Australian Unit Trust - Langdon Global Smaller Companies Fund

overview

The Langdon Global Smaller Companies Fund (the ‘Fund’) is a concentrated, high conviction portfolio of 25-40 companies.

We seek to invest in high-quality cash generative smaller companies run by talented and long-term oriented teams that are fundamentally undervalued.

The Fund aims to outperform the MSCI World Small Cap Net Index over the long term.

Product Disclosure Statement (PDS)

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Target Market Determination (TMD)

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Fund Facts

Quick Facts

APIR
WHT7072AU
Benchmark
MSCI World Small Cap Net Index priced in AUD
Portfolio Allocation1
Global Equities: 90-100%, Cash: 0-10%
Number of Holdings
Approximately 25-40
Investment Horizon
5 - 7 years
Risk
Very high
Minimum Investment
A$25,000
Distribution Frequency
Annual
Responsible Entity
Pinnacle Fund Services Limited

Quick Facts

APIR
Distribution Frequency
Minimum Investment
WHT7072AU
Annual
A$25,000
Benchmark
MSCI World Small Cap (MXWOSC Index) priced in AUD
Number of Holdings
Responsible Entity
Investment Horizon
5 - 7 years
Pinnacle Fund Services Limited
Approximately 25-40
Portfolio Allocation
Global Equities: 90-100%, Cash: 0-10%

Quick Facts

APIR
Minimum Investment
Minimum Investment
Risk
WHT7072AU
A$25,000
Very high
Benchmark
MSCI World Small Cap Net Index priced in AUD
Number of Holdings
Responsible Entity
Responsible Entity
Investment Horizon
Distribution Frequency
5 - 7 years
Annual
Pinnacle Fund Services Limited
Approximately 25-40
Portfolio Allocation1
Global Equities: 90-100%, Cash: 0-10%

1 The above portfolio allocation ranges are indicative only. The Fund will be rebalanced within a reasonable period of time should the exposure move outside of the above ranges.

This product is intended for use as a minor allocation for a consumer who is seeking capital growth and has a Very high risk /return profile for that portion of their investment portfolio. It is likely to be consistent with the financial situation and needs of a consumer with a 5-7 year investment timeframe and who is unlikely to need to withdraw their money on less than one week’s notice. View the Target Market Determination(TMD) here.

Net Performance1

Fund
Benchmark
Value added
1 mth
-2.3%
-4.7%
2.5%
3 mth
4.2%
3.7%
0.5%
1 year
14.1%
12.0%
2.2%
Since Inception
19.4%
12.4%
7.0%

1Performance numbers as of 30 April 2024. Inception of Fund is 27 June 2022. Performance numbers less than one year are cumulative while numbers greater than one year are annualized. Past performance is no guarantee of future results. Benchmark is MSCI World Small Cap Net Index for all periods. Please note that the Benchmark from inception to September 22, 2023, was MSCI World Small Cap Index.

Unlike the rest of the figures on the Net Performance Summary table, this figure has not been rounded to one decimal place in order to avoid any possible confusion and/or misunderstanding

Portfolio

Net Performance

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Latest Reports

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Unit Prices & Distributions

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Unit prices are net of fees & do not include distributions.

UNIT PRICE HISTORY

Langdon Global Smaller Companies Fund – Class A

Date
Net Entry Price
NAV
Net Exit Price
Distribution
2024-05-21
1.4551
1.4507
1.4463
2024-05-20
1.4571
1.4527
1.4483
2024-05-17
1.4461
1.4418
1.4375
2024-05-16
1.4428
1.4385
1.4342
2024-05-15
1.4281
1.4238
1.4195
Unit prices are net of fees & do not include distributions. For historical data, download the PDF using the download button above the table.

Portfolio

RATINGS

Langdon Global Smaller Companies Fund has been rated ‘Recommended’ by Zenith Investment Partners and Lonsec Research and ‘Favourable’ by SQM Research.

Further Information on our Ratings can be found in the Disclaimer section below.

Langdon Global Smaller Companies Fund has been rated ‘Recommended’ by Zenith Investment Partners and ‘Favourable’ by SQM Research.

Further Information on our Ratings can be found in the Disclaimer section below.

Distribution of meeting-related documents and annual reports to unitholders of Langdon Global Smaller Companies Fund ARSN 657 901 614

Unitholders who would like to receive meeting-related documents such as notices of meeting and annual reports in physical form must notify Pinnacle Client Service by phone on 1300 010 311 or email service@pinnacleinvestment.com​. Unitholders who do not wish to receive annual reports or would like to receive meeting-related documents and annual reports in electronic form may also notify Pinnacle Client Service by phone or email. 

