DMXASF is a long-only equity fund that primarily invests in ASX-listed smaller companies, with the ability to invest up to 20% in NZX-listed and up to 10% in unlisted securities. The objective of the Fund is to generate strong absolute returns for its investors over the medium and long term. To achieve this objective, the Fund invests in a carefully-constructed portfolio of smaller companies that we consider are yet to be recognised by the broader market and therefore offer the potential for meaningful returns over time.
DMXASF employs a replication strategy whereby it seeks to replicate at least 50% of the positions/exposures within the highly successful DMX Capital Partners portfolio, while blending a number of slightly larger (though still relatively small) companies. The Fund may be characterised as micro and small-cap focused (with a principal focus on $20m-$500m market value companies).
Features & Benefits
- 30-40 best ideas portfolio
This targeted holding number provides a good balance between concentrating capital into high-conviction ideas, while ensuring diversification principles are adhered to.
- Smaller company focus
This provides exposure to a basket of companies that have asymmetric return potential. It also means a idiosyncratic portfolio exposures that might perform quite differently from other portfolios/assets and thus blend well as part of investors’ broader asset allocation programme.
- Flexibility to invest in NZX-listed or unlisted securities
We’re wholly focused on identifying quality opportunities in Australian listed smaller companies. But if incidental to our process we identify a NZX-listed security, or have an excellent opportunity in an unlisted security, we have flexibility to take advantage of these in a limited way. This provides investors with the potential to benefit from unexpected, unconventional or otherwise difficult-to-access opportunities from time-to-time.
Michael Haddad, Chris Steptoe
Open to Wholesale Investors only
Wholesale Unit Trust
Fundhost Limited (AFSL 233045)
Growth of $100,000 investment over time
Performance (net of all fees)
|Performance||5 Year||3 Year||1 Year||Since inception annualised|
|DMX Australian Shares Fund||N/A||N/A||N/A||31% p.a|
|S&P/ASX 200 Total Return Index||N/A||N/A||N/A||17.75% p.a|
|Relative Performance||N/A||N/A||N/A||13.25% p.a|
*Inception date: 1st March 2021
Past performance is not a reliable indicator of future performance. DMX Asset Management do not guarantee investment performance or distributions, and the value of your investment may rise or fall.
Management fees and expenses cap
15.38% ** of the amount by which the Fund outperforms its benchmark over a calculation period, subject to a high-water mark
RBA Cash Rate plus 5%
*Management fees and expenses cap excludes performance fee, abnormal expenses and transation costs.