WAM Microcap Limited

WAM Microcap Limited is an Australian closed-ended equity mutual fund that provides investors with exposure to a diversified portfolio of undervalued micro-cap growth companies, each with a market capitalisation below $300 million at the time of acquisition. Managed by MAM Pty Limited, the fund employs a research-driven investment process, focusing on factors such as free cash flow, return on equity, management quality, and earnings growth potential to identify opportunities in the Australian equity market. WAM Microcap aims to deliver a stream of fully franked dividends, achieve capital growth over the medium-to-long term, and preserve capital. The fund also targets relative value arbitrage and market mispricing opportunities, leveraging both fundamental and quantitative analysis. Listed in June 2017 and headquartered in Sydney, WAM Microcap plays a significant role in offering retail and institutional investors access to the often-overlooked micro-cap segment, supporting portfolio diversification and targeted exposure to emerging growth businesses across various sectors.