AFM Fund Profile — Bennelong Emerging Companies Fund
- Fund & Manager Details
- Investment Details
- Performance & Risk
- Advanced Analytics
- Research & Availability
- News & Insights
- Documents
Fund & Manager Details
Key Facts
| Fund Type: | Single | Discretionary/Quantitative: | Discretionary |
| Strategy: | Equity Long | This Funds FUM (millions): | AU$185.19m |
| Style: | Growth | Fund Inception Date: | Since 31 October 2017 |
| Geographic Mandate: | Australia/NZ | Latest Return Date: | August 2026 |
| Fund Domicile: | Australia | Investor Type: | Retail |
| Status: | Open | Reporting Status: | Current |
Manager Details and Fund Description
| Manager: | Bennelong Australian Equity Partners | Total FUM for all funds: | AU$6,533.52m |
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Manager Overview:
Bennelong Australian Equity Partners (BAEP) is a boutique fund manager focused on Australian equities. It was founded in 2008 in partnership with Bennelong Funds Management. BAEP is a genuinely active fund manager with a consistent, disciplined and proven investment approach. BAEP's investment philosophy is to selectively invest in high quality companies with strong growth outlooks and underestimated earnings momentum and prospects. BAEP's investment process is research-intensive with a focus on proprietary field research and is supported by macro-economic and quantitative insights. On 16 September 2026, Antipodes Partners, an affiliate of Pinnacle Investment Management, entered into a binding agreement to acquire Bennelong Funds Management Group. Further updates will be provided as more information regarding the transaction and any resulting business changes becomes available |
Fund/Strategy Overview:
The Bennelong Emerging Companies Fund provides exposure to small-cap and micro-cap stocks listed on the ASX. As these stocks are often less well known and researched, BAEP aims to be disciplined in focusing on higher quality and lower risk options that they believe have solid growth prospects.
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| Other funds operated by manager: | |||
| Bennelong Australian Equities Fund, Bennelong Concentrated Australian Equities Fund, Bennelong ex-20 Australian Equities Fund, Bennelong Twenty20 Australian Equities Fund | |||
Investment Details
Investment Terms
| Minimum Investment: | Minimum Additional Investment: | Minimum Term: | Investment Frequency: |
| AU$10,000 | AU$1,000 | Daily | |
| Regular Savings Option: | Regular Savings Min. Amount: |
Regular Savings Max. Amount: |
Regular Savings Freq.: |
| No | N/A | ||
| Redemption Notice: | Redemption Frequency: | Notes: | |
| Daily |
|||
| Distributions: | Distribution Frequency: | Last Distribution Date: | Last Distribution Amount: |
| Yes | 6 Monthly | AU$ |
Structure
| Offshore/Onshore: | Fund Structure: | Share Classes: |
Trustee/Responsible Entity: |
| Onshore | Unit Trust | AU$ | Bennelong Funds Management Ltd |
| Administrator: | Prime Broker: | Custodian: | Legal: |
| Citigroup Pty Limited | Not Applicable | Citibank NA, Australia | Hall & Wilcox |
Fund Fees
| Management Fee: |
Performance Fee: |
High Water Mark: |
Hurdle: |
| 1.26% | 20% | Yes | RBA Cash Rate plus 5% |
| Buy Spread: | Sell spread: | Early Redemption Fee: | Fees Notes: |
| 0.250% | 0.250% | No |
Performance & Risk
Returns
| Latest Return Date: | Latest Result: | Fund Inception Date: | Annualised Return: |
| August 2026 | 3.95% | 31 October 2017 | 15.22% |
| Latest 3 Months: | Latest 6 Months: | Latest 12 Months: | Latest 2 Years p.a.: |
