Fact Sheet
As at March 2024
As at March 2024
Lennox Australian Small Companies Fund
APIR: HOW3590AU
Manager Summary
Lennox is an active, boutique equities investment manager based in Sydney and majority owned by its Principals and Portfolio Managers. Lennox invests with a fundamental, bottom-up focus specialising in small and microcap companies. Lennox's philosophy and process capitalises on the inefficiencies in the small and microcap segment of the market, aiming to identify at an early stage those companies who are the beneficiaries of change.
Strategy Summary
Lennox is an active, bottom-up stock picker. Their deep-dive, fundamental approach to investing is style-agnostic and utilises an effective yet structured process. Lennox identify mispriced opportunities, apply a rigorous qualitative screen to those opportunities, and then independently forecast earnings for any investment candidates. Ultimately Lennox invests in companies that have medium term valuation upside that will not disappoint in the short term.
Key Terms
| Status: | Open | Inception Date: | Apr 2017 |
| Strategy: | Equity Long | Style: | Growth |
| Geography: | Australia/NZ | Domicile: | Australia |
| Investors: | Wholesale & Retail | Min. Investment: | AU$ 10,000 |
| Distributions: | 6 Monthly | Applications: | Daily |
| Fund Size: | AU$ 219.84m | Management Fee: | 1.10% |
| Manager FUM: | AU$ 1,119m | Performance Fee: | 15.00% |
Key Statistics
| Fund | Index* | Fund | Index* | ||
| Mar 2024: | 2.29% | 4.79% | Sharpe1: | 0.53 | 0.38 |
| 1 Year: | 26.32% | 13.83% | Sortino1: | 0.60 | 0.38 |
| 3 Years1,2: | 5.09% | 2.71% | Best Month1: | 20.04% | 14.27% |
| 5 Years1,2: | 7.71% | 5.42% | Worst Month1: | -28.55% | -22.38% |
| Inception1,2: | 10.43% | 6.91% | Volatility1,2: | 20.24% | 18.66% |
| Up-Capture1: | 101% | N/A | Down-Capture1: | 92% | N/A |
Cumulative Returns Fund Index
Lennox Australian Small Companies Fund - Cumulative Performance vs ASX Small Ordinaries Total Return Index
Drawdowns Fund Index
Drawdown%
Fund Index
Quintile Ranking vs. Equity Long - Small/Mid Cap - Australia Peer Group (94 funds) as at March 2024
1 Year
3 Year
5 Year
7 Year
Lennox Australian Small Companies Fund
ASX200 Total Return
Quintile Rankings display Key Performance Indicators (KPI's) against the fund's Peer Group. Each green square ranks the fund in one quintile (or 20%) of its peer group - five green squares indicate the fund is in the best quintile for each KPI. The performance of the peer group's underlying index is shown by a red dot.