NEWS
Performance Report: Paragon Australian Long Short Fund
22 Apr 2022 - FundMonitors.com
The Paragon Australian Long Short Fund rose by +23.69% in March, an outperformance of +16.8% compared with the ASX 200 Total Return Index which rose by +6.89%. The fund has outperformed the index since inception in March 2013, providing...
Read more...
22 Apr 2022 - Performance Report: Paragon Australian Long Short Fund
By: FundMonitors.com
| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months (pa) | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | Paragon's unique investment style, comprising thematic led idea generation followed with an in depth research effort, results in a concentrated portfolio of high conviction stocks. Conviction in bottom up analysis drives the investment case and ultimate position sizing: * Both quantitative analysis - probability weighted high/low/base case valuations - and qualitative analysis - company meetings, assessing management, the business model, balance sheet strength and likely direction of returns - collectively form Paragon's overall view for each investment case. * Paragon will then allocate weighting to each investment opportunity based on a risk/reward profile, capped to defined investment parameters by market cap, which are continually monitored as part of Paragon's overall risk management framework. The objective of the Paragon Fund is to produce absolute returns in excess of 10% p.a. over a 3-5 year time horizon with a low correlation to the Australian equities market. |
| Manager Comments | The Paragon Australian Long Short Fund has a track record of 9 years and 1 month and has outperformed the ASX 200 Total Return Index since inception in March 2013, providing investors with an annualised return of 13.78% compared with the index's return of 8.75% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 9 years and 1 month since its inception. Over the past 12 months, the fund's largest drawdown was -27.05% vs the index's -6.35%, and since inception in March 2013 the fund's largest drawdown was -45.11% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in January 2018 and lasted 2 years and 7 months, reaching its lowest point during March 2020. The fund had completely recovered its losses by August 2020. The Manager has delivered these returns with 12.27% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 four times over the past five years and which currently sits at 0.57 since inception. The fund has provided positive monthly returns 69% of the time in rising markets and 46% of the time during periods of market decline, contributing to an up-capture ratio since inception of 107% and a down-capture ratio of 82%. |
| More Information |
Performance Report: Delft Partners Global High Conviction Strategy
22 Apr 2022 - FundMonitors.com
The Delft Partners Global High Conviction Strategy returned -0.61% in March. The strategy has a track record of 10 years and 8 months and has outperformed the Global Equity Index since inception in August 2011, providing investors with an...
Read more...
22 Apr 2022 - Performance Report: Delft Partners Global High Conviction Strategy
By: FundMonitors.com
| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months (pa) | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | The quantitative model is proprietary and designed in-house. The critical elements are Valuation, Momentum, and Quality (VMQ) and every stock in the global universe is scored and ranked. Verification of the quant model scores is then cross checked by fundamental analysis in which a company's Accounting policies, Governance, and Strategic positioning is evaluated. The manager believes strategy is suited to investors seeking returns from investing in global companies, diversification away from Australia and a risk aware approach to global investing. It should be noted that this is a strategy in an IMA format and is not offered as a fund. An IMA solution can be a more cost and tax effective solution, for clients who wish to own fewer stocks in a long only strategy. |
| Manager Comments | The Delft Partners Global High Conviction Strategy has a track record of 10 years and 8 months and has outperformed the Global Equity Index since inception in August 2011, providing investors with an annualised return of 14.89% compared with the index's return of 13.61% over the same period. On a calendar year basis, the strategy has experienced a negative annual return on 2 occasions in the 10 years and 8 months since its inception. Over the past 12 months, the strategy's largest drawdown was -5.7% vs the index's -8.41%, and since inception in August 2011 the strategy's largest drawdown was -13.33% vs the index's maximum drawdown over the same period of -13.19%. The strategy's maximum drawdown began in February 2020 and lasted 1 year, reaching its lowest point during July 2020. The strategy had completely recovered its losses by February 2021. The Manager has delivered these returns with 1.36% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 four times over the past five years and which currently sits at 1.1 since inception. The strategy has provided positive monthly returns 88% of the time in rising markets and 13% of the time during periods of market decline, contributing to an up-capture ratio since inception of 100% and a down-capture ratio of 92%. |
| More Information |
Performance Report: Bennelong Long Short Equity Fund
22 Apr 2022 - FundMonitors.com
The Bennelong Long Short Equity Fund returned -1.23% in March. The fund has a track record of 20 years and 2 months and has outperformed the ASX 200 Total Return Index since inception in February 2002, providing investors with an...
