Celeste Australian Small Companies Fund
The Celeste Australian Small Companies Fund is a high conviction Australian Small Companies Fund, providing an actively managed exposure to ASX-listed small company shares.
- About the manager
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Zurich Investments provides exclusive access to specialist managers recognised as being amongst the best in their area of expertise. Effective 12 August 2019 we partnered with Celeste Funds Management to offer this fund to Australian advisers.
Celeste Funds Management is an employee owned, specialist small and mid-cap company investment manager that has been generating long-term wealth for its clients since 1998. Celeste has a focus on Australian small companies listed on the ASX. Celeste executes a well-established analytical investment process that has a long history of delivering attractive above benchmark tax effective returns.
Past performance is not indicative of future performance.
Paul BiddlePortfolio Manager
(with Celeste since 2005)
Martin ByersPortfolio Manager
(with Celeste since 2017)
The Celeste Australian Small Companies Fund seeks opportunities where share prices vary materially from the manager’s assessment of intrinsic worth. Celeste believes the intrinsic worth of any security is determined by the value of its future cash flows, and that a disciplined investment process is essential to capturing alpha, managing investment risk, and minimising the scope for capital loss. The Fund typically invests in approximately 30-50 companies that the team expect will outperform over the long term.
The Fund aims to produce returns which exceed the Benchmark (the S&P/ASX Small Ordinaries Accumulation Index) over rolling five year periods (after fees and expenses and before taxes).
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Recommended by
The Celeste Australian Small Companies Fund is recommended by these leading research houses:
Recommended
The 'Recommended' rating indicates that Lonsec has strong conviction the financial product can generate risk adjusted returns in line with relevant objectives and is considered an appropriate entry point to this asset class or strategy.^
Bronze as at 23 August 2023
Funds in this category have advantages that clearly outweigh any disadvantages across the pillars.1 The Morningstar Analyst RatingTM for the Celeste Australian Small Companies Fund is Bronze as at 23 August 2023.
Recommended
Recommended products are deemed strong investments within their respective asset class, typically rating first quartile on most criteria.#
^ The rating issued September 2022 is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2022 Lonsec. All rights reserved.
# The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned FAM0101AU March 2023) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at https://www.zenithpartners.com.au/our-solutions/investment-research/regulatory-guidelines/
1 © 2022 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘regulated financial advice’ under New Zealand law has been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. For more information refer to our Financial Services Guide (AU) or Financial Advice Provider Disclosure Statement (NZ) at www.morningstar.com.au/s/fsg.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser.
Important information: This information has been prepared by Zurich Investment Management Limited (Zurich Investments) ABN 56 063 278 400, AFSL 232511 and the information contained in it is for use by licensed financial advisers only. This information is current as at September 2023 and may be subject to change. It is derived from sources believed to be accurate as at this date. It is general information and does not take into account an investor’s personal objectives, financial situation or needs and an investor should consider these factors and the appropriateness of the information and consider seeking advice specific to their individual circumstances from an appropriate professional.
The Trust Company (RE Services) Limited (ABN 45 003 278 831, AFSL 235 150) (Perpetual) is the Responsible Entity of and issuer of units in the Celeste Australian Small Companies Fund (Fund). You should consider the product disclosure statement (PDS), prior to making any investment decisions. The PDS and target market determination (TMD) can be obtained at https://www.celestefunds.com.au/australian-small-companies-fund/forms/. Neither Celeste nor any company in the Perpetual Group (Perpetual Limited ABN 86 000 431 827 and its subsidiaries), nor their officers, employees or agents, in any way guarantee the performance of the Fund or the return of the capital value of your investment.
Past performance is not a reliable indicator of future performance. Investments are subject to risk – returns can go up and down and may be positive or negative.
Any performance returns quoted are compound rates of return calculated on exit prices. They include growth and distributions (assumes reinvestment of distributions), are net of fees and taxes and are rounded to two decimal places. Any benchmark returns shown are gross returns.