OC MICRO-CAP

OC MICRO-CAP

  • Gain access to a portfolio of micro-cap Australian companies that offer compelling investment opportunities
  • Opportunity to diversify your portfolio and complement your larger Australian equity holdings
  • Potentially achieve strong long-term capital growth
  • The team focuses on managing risk and preserving your capital

OC’s Micro-Cap portfolio is designed for investors seeking portfolio diversification and strong capital growth over the long term. In seeking to achieve this, the team invests in micro-cap Australian companies with sustainable business models and attractive investment qualities.

Features

Manager OC Funds Management
Responsible entity Copia Investment Partners
Inception date October 2016
(the Fund was previously the OC Concentrated Equity Fund which was established in December 2003)
Benchmark S&P/ASX Emerging Companies Accumulation Index
Objective To provide a total return (after fees and expenses) of 5% plus in excess of the benchmark over a rolling five-year period
Investment time frame At least 5 years
Fees Management fee
1.20% p.a. (including GST net of reduced input tax credits (RITC)) of the net asset value (NAV) of the fund
Performance fee
20.5% (including GST and net of RITC) of any excess performance (after deducting the management fee) above the benchmark S&P/ASX Emerging Companies Accumulation Index
Number of stocks 25 – 60
Suitable investors
  • Investors seeking capital growth through a diversified exposure to micro-cap companies
  • Those looking to complement their direct large-cap Australian equity holdings or large-cap Australian equity managed funds
  • Investors seeking an active investment approach
  • Those with an investment horizon of five years or more
Platforms and ratings
Ratings   
Platform availability  

Disclaimer
The Lonsec Rating (assigned March 2018) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 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 Ralton Asset 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: https://www.lonsecresearch.com.au/research-solutions/our-ratings

The Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating (assigned February 2018) 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.

PERFORMANCE

To 30 September 2018 1 Mth 3 Mths 6 Mths 1 Yr 3 Yrs (p.a.) 5 Yrs (p.a.) Since inception (p.a.) (Nov 2003)
OC Micro-Cap Fund 1.3% 1.7% 5.9% 20.9% 17.3% 18.6% 14.1%
S&P/ASX Emerging Companies Accumulation Index -0.1% -2.5% -2.4% 10.4% 13.7% 6.1% 4.6%
Outperformance 1.4% 4.2% 8.3% 10.5% 3.6% 12.5% 9.5%

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.

PRICE

Prices at 19/10/2018 Application Price Net Asset Value Redemption Price Unit Price History
OC Micro-Cap Fund 2.2083 2.2017 2.1951 Click Here

OC Funds calculate cum-distribution, hard-close unit prices as at the last day of month, trading day or non-trading day,  for performance measurement purposes only.

DISTRIBUTION

Distribution frequency Yearly
 29 June 2018 distribution CPU (cents) 17.6781
 Cum distribution exit price (AUD) 2.4142
 Ex distribution exit price (AUD) 2.2377
 Ex distribution NAV price used for reinvestment (AUD) 2.2445

 

Please note, distributions are payable on soft-close unit prices as at the last trading day of the distribution period. 

DOCUMENT LIBRARY

Fund Updates

Brochures

Corporate profile About OC Funds Management
Fact sheet About the OC Micro-Cap Fund
Significant Investor Visa About the SIV and the OC Micro-Cap Fund

PDS and forms

PDS and application Apply for units in the OC Micro-Cap Fund
Additional investment form Add to your investment in the OC Micro-Cap Fund
Income distribution election
Change of contact details
Change of adviser
Change of bank account

Research reports and FSC

Lonsec
Contact John Clothier, General Manager, Distribution
P +61 408 488 549
E jclothier@copiapartners.com.au
Zenith
FSC