Our Fund
An Australian small cap fund focused on high-quality companies outside the ASX100, targeting long-term growth through disciplined, research-led investing.
The Datt Small Companies Fund (Class B) is a small companies fund in Australia investing in businesses outside the ASX100 with strong fundamentals and scalable growth potential. The strategy focuses on identifying undervalued companies in Australia that are often less efficiently covered by the broader market.
Unlike passive small cap index funds, the Fund applies concentrated, high conviction portfolio construction driven by independent, bottom-up research. The objective is to generate long-term capital growth by investing in emerging leaders early in their lifecycle.
As of January 2026, the Datt Small Companies Fund (Class B) has achieved:
The Fund seeks to invest in small and micro-cap Australian businesses with the potential to become the blue-chip companies of tomorrow. We focus on scalable business models, founder alignment, and strong balance sheets.
The Fund aims to outperform the S&P/ASX Small Ordinaries Accumulation Index (XSOA) over a rolling five-year period through disciplined, active management. Performance is driven by security selection rather than index replication.
The portfolio typically holds 15 to 25 Australian small cap equities across sectors. Position sizes reflect conviction and risk-adjusted return potential rather than index weights.
Our process relies on original, bottom-up research to assess competitive advantage, capital allocation, industry structure, and valuation. We do not rely on consensus views to construct the portfolio.
"We think that the small cap opportunity is so compelling... The real objective for us is we really want to discover the blue chip companies of tomorrow, today, effectively using the same investment and portfolio management approaches that we've used with our initial fund."
— Emanuel Ajay Datt, Principal.
From Emanuel Datt’s interview on the Eureka Report. Read more at "Identifying Small Cap Opportunities Before the Mainstream".
As at January 2026, the Datt Small Companies Fund (Class B) has delivered a net return of -2.41% since inception. Performance has exceeded the S&P/ASX Small Ordinaries Accumulation Index (XSOA) over the same period.
Rolling returns, drawdown data, and peer comparison metrics are available in the full performance report.
If you would like access to past Small Companies Fund performance Class B reports, please contact us directly.
Period
1 Month
Since inception
The Fund
-2.41%
-0.06%
Benchmark
2.74%
4.20%
Net Value Add
-5.15%
-4.26%
Key Fund Details
Description
Name
Datt Small Companies Fund
Investment Manager
Datt Capital
Trustee & Fund Administrator
Fundhost
Custodian
HSBC
Auditors
Ernst & Young
Benchmark
RBA CashS&P/ ASX Small Ordinaries Accumulation Index (XSOA) Rate + 5% (Index Unaware)
Asset Class
Long-only, ex-ASX100 Australian equities
Leverage
None
Minimum Subscription
$50,000 and only open to investors considered "wholesale investors" under Section s761g of the Corporations Act.
Redemptions
Monthly
Distribution Frequency
Annual
Management Fees
1.79%
Performance Fees
20.5% > benchmark
Platform ailability
Hub24 IDPS, Mason Stevens IDPS, and Netwealth IDPS
APIR
FHT4217AU
Other Fees
0.52%
Details
Description
Name
Datt Small Companies Fund
Investment Manager
Datt Capital
Trustee & Fund Administrator
Fundhost
Custodian
HSBC
Auditors
Ernst & Young
Benchmark
S&P/ ASX Small Ordinaries Accumulation Index (XSOA)
Asset Class
Long-only, ex-ASX100 Australian equities
Leverage
None
Minimum Subscription
$50,000 and only open to investors considered "wholesale investors" under Section s761g of the Corporations Act.
Redemptions
Monthly
Distribution Frequency
Annual
Management Fees
1.54%
Performance Fees
20% above Benchmark
Platform Availability
Hub24 IDPS, Mason Stevens IDPS, and Netwealth IDPS
APIR
FHT4217AU
The details above are indicative and should be read in conjunction with any Information Memorandum (IM) which may be available upon request.
You can invest in the Datt Small Companies Fund through the following investment platforms:
To invest via these platforms, please contact your platform financial adviser.
For further information about our Fund offerings, contact our Head of Distribution, Daniel Liptak, at 0419 004 524 or via email at daniel@datt.com.au.
Retail investors can now access the Datt Small Companies Fund directly through approved investment platforms.
