Fund overview

DMXASF is a long-only equity fund that primarily invests in ASX-listed smaller companies, with the ability to invest up to 20% in NZX-listed and up to 10% in unlisted securities. The objective of the Fund is to generate strong absolute returns for its investors over the medium and long term. To achieve this objective, the Fund invests in a carefully-constructed portfolio of smaller companies that we consider are yet to be recognised by the broader market and therefore offer the potential for meaningful returns over time.

DMXASF employs a replication strategy whereby it seeks to replicate at least 50% of the positions/exposures within the highly successful DMX Capital Partners portfolio, while blending a number of slightly larger (though still relatively small) companies. The Fund may be characterised as micro and small-cap focused (with a principal focus on $20m-$500m market value companies).

Features & Benefits

• 30-40 best ideas portfolio

  This targeted holding number provides a good balance between concentrating capital into high-conviction ideas, while ensuring diversification principles are adhered to.

• Smaller company focus

  This provides exposure to a basket of companies that have asymmetric return potential. It also means a idiosyncratic portfolio exposures that might perform quite differently from other portfolios/assets and thus blend well as part of investors’ broader asset allocation programme.

• Flexibility to invest in NZX-listed or unlisted securities

  We’re wholly focused on identifying quality opportunities in Australian listed smaller companies. But if incidental to our process we identify a NZX-listed security, or have an excellent opportunity in an unlisted security, we have flexibility to take advantage of these in a limited way. This provides investors with the potential to benefit from unexpected, unconventional or otherwise difficult-to-access opportunities from time-to-time.

Portfolio Attributes

Inception Date

March 2021

Portfolio Manager

Michael Haddad

Status

Open to Wholesale Investors only

Type

Wholesale Unit Trust

Administrator & Trustee

Fundhost Limited (AFSL 233045)

Number of Positions

Typically 30-40

Minimum initial investment

AUD $50,000

Performance

Performance (net of fees) as at

26 February 2026

Since Inception Annualised

$100,000 invested at inception would be worth

today

Total Return since Inception

Growth of $100,000 investment over time

Performance (net of all fees)

*Inception date: 1st March 2021

Past performance is not a reliable indicator of future performance. DMX Asset Management do not guarantee investment performance or distributions, and the value of your investment may rise or fall.

Fees

Management fees and expenses cap

1.50% p.a.*

Performance fee

15.38% ** of the amount by which the Fund outperforms its benchmark over a calculation period, subject to a high-water mark

Benchmark

RBA Cash Rate plus 5%

*Management fees and expenses cap excludes performance fee, abnormal expenses and transation costs.

Invest now

Useful links and reports

Investor Presentation

Download

Investment Memorandum

Download

March Report

View

All Monthly Reports

View

Contact us

Level 13, 111 Elizabeth St, Sydney, NSW, 2000

[email protected]
​
+61 2 8069 7965