NOW AVAILABLE – Now open to new investment.

Fund facts

Investor Type
Retail investors
Asset Class
Global Listed Equities
APIR
ETL0410AU
ASRN
146 874 820
PDS Date
November 2, 2015
Suggested Investment Period
At least 5 years
Distribution
Annually as at 30 June
Redemptions
Daily liquidity
Applications
Open to new investment
Wrap Access
On selected platforms including BT Wrap, Macquarie Wrap, Asgard and mFund. Please contact Spire Capital for further information.
Investment Partner

The Fund aims to outperform the MSCI World Small Cap Index $A by 2% to 3% p.a. gross over a full market cycle (e.g. 5 to 7 years).

The Fund is rated “Recommended” by both Lonsec and Zenith Investment Partners.

Copper Rock was nominated as a finalist in the 2015 Money Management / Lonsec Fund Manager of the Year 2015 – in the Emerging Manager category.

Copper Rock Capital Partners LLC (“Copper Rock”), based in Boston, MA, was founded in 2005 and provides specialised global equity investment management solutions for investors throughout the world with a strong focus on small-cap investing globally. Copper Rock had approximately $5.3 billion (USD) in funds under management as at June 30, 2018. Copper Rock believes that small and mid-cap markets are inefficient and uses a blend of quantitative and fundamental analyses to identify companies with superior growth rates relative to their peers.

The Global Small Cap strategy typically looks for resilient and defensible business models that are characterized by underlying unit growth, longer-term market share gains (an evidence of competitive strength), high profitability, and significant internal cash generation. Distinguishing elements of the process are also the application of a routinely practiced and proven Sell Discipline and Alert List that provide risk control and are crucial in preserving alpha earned in the portfolio.

  • The Fund will invest primarily in equity securities of US and non-US issuers listed on globally recognised exchanges of developed markets.
  • Investment in any one region or sector will generally be limited to +/- 6% relative to the Benchmark.
  • Investment in any one security will generally be limited to +/- 3.5% relative to the Benchmark.
  • The Fund may also invest up to 15% in emerging markets.
  • The securities in which the Fund may invest include common stocks, preferred stocks, convertible debt, depository receipts, rights and warrants.
  • The Fund may also invest in initial public offerings and private placements.
  • The Fund will generally hold between 80 and 120 securities.
  • The top 20 holdings will generally form 30% to 40% of the Fund.
  • The Fund will generally hold a maximum of 5% in cash.
  • The Fund will generally be unhedged, but there may be instances where the Fund has the ability to Hedge back into USD.
*Performance is for the Copper Rock Global Small Companies Commingled Fund and is based on month-end unit prices before tax in Australian dollars (AUD). The Spire Copper Rock Global Smaller Companies Fund is unit class of the Copper Rock Global Small Companies Commingled Fund. Gross performance is stated excluding all fees, costs and taxation. This is historical performance data. It should be noted the value of an investment can rise and fall and past performance is not indicative of future performance.

Ordinary Units

Performance as at 31 August 2019 Net Returns*
1 month-1.99%
3 months6.03%
6 months3.60%
1 year-4.69%
2 years p.a.6.16%
3 years p.a.6.98%
4 years p.a.3.46%
5 years p.a.8.49%
Since inception p.a.7.90%
Fund size$79.02 Million

*Performance is calculated using exit prices. Returns are the investment performance of the fund assuming the reinvestment of all distributions back into the fund. Past performance is not an indicator of future performance.

Date Entry Price Exit Price
19 September 2019$1.0156$1.0115
PeriodDistribution amount (cents per unit)Reinvestment/EX Price
30 June 2019 1.9156 CPU cash $0.9965
30 June 2018 6.9153 CPU cash $1.0116
30 June 2017 5.6915 CPU cash $0.9811
30 June 2016 13.1633 CPU cash $0.9212
30 June 2015 13.9636 CPU cash $1.1274