Australian Mid Cap

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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 50-70 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.

Annualised Gross of Fees Returns since inception to 30 April 2019

Gross Return 11.51%
Benchmark 5.65%(2)
Value Add 5.86%
Inception Date 25 Sep 2006

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 an person. Total returns are calculated before tax and before ongoing management costs. For further information please refer to our disclaimer page.
(2)Benchmark is a 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.

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).

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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.