Highlights

  • B1SM provides active exposure to global small and medium sized companies.
  • The manager describes a portfolio framework of thirty to sixty companies.
  • Company selection uses fundamental research with quality and profitability considerations.
  • The ETF pathway launched on 30 March 2026.

Bell Global Emerging Companies Fund Class A Active ETF (ASX:B1SM) provides actively managed exposure to small and medium sized companies listed on global stock exchanges. The manager uses a long only approach and fundamental company research. Its ETF access pathway launched on 30 March 2026. The strategy seeks businesses with strong commercial franchises, management, balance sheets and profitability, placing company quality at the centre of the intended exposure.

Emerging companies describes the company size opportunity

The mandate focuses on global small and medium sized companies. In this context, emerging companies does not mean a dedicated emerging markets country allocation. The listed reference benchmark is the MSCI World SMID Cap Index, which provides the size and market context for the strategy.

The manager describes a portfolio framework of thirty to sixty companies. This is a portfolio construction description rather than a current verified holding count. Concentration within that framework depends on individual company weights. Without a complete current allocation, a target number of holdings cannot establish the precise country or sector exposure.

Fundamental quality selection and implementation

The Investment approach considers company franchises, management, balance sheets and consistent profitability. Environmental, social and governance considerations are integrated into the process. These features describe how the manager assesses businesses and do not establish that every selected company will achieve the desired commercial outcomes.

The fund can hold Derivatives where the manager considers them an appropriate way to obtain exposure to underlying securities. Its disclosed approach states no intention to use derivatives to gear or Leverage the portfolio. That distinction concerns the purpose of implementation; it does not remove the risks attached to the underlying shares.

Access structure distributions and smaller company risks

The active ETF and unlisted access channels provide access to the same underlying Class A strategy. The launch of the ETF pathway did not itself establish a new investment process. Trading access and Portfolio Management are different aspects of the structure.

Smaller companies can be affected by financing access, trading Liquidity and changes in competitive conditions. Global investments add currency and jurisdictional influences. A quality assessment can support the manager’s selection process, but company Earnings and valuations can still weaken. The benchmark relationship and portfolio framework describe the intended approach rather than an assurance of Capital preservation.

A distribution of AUD 0.469 per unit had an ex-distribution date of 29 June 2026, a Record Date of 30 June 2026 and a payment date of 13 July 2026. Distribution amounts can change and do not represent a fixed payment commitment.

Key Insights

B1SM offers an active route to global smaller company exposure through quality focused research. Its portfolio framework and implementation permissions describe how the strategy can operate, while actual company weights determine the exposure at any point in time.