Key Highlights

  • The fund was admitted to the ASX on 14 October 2026 and sits in the Equity Australia Mid/Small Blend category.
  • Its stated aim is long-term Capital growth from Australasian small companies outside the S&P/ASX 100.
  • The top 10 holdings together make up about 25 per cent of the portfolio, led by Mainfreight at 2.80 per cent.
  • Management fees and costs are stated at 0.89 per cent, and no distribution is listed in the fund's reporting.

Longwave Aus Small Companies Fund - Active ETF (ASX:WAVE) was admitted to the ASX on 14 October 2026 and is classified as Equity Australia Mid/Small Blend. The fund aims to provide long-term capital growth through a diversified portfolio of Australasian small companies that sit outside the S&P/ASX 100 at the time of investment, or are expected to be within six months. The last price was $11.63, up $0.19 on the day.

Fund detail

Key data

Exchange

ASX

ISIN

AU60WHT93688

Category

Equity Australia Mid/Small Blend

Benchmark

S&P/ASX Small Ordinaries Acc

Admitted

14 October 2026

Last price

$11.63 (up $0.19 on the day)

Previous close

$11.44

Management fees and costs

0.89%

Distributions

None listed in the fund's reporting

Mandate and size focus

The fund's objective is to outperform the S&P/ASX Small Ordinaries Accumulation index over the long term while investing in high-quality companies in Australia and New Zealand. This gives investors exposure to small company equities across both markets.

The category groups funds that invest mainly in small and mid-sized Australian companies, defined as the bottom 30 per cent of the market by capitalisation. For the category, companies above $1 billion account for 48.37 per cent, those between $500 million and $1 billion for 43.78 per cent, and those below $500 million for 7.84 per cent.

Top holdings and asset mix

The largest listed positions are Mainfreight at 2.80 per cent, Viva Energy Group at 2.71 per cent, Auckland International Airport at 2.67 per cent, and Janus Henderson Group at 2.65 per cent. Spark New Zealand, Brickworks, New Hope Corporation, News Corp, Corporate Travel Management and Fletcher Building complete the top 10, which together make up about 25 per cent of the portfolio.

The fund's own asset allocation and geographic exposure as zero, and total holdings as unavailable. For the category, stocks make up 90.22 per cent of assets, bonds 6.15 per cent, cash 1.35 per cent and other Assets 2.44 per cent.

Costs and announcements

Management fees and costs are stated at 0.89 per cent. No distribution history or annual Yield has been published, so the distribution profile cannot yet be assessed.

Recent announcements include the product disclosure statement and admission notice dated 14 October 2026, the September 2026 Investment update published on 15 October 2026, and the units on issue and movements report for October 2026.

Final Word

WAVE offers a listing focused on small Australian and New Zealand companies with a broad top-10 spread. Its portfolio data, distribution history and total holdings have yet to be published, so the fund can be assessed more fully as those disclosures appear.