Ironbark Karara Australian Small Companies Fund

  • Asset Class
  • Australian Equities
  • Responsible Entity
  • Ironbark Funds Management (RE) Ltd
  • APIR
  • PAT0002AU
  • ARSN
  • 114 291 486
  • Benchmark
  • S&P/ASX Small Ordinaries Accumulation Index
  • Suggested Investment Period
  • At least 5 years
  • Fund Inception Date
  • 30 June 2005
  • Number of Stocks
  • 25 - 55
  • Income Distribution
  • Half yearly (June & December)
  • Buy/Sell
  • +0.25%/-0.25%

Unit Price as at

2 February 2012

CURRENCY

AUD

REDEMPTION PRICE

2.3239

PURCHASE PRICE

2.3356

Unit price history

Overview

The investment objective of the Ironbark Karara Australian Small Companies Fund is to outperform the benchmark, the S&P/ASX Small Ordinaries Accumulation Index, before fees over rolling 4-year periods.

Investment strategy
The Fund will primarily invest in securities of companies not included in the S&P/ASX 100 Index, however up to 15% of the Fund may be invested in securities included in the S&P/ASX MidCap 50 Index. The Fund may invest in securities of unlisted companies but usually only where the companies are expected to list within six months of the date of purchase.

The Fund may invest in derivatives, provided they are not used to gear the Fund.

The following portfolio construction guidelines will generally apply:

* The Fund will invest in 25-55 companies.
* Cash is limited to 15% of the Fund’s net assets.
* Up to 10% of the Fund’s net assets can be invested in unlisted securities.
* Up to 15% of the Fund’s net assets can be invested in securities of companies included in the S&P/ASX MidCap 50 Index 1.

Note: These guidelines may be adjusted from time to time.

Important Information

Please see the Product Disclosure Statement (PDS) for further details. Although the above information is taken from sources believed to be accurate, no warranty is given as to its accuracy, completeness or availability. Pricing: For daily priced funds, unit prices are calculated each business day based upon the net value of each fund divided by the number of units on issue in each fund. Unit prices may be delayed following the end of a distribution period or for other reasons. The Buy/Sell spread is applied to increase the purchase unit price by an allowance for the estimated costs of the purchase of assets in the fund and to reduce the redemption unit price by an allowance for the estimated costs of the sale of assets in the fund.

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Downloads

Product Disclosure Statement (2.1MB)
Updated 03/10/2011
Monthly Report - Previous Month (111.4KB)
Updated 12/12/2011
Monthly Report (111.5KB)
Updated 12/01/2012
Factsheet (463.7KB)
Updated 23/08/2010
Withdrawal Form (93.3KB)
Updated 23/11/2011
IronbarkKararaQuarterly December2011 (129KB)
Updated 18/01/2012
Annual Financial Report 2011 (6.1MB)
Updated 04/10/2011
Ironbark Karara Australian Small Companies Fund Constitution (1.7MB)
Updated 03/10/2011
Australian Standard Transfer Form (95.6KB)
Updated 08/07/2011

Ironbark Karara Australian Small Companies Fund Dec 2011 quarterly update

Overview

David Slack, Managing Partner and Investment Manager (Karara Capital), provides a quarterly update for the Ironbark Karara Australian Small Companies Fund. David discusses general equity market conditions, the contributors and detractors to the Fund’s quarterly performance and a brief outlook for the market.

Recorded: 23 Jan 2012 (5 mins 06 sec). Please refer to the support material for further information.

Support Material

IronbarkKararaQuarterly December2011 (129.1KB)

Important Information

Prepared by Ironbark Asset Management Pty Limited ABN 53 136 679 420 AFSL 341020 (‘Ironbark’). This video is intended to provide a general outline of the Ironbark Funds and is not an offer of securities or financial products, nor is it financial product advice. As this has been prepared without taking account of any investors' particular objectives, financial situation or needs, you should consider its appropriateness having regard to your objectives, financial situation and needs before taking any action. Units in the Fund are issued by Ironbark Funds Management (RE) Ltd ABN 94 106 888 662 AFSL 284442 (‘Ironbark RE’), a wholly owned subsidiary of Ironbark. To acquire units in the Fund, complete the application form that accompanies the current product disclosure statement for the Fund, which you can obtain from www.ironbarkam.com or by calling Client Services on 1800 034 402. You should consider the product disclosure statement in deciding whether to acquire, or to continue to hold units in the Fund.

Although non-Ironbark specific information has been prepared from sources believed to be reliable, we offer no guarantees as to its accuracy or completeness. Opinions and estimates involve a number of assumptions which may not prove valid and may be changed without notice. Past performance is not an indicator of future results. Any performance forecasts are not promises of future performance and are not guaranteed. Opinions expressed may change and are correct as at the time of filming as shown in the video details. This commentary describes some current internal investment guidelines and processes. These are constantly under review, and may change over time. Consequently, although this commentary is provided in good faith, it is not intended to create any legal liability on the part of Ironbark, and does not vary the terms of the relevant product disclosure statement. All dollars are Australian dollars unless otherwise specified and all indices are copyrighted by and proprietary to the issuer of the index.
© 2010 Ironbark Asset Management