Read more...
22 Apr 2022 - Performance Report: Bennelong Long Short Equity Fund
By: FundMonitors.com
| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months (pa) | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | In a typical environment the Fund will hold around 70 stocks comprising 35 pairs. Each pair contains one long and one short position each of which will have been thoroughly researched and are selected from the same market sector. Whilst in an ideal environment each stock's position will make a positive return, it is the relative performance of the pair that is important. As a result the Fund can make positive returns when each stock moves in the same direction provided the long position outperforms the short one in relative terms. However, if neither side of the trade is profitable, strict controls are required to ensure losses are limited. The Fund uses no derivatives and has no currency exposure. The Fund has no hard stop loss limits, instead relying on the small average position size per stock (1.5%) and per pair (3%) to limit exposure. Where practical pairs are always held within the same sector to limit cross sector risk, and positions can be held for months or years. The Bennelong Market Neutral Fund, with same strategy and liquidity is available for retail investors as a Listed Investment Company (LIC) on the ASX. |
| Manager Comments | The Bennelong Long Short Equity Fund has a track record of 20 years and 2 months and has outperformed the ASX 200 Total Return Index since inception in February 2002, providing investors with an annualised return of 12.98% compared with the index's return of 8.43% over the same period. On a calendar year basis, the fund has experienced a negative annual return on 3 occasions in the 20 years and 2 months since its inception. Over the past 12 months, the fund's largest drawdown was -21.34% vs the index's -6.35%, and since inception in February 2002 the fund's largest drawdown was -28.75% vs the index's maximum drawdown over the same period of -47.19%. The fund's maximum drawdown began in September 2020 and has lasted 1 year and 6 months, reaching its lowest point during March 2022. During this period, the index's maximum drawdown was -15.05%. The Manager has delivered these returns with 0.16% less volatility than the index, contributing to a Sharpe ratio which has fallen below 1 five times over the past five years and which currently sits at 0.75 since inception. The fund has provided positive monthly returns 64% of the time in rising markets and 62% of the time during periods of market decline, contributing to an up-capture ratio since inception of 5% and a down-capture ratio of -128%. |
| More Information |
Performance Report: Bennelong Twenty20 Australian Equities Fund
21 Apr 2022 - FundMonitors.com
The Bennelong Twenty20 Australian Equities Fund rose by +4.66% in March. The fund has a track record of 12 years and 5 months and has outperformed the ASX 200 Total Return Index since inception in November 2009, providing investors with an...
Read more...
21 Apr 2022 - Performance Report: Bennelong Twenty20 Australian Equities Fund
By: FundMonitors.com
| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months (pa) | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | |
| Manager Comments | The Bennelong Twenty20 Australian Equities Fund has a track record of 12 years and 5 months and has outperformed the ASX 200 Total Return Index since inception in November 2009, providing investors with an annualised return of 10.97% compared with the index's return of 8.44% over the same period. On a calendar year basis, the fund has experienced a negative annual return on 2 occasions in the 12 years and 5 months since its inception. Over the past 12 months, the fund's largest drawdown was -10.54% vs the index's -6.35%, and since inception in November 2009 the fund's largest drawdown was -26.09% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in February 2020 and lasted 9 months, reaching its lowest point during March 2020. The fund had completely recovered its losses by November 2020. The Manager has delivered these returns with 0.47% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 four times over the past five years and which currently sits at 0.68 since inception. The fund has provided positive monthly returns 95% of the time in rising markets and 7% of the time during periods of market decline, contributing to an up-capture ratio since inception of 117% and a down-capture ratio of 97%. |
| More Information |
Performance Report: Airlie Australian Share Fund
21 Apr 2022 - FundMonitors.com
The Airlie Australian Share Fund rose by +5.02% in March. The fund has outperformed the ASX 200 Total Return Index since inception in June 2018, providing investors with an annualised return of 12.87% compared with the index's return of...
