Eiger Australian Small Companies (HOW2967AU) Report & Performance

What is the Eiger Australian Small Companies fund?

Eiger Australian Small Companies Fund (The Fund) provides exposure to a select, actively managed portfolio of stocks with a small-medium level of capitalization listed, or expected to be listed, on the Australian Securities Exchange (ASX) and the New Zealand Securities Exchange (NZX). The Fund aims to outperform its benchmark over rolling five year periods (after fees.

  • The Fund provides access to a portfolio of small to medium sized companies diversified across all sectors in Australia and New Zealand.
  • Experienced investment professionals: access to a specialist investment team with over 60 years’ combined experience investing in small to medium companies.

Growth of $1000 Investment Over Time

Performance Report

Peer Comparison Report

Peer Comparison Report

Latest News & Updates For Eiger Australian Small Companies

Eiger Australian Small Companies Fund Commentary September 30, 2023

The S&P/ASX Small Ordinaries Index (XSO) declined by 1.9% during the quarter. The Small Industrials declined by 1.9%, while the Small Resources also declined by 1.9%. The XSO finished the month on a 2yr forecast P/E ratio of 15.8x which is 7.3% below its 5-year average. This valuation is a 6.1% premium to the ASX200.

The best performing sectors for the quarter were Energy (+27.4%), Wholesale, Distribution & Manufacturing (+18.7%), Retail (+12.9%) and Telecommunications (+12.2%). The worst performing sectors for the quarter were Metals & Mining – Critical Minerals (-26.7%), Metals & Mining – Base Metals (-18.8%), Biotechnology (-16.3%) and Industrial Technology (-15.6%).

The best performing stocks within the XSO Index during the quarter were Deep Yellow (DYL +74.2%), Megaport (MP1 +63.0%), Siteminder (SDR +58.6%), and Boss Energy (BOE +56.5%). Deep Yellow and Boss Energy are both exposed to the development and mining of uranium. The price of near term uranium futures have increased by 45% this year as nuclear energy is increasingly seen as the solution to zero carbon base load power. Boss Energy has also announced promising drilling results and is nearing production at its mine in South Australia. Megaport increased EBITDA guidance during the quarter.

READ HISTORICAL PERFORMANCE COMMENTARIES

Product Snapshot

  • Performance Review
  • Product Overview
  • Peer Comparison
  • Product Details

Performance Review

Fund Name Last Month
? Returns after fees in the most recent (last) month).
3 Months Return
? Returns after fees in the most recent 3 months.
1 Year Return
? Trailing 12 month returns.
3 Years Average Return
? Average Annual returns from the last 3 years.
Since Inc. Average Return
? Average (annualised) returns since inception
1 Year Std. Dev. (Annual)
? The standard deviation (or annual volatility) of the last 12 months.
3 Years Std. Dev. (Annual)
? The average standard deviation (or annual volatility) from the last 3 years.
Since Inc. Std. Dev. (Annual)
? The average standard deviation (or annual volatility) since the fund inception.
1 Year Max Drawdown
? The maximum drawdown in the last 12 months - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
3 Year Max Drawdown
? The maximum drawdown in the last 36 months - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
Since Inc. Max Drawdown
? The maximum drawdown since inception - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
Eiger Australian Small Companies4.04%4.58%9.45%-2.44%9.19%10.2%17.19%19.62%-5.47%-30.99%-30.99%

Product Overview

Peer Comparison

Product Details

Product Due Diligence

What is Eiger Australian Small Companies

Eiger Australian Small Companies is an Managed Funds investment product that is benchmarked against ASX Index Small Ordinaries Index and sits inside the Domestic Equity - Micro Cap Index. Think of a benchmark as a standard where investment performance can be measured. Typically, market indices like the ASX200 and market-segment stock indexes are used for this purpose. The Eiger Australian Small Companies has Assets Under Management of 21.38 M with a management fee of 1%, a performance fee of 1.20% and a buy/sell spread fee of 0.81%.

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Historical Performance Commentary

Performance Commentary - August 31, 2023

The S&P/ASX Small Ordinaries Index (XSO) decreased by 1.3% during the month. The Small Industrials decreased by 1.5%, while the Small Resources decreased by 0.9%. The XSO finished the month on a 2yr forecast P/E ratio of 17.1x which is 0.3% above its 5-year average. This valuation is a 9.6% premium to the ASX200.

The best performing sectors for the month were Wholesale, Distribution & Manufacturing (+11.7%), Retail (+9.2%), Automotive (+8.4%), and Precious Metals (+7.1%). The worst performing sectors were Biotechnology (-11.1%), Critical Minerals (-9.7%), Industrial Technology (-9.3%), and Base & Industrial Metals (-9.2%).

The best performing stocks within the XSO Index were Audinate (AD8 +48.3%), Deep Yellow (DYL +37.2%), Red 5 (RED +36.1%), and Baby Bunting (BBN +35.2%). Audinate’s FY23 results showed strong revenue growth and good cost control. Deep Yellow benefited from a stronger uranium price. Red 5 reported a strong profit result and Baby Bunting has had a better than expected start to FY24.

The worst performing stocks in the XSO index were Mesoblast (MSB -55.5%), Chalice Mining (CHN -39.6%), IRESS (IRE -38.3%), and Core Lithium (CXO -38.3%). Mesoblast failed again to convince the FDA to approve its first of a kind remestemcel-L biologic. Chalice released their Gonneville scoping study that contained a much higher capex estimate than expected and somewhat optimistic commodity price assumptions. IRESS reported its first operating result post its recent investor day and disappointed on almost every expected metric. Core Lithium continued to disappoint operationally requiring a further capital raise.

Performance Commentary - July 31, 2023

Performance Commentary - June 30, 2023

Performance Commentary - May 31, 2023

Performance Commentary - April 30, 2023

Performance Commentary - March 31, 2023

Performance Commentary - February 28, 2023

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