Australian Mid Cap
Overview
The Paradice Australian Mid Cap Fund was established in May 2017 by portfolio manager/analysts Matthew Riordan and John Lake.
The Fund typically invests in 40-60 companies listed outside of the S&P/ASX 50, providing investors with an exposure to a diversified portfolio of emerging Australian businesses.
We believe equity markets are often inefficient due to investor emotion, short-term thinking and too much reliance on a single aspect of a company’s financial health – it’s profit and loss statement. Our key focus is on management, current and future cash flows and the quality of the balance sheet.
Our expertise lies in evaluating a company’s market position taking into account all factors from balance sheet, macroeconomic drivers through an extensive visitation program.
Objective
The Paradice Australian Mid Cap Fund aims to outperform the composite benchmark of 70% of the S&P/ASX Mid Cap 50 Total Return Index and 30% of the S&P/ASX Small Ordinaries Total Return Index over a three to five year period (after management costs and before tax).
Fund Details
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APIR Code |
ETL8772AU |
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Distribution Frequency |
Semi-Annually |
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Management Fee |
1.10% p.a. |
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Performance Fee* |
15% p.a. |
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*Applies to the investment performance achieved by the Fund (after management fees and costs) in excess of the Benchmark. Refer to PDS for more information.
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Buy Sell Spread |
+/- 0.25% |
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Minimum Investment |
$20,000 |
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Stock Range^ |
Typically 40–60 |
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Cash Range^ |
0–10% |
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^These are typical target ranges, and do not represent the prescribed stock and cash limitations set for the Fund
Lead Portfolio Managers
John Lake
John joined Paradice in June 2006 from the BT Financial Group where he was a Portfolio Manager for their Smaller Companies Fund. John has 27 years’ experience in the Australasian equities markets, including a number of years as Head of Small Caps research for ABN AMRO Australia. John holds a Bachelor of Business Science Finance from the University of Cape Town and a Masters of Business Administration from Massey University.
Matthew Riordan
Matthew joined Paradice in May 2004 from BT Financial Group, where he was Head of the Smaller Companies Fund. Matthew has 28 years’ experience in portfolio management and analysis, having joined the BT (formerly Rothschild) smaller companies team in 1995. Matthew is a qualified Chartered Accountant and worked in the Corporate Recovery division of KPMG from 1992 to 1995. Matthew also holds a Bachelor of Commerce from University of New South Wales.
Latest Fund Factsheet
Performance History
Net Returns as at 31 October 2024
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1M
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3M
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1Y
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3Y
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5Y
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Since Inception
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Inception Date
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|---|---|---|---|---|---|---|---|
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Australian Mid Cap Fund - Class BBenchmark (2)Value Add
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-0.19% -1.46% 1.27% |
3.01% 2.93% 0.08% |
24.24% 25.13% -0.89% |
3.50% 3.74% -0.24% |
8.15% 8.56% -0.41% |
7.89% 8.91% -1.02% |
15 May 2017
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Benchmark: Composite Index: 70% of the S&P/ASX Mid Cap 50 Total Return Index + 30% of the S&P/ASX Small Ordinaries Total Return Index.
Past performance of the Fund is not a reliable indicator of future performance. The value of an investment in the Fund may rise or fall. Returns are not guaranteed by any person. Fund returns are calculated before tax and after ongoing management costs. Returns are annualised for time periods greater than 1 year. All returns are denoted in Australian dollars. For further information please refer to our Terms & Conditions page.
Daily Fund Unit Prices
Buy and sell prices for units in each of our funds are set daily.
|
APIR Code / Fund
|
Application ($)
|
Redemption ($)
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Effective Date
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History
|
|---|---|---|---|---|
|
ETL0365AU
Paradice Global Small Cap Fund
|
2.1438
|
2.1310
|
20/11/2024
|
|
|
ETL0739AU
Paradice Australian Small Cap Fund - Class B
|
1.3962
|
1.3878
|
20/11/2024
|
|
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ETL4624AU
Paradice Australian Small Cap Opportunities Fund Class A
|
1.2842
|
1.2766
|
20/11/2024
|
|
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ETL8084AU
Paradice Australian Equities Fund
|
1.5649
|
1.5587
|
20/11/2024
|
|
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ETL8096AU
Paradice Equity Alpha Plus Fund
|
1.5050
|
1.4960
|
20/11/2024
|
|
|
ETL8772AU
Paradice Australian Mid Cap Fund - Class B
|
1.2367
|
1.2305
|
20/11/2024
|
Reports & Documents
To view more of our reports and statements for the Fund please visit our Investor Centre.
Ready to Invest?
Individual investors
To begin investing please ensure that you have read the documents below including our Product Disclosure Statement (PDS) in which you will find The Application Form and Anti Money Laundering (AML/CTF) identity verification requirements:
To invest in our funds using our online application click below:
Alternatively, to submit your application via post, please send the completed Application Form and applicable AML/CTF documentation to:
Unit Registry Services – Paradice Investment Management
GPO Box 804, Melbourne VIC 3001
Financial advisers
For more information on available platforms please speak with our Representative on +612 8227 7400
Need some support?
If you have any questions regarding your existing investment or queries on making a new investment, please speak to one of our friendly staff or email us.