Read more...
21 Apr 2022 - Performance Report: Airlie Australian Share Fund
By: FundMonitors.com
| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months (pa) | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | The Fund is long-only with a bottom-up focus. It has a concentrated portfolio of 15-35 stocks (target 25). The fund has a maximum cash holding of 10% with an aim to be fully invested. Airlie employs a prudent investment approach that identifies companies based on their financial strength, attractive durable business characteristics and the quality of their management teams. Airlie invests in these companies when their view of their fair value exceeds the prevailing market price. It is jointly managed by Matt Williams and Emma Fisher. Matt has over 25 years' investment experience and formerly held the role of Head of Equities and Portfolio Manager at Perpetual Investments. Emma has over 8 years' investment experience and has previously worked as an investment analyst within the Australian equities team at Fidelity International and, prior to that, at Nomura Securities. |
| Manager Comments | The Airlie Australian Share Fund has a track record of 3 years and 10 months and therefore comparison over all market conditions and against its peers is limited. However, the fund has outperformed the ASX 200 Total Return Index since inception in June 2018, providing investors with an annualised return of 12.87% compared with the index's return of 10.04% over the same period. On a calendar year basis, the fund hasn't experienced any negative annual returns in the 3 years and 10 months since its inception. Over the past 12 months, the fund's largest drawdown was -6.79% vs the index's -6.35%, and since inception in June 2018 the fund's largest drawdown was -23.8% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in February 2020 and lasted 9 months, reaching its lowest point during March 2020. The fund had completely recovered its losses by November 2020. The Manager has delivered these returns with 0.52% less volatility than the index, contributing to a Sharpe ratio which has only fallen below 1 once over the past three years and which currently sits at 0.81 since inception. The fund has provided positive monthly returns 97% of the time in rising markets and 14% of the time during periods of market decline, contributing to an up-capture ratio since inception of 106% and a down-capture ratio of 92%. |
| More Information |
Performance Report: Insync Global Capital Aware Fund
20 Apr 2022 - FundMonitors.com
The Insync Global Capital Aware Fund returned -2.76% in March. The fund has a track record of 12 years and 6 months and has underperformed the Global Equity Index since inception in October 2009, providing investors with an annualised...
Read more...
20 Apr 2022 - Performance Report: Insync Global Capital Aware Fund
By: FundMonitors.com
| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months (pa) | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | Insync invests in a concentrated portfolio of high quality companies that possess long 'runways' of future growth benefitting from Megatrends. Megatrends are multiyear structural and disruptive changes that transform the way we live our daily lives and result from a convergence of different underlying trends including innovation, politics, demographics, social attitudes and lifestyles. They provide important tailwinds to individual stocks and sectors, that reside within them. Insync believe this delivers exponential earnings growth ahead of market expectations. The fund uses Put Options to help buffer the depth and duration that sharp, severe negative market impacts would otherwide have on the value of the fund during these events. Insync screens the universe of 40,000 listed global companies to just 150 that it views as superior. This includes profitability, balance sheet performance, shareholder focus and valuations. 20-40 companies are then chosen for the portfolio. These reflect the best outcomes from further analysis using a proprietary DCF valuation, implied growth modelling, and free cash flow yield; alongside management, competitor, and industry scrutiny. The Fund may hold some cash (maximum of 5%), derivatives, currency contracts for hedging purposes, and American and/or Global Depository Receipts. It is however, for all intents and purposes, a 'long-only' fund, remaining fully invested irrespective of market cycles. |
| Manager Comments | The Insync Global Capital Aware Fund has a track record of 12 years and 6 months and has underperformed the Global Equity Index since inception in October 2009, providing investors with an annualised return of 10.87% compared with the index's return of 11.2% over the same period. On a calendar year basis, the fund has experienced a negative annual return on 2 occasions in the 12 years and 6 months since its inception. Over the past 12 months, the fund's largest drawdown was -17.93% vs the index's -8.41%, and since inception in October 2009 the fund's largest drawdown was -17.93% vs the index's maximum drawdown over the same period of -13.59%. The fund's maximum drawdown began in January 2022 and has lasted 2 months, reaching its lowest point during March 2022. During this period, the index's maximum drawdown was -8.41%. The Manager has delivered these returns with 0.74% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 five times over the past five years and which currently sits at 0.8 since inception. The fund has provided positive monthly returns 81% of the time in rising markets and 23% of the time during periods of market decline, contributing to an up-capture ratio since inception of 59% and a down-capture ratio of 77%. |
