-Cap Fund is a long-only, benchmark-unaware unit trust with a target investment universe of securities listed, or about to list, on the ASX or the New Zealand Stock Exchange.
Objective The Fund aims to provide investors with strong long-term capital growth by investing in micro-cap companies with sustainable business models and attractive investment qualities.
Stock range 25 - 60 stocks
Cash limit 0 - 20%
Management fee 1.20% p.a. (including GST net of RITC)
Performance fee 20.5% (including GST net of RITC) of the difference between the Fund's daily return and its benchmark (provided returns are positive)
Performance hurdle S&P/ASX Emerging Companies Accumulation Index
High-water mark Yes
Buy/sell spread 0.30%
Minimum investment $5,000
Redemptions payable Usually within 7 days
Distributions Yearly (30 June)
Entry fee Nil
Exit fee Nil
Distribution Reinvestment Plan Available
APIR code OPS0004AU
ISIN code AU60OPS00040

KEY FEATURES

"Our view is that equity markets can be emotional, backward looking and inefficient, particularly among smaller companies where there can be a lot of market 'noise'. We are looking to exploit mis-pricing opportunities in the micro-cap space where we believe the market-pricing mechanism isn't always efficient."


PORTFOLIO

  • Diversified portfolio of micro-cap equities that offer compelling investment opportunities
  • Designed for investors seeking diversification and strong capital growth over the long term
  • Suitable for those looking to complement their core direct large and mid-cap Australian equities holdings


PEOPLE

  • Managed by OC, a highly rated and seasoned smaller companies investment manager
  • Supported by a long-standing and well-resourced team, Head of Investments, Robert Frost, has successfully managed small and micro-cap portfolios since 2001


PROCESS

  • Investors gain exposure to the team's proven bottom-up, benchmark-unaware and internally driven investment process that has delivered investors strong long-term returns across all market cycles
  • OC has strong relationships with management teams and a deep understanding of the Australian micro-cap space which gives OC unique insight and deep understanding of the companies in which the team invests


PERFORMANCE

  • The Fund has a long-term track record of generating alpha for investors through a wide variety of markets

 

Downloads

 

 

PRICE

Prices at 19/10/2017 Application Price Net Asset Value Redemption Price Unit Price History
OC Micro-Cap Fund 2.1459 2.1395 2.1331 Click Here

* Please note the unit prices ex-distribution post 30 June 2017.

 

 

 

 

PERFORMANCE

To 30 September 2017 1 Month 3 Month 6 Month 1 Year 3 Years (p.a.) 5 Years (p.a.) Since incep (p.a.)
OC Micro-Cap Fund 3.3% 10.7% 10.1% 8.8% 15.2% 18.1% 13.6%
S&P/ASX Emerging Companies Accumulation Index 3.3% 8.9% 3.8% -4.3% 7.5% 0.1% 4.2%
Outperformance 0.0% 1.8% 6.3% 13.1% 7.7% 18.0% 9.4%

In October 2016, the OC Concentrated Equity Fund became the OC Micro-Cap Fund. The Fund previously comprised three underlying investment strategies, one of which, the Emerging Leaders strategy, is now the primary underlying investment strategy of the OC Micro-Cap Fund.

Past performance is not a reliable indicator of future performance. The total return performance figures quoted are historical, calculated using end-of-month mid prices and do not allow for the effects of income tax or inflation. Total returns assume the reinvestment of all distributions. The performance is quoted net of all fees and expenses. The indices do not incur these costs. This information is provided for general comparative purposes. Positive returns, which the OC Micro-Cap Fund (the Fund) is designed to provide, are different regarding risk and investment profile to index returns. A performance fee of 20.5% is accrued daily on any excess performance (after deducting the management fee) above the performance benchmark within a performance period. Any accrued performance fee will become payable if the Fund's return is positive at the end of the performance period. If the Fund's return is negative, any performance fee accrual will continue to be carried forward.

The performance benchmark is the return of the S&P/ASX Emerging Companies Accumulation Index.

The inception date of the S&P/ASX Emerging Companies Accumulation Index is 31 December 2003.

PLATFORMS

  • Ausmaq
  • BT Wrap
  • FirstWrap (IDPS and Super)
  • Linear
  • Macquarie Wrap
  • Macquarie Wrap (Super)
  • netwealth (IDPS and Super)

More information

John Clothier, General Manager, Distribution

M +61 408 488 549 | E jclothier@copiapartners.com.au

RATING

 

 

Lonsec and Zenith

 

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More information

John Clothier, General Manager, Distribution

M +61 408 488 549 | E jclothier@copiapartners.com.au

Lonsec and Zenith require that you must be an AFSL holder or an authorised representative to view their reports.


The Lonsec Rating (assigned March 2017) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 61 AFSL 421 445. The Rating is limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold OC Funds Management’s product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria. For further information regarding Lonsec’s Ratings methodology, please refer to our website at: http://www.lonsecresearch.com.au/research-solutions/our-ratings

The Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating (assigned February 2017) referred to in this document is limited to “General Advice” (as defined by the 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. 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. Zenith usually charges the product issuer, fund manager or a related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessment’s and at http://www.zenithpartners.com.au/RegulatoryGuidelines.