The Lanyon Australian Value Fund will be listed on investment platforms, namely BT Wrap, Macquarie Wrap and MLC Wrap over the coming months.
Lanyon Asset Management, a high conviction boutique fund manager, made the announcement during a presentation of its performance over 2011.
The fund returned 8.4 per cent after all fees over the 12 months to 31 December 2011, where the ASX 300 Accumulation index reported a negative return of 11 per cent.
Since its inception on 1 July 2010, the fund has returned 17.4 per cent after fees.
The fund predominantly looks for value among small and mid cap companies, but is not constrained by market capitalisation.
Although the average market cap of the companies it invests in is around $220 million, it also has a stake in Telstra.
"When you buy Telstra at below $3 a share, which is where we bought most of our stock, the dividend yields is over 10 per cent, which is absurd for a company that size," Lanyon portfolio manager David Prescott said.
Dividends made up the majority of the fund's return last year, accounting for 6.75 per cent of the before fee return of 10.8 per cent.
"A significant part of the return has come from dividend income," Prescott said.
"This is no surprise to us, as we look for companies that pay a decent dividend yield," he said.
The fund has held a significant amount in cash during the year and ended at 53 per cent of its holdings in cash.
This added 3.05 per cent in interest to the before fee return over the calendar year.
"There will be a point at which we will be fully invested, but that depends on the opportunities we see in the market," Prescott said.
Lanyon was launched in July 2010, by Prescott and MMC Asset Management founder Erik Metanomski, who are both portfolio managers for the fund.
In mid 2011 it opened its business to retail investors.
