Our Fund
Australia's #2 ranked Australian equity fund in 2025 by Morningstar, investing in high-quality ASX small cap companies outside the ASX100 for long-term capital growth.
An actively managed, high-conviction Australian small cap fund for wholesale investors seeking long-term capital growth beyond the large cap index. The Fund invests in businesses outside the ASX100, companies that are often under-researched, undervalued, and positioned early in their growth cycle.
As of September 2026, the Datt Small Companies Fund (Class B) has achieved:
The Fund targets small and micro-cap Australian businesses with the potential to become tomorrow's blue-chip companies. We focus on scalable models, founder alignment, and strong balance sheets, before the market catches on.
The Fund aims to outperform the S&P/ASX Small Ordinaries Accumulation Index over a rolling five-year period. Performance is driven by independent security selection rather than index replication or passive market exposure.
The portfolio holds 15–25 concentrated positions, sized by conviction and risk-adjusted return potential. We allocate meaningfully to our best ideas, and hold cash when compelling opportunities are scarce.
Every investment decision is driven by original, bottom-up analysis conducted entirely in-house. We assess competitive advantage, management quality, capital allocation, and valuation, free from broker influence or consensus views.
"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".
The Fund aims to deliver consistent, risk-managed outcomes over a full market cycle, with returns shown net of all fees and expenses. Monthly commentary explaining what drove performance is available in Latest Fund Insights below.
As at 30/09/2026
1 month
3 months
6 months
Since inception
The Fund
0.74%
3.95%
-5.27%
-20.79%
Benchmark
-2.34%
-0.53%
2.77%
-7.10%
Net Value
3.08%
4.48%
-8.04%
-13.69%
As at
30/09/2026
1 month
3 months
6 months
Since inception
The Fund
0.74%
3.95%
-5.27%
-20.79%
Benchmark
-2.34%
-0.53%
2.77%
-7.10%
Net Value
3.08%
4.48%
-8.04%
-13.69%
Name
Datt Capital Small Companies Fund (Class B)
Investment Manager
Datt Capital
APIR
FHT7012AU
Responsible Entity
Fundhost
Custodian
HSBC
Auditors
William Buck
Benchmark
S&P/ASX Small Ordinaries Accumulation Index (XSOA)
Asset Class
Long-only, ex-ASX100 Australian equities
Leverage
None
Minimum Subscription
$50,000
Other Fees
0.52% (Transaction costs are not included in this figure. Please refer to the PDS for more information.)
Distribution Frequency
Annual
Management Fees
1.79%
Performance Fees
20.5% of outperformance of benchmark
Platform ailability
FNZ IDPS, Hub24 IDPS, Mason Stevens IDPS, Netwealth IDPS, and Olivia123
The details above are indicative and should be read in conjunction with any Target Market Determination (TMD) which may be available upon request.
Request TMDYou 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). Unless otherwise stated, the information is intended for wholesale clients within the meaning of section 761G or 761GA of the Corporations Act 2001 (Cth) (Corporations Act).
Datt Capital is the investment manager of the Datt Capital Absolute Return Fund (APIR FHT3309AU), the Datt Small Companies Fund Class A (APIR FHT4217AU), and the Datt Small Companies Fund Class B (APIR FHT4217AU) (together, the Funds). Fundhost Limited (ABN 69 092 517 087 AFSL 233045) (Fundhost) is the issuer and trustee of each Fund.
The Datt Capital Absolute Return Fund and the Datt Small Companies Fund Class A are available to wholesale investors only and must not be made available to any persons that are "retail clients" for the purpose of the Corporations Act. An investment in either of these Funds is available directly through a valid application form attached to the relevant information memorandum, through the Olivia123 direct application platform, or through selected investor directed portfolio service (IDPS) platforms. Before making any decision to make or hold any investment in either Fund you should consider the relevant information memorandum in full. The Datt Small Companies Fund Class B is available to retail investors only, exclusively through selected investor directed portfolio service (IDPS) platforms. Before making any decision to make or hold any investment in this Fund you should consider the relevant Product Disclosure Statement (PDS) in full. The PDS is available on request by contacting Datt Capital directly.
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 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.