Australian Small Cap Opportunities

Overview

The Paradice Australian Small Cap Opportunities Fund is a new strategy launched in 2023. It looks to build on the successful small cap investment ethos at Paradice, but with a limited Funds Under Management (FUM) to help maximise investor returns through alpha generation.

This ethos relates to our view that equity markets are inefficient and therefore offer excellent investment opportunities over time. The inefficiencies arise due to excesses in investor emotion, a focus on short term investment horizons and, on occasion, a sole focus on one aspect of a company’s financial health – its profit and loss statement.

We believe a specific focus on cashflow and on the medium-term investment case for a company is critical – and that being able to look through short term earnings and market volatility is an important source of alpha.

We look for quality businesses that are not overly complex in nature, with strong balance sheets, great management teams and Boards. We diligently implement our investment process which has a strong focus on risk, and supplement this with an extensive company visitation program.

The Fund typically invests in 30-70 companies listed outside of the S&P/ASX 100, providing investors with an exposure to a diversified portfolio of emerging Australian businesses.

The strategy is implemented by two experienced portfolio manager/analysts in Sam Theodore and Michael Peet – both of whom have strong alignment to the investment performance of the strategy through the remuneration model and fund co-investment.

Objective

The Paradice Australian Small Cap Opportunities Fund aims to outperform the S&P/ASX Small Ordinaries Total Return Index over the longer term, after fees and before taxes.

Fund Details

APIR Code
ETL4624AU
Distribution Frequency
Semi-Annually
Management Fee
1.00% p.a.
Performance Fee*
20% p.a.

*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.

Buy Sell Spread
+/- 0.30%
Minimum Investment
$20,000
Stock Range^
Typically 30–70
Cash Range^
0–10%

^These are typical target ranges, and do not represent the prescribed stock and cash limitations set for the Fund

Portfolio Managers

Sam Theodore

Sam is the lead Portfolio Manager of the Paradice Australian Small Cap Opportunities Fund, and has over 19 years of financial market experience. Prior to joining Paradice, Sam was the Portfolio Manager for the Australian High Conviction Long Short Fund at Blackrock, and prior to that role was an Analyst/Portfolio Manager for the Blackrock Concentrated Industrial Share Fund. Prior to his time at Blackrock, Sam was a senior research analyst at UBS where he held numerous roles including lead coverage of the Gaming and Entertainment sector, Mining Services and Contractors, Paper/Packaging, Media as well as leading the Small Cap Research team. Sam holds a Bachelor of Commerce (Accounting Major) and Bachelor of Laws from Macquarie University.

Michael Peet

Michael is a Portfolio Manager / Analyst in the Paradice Australian Small Cap Opportunities Fund, and has 30 years of financial market experience. Prior to joining Paradice, Michael spent 7 years as the head of Emerging Companies research at Goldman Sachs. Prior to that, Michael held positions at CBA Equities, Yaz Investments, Alliance Bernstein, UBS and County NatWest. Michael holds a Bachelor of Applied Science from University of Technology Sydney and a Master of Commerce from the University of NSW.

Latest Fund Factsheet

Performance History

Net Returns as at 30 June 2024

1M
3M
1Y
3Y
5Y
Since Inception
Inception Date
Australian Small Cap Opportunities Fund - Class ABenchmark (1)Value Add

-2.11%

-1.39%

-0.72%

2.14%

-4.46%

6.60%

-

-

-

-

-

-

-

-

-

26.95%

5.36%

21.59%

20 Jul 2023

Benchmark: 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. Performance fees from inception to 30 June 2024 were waived.  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 ($)
Redemption ($)
Effective Date
History
ETL0365AU
Paradice Global Small Cap Fund
2.1958
2.1826
22/07/2024
ETL0739AU
Paradice Australian Small Cap Fund - Class B
1.3312
1.3232
22/07/2024
ETL4624AU
Paradice Australian Small Cap Opportunities Fund Class A
1.1891
1.1819
22/07/2024
ETL8084AU
Paradice Australian Equities Fund
1.4142
1.4086
22/07/2024
ETL8096AU
Paradice Equity Alpha Plus Fund
1.3646
1.3564
22/07/2024
ETL8772AU
Paradice Australian Mid Cap Fund - Class B
1.1287
1.1231
22/07/2024

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:
  1.  The Product Disclosure Statement (PDS), Application Form and, Anti Money Laundering (AML/CTF).

    • Class A PDS AU Read here

  2. The Target Market Determination Read here
  3. The Financial Services Guide Read here
  4. The Reference Guide Read here

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.

General Enquiries

Institutional Sales Enquiries

Retail Sales Enquiries

Paradice Funds

Subscribe to our newsletter for updates.

Visit our site for individuals and financial advisors.

Visit our site for institutional investors.