We find the leaders of tomorrow — the emerging businesses with the potential to grow into powerhouses over coming years.
As active, bottom-up, fundamental investors, we’re proud of our track record identifying growing businesses with what we consider high-quality and sustainable earnings while also satisfying our clearly-defined expectations around ESG.
Our founders majority own the business, are invested in the strategies and have a long history of generating returns for investors.
The Lennox Australian Small Companies Fund — an actively managed, style agnostic portfolio that invests in a broad range of smaller companies.
Holds 20-40 Australian & New Zealand listed securities.
Uses both qualitative screening and in-depth fundamental research to identify investment opportunities.
Aims to outperform S&P/ASX Small Ordinaries Accumulation Index over the medium to long term.
Excludes investments in controversial industries, including but not limited to companies with ownership in fossil fuel reserve. This means we do not invest in mining and energy companies that own the underlying resource assets.
Performance of $100,000 invested since inception (net of fees)*
*Past performance is not a reliable indicator of future performance. As at 28 Feb 2025.
Returns are calculated after fees have been deducted and assume distributions and been reinvested. No allowance is made for tax when calculating these figures. The inception date for the Fund is 28 April 2017. The benchmark for the Fund is the S&P/ASX Small Ordinaries Accumulation Index. The track record includes the actual performance of the Macquarie Australian Small Companies Fund from 1 January 2012 to 27 January 2017. James Dougherty was lead portfolio manager of the Fund from 1 January 2012 to 27 January 2017 and Liam Donohoe was co-portfolio manager of the Fund from 1 July 2015 to 25 January 2017 and part of the broader Macquarie Australian Fundamental Equity team.
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We believe ESG is integral to creating the leaders of tomorrow.
Environmental, social and governance factors are integrated into Lennox’s investment process and have formed part of our investment strategy since inception.
We take an active approach to improving the ESG outcomes of companies we invest in through engagement with both management and board members.
We believe our commitment to ESG enables us to deliver better long term returns for our clients.
We are proud to have four out of five star rating awarded by the UN-supported Principles for Responsible Investing (PRI).
Lennox is a signatory to the Net Zero Asset Managers initiative, committing to working with investor networks, companies and clients to support the goal of net zero emissions by 2050 or sooner.
Latest insights
Stock in Focus: Integral Diagnostics (IDX)
Integral Diagnostics (IDX) is a leading healthcare company specializing in diagnostic imaging, with strong growth drivers including structural growth in the industry, benefits from its merger with Capitol Health (CAJ), and opportunities for market share expansion, positioning it for significant future value growth.
