Small Companies Opportunities Fund

The Appian Small Companies Opportunities Fund is a Concentrated Equity Fund which invests in small cap stocks globally. It targets long-established, well-managed, high quality, cash generative companies capable of delivering above average growth over time but whose prospects are undervalued by the market.

We seek companies which have a proven competitive advantage or offer a unique value proposition to its customers. Such qualities tend to be illustrated by strong returns on capital, and strong cash generation.

Smaller companies are often more nimble and capable of faster growth than larger companies. Those which demonstrate strong returns on capital allow management to reinvest in those businesses at attractive rates of return on incremental capital invested, supporting sustainable growth in profits and dividends over the long run.

What Makes the Appian Small Cap Opportunity Fund Different?

 

Actively Managed: Many smaller equities are often overlooked and undervalued by investors – uncovering such opportunities provides a strong platform to build attractive returns over time.

Concentrated: Main small-cap indices include low quality stocks.  The Fund typically focuses on 25-35 high quality names, seeking to avoid turnarounds, start-ups, loss makers and highly indebted companies.  This helps deliver better long-run risk adjusted returns.

Long Term Focused: We do not chase trends or industries that are ‘fashionable’. We aim to invest in high quality companies capable of delivering sustainable growth over the long term at attractive valuations.

Fund Return
Period Q4 2012 2013 2014 2015 2016 2017 2018
Fund Return * 0.61% 30.50% 12.04% 28.75% 0.71% 8.93% -20.59%
Close of Business Mid-Market Prices Deal Date Dealing Price €
31/12/2018 02/01/2019 164.9922
30/11/2018 03/12/2018 174.9671
31/10/2018 01/11/2018 175.2659
28/09/2018 01/10/2018 198.1996
31/08/2018 03/09/2018 197.8806
31/07/2018 01/08/2018 198.8030
29/06/2018 02/07/2018 203.0473
31/05/2018 01/06/2018 202.4903
30/04/2018 01/05/2018 201.9344
29/03/2018 03/04/2018 199.1713
28/02/2018 01/03/2018 206.2099
Close of Business Mid-Market Prices Deal Date Dealing Price €
31/12/2018 02/01/2019 164.9922
30/11/2018 03/12/2018 174.9671
31/10/2018 01/11/2018 175.2659
28/09/2018 01/10/2018 198.1996
31/08/2018 03/09/2018 197.8806
31/07/2018 01/08/2018 198.8030
29/06/2018 02/07/2018 203.0473
31/05/2018 01/06/2018 202.4903
30/04/2018 01/05/2018 201.9344
29/03/2018 03/04/2018 199.1713
28/02/2018 01/03/2018 206.2099
31/01/2018 01/02/2018 210.2289
29/12/2017 02/01/2018 207.7761
30/11/2017 01/12/2017 203.4186
31/10/2017 01/11/2017 210.5239
29/09/2017 02/10/2017 208.5560
31/08/2017 01/09/2017 199.4074
01/08/2017 02/08/2017 200.6870
30/06/2017 04/07/2017 202.6470
31/05/2017 01/06/2017 208.7308
28/04/2017 02/05/2017 212.1255
31/03/2017 03/04/2017 201.8611
28/02/2017 01/03/2017 195.7463
31/01/2017 01/02/2017 191.0748
30/12/2016 03/01/2017 190.7515
30/11/2016 01/12/2016 186.0149
31/10/2016 31/10/2016 178.2019
30/09/2016 03/10/2016 182.7333
31/08/2016 01/09/2016 181.5463
31/07/2016 01/08/2016 175.4371
30/06/2016 01/07/2016 169.8213
31/05/2016 01/06/2016 185.0898
29/04/2016 03/05/2016 179.3669
31/03/2016 01/04/2016 179.9213
01/03/2016 01/03/2016 174.9550
01/02/2016 01/02/2016 177.3983
31/12/2015 01/01/2016 189.3984
30/11/2015 01/12/2015 192.6416
31/10/2015 02/11/2015 187.6003
30/09/2015 01/10/2015 180.5281
31/08/2015 01/09/2015 180.5863
31/07/2015 04/08/2015 186.3037
30/06/2015 01/07/2015 176.2550
31/05/2015 02/06/2015 175.4440
30/04/2015 01/05/2015 166.2617
31/03/2015 01/04/2015 164.1327
27/02/2015 02/03/2015 161.1894
30/01/2015 02/02/2015 151.9646
31/12/2014 02/01/2015 147.1030
30/11/2014 01/12/2014 140.4080
31/10/2014 03/11/2014 140.2670
30/09/2014 01/10/2014 145.3710
31/08/2014 01/09/2014 143.0380
31/07/2014 01/08/2014 141.9810
30/06/2014 01/07/2014 144.8200
30/05/2014 03/06/2014 139.8370

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Geographic Equity Distribution

Performance Chart

Fund Fact Sheets

Downloadable Fact Sheets
Small Companies Q3 18 30/09/2018
Small Companies Q2 18 30/06/2018
Small Companies Q1 18 31/03/2018
Small Companies Q4 17 31/12/2017
Small Companies Q3 17 30/09/2017
Small Companies Q2 17 30/06/2017
Small Companies Q1 17 31/03/2017
Small Companies Q4 16 31/12/2016
Small Companies Q3 16 30/09/2016
Small Companies Q2 16 30/06/2016
Small Companies Q1 16 12/04/2016

Fund Fact Sheets

Downloadable Fact Sheets
Small Companies Q3 18 30/09/2018
Small Companies Q2 18 30/06/2018
Small Companies Q1 18 31/03/2018
Small Companies Q4 17 31/12/2017
Small Companies Q3 17 30/09/2017
Small Companies Q2 17 30/06/2017
Small Companies Q1 17 31/03/2017
Small Companies Q4 16 31/12/2016
Small Companies Q3 16 30/09/2016
Small Companies Q2 16 30/06/2016
Small Companies Q1 16 12/04/2016
Small Companies Q4 15 06/04/2016
Small Companies Q3 15 30/09/2015
Small Companies Q2 15 30/06/2015
Small Companies Q1 15 01/04/2015
Small Companies Q4 14 02/01/2015
Small Companies Q3 14 01/10/2014


* WARNING The value of investments may go down as well as up. Past performance is not a reliable guide to future performance. These investments may be affected by changes in currency exchange rates. If you invest in this fund you may lose some or all of your investment.

No part of this website is to be reproduced without our written permission. This website has been prepared and issued by Appian Asset Management on the basis of publicly available information, internally developed data and other sources believed to be reliable. It does not constitute an offer or an invitation to invest, or the provision of investment advice. No party should treat any of the contents herein as advice in relation to any investment. While all reasonable care has been given to the preparation of the information, no warranties or representation express or implied are given or liability accepted by Appian Asset Management or its affiliates or any directors or employees in relation to the accuracy fairness or completeness of the information contained herein. Any opinion expressed (including estimates and forecasts) may be subject to change without notice.