The Ophir Opportunities Fund

The Ophir Opportunities Fund is a long only, small cap Australian equities fund. The Fund typically invests in 25-40 companies listed outside of the S&P/ASX 100. Utilising Ophir’s extensive fundamental, bottom-up research process, the Fund focuses on identifying high quality emerging businesses exposed to structural growth opportunities.

With a bias toward cash generative businesses with sound balance sheets and highly capable management teams, the Fund seeks to identify these opportunities early in a company’s life cycle, when it is typically under-researched and under-valued by the investment market.

We note the Ophir Opportunities Fund is currently closed to new investors. The Ophir High Conviction Fund utilises the same investment process, can also invest in mid-cap companies and has an approximately 50% overlap in stock holdings. It is available to new investors and its fund page can be found here.

+26.3% p.a.

+26.3% p.a.

Annualised Return Since Inception

(net of fees)

441.8%

441.8%

Total Return Since Inception

(net of fees)

$2.2193

$2.2193

Monthly Unit Price as at 31 October 2019

August 2012

August 2012

Inception

The Ophir Opportunities Fund


Net Return on $100k Invested at Inception.

The above chart represents the return on $100,000 invested in the Ophir Opportunities strategy at its inception on 4 August 2012, net of all management fees and assuming reinvestment of distributions. No allowance has been made for tax. Please note that past performance is not a reliable indicator of future performance.

Ophir Opportunities Fund Date Entry ($) Mid ($) Exit ($) Unit Price History
Monthly Unit Price 31/10/2019 2.2271 2.2193 2.2115 Click Here
Net Performance as at 31 October 2019.
1 month 3 month 1 Year 3 Year p.a. 5 Year p.a. Since Inception p.a.
Ophir Opportunities Fund^ -0.5% 4.4% 35.0% 19.9% 25.4% 33.2%
Benchmark* -0.5% -1.8% 14.4% 10.4% 9.6% 7.7%
Value Add (Gross) 0.0% 6.2% 20.5% 9.5% 15.8% 25.5%
Fund Return (Net)^^ -0.6% 2.9% 29.2% 17.2% 20.9% 26.3%
^Gross performance (pre all fees) assuming all distributions re-invested from reception
*S&P/ASX Small Ordinaries Accumulation Index (XSOAI)
^^Net Return after all Fees for Ophir Opportunities Fund – Ordinary Class

This information refers to investments in the Ophir Opportunities Fund (Fund). The trustee and manager of the Fund is Ophir Asset Management Pty Ltd (ABN 88 156 146 717) (Ophir). Ophir is authorised to provide financial services to wholesale clients only (as defined under s761G or s761GA of the Corporations Act 2001 (Cth)). This information is intended only for wholesale clients and must not be forwarded or otherwise made available to anyone who is not a wholesale client. Only investors who are wholesale clients may invest in the Fund. This is general information only and is not intended to provide financial product advice to any person. No aspect of this information takes into account the objectives, financial situation or needs of any person. Before making an investment decision, you should read the relevant offer document and (if appropriate) seek professional advice to determine whether the investment is suitable for you. Ophir does not guarantee repayment of capital or any particular rate of return from the Fund. An investment may achieve a lower than expected return and investors risk losing some or all of their principal investment. Past performance is no indication of future performance.

ENQUIRE

We note the Ophir Opportunities Fund is currently closed to new investors. The Ophir High Conviction Fund utilises the same investment process, can also invest in mid-cap companies and has an approximately 50% overlap in stock holdings. It is available to new investors and its fund page can be found here.

FUND DETAILS

APIR Code OPH0001AU
Benchmark S&P/ASX Small Ordinaries Accumulation Index (XSOAI)
Investment Manager Ophir Asset Management Pty Ltd
Trustee Ophir Asset Management Pty Ltd
Portfolio Managers Andrew Mitchell & Steven Ng
Inception Date 3 August 2012
Stock Holdings 25-40 Stocks
Cash Distributions Annually
Applications/Redemptions Monthly
Client Risk Profile Growth
Recommended Investment Period At least 5 years
Fees and Charges Management Fee: 1.23% per annum of Net Value

Performance Fee: 20.5% p.a. of the amount the fund outperforms its benchmark during a performance period, after deduction of other fees and expenses and provided any underperformance from previous periods have been recovered

Fund Status Fund closed to new applications

INVESTOR CENTRE

EXISTING INVESTOR FORMS

Change of Distribution
Add / Change Financial Adviser
Annual Financial Report

All administrative queries for current investors in the Ophir Opportunities Fund can be directed to:

Phone: +61 (0) 2 8006 5476
Email: ophir@ophiram.com

DISTRIBUTION HISTORY

Distribution Date Distribution rate – cents per unit Period
30 June 2014 0.0367 Financial year ending 30/6/14
30 June 2015 0.0912 Financial year ending 30/6/15
30 June 2016 0.6301 Financial year ending 30/6/16
30 June 2017 0.3237 Financial year ending 30/6/17
30 June 2018 0.4357 Financial year ending 30/6/18