Bell Global Emerging Companies Fund (Class A) Active ETF (ASX:B1SM)
The Bell Global Emerging Companies Fund (Class A) Active ETF is a diversified, actively managed portfolio of 30-60 high quality global listed small and mid-cap companies (SMID caps).
This is a dual access fund, meaning investors can access the one underlying portfolio via two channels:
- As an active exchange-traded fund (ETF) listed on the ASX (ticker: B1SM), or
- As an unlisted managed fund via platforms or PDS (APIR code BPF0029AU).
Fund Overview
The Bell Global Emerging Companies Fund (Class A) Active ETF uses a long only investment strategy with an unconstrained, fundamental, bottom-up approach to stock picking. We select companies with strong franchises, excellent management and balance sheets, and superior and consistent profitability. ESG considerations are integrated within the investment process.
Prior to 30 March 2026, the fund was called the Bell Global Emerging Companies Fund (Class A). The name was changed when the Active ETF pathway was launched. There were no changes made to the Fund’s investment process, benchmark, fees or structure.
Ned Bell, Joel Connell, Matt Saddington
Strategy: 27 June 2016
Active ETF - ASX ticker: B1SM
Unlisted Managed Fund - APIR Code: BPF0029AU
To outperform the MSCI World SMID Cap Index over rolling three-year periods after fees and expenses (but before taxes).
The Fund invests in a high-quality portfolio of small and mid cap companies listed on global stock exchanges
(for unlisted managed fund)
Please refer to the important information about Research Rating.
Contact us for details about other ratings.
At least 5 years
(for unlisted managed fund)
Initial investment: $10,000.
Unhedged; AUD
1.34% pa of the NAV of the Fund. No performance fees, no entry or exit fees
The Trust Company (RE Services) Limited (ABN 45 003 278 831, AFSL 235150)
Bell Asset Management Limited (ABN 84 092 278 647, AFSL 231091)
Apex Fund Services Pty Limited (ABN 81 118 902 891)
The fund’s latest portfolio profile (including top holdings, sector and regional exposure) is available within the monthly performance reports.
Active ETF
ASX: B1SM iNAV
B1SM Indicative Net Asset Value (iNAV)
An indicative NAV per Unit (“iNAV”) for the Fund will be published throughout the Trading Day. The iNAV reflects the real time movements in stock markets and currencies during the Trading Day and, for securities not trading during the Trading Day, correlative factors that have been historically predictive of price changes, are used to provide real-time estimates of the price of those securities. The iNAV represents the best estimate by the Responsible Entity (“RE”) or its appointed agents of the value per unit in the Fund throughout the trading day. The iNAV published by the Fund is indicative only and might not accurately reflect the underlying value of the Fund. The Issuer or its appointed agents gives no guarantees that the iNAV will be published continuously or that it will be up to date or free from error. To the extent permitted by law, neither the RE or its appointed agent shall be liable to any person who relies on the iNAV.
The iNAV calculations are provided by ICE Data Indices, LLC or its third-party suppliers and are updated during ASX trading hours. iNAV calculations are indicative and for reference purposes only. You acknowledge that the Data is provided for information only and should not be relied upon for any purpose.
The Bell Global Emerging Companies Fund (Class A) Active ETF (the “Fund”) is not sponsored, endorsed, sold or marketed by ICE Data Indices, LLC, its affiliates (“ICE Data”) or their respective third party suppliers. ICE DATA AND ITS THIRD-PARTY SUPPLIERS MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE iNAV, IOPV, FUND OR ANY DATA INCLUDED THEREIN. IN NO EVENT SHALL ICE DATA HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, DIRECT, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.
Active ETFs offer a simple pathway to access professional, research-driven portfolio management in a transparent, exchange-traded structure. Investors can buy and sell units on the ASX like a share, while benefiting from active decision-making designed to capture opportunities and manage risk through changing market conditions. With clear daily holdings disclosure and typically lower minimums than traditional managed funds, Active ETFs can make active investing more accessible, liquid, and cost-effective.
ASX Announcements
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Unlisted Managed Fund
Unit Price
The Bell Global Emerging Companies Fund (Class A) Active ETF offers Class A units via a dual access structure where investors can purchase and sell units either on-market via ASX or off-market via the Fund’s application form.
