Australia Small Cap Income - Australian Equities
ASX Small Caps Investments with a Focus on Dividend Income
The TAMIM Australia Small Cap Income Fund is designed to invest in strong Australian businesses with both value and growth characteristics. Our portfolio focuses on cash-generating companies that provide regular dividend payments.
As part of our small cap fund offering, this strategy seeks to combine income with long-term growth.
+14.50% p.a
Annualised Return Since Inception (net of fees) as at 31 October 2025
+152.11%
Total Return Since Inception (net of fees) as at 31 October 2025
$2.1013
NAV Unit Price as at
31 October 2025
Jan 2019
APIR Code:
About the Fund
Outperforming the Small Cap Index with a Focus on Dividends
Our goal is to outperform the reference index over rolling 5-year periods. The equity portfolio is constructed with a concentrated mix of dividend-paying companies exhibiting both value and growth characteristics. We identify segments and sectors offering the best risk-adjusted returns, employing a disciplined approach to portfolio and risk management.
The small cap income fund highlights our conviction that small companies, when chosen carefully, can deliver sustainable returns for investors.
ASX Small Cap investment strategy by Ron Shamgar
- Benefit from the TVG Capital investment process.
- Flexible Small Cap investment mandate.
- Long-term and risk-averse approach.
- Concentrated portfolio of high-quality companies for long-term protection and superior upside potential.
- Offers semi-annual distributions from portfolio dividends.
This approach ensures that investors access both growth and income through our small cap fund structure.
All investments carry risk.
While we cannot address every potential risk, comprehensive details are available in relevant information memorandums and additional information booklets.
Investors should consider whether the TAMIM small cap income fund aligns with their objectives, risk tolerance and investment horizon.
Portfolio Manager: Ron Shamgar
Ron Shamgar has successfully managed TAMIM’s Australian equity portfolios for over five years, establishing himself as a top-performing fund manager. With over 20 years of active investing on the ASX, Ron’s passion for value investing and systematic approach to evaluating businesses shines through.
Fund Performance
Reports & Factsheet
Reports
| Monthly Report | |
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January 2025 Factsheet
Discover further details about the fund's investment strategy, the investment team, and the investment process.
Investment Process
Resources
Fund Facts
Investment Parameters
| Management Style: | Active |
| Investments: | Australian Equities |
| Investment Universe: | Australian Small Cap |
| Reference Index: | ASX Small Ords |
| Number of Securities: | 20-40 (10-20 Value, 10-20 Growth) |
| Single Security Limit: | +/-5% |
| Market Capitalisation: | Small Cap |
| Leverage: | No |
| Portfolio Turnover: | <50% p.a. |
| Cash Level (typical): | 0-100% (0-50%) |
Fund Profile
| Investment Structure: | Unlisted Unit Trust (available to wholesale investors) |
| Minimum Investment: | $100,000 |
| Management Fee: | 1.25% p.a. |
| Admin & Expense Recovery: | Up to 0.35% |
| Performance Fee: | 20% of performance in excess of hurdle |
| Hurdle: | Greater of: RBA Cash Rate + 2.50% or 4% |
| Entry/Exit Fee: | Nil |
| Buy/Sell Spread: | +0.25% / -0.25% |
| Distributions: | Semi-annual |
| Applications/Redemptions: | Monthly |
| Redemptions: | Monthly with 30 days' notice |
| Investment Horizon: | 3 - 5 years + |
Investor Profile
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Ready to invest with confidence with TAMIM? Discover the benefits of our small cap income fund and take the next step by contacting us today.
FAQs
Are small caps still a good investment?
Yes, small caps can still be a good investment for long-term investors seeking diversification. A small cap fund can offer exposure to companies that grow faster than large peers while also delivering dividend income.
These investments are more volatile and may not suit every portfolio, but disciplined selection of quality businesses with strong fundamentals can help balance risk and reward.
Should I stay invested in a small cap fund?
Yes, staying invested in a small cap income fund is often recommended to realise the full benefit of long-term growth opportunities. While small caps can be more sensitive to market shifts in the short term, patient investors may be rewarded as quality businesses deliver sustainable earnings and dividends.
TAMIM’s small cap income fund follows a research-driven process designed to manage risk while seeking consistent income and capital growth over time.
Which small-cap fund has given the highest return?
The highest-returning option depends on the period measured, but TAMIM’s small cap income fund has delivered strong results since inception.
While past performance cannot predict future results, this small cap fund demonstrates how disciplined investment in dividend-paying companies can generate attractive long-term outcomes for wholesale and sophisticated investors.
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The TAMIM Australia Small Cap strategy is available as an Individually Managed Account (IMA). Please see the Strategy Summary for terms or request Investment Documentation via form.