| 1.35% | -12.18% | -22.13% | 3.30% |
| Latest 3 Years p.a.: |
Latest 4 Years p.a.: |
Latest 5 Years p.a.: |
Latest 7 Years p.a.: |
| 10.23% | 12.13% | 4.93% | 10.53% |
Performance Statistics
| % Positive Months (S.I.): |
Average Return: | Average +ve Return: | Average -ve Return: |
| 63.21% | 1.45% | 5.15% | -4.90% |
| Best Month: | Worst Month: | Up Capture Ratio (S.I.): |
Down Capture Ratio (S.I.): |
| 31.93% | -33.64% | 237.56% | 110.44% |
| Largest Drawdown (S.I.): |
Longest Drawdown (S.I.): |
Current Drawdown (%): |
Current Drawdown (Months): |
| -41.74% | 27 months | -23.58% | 10 months |
Risk
| Annualised Standard Deviation (S.I.): |
Downside Deviation (S.I.): |
Sortino Ratio (S.I.): |
- |
| 24.74% | 16.41% | 0.74 | - |
| Sharpe Ratio (12 months): |
Sharpe Ratio (3 years): |
Sharpe Ratio (5 years): |
Sharpe Ratio (S.I.): |
| -1.88 | 0.45 | 0.18 | 0.62 |
| Please note, Sharpe and Sortino ratios are calculated using the Australian Risk Free Rate | |||
Ranking, Research & Availability
Fund Quintile in its Peer Group (Equity Long - Small/Mid Cap - Australia) as at July 2026
AFM's Quintile Rankings show performance and Key Performance Indicators (KPI's) of Bennelong Emerging Companies Fund compared to a peer group of funds with a similar strategy and geographic mandate. Each green square places a fund in one quintile (or 20%) of its peer group - five indicating that the fund is in the top (best) quintile for the corresponding KPI.
As a reference point the equivalent "quintile" performance of the peer group's underlying market index is also indicated by the red dot.
1 Year
3 Year
5 Year
7 Year
Bennelong Emerging Companies Fund
S&P/ASX Small Ordinaries Index
External Research and Ratings: As reported by each Fund Manager.
| AFM FACTORS: | Approved, November 2021 |
| Morningstar Star Rating: | 3 stars, June 2026 |
| Lonsec: | Recommended, October 2024 |
| Zenith: | Recommended, February 2025 |
Availability:As reported by each Fund Manager.
Available on Investment Platforms:
HUB24, Macquarie Wrap, Netwealth, North, BT Panorama, mFund, Praemium, DASH
News & Insights
Performance Report: Bennelong Emerging Companies Fund
The Bennelong Emerging Companies Fund rose by +3.95% in August, outperforming the ASX 200 Total Return benchmark by+2.41%. Since inception in November 2017, the fund has returned +15.66% per annum, an outperformance of +6.21% relative to the benchmark which has returned +9.01% on an annualised basis over the same period.
Read more...
Performance Report: Bennelong Emerging Companies Fund
The Bennelong Emerging Companies Fund has returned +14.86% per annum since its inception in November 2017, an outperformance of +5.95% relative to the ASX 200 Total Return benchmark, which has returned +8.91% on an annualised basis over the same period.
Read more...
Performance Report: Bennelong Emerging Companies Fund
The Bennelong Emerging Companies Fund rose by +2.35% in June, outperforming the ASX 200 Total Return benchmark by+1.68%. Since inception in November 2017, the fund has returned +15.66% per annum, an outperformance of +6.94% relative to the benchmark which has returned +8.72% on an annualised basis over the same period.
Read more...
Performance Report: Bennelong Emerging Companies Fund
The Bennelong Emerging Companies Fund has returned +15.51% per annum, since its inception in November 2017, an outperformance of +6.78% relative to the ASX 200 Total Return benchmark, which has returned +8.73% on an annualised basis over the same period.
Read more...
