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Munro Global Growth Small & Mid Cap Fund

An actively managed, small-to-mid capitalisation global equity strategy designed to identify sustainable growth trends, and the resulting winning stocks.

Fund Overview

The Munro Global Growth Small & Mid Cap Fund aims to maximise long term capital appreciation by investing in a concentrated long-only portfolio of global growth oriented small and medium capitalisation companies.

Munro’s professional and active management of global SMID companies can add diversification across geography, size and sector when added to an investment portfolio.

The Fund invests in a concentrated long-only portfolio of 20 to 40 global growth oriented small and medium capitalisation (SMID) companies. These companies will span a range of industries and countries and have a market capitalisation of greater than USD 250 million and less than USD 30 billion.

Munro’s investment team has a proven track record in running global growth equity mandates since 2005, with a time tested investment process which aims to deliver attractive long term returns. This process is focused on the identification of sustainable growth trends that are underappreciated and mispriced by the market, and the resulting winners in the stock universe. The team will identify and invest in those companies that have the potential to grow at a faster rate and more maintainable basis than the overall market.

With thousands of global SMID companies available, many are misunderstood or overlooked by investors. Munro, via its investment management team and detailed investment process, aims to seek out and invest in some of the most innovative and fastest growing SMID companies in the world today.

Entry and exit prices are available here.

QUICKLINKS
FUND FACTS
  • APIRGSF0874AU
  • Inception date31 October 2023
  • DistributionsAnnually
  • Fund size at 30.06.2024$16.80 M
  • Units on Issue at 30.06.202412.23 M
HOW TO INVEST

Investment can be made using the Fund’s PDS or through key platforms, including:

  • HUB24 Investment
  • Netwealth IDPS
  • PowerWrap
  • Praemium Investment
Research opinion

Portfolio Value of $10,000 Invested

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Munro Global Growth Small & Mid Cap Fund Performance

As at
30 June 2024
Month % 3 Months % 1 Year % 3 Years % p.a. 5 Years % p.a. 7 Years % p.a. 10 Years % p.a. Since Inception1
% cum.
Fund2 (0.04) 4.15 N/A N/A N/A N/A N/A 38.50
Benchmark3 (1.55) (4.22) N/A N/A N/A N/A N/A 15.20
Over / (Under) 1.51 8.37 N/A N/A N/A N/A N/A 23.30

Munro Global Growth Small & Mid Cap Fund Performance Components

As at
30 June 2024
Month % 3 Months % 1 Year % 3 Years % p.a. 5 Years % p.a. 7 Years % p.a. 10 Years % p.a. Since Inception1
% cum.
Distribution4 0.80 0.83 N/A N/A N/A N/A N/A 1.10
Growth (0.84) 3.32 N/A N/A N/A N/A N/A 37.40
Total (0.04) 4.15 N/A N/A N/A N/A N/A 38.50

1 31 October 2023
Fund returns are calculated net of management fees and assuming all distributions are reinvested
3 MSCI ACWI SMID Cap NR AUD

Past performance is not a reliable indicator of future performance.

*All data is the property of MSCI. No use or distribution without written consent. Data provided “as is” without any warranties. MSCI assumes no liability for or in connection with the data.

IMPORTANT INFORMATION
This material has been provided for general information purposes only and must not be construed as investment advice. This material has been prepared without taking account of the objectives, financial situation or needs of individuals. Before making an investment decision in relation to a Fund, investors should consider the appropriateness of this information, having regard to their own objectives, financial situation and needs, and read and consider the product disclosure statement (PDS) for the Fund prior to making any investment decision. The PDS is available on this website or by calling 1300 133 451.

Past performance information provided on this website is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance. Investing involves risk including loss of capital invested. None of GSFM Responsible Entity Services Limited, its related bodies or associates nor any other person guarantees the repayment of capital or the performance of the Fund or any particular returns from the Fund. Please click on this link to read the disclaimers in full.

Investment Team

Qiao Ma

Qiao Ma

Partner & Portfolio Manager

Nick Griffin

Nick Griffin

Founding Partner, Chief Investment Officer, Climate Co-Lead

Jeremy Gibson

Jeremy Gibson

Partner & Portfolio Manager

Kieran Moore

Kieran Moore

Partner & Portfolio Manager

James Tsinidis

James Tsinidis

Partner & Portfolio Manager, Climate Co-Lead

FUND AT A GLANCE
  • High conviction portfolio of 20-40 companies that aims to deliver strong risk-adjusted returns
  • Adds diversification across geography, size and sector to an investment portfolio
  • Access to some of the most innovative and fastest growing SMID companies globally
  • Experienced investment team with a proven track record in managing global growth equities since 2005
  • The investment team invests in the fund, creating a strong alignment of interests between the team and the fund’s investors
  • Complements large cap global equity strategies

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