The information in this website is of a general nature only. It does not take into account your personal objectives, financial situation or needs. The information is not intended to constitute investment, legal or taxation advice as it is of a general nature only.
This document does not constitute an offer of units in a Lakehouse Capital Fund in any jurisdiction other than Australia or New Zealand. Applications for units in a Lakehouse Capital Fund from residents outside of Australia and New Zealand will not be accepted.
By clicking on the “I Confirm” button below you acknowledge the above statements and confirm that you are accepting this offer in Australia or New Zealand and/or that you are acting on behalf of a person who is a resident in one of those jurisdictions.
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$100,000 invested in the Fund would be worth approximately
$
$100,000$100,000 invested in the Benchmark would be worth approximately
$
173,400 ^ Performance calculations are based on the month end exit price with distributions reinvested, after fees and expenses, since inception in mid-November 2016.
* Benchmark: S&P/ASX Small Ordinaries Accumulation Index.
Past performance is not indicative of future returns.
^ Performance calculations are based on the month end exit price with distributions reinvested, after fees and expenses, since inception in mid-November 2016.
* Benchmark: S&P/ASX Small Ordinaries Accumulation Index.
Past performance is not indicative of future returns.
The Lakehouse Small Companies Fund invests in fast growing small companies listed in Australia and New Zealand. They’re not companies that most investors would’ve typically heard of. They’re much smaller, aren’t as widely followed, and have much more potential upside.
We’re also believers in backing our best ideas by running a concentrated strategy. The Fund will typically hold 15 to 30 high-conviction investments at a time, as we see little appeal in putting capital behind a 31st best investment idea.
Contributing to our mindset is: 1) our long-term time horizon, and 2) that very few companies meet our high standards. We also prefer to know our companies very well which better suits a concentrated strategy.
We consider the Fund’s divergence from the benchmark a positive as it is driven by our emphasis on quality and growth plus a willingness to take high-conviction positions. More specifically, at the position level the Fund is searching for companies that present the following characteristics:
- Strong positions in growing markets.
- Pricing power with customers and suppliers.
- Durable competitive advantages grounded in; scale, strong brands, network effects, or high customer switching costs.
- Aligned and experienced management teams with strong track records of capital allocation.
- Conservative balance sheets.
- Attractive valuations that afford upside to our estimate of fair value.
The Fund will typically hold 5% to 15% of its capital in cash, depending on the Investment Manager’s opinion of the prevailing opportunity set, and may hold up to 10% of its capital in unlisted companies expected to IPO within 12 months.
The fund’s objective is to outperform the S&P/ASX Small Ordinaries Accumulation Index over rolling 5-year periods.
| Name |
Lakehouse Small Companies Fund (ARSN 615 265 864) |
Available to: |
Investors in Australia & New Zealand |
| Investment Universe |
ASX- & NZX-listed smaller companies |
Liquidity |
Weekly applications & redemptions |
| Benchmark |
S&P/ASX Small Ordinaries Accumulation Index |
Minimum Investment |
Closed to new direct investors |
| Structure |
Open-ended unit trust for retail and wholesale investors |
Responsible Entity |
Equity Trustees Limited (ACN 004 031 298, AFSL number 240975) (EQT) |
| Portfolio Manager |
Joe Magyer |
Contact |
[email protected] (02) 8294 9800 |
How to Invest
- Read the Product Disclosure Statement
- Complete the online application form
- Transfer funds
New Investors
For your convenience, we’ve created this brief 3-minute instructional video to guide you through the application process. Includes details regarding immediate online ID verification, applying via an entity eg: SMSF, making payment via BPAY, and more.
Handy hint! Get prepared by having identity documents (such as driver’s licence and passport) along with tax file number, ready.
New Investor Application Form
Existing Investors: Adding to investment
To add to your investment simply BPAY the payment and Registry will confirm additional units in the Fund. No further action is required. Biller code: 261305.
As an existing investor you are able to make additional payments to top-up your investment in the Fund at any time. Existing investors who make additional payments via BPAY (using their investor profile ID number as the reference) do NOT need to fill out an application form. To add to your investment simply BPAY the payment and Registry will confirm additional units in the Fund.
Click here for more detail and step-by-step instructions, including where to find your investor profile ID number. *BPAY only payment assumes no changes to the beneficial owner.
Existing Lakehouse Global Growth Fund Investors: investing in the Lakehouse Small Companies Fund
Any existing Lakehouse Global Growth Fund investor who wants to apply for units in the Lakehouse Small Companies Fund — using the same entity — will have a much shorter application experience.
This brief 2-minute instructional video guides existing Lakehouse Global Growth Fund investors through the shortened application form. Includes details on a specific check-box to tick for identity purposes, and where to find your market value statement.
Application Form
For any questions about the application form please contact One Registry Services at: [email protected] or 02 8188 1510.
