Australian Smaller Companies
Akambo Future Leaders Fund
An actively managed portfolio of Australian smaller companies, built to identify tomorrow’s market leaders today.
An actively managed portfolio of Australian smaller companies. This asset class is attractive because many sell products and/or services that are new to the market and are often led by their founders. This provides significant alignment, often missing from their large cap (S&P/ASX 100) peers. Furthermore, it offers diversification away from the large cap index which is dominated by certain sectors, such as a handful of banks and global miners. In turn, this can deliver higher growth and therefore greater share price appreciation particularly as they are in their early stages. In fact, many large cap stocks start life as a small company.
Small cap stocks are generally under researched and can be prone to significant volatility and speculation. However, this suits active management, particularly a manager like Akambo with a Growth at Reasonable Price (GARP) investment style.
The fund invests in 20 to 35 companies, primarily from outside the S&P/ASX 100. The fund employs a successful strategy that has been operating since June 2017 by portfolio managers Andrew Perks and Geoff Greetham. It is considered high risk and suits investors with a minimum five-year timeframe. You can invest directly from $10,000.
Key features
An established strategy
The same strategy has been running since June 2017, with the registered fund launched in August 2025
High conviction portfolio
20 to 35 Australian smaller companies, selected on their merits rather than their index weight.
Growth at a reasonable price
Quality, understandable businesses with clear catalysts.
Experienced managers
Portfolio managers Andrew Perks and Geoff Greetham have worked together for more than a decade.
Invest directly
Apply online with a minimum initial investment of $10,000, with or without an adviser.
Built for the long term
A high risk investment designed for investors with a minimum five year timeframe.
Performance
Class B, as at 31 July 2026
| 1 mth | 3 mths | 6 mths | 1 yr | 3 yrs p.a. | 5 yrs p.a. | ITD* | ITD** | |
|---|---|---|---|---|---|---|---|---|
| Strategy | — | — | — | -7.02% | +5.21% | +2.89% | +9.46% | — |
| Fund (Class B) | -3.38% | +1.25% | -8.20% | — | — | — | — | -8.74% |
| Benchmark | -3.17% | -3.18% | -13.20% | +1.81% | +7.46% | +2.18% | +6.66% | -6.57% |
| Relative (+/-) | -0.22% | +4.43% | +5.00% | -8.84% | -2.25% | +0.71% | +2.80% | -2.16% |
Performance as at 31 July 2026. All figures are after fees and net of franking credits. Benchmark is the S&P/ASX Small Ordinaries Accumulation Index. ITD* is inception to date since strategy inception (14 June 2017); ITD** is inception to date since fund inception (8 August 2025). Returns are based on the mid-point of unit prices and are net of management fees and operating expenses; periods greater than 12 months are annualised and assume reinvestment of distributions. The Akambo Future Leaders Fund commenced on 8 August 2025 and employs the same strategy as the Accordius Australian Small Cap Managed Portfolio; returns shown from 14 June 2017 reflect the returns of the Managed Portfolio after fees. Historical performance is for information purposes only, is not intended to represent the performance of an investment in the Fund and should not be relied upon as such. Past performance is not a reliable indicator of future performance. Source: Akambo, Bloomberg.
Fund facts
| Fund name | Akambo Future Leaders Fund (Class B) |
| APIR code | ETL2910AU |
| ARSN | 683 181 268 |
| ISIN | AU60ETL29104 |
| Investment objective | To achieve returns in excess of the S&P/ASX Small Ordinaries Accumulation Index (after fees) over a suggested minimum timeframe of 5 years |
| Benchmark | S&P/ASX Small Ordinaries Accumulation Index |
| Investment style | Growth at a reasonable price (GARP), long only, actively managed |
| Investable universe | ASX listed (or to be listed) securities, typically 20 to 35 holdings primarily outside the S&P/ASX 100; 50–100% Australian shares, 0–50% cash |
| Risk level | High (risk band 5) |
| Minimum suggested timeframe | 5 years |
| Management fees and costs | 1.09% p.a. (inclusive of GST) |
| Performance fee | 15% of outperformance (after fees) of the benchmark, subject to recouping prior underperformance |
| Buy/sell spread | 0.25% / 0.25% |
| Minimum initial investment | $10,000 |
| Minimum additional investment | $5,000 |
| Applications and withdrawals | Daily (before 12pm on any business day); withdrawal proceeds generally available within 7 days |
| Distributions | Annually, at the end of June |
| Responsible entity | Equity Trustees Limited (ABN 46 004 031 298, AFSL 240975) |
| Investment manager | Akambo Pty Ltd (ABN 16 123 078 900, AFSL 322056) |
| Administrator and unit registry | Apex Fund Services Pty Ltd |
Philosophy & process
We believe markets can be inefficient which can create opportunities for active managers. Inefficiencies are caused by many factors, but predominantly:
- Herd mentality (the crowd must be right) and mistaking popularity over value
- Fear (both of missing out and of loss)
- Blue sky potential of companies and sectors that overshadow others.
So we focus on…
- Searching for companies which have several catalysts to grow earnings or where earnings could be re-rated.
- These companies must be understandable businesses in growing industries, run by competent management, and at attractive prices.
- We amin to buy for 5 reasons and hold for 3 years as catalysts are delivered. We are patient investors and capital preservation is important. What we call “win by not losing”
Process
When an investment is identified it must pass through a quality funnel examining the industry, the company’s position in that industry and management. We then identity catalysts which are incorporated into our valuation. It then must also satisfy a range of financial metrics. Positions are capped at 10%, the Fund uses no derivatives, shorting or leverage, and every trade requires Chief Investment Officer approval.
The team
Andrew Perks has spent 29 years in investment and finance, including research leadership at Bank of America Merrill Lynch and UBS and nine years selecting small caps at Invesco Australia; he has managed this strategy since its 2017 inception. Geoff Greetham brings more than 35 years across banking, corporate finance and investment management, and founded Accordius in 2007. They are supported by an investment team of seven, an independent risk officer and Chief Investment Officer oversight, and both have significant personal investments in the strategy.
Meet the teamFor financial advisers
A separate class designed for advised and platform clients is available on Netwealth and BT Panorama. Contact the team at investments@akambofg.com.
How to invest
You can invest directly in the Fund with a minimum initial investment of $10,000. Start by reading the PDS and Target Market Determination to check the Fund suits your circumstances, then apply online. If you’d rather invest with guidance, the Fund is also available through financial advisers and the Mason Stevens platform.
Disclaimer
This page has been prepared by Akambo Pty Ltd (ABN 16 123 078 900, AFSL 322056), the investment manager of the Akambo Future Leaders Fund. Equity Trustees Limited (ABN 46 004 031 298, AFSL 240975) is the responsible entity and issuer of units in the Fund. The information on this page is general information only and does not take into account your objectives, financial situation or needs. Before making any investment decision you should consider the Product Disclosure Statement and Target Market Determination, available on this page, and consider seeking advice from a licensed financial adviser. Performance figures reflect the Akambo Future Leaders strategy, which employs the same strategy as the Accordius Australian Small Cap Managed Portfolio with a track record since 14 June 2017; the registered fund commenced on 8 August 2025. Returns are after fees and net of franking credits unless otherwise stated and assume reinvestment of income. Past performance is not a reliable indicator of future performance. Akambo does not guarantee the repayment of capital, the payment of income or the Fund’s performance.