| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | MHOR looks for investment that exhibit the following set of characteristics: -Opportunity - to take advantage of growth and positive alignment with industry themes and trends. -Quality business - competitively advantaged product or service offering. -Financial flexibility - appropriately resourced to capture its opportunity. -Management - with the vision and capability to bring it all together. -Fundamentally undervalued. MHOR also considers labour standards, environmental, social and ethical considerations when making investment decisions but only to the extent that these factors impact the assessment of risk or return. The minimum suggested investment timeframe is 3-5 years. |
| Manager Comments | The Fund's largest positive contributions came from Spirit Telecom (ST1), NextDC (NXT) and AirXpanders (AXP). While the major detractor was Ellex Medical Lasers (ELX). The portfolio continues to have growth bias and has considerable exposure to stocks that the investment team believes to have attractive undervalued growth opportunities. The team continues to search and find new emerging small cap equity stories with little or no institutional ownership, picking those that have the scope to be discovered by larger small-cap funds has so far served the fund well. |
| More Information |