To invest through these platforms, please contact your financial adviser. For information about the Fund or our investment documentation or for the Fund to be added to another platform, please contact our Distribution Manager, Daniel Liptak, on 0419 004 524 or daniel@datt.com.au.
Documentations:
Important Information
The Datt Capital Small Companies Fund Class B (ARSN: 692 381 936)(Fund) discussed in this report is offered via a Product Disclosure Statement (PDS). Datt Capital Pty Ltd (ABN 37 124 330865, AFSL 542100) is the Investment Manager of the Fund. Fundhost Limited (ABN: 69 092 517 087, AFSL 233045) is the issuer and responsible entity of the Fund. Before making any decision to make or hold any investment in a Fund you should consider the PDS in full. Datt Capital provides general information to help you understand our investment approach. Any financial advice we provide has not considered your personal circumstances and an investment in the Fund may not be suitable for you. You should consider seeking your own independent financial advice before making any financial or investment decisions. The PDS and Target Market Determination (TMD) can be located at Datt Capital Small Companies Fund Class B - Fundhost - Fund Administration Trustee & Services Partner Past performance is not an indicator of future performance. Returns are not guaranteed. The information contained in this document is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation, or which wouldsubject Datt Capital or Fundhost Limited to any registration or other requirement within such jurisdiction or country. To the extent permitted by law, Datt Capital and Fundhost, their officers, employees, consultants, advisers and authorized representatives, are not liable for any loss or damage arising as a result of any reliance placed on this document. Information has been obtained from sources believed to be reliable, but we do not represent it is accurate or complete, and it should not be relied upon as such.
The Fund invests in Australian small and micro-cap companies outside the ASX100 across multiple sectors. Investment decisions are based on fundamental research and long-term growth potential rather than short-term market momentum.
The Fund invests across the small-cap lifecycle, from emerging disruptors to established compounders. Companies are selected based on: structural growth drivers, sustainable competitive advantages, management quality and capital discipline, and attractive valuation relative to intrinsic value.
This approach allows investors to access special investment opportunities within Australian small companies that may not yet be widely recognised.
The Fund is actively managed and benchmark-aware but not benchmark-driven. It seeks to outperform the small cap index through independent research and selective capital allocation rather than broad market exposure.
The Small Companies Fund (Class ) is available to retail investors as defined under Australian law.
The minimum initial investment in the Datt Small Companies Fund is $50,000 for new investors and $5,000 for existing investors.
Investment Excellence with a Proven Edge
Datt Capital Pty Ltd
ABN 37 124 330 865
AFSL 542100
390 St Kilda Rd, Melbourne VIC 3004
© COPYRIGHT 2025. ALL RIGHTS RESERVED.
Datt Capital Pty Ltd
ABN 37 124 330 865
AFSL 542100
390 St Kilda Rd, Melbourne VIC 3004
© COPYRIGHT 2026. ALL RIGHTS RESERVED.
The information on this website is prepared and issued by Datt Capital Pty Ltd (ABN 37 124 330 865 AFSL 542100) (Datt Capital). The information is intended for wholesale clients within the meaning of section 761G or 761GA of the Corporations act 2001 (Cth) (Corporations Act) and must not be made available to any persons that are “retail clients” for the purpose of the Corporations Act.
Datt Capital is the investment manager of The Datt Capital Absolute Return Fund (Fund) which is available to wholesale investors only. Fundhost Limited (ABN 69092 517 087 AFSL 233045) (Fundhost) is the issuer and trustee of the Fund. An investment in the Fund will only be available through a valid application form attached to the information memorandum. Before making any decision to make or hold any investment in the Fund you should consider the information memorandum in full. The information contained on this website or in any email is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation, or which would subject Datt Capital or Fundhost Limited to any registration or other requirement within such jurisdiction or country. Datt Capital may provide general information to help you understand our investment approach. Any financial advice we provide has not considered your personal circumstances and may not be suitable for you. To the extent permitted by law, Datt Capital and Fundhost, their officers, employees, consultants, advisers and authorised representatives, are not liable for any loss or damage arising as a result of any reliance placed on this document. Information has been obtained from sources believed to be reliable, but we do not represent it is accurate or complete, and it should not be relied upon as such. Datt Capital and Fundhost do not guarantee investment performance or distributions, and the value of your investment may rise or fall. Past performance is not an indicator of future performance.