Unit prices will be updated regularly but they may differ from the prices you receive should you apply for or redeem units from the Fund. The actual transaction price will be communicated to investors via a transaction statement shortly after the transaction has been processed. The unit prices displayed may include income and any realised gains accrued but not yet distributed.
Performance
Click here to view the latest
Monthly Report.
*Inception date of 27 June 2016
Benchmark: MSCI World SMID Cap Index
The performance returns take into account all fees and expenses charged to each of the funds, but don’t include any allowance for tax. Net returns are also calculated assuming all distributions are reinvested. All returns represent past performance only. Past performance is not a reliable indicator of future performance.
Ratings
For unlisted managed fund only. Please refer to the important information about Research Rating.
Frequently Asked Questions
Have a question that you can’t find the answer to? Contact us.
To outperform the MSCI World SMID Cap Index over rolling three-year periods after fees and expenses (but before taxes).
The Fund will invest in a high-quality portfolio of small and mid cap (SMID) listed on global stock exchanges.
Fund is denominated in Australian Dollars and is unhedged.
Distributions are normally made annually for the period ending 30 June.
Unless otherwise determined by the Responsible Entity, the minimum initial investment for the unlisted managed fund is $10,000.
The management fee is 1.25% per annum of the Net Asset Value of the Fund, inclusive of GST (net of estimated input tax credits or reduced input tax credits).
The Recoverable Expense is an additional expense. The estimated cost relates to custody arrangements, preparation of accounts and unit registry of 0.09% per annum of the net asset value of the Fund, inclusive of GST (net of estimated input tax credits or reduced input tax credits).
0.10% buy spread/0.10% sell spread.
The Buy/Sell Spread is an estimate of the transaction costs that are incurred in buying and selling the underlying assets of the Fund as a result of applications and withdrawals. The Buy Spread is added to the NAV price and is paid into the Fund as part of an application and the Sell Spread is deducted from the NAV price and is left in the Fund as part of a redemption.
Applications and withdrawals can be made on a daily basis with notice to be received by the Fund’s Administrator by 2pm EST.
Unit prices are usually calculated each Business Day, and are published on this website.
You can invest via the ASX (ticker: B1SM), the Product Disclosure Statement or your platform provider. Key documents and investor forms for the unlisted managed fund can be found here. If you have further questions, please contact our registry on 1300133 451 or registry@apexgroup.com.
Statements are provided to you on an annual basis. Your statement will show the number of units you have and the current value of your investment.
Up-to-date unit balances are also available in several different ways depending on how you invested in the Fund.
Via a platform: You will be able to see your unit balance on your account summary page in your Platform account.
Via ASX (ticker: B1SM): You will be able to access your unit balance on your account holdings page through your broker.
Units held directly: To access the online portal – click here
The portal gives you access to your unit balance and dollar value as well as copies of statements and other correspondence. If you require assistance to register for the investor portal, please call the client service team on 1300 133 451 or registry@apexgroup.com.
This information has been prepared and issued by Bell Asset Management Limited (BAM) ABN 84 092 278 647, AFSL 231091 as the investment manager of the Bell Global Emerging Companies Fund ARSN 160 079 541. The Trust Company (RE Services) Limited ABN 45 003 278 831 AFSL 235 150 (Perpetual) is the responsible entity and the issuer of units in the Fund. It is general information only and is not intended to provide you with financial advice and has been prepared without taking into account your objectives, financial situation or needs. You should consider the product disclosure statement (PDS), prior to making any investment decisions. The PDS and target market determination (TMD) can be obtained for free by contacting 1300 133 451 or registry@apexgroup.com or by visiting www.bellasset.com.au . If you require financial advice that takes into account your personal objectives, financial situation or needs, you should consult your licensed or authorised financial adviser. This information is only as current as the date indicated, and may be superseded by subsequent market events or for other reasons. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. All investments contain risk and may lose value.
Neither BAM nor any company in the Perpetual Group (Perpetual Limited ABN 86 000 431 827 and its subsidiaries) guarantees the performance of any fund or the return of an investor’s capital. Neither BAM nor Perpetual give any representation or warranty as to the reliability or accuracy of the information contained here.
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