Unitholders may also make an ad hoc request for a particular document1 to be sent in physical or electronic form. 

Unitholders who do not notify Pinnacle Client Service of their communication preferences and have provided a valid email address will receive meeting-related documents and annual reports in electronic form.

1 a document that relates to a meeting of the members of the registered scheme; a report mentioned in s314 of the Corporations Act, including a financial report, directors report and auditor’s report; a notice of members rights provided under s 110K of the Corporations Act; or a document prescribed by the Corporations Regulations 2001 (Cth).

disclaimer

Any performance data relating to the Australian Fund is strictly intended and limited to Australian unit holders and in no way is meant to be considered by anyone else for any other purposes.

This webpage is prepared by Langdon Equity Partners Limited (‘Langdon’) as the investment manager of the Langdon Global Smaller Companies Fund (ARSN 657 901 614) (the ‘Fund’). Langdon has been granted registration in the category of Exempt Market Dealer, Portfolio Manager and Investment Fund Manager in the province of Ontario. The firm's National Registration Database registration number is 73210. Pinnacle Fund Services Limited ('PFSL’) (ABN 29 082 494 362, AFSL 238371) is the product issuer of the Fund. PFSL is not licensed to provide financial product advice. PFSL is a wholly-owned subsidiary of the Pinnacle Investment Management Group Limited (‘Pinnacle’) (ABN 22 100 325 184). It contains general information only. It is not intended as a securities recommendation or statement of opinion intended to influence a person or persons in making a decision in relation to investment. It has been prepared without taking account of any person’s objectives, financial situation or needs. Any persons relying on this information should obtain professional advice before doing so. The Product Disclosure Statement (‘PDS’) and Target Market Determination (‘TMD’) of the Fund are available via the links below. Any potential investor should consider the PDS and TMD before deciding whether to acquire, or continue to hold units in, the Fund.

Link to the Product Disclosure Statement: here

Link to the Target Market Determination: here

For historic TMD’s please contact Pinnacle Client Service Phone 1300 010 311 or Email service@pinnacleinvestment.com  

Past performance is for illustrative purposes only and is not indicative of future performance. Neither PFSL nor Langdon guarantees repayment of capital or any particular rate of return from the Fund. There can be no assurance that the Fund will achieve its investment objectives. The value of your units at any point in time may be worth less than your original investment even after taking into account the reinvestment of Fund distributions. Returns are not guaranteed, and you may lose some or all of your money. The specific risks associated with investing in the Fund, and the risks associated with the Fund’s investments, are discussed in Section 5 of the Product Disclosure Statement. Neither PFSL nor Langdon gives any representation or warranty as to the currency, reliability, completeness or accuracy of the information contained in this website. All opinions and estimates included in this website constitute judgments of Langdon as at the date of website creation and are subject to change without notice.

While Langdon Equity Partners Limited (‘Langdon’) and PFSL believe the information contained in this communication is reliable, no warranty is given as to its accuracy, reliability or completeness and persons relying on this information do so at their own risk. Subject to any liability which cannot be excluded under the relevant laws, Langdon and PFSL disclaim all liability to any person relying on the information contained in this communication in respect of any loss or damage (including consequential loss or damage), however caused, which may be suffered or arise directly or indirectly in respect of such information. This disclaimer extends to any entity that may distribute this communication.

The Zenith Investment Partners ('Zenith') (ABN 27 103 132 672, AFSL 226872) rating (assigned WHT7072AU - November 2023)  referred to in this piece is limited to “General Advice” (s766B 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, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. 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. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines.

The rating issued 05/2024 is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2024 Lonsec. All rights reserved.

The rating contained on this page is issued by SQM Research Pty Ltd ABN 93 122 592 036AFSL 421913. SQM Research is an investment research firm that undertakes research on investment products exclusively for its wholesale clients, utilising a proprietary review and star rating system. The SQM Research star rating system is of a general nature and does not take into account the particular circumstances or needs of any specific person. The rating may be subject to change at any time. Only licensed financial advisers may use the SQM Research star rating system in determining whether an investment is appropriate to a person’s particular circumstances or needs. You should read the product disclosure statement and consult a licensed financial adviser before making an investment decision in relation to this investment product. SQM Research receives a fee from the Fund Manager for the research and rating of the managed investment scheme.