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Australia

Australian Mid Cap

Overview

The Paradice Australian Mid Cap strategy was established in September 2007 by portfolio manager/analysts Matthew Riordan and John Lake. In February 2018 James McBeath joined the team as portfolio manager/analyst.

The Fund typically invests in 40-60 companies listed outside of the S&P/ASX 50 with a market cap lower limit of $400m, providing investors with an exposure to a diversified portfolio of emerging Australian businesses.

We believe equity markets are often inefficient due to investor emotion, short-term thinking and too much reliance on a single aspect of a company’s financial health – it’s profit and loss statement. Our key focus is on management, current and future cash flows and the quality of the balance sheet.

Our expertise lies in evaluating a company’s market position taking into account all factors from balance sheet, macroeconomic drivers through an extensive visitation program.

Objective

The Paradice Australian Mid Cap Fund aims to outperform the composite benchmark of 70% of the S&P/ASX Mid Cap 50 Total Return Index and 30% of the S&P/ASX Small Ordinaries Total Return Index over a three to five year period (after management costs and before tax).

Net Returns as at 29 February 2020
1M
3M
1Y
3Y
5Y
Since Inception
Inception Date
Australian Mid Cap - Class BBenchmarkValue Add
1MBenchmarkValue Add -7.81%
-9.42%
1.61%
3MBenchmarkValue Add -3.82%
-6.58%
2.76%
1YBenchmarkValue Add 4.85%
3.90%
0.95%
3YBenchmarkValue Add -
-
-
5YBenchmarkValue Add -
-
-
Since InceptionBenchmarkValue Add 6.38%
7.09%
-0.71%
Inception Date 15 May 2017

Benchmark: Composite index: 70% of the S&P/ASX Mid Cap 50 Total Return Index + 30% of the S&P/ASX Small Ordinaries Total Return Index

Past performance of the strategy is not a reliable indicator of future performance. The value of an investment in the strategy may rise or fall. Returns are not guaranteed by any person. Fund returns are calculated before tax and after ongoing management costs. Returns are annualised for time periods greater than 1 year. All returns are denoted in Australian dollars. For further information please refer to our disclaimer page.

 

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Our strategies

At Paradice we manage investment capital on behalf of a range of investors including institutional, private wealth, family offices and individual investors.