Fund Performance
Historical Performance (all figures shown here are net of fees unless otherwise stated)
| Year | Jan % | Feb % | Mar % | Apr % | May % | Jun % | Jul % | Aug % | Sep % | Oct % | Nov % | Dec % | YTD % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.03 | -1.84 | -11.49 | -0.41 | -1.70 | 2.35 | -4.75 | 3.95 | N/R | N/R | N/R | N/R | -13.76 |
| 2025 | 5.68 | 0.65 | -5.35 | 3.99 | 5.54 | 1.87 | 4.23 | 6.01 | -0.80 | 2.72 | -6.79 | -4.93 | 12.31 |
| 2024 | 0.03 | 6.34 | 1.06 | -2.38 | 1.60 | 1.90 | 5.13 | 5.30 | 3.99 | 0.62 | 6.43 | -1.06 | 32.51 |
| 2023 | 7.74 | -2.26 | -0.51 | 4.12 | -2.33 | 0.52 | 4.86 | 5.33 | -3.10 | -5.58 | 6.60 | 6.99 | 23.43 |
| 2022 | -8.62 | -0.49 | 4.05 | -3.73 | -14.10 | -10.08 | 12.29 | -1.38 | -4.21 | 5.34 | 1.99 | -3.04 | -22.26 |
| 2021 | 3.58 | 4.56 | -0.24 | 5.76 | -2.54 | 1.75 | 2.57 | 5.70 | 4.06 | 1.16 | 0.70 | -2.55 | 26.93 |
| 2020 | 1.64 | -11.30 | -33.64 | 31.93 | 9.89 | 2.22 | 1.01 | 13.87 | -2.40 | 4.78 | 6.87 | 2.33 | 14.06 |
| 2019 | 5.80 | 11.79 | 2.80 | 14.03 | -1.66 | 3.44 | 9.58 | 6.80 | 9.92 | 2.61 | 2.95 | -2.62 | 86.64 |
| 2018 | -1.18 | -5.72 | -1.01 | 2.39 | 8.82 | -0.73 | 1.88 | 3.07 | 0.87 | -12.03 | -2.12 | -10.54 | -16.77 |
| 2017 | N/R | N/R | N/R | N/R | N/R | N/R | N/R | N/R | N/R | N/R | 11.76 | 12.91 | 26.19 |
Historical Financial Year Performance (all figures shown here are are percentage per month net of fees unless otherwise stated)
| Year | Jul % | Aug % | Sep % | Oct % | Nov % | Dec % | Jan % | Feb % | Mar % | Apr % | May % | Jun % | FYTD % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026/2027 | -4.75 | 3.95 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -0.98 |
| 2025/2026 | 4.23 | 6.01 | -0.80 | 2.72 | -6.79 | -4.93 | 0.03 | -1.84 | -11.49 | -0.41 | -1.70 | 2.35 | -13.10 |
| 2024/2025 | 5.13 | 5.30 | 3.99 | 0.62 | 6.43 | -1.06 | 5.68 | 0.65 | -5.35 | 3.99 | 5.54 | 1.87 | 37.29 |
| 2023/2024 | 4.86 | 5.33 | -3.10 | -5.58 | 6.60 | 6.99 | 0.03 | 6.34 | 1.06 | -2.38 | 1.60 | 1.90 | 25.21 |
| 2022/2023 | 12.29 | -1.38 | -4.21 | 5.34 | 1.99 | -3.04 | 7.74 | -2.26 | -0.51 | 4.12 | -2.33 | 0.52 | 18.33 |
| 2021/2022 | 2.57 | 5.70 | 4.06 | 1.16 | 0.70 | -2.55 | -8.62 | -0.49 | 4.05 | -3.73 | -14.10 | -10.08 | -21.19 |
| 2020/2021 | 1.01 | 13.87 | -2.40 | 4.78 | 6.87 | 2.33 | 3.58 | 4.56 | -0.24 | 5.76 | -2.54 | 1.75 | 45.78 |
| 2019/2020 | 9.58 | 6.80 | 9.92 | 2.61 | 2.95 | -2.62 | 1.64 | -11.30 | -33.64 | 31.93 | 9.89 | 2.22 | 17.33 |
| 2018/2019 | 1.88 | 3.07 | 0.87 | -12.03 | -2.12 | -10.54 | 5.80 | 11.79 | 2.80 | 14.03 | -1.66 | 3.44 | 15.08 |
| 2017/2018 | N/A | N/A | N/A | N/A | 11.76 | 12.91 | -1.18 | -5.72 | -1.01 | 2.39 | 8.82 | -0.73 | 28.72 |