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Fund Overview
An actively managed Australian equity fund investing in 20–40 companies drawn primarily from the ASX 300. The portfolio is constructed to provide diversified exposure to high-quality Australian businesses, informed by bottom-up research and ongoing portfolio oversight.
Minimum initial investment: $25,000
Key Features
- Asset Class: Australian Equities
- Investment Universe: Primarily ASX 300 companies
- Number of Holdings: Typically 20–40
- Investment Style: Long-only, unconstrained
- Management Fee: 0.45% p.a.
- Performance Fee: Nil
- Structure: Wholesale unit trust
- Availability: Retail and Wholesale Investors through Praemium
Investment Objective
The Fund seeks to deliver attractive risk-adjusted returns over the medium to long term by identifying mispriced Australian companies and managing portfolio risk through disciplined investment decision-making.
Investment Approach
The Fund is managed using a bottom-up, research-driven approach, informed by:
- Fundamental analysis of business quality and earnings sustainability
- Valuation discipline and downside risk awareness
- Portfolio balance and diversification
- Active monitoring and ongoing review
The strategy is long-only and not constrained by style labels, allowing flexibility across sectors and market conditions. Cash levels may vary depending on opportunity and risk considerations.
Investor Eligibility
The Fund is available to Retail and Wholesale Investors through Praemium.
Wholesale Investors generally include individuals who:
- Have net assets of at least $2.5 million, or
- Have earned a gross income of at least $250,000 per year for thepast two financial years
Further information is available on the Australian Government’s MoneySmart website:
Seneca Advised Clients
If you are an advised client of Seneca, you do not pay the 0.45% p.a. management fee.
More information on becoming an advised client can be found on our Advice page.
Important Information
Investing involves risk, and the value of investments can rise or fall. Past performance is not a reliable indicator of future performance.
Performance
As at
30 April 2026
•
Inception Date:
16/06/2020
Performance
1 month
3 months
6 months
1 year (ann.)
2 years (ann.)
3 years (ann.)
Incep. (ann.)
Incep. (cum.)
Australian Shares SMA
+4.35%
-5.98%
-4.92%
+14.84%
+6.26%
+7.19%
+10.38%
+78.56%
Benchmark
+2.18%
-1.22%
-0.87%
+10.12%
+9.95%
+9.66%
+10.66%
+81.28%
Relative Return
+2.17%
-4.76%
-4.05%
+4.72%
-3.69%
-2.47%
-0.28%
-2.72%
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Cumulative returns (since inception)
Resources
Documents
Latest Report
Portfolio Managers
Luke and Ben are responsible for research, security selection, portfolio construction, and ongoing management of the Fund.
Next Steps
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