| More Information |
Performance Report: Bennelong Australian Equities Fund
20 Apr 2022 - FundMonitors.com
The Bennelong Australian Equities Fund rose by +2.44% in March. The fund has a track record of 13 years and 2 months and has outperformed the ASX 200 Total Return Index since inception in February 2009, providing investors with an...
Read more...
20 Apr 2022 - Performance Report: Bennelong Australian Equities Fund
By: FundMonitors.com
| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months (pa) | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | |
| Manager Comments | The Bennelong Australian Equities Fund has a track record of 13 years and 2 months and has outperformed the ASX 200 Total Return Index since inception in February 2009, providing investors with an annualised return of 13.97% compared with the index's return of 10.51% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 13 years and 2 months since its inception. Over the past 12 months, the fund's largest drawdown was -15.95% vs the index's -6.35%, and since inception in February 2009 the fund's largest drawdown was -24.32% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in February 2020 and lasted 6 months, reaching its lowest point during March 2020. The fund had completely recovered its losses by August 2020. The Manager has delivered these returns with 1.23% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 four times over the past five years and which currently sits at 0.82 since inception. The fund has provided positive monthly returns 91% of the time in rising markets and 18% of the time during periods of market decline, contributing to an up-capture ratio since inception of 129% and a down-capture ratio of 97%. |
| More Information |
Performance Report: Collins St Value Fund
19 Apr 2022 - FundMonitors.com
The Collins St Value Fund rose by +3.39% in March. The fund has a track record of 6 years and 2 months and has outperformed the ASX 200 Total Return Index since inception in February 2016, providing investors with an annualised return of...
Read more...
19 Apr 2022 - Performance Report: Collins St Value Fund
By: FundMonitors.com
| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months (pa) | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | The managers of the fund intend to maintain a concentrated portfolio of investments in ASX listed companies that they have investigated and consider to be undervalued. They will assess the attractiveness of potential investments using a number of common industry based measures, a proprietary in-house model and by speaking with management, industry experts and competitors. Once the managers form a view that an investment offers sufficient upside potential relative to the downside risk, the fund will seek to make an investment. If no appropriate investment can be identified the managers are prepared to hold cash and wait for the right opportunities to present themselves. |
| Manager Comments | The Collins St Value Fund has a track record of 6 years and 2 months and has outperformed the ASX 200 Total Return Index since inception in February 2016, providing investors with an annualised return of 19.04% compared with the index's return of 11.22% over the same period. On a calendar year basis, the fund hasn't experienced any negative annual returns in the 6 years and 2 months since its inception. Over the past 12 months, the fund's largest drawdown was -5.4% vs the index's -6.35%, and since inception in February 2016 the fund's largest drawdown was -27.46% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in February 2020 and lasted 7 months, reaching its lowest point during March 2020. The fund had completely recovered its losses by September 2020. The Manager has delivered these returns with 3.59% more volatility than the index, contributing to a Sharpe ratio which has only fallen below 1 once over the past five years and which currently sits at 1.04 since inception. The fund has provided positive monthly returns 84% of the time in rising markets and 67% of the time during periods of market decline, contributing to an up-capture ratio since inception of 79% and a down-capture ratio of 28%. |
| More Information |
Performance Report: Quay Global Real Estate Fund (Unhedged)
19 Apr 2022 - FundMonitors.com
The Quay Global Real Estate Fund (Unhedged) rose by +0.69% in March, an outperformance of +1.47% compared with the BBAREIT Index which fell by -0.78%. The fund has outperformed the index since inception in January 2016, providing investors...
