Savana US Small Caps Active ETF

SVNP provides ASX investors with active exposure to US small- and mid-capitalisation companies through Savana’s proprietary, algorithmic investment process. The fund seeks benchmark outperformance through valuation-based security selection and concentrated portfolio construction rather than passive index replication, while remaining exposed to the risks of US small-cap equities, active management and an unhedged AUD structure.

The fund targets the S&P Small Cap 600 Total Return (AUD) Index after fees over a medium- to long-term horizon. Its typical portfolio contains 30–50 stocks and is generally rebalanced every two months, subject to investment and liquidity thresholds. The official fund page lists a 1.00% management fee and a 15.00% performance fee above the benchmark after management fees, subject to a high watermark.

Savana is an Australian systematic investment business focused on developing algorithmically driven active ETFs. Its flagship product, the Savana US Small Caps Active ETF, is listed on the Australian Securities Exchange under code SVNP and invests primarily in US-listed small- and mid-capitalisation companies identified as undervalued by Savana’s systematic process.

SVNP is issued by K2 Asset Management Ltd, domiciled in Australia, denominated in Australian dollars and unhedged. The fund’s strategy commenced on 6 November 2024; the underlying vehicle was previously known as the Fat Prophets High Conviction Hedge Fund and operated under a different strategy before that date. Savana reports that its broader product pipeline includes additional planned ETF strategies, but those products are not treated as launched here.