As at 30 September 2021, net of all fees and expenses, assuming reinvestment of distributions.
An activist investment strategy applied to undervalued companies, that few investors have the capacity to implement themselves, to realise the value.
Positive returns over the medium to long term (three to five years).
It is an unlisted wholesale unit trust available to Australian resident investors who qualify as wholesale investors (as defined by the Corporations Act 2001 Cth), including individuals, family trusts, companies or super funds, that meet the minimum investment requirements.
The initial minimum investment and minimum holding is A$250,000. The minimum subsequent investment is A$50,000.
The fund primarily invests in ASX-listed companies. It can also invest up to 15% of its capital internationally and may use takeover offers as part of its investment approach. The focus is on investing in small to medium-sized companies and a concentrated number of them, typically around 20 to 25 companies.
An active engagement strategy is hands on and a concentrated portfolio allows Sandon Capital to take strategic positions and pursue them with the related Boards to realise significant value and returns.
A proportion of the fund is held in cash in readiness for value investment opportunities, or if considered a better alternative to being invested at that point.