Read more...
19 Apr 2022 - Performance Report: Quay Global Real Estate Fund (Unhedged)
By: FundMonitors.com
| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months (pa) | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | The Fund will invest in a number of global listed real estate companies, groups or funds. The investment strategy is to make investments in real estate securities at a price that will deliver a real, after inflation, total return of 5% per annum (before costs and fees), inclusive of distributions over a longer-term period. The Investment Strategy is indifferent to the constraints of any index benchmarks and is relatively concentrated in its number of investments. The Fund is expected to own between 20 and 40 securities, and from time to time up to 20% of the portfolio maybe invested in cash. The Fund is $A un-hedged. |
| Manager Comments | The Quay Global Real Estate Fund (Unhedged) has a track record of 6 years and 3 months and has outperformed the BBAREIT Index since inception in January 2016, providing investors with an annualised return of 8.92% compared with the index's return of 6.6% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 6 years and 3 months since its inception. Over the past 12 months, the fund's largest drawdown was -8.2% vs the index's -11.14%, and since inception in January 2016 the fund's largest drawdown was -19.68% vs the index's maximum drawdown over the same period of -23.56%. The fund's maximum drawdown began in February 2020 and lasted 1 year and 4 months, reaching its lowest point during September 2020. The fund had completely recovered its losses by June 2021. The Manager has delivered these returns with 0.45% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 three times over the past five years and which currently sits at 0.69 since inception. The fund has provided positive monthly returns 74% of the time in rising markets and 36% of the time during periods of market decline, contributing to an up-capture ratio since inception of 70% and a down-capture ratio of 60%. |
| More Information |
Performance Report: 4D Global Infrastructure Fund
19 Apr 2022 - FundMonitors.com
The 4D Global Infrastructure Fund rose by +1.93% in March. The fund has a track record of 6 years and 1 month and has outperformed the S&P Global Infrastructure TR (AUD) Index since inception in March 2016, providing investors with an...
Read more...
19 Apr 2022 - Performance Report: 4D Global Infrastructure Fund
By: FundMonitors.com
| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months (pa) | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | The fund is managed as a single portfolio including regulated utilities in gas, electricity and water, transport infrastructure such as airports, ports, road and rail, as well as communication assets such as the towers and satellite sectors. The portfolio is intended to have exposure to both developed and emerging market opportunities, with country risk assessed internally before any investment is considered. The maximum absolute position of an individual stock is 7% of the fund. |
| Manager Comments | The 4D Global Infrastructure Fund has a track record of 6 years and 1 month and has outperformed the S&P Global Infrastructure TR (AUD) Index since inception in March 2016, providing investors with an annualised return of 9.54% compared with the index's return of 8.87% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 6 years and 1 month since its inception. Over the past 12 months, the fund's largest drawdown was -3.9% vs the index's -0.57%, and since inception in March 2016 the fund's largest drawdown was -19.77% vs the index's maximum drawdown over the same period of -24.67%. The fund's maximum drawdown began in February 2020 and has lasted 2 years and 1 month, reaching its lowest point during September 2020. The Manager has delivered these returns with 0.52% less volatility than the index, contributing to a Sharpe ratio which has fallen below 1 three times over the past five years and which currently sits at 0.75 since inception. The fund has provided positive monthly returns 95% of the time in rising markets and 14% of the time during periods of market decline, contributing to an up-capture ratio since inception of 100% and a down-capture ratio of 96%. |
| More Information |
