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Performance Report: Delft Partners Global High Conviction Strategy
19 May 2022 - FundMonitors.com
The Delft Partners Global High Conviction Strategy returned -1.1% in April, an outperformance of +1.4% compared with the Global Equity Index which fell by -2.5%. The strategy has a track record of 10 years and 9 months and has outperformed...
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19 May 2022 - Performance Report: Delft Partners Global High Conviction Strategy
By: FundMonitors.com
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| 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 9 months and has outperformed the Global Equity Index since inception in August 2011, providing investors with an annualised return of 14.65% compared with the index's return of 13.23% 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 9 months since its inception. Over the past 12 months, the strategy's largest drawdown was -6.74% vs the index's -10.7%, 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 1.32% 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 1.08 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%. |
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Performance Report: Bennelong Emerging Companies Fund
19 May 2022 - FundMonitors.com
The Bennelong Emerging Companies Fund returned -3.73% in April. The fund has outperformed the ASX 200 Total Return Index since inception in November 2017, providing investors with an annualised return of 23.5% compared with the index's...
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19 May 2022 - Performance Report: Bennelong Emerging Companies Fund
By: FundMonitors.com
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| Manager Comments | The Bennelong Emerging Companies Fund has a track record of 4 years and 6 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 November 2017, providing investors with an annualised return of 23.5% compared with the index's return of 9.35% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 4 years and 6 months since its inception. Over the past 12 months, the fund's largest drawdown was -11.38% vs the index's -6.35%, and since inception in November 2017 the fund's largest drawdown was -41.74% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in December 2019 and lasted 10 months, reaching its lowest point during March 2020. The fund had completely recovered its losses by October 2020. The Manager has delivered these returns with 14.55% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 three times over the past four years and which currently sits at 0.85 since inception. The fund has provided positive monthly returns 81% of the time in rising markets and 35% of the time during periods of market decline, contributing to an up-capture ratio since inception of 270% and a down-capture ratio of 120%. |
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Performance Report: Insync Global Quality Equity Fund
18 May 2022 - FundMonitors.com
The Insync Global Quality Equity Fund returned -5.9% in April. The fund has a track record of 12 years and 7 months and has outperformed the Global Equity Index since inception in October 2009, providing investors with an annualised return...
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18 May 2022 - Performance Report: Insync Global Quality Equity Fund
By: FundMonitors.com
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| 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. 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 Quality Equity Fund has a track record of 12 years and 7 months and has outperformed the Global Equity Index since inception in October 2009, providing investors with an annualised return of 12.23% compared with the index's return of 10.9% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 12 years and 7 months since its inception. Over the past 12 months, the fund's largest drawdown was -22.17% vs the index's -10.7%, and since inception in October 2009 the fund's largest drawdown was -22.17% 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 3 months, reaching its lowest point during April 2022. During this period, the index's maximum drawdown was -10.7%. The Manager has delivered these returns with 1.48% 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 0.86 since inception. The fund has provided positive monthly returns 82% of the time in rising markets and 21% of the time during periods of market decline, contributing to an up-capture ratio since inception of 83% and a down-capture ratio of 85%. |
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Performance Report: Bennelong Concentrated Australian Equities Fund
18 May 2022 - FundMonitors.com
The Bennelong Concentrated Australian Equities Fund returned -5.91% in April. The fund has a track record of 13 years and 3 months and has outperformed the ASX 200 Total Return Index since inception in February 2009, providing investors...
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18 May 2022 - Performance Report: Bennelong Concentrated Australian Equities Fund
By: FundMonitors.com
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| Manager Comments | The Bennelong Concentrated Australian Equities Fund has a track record of 13 years and 3 months and has outperformed the ASX 200 Total Return Index since inception in February 2009, providing investors with an annualised return of 15.07% compared with the index's return of 10.37% over the same period. On a calendar year basis, the fund has experienced a negative annual return on 2 occasions in the 13 years and 3 months since its inception. Over the past 12 months, the fund's largest drawdown was -20.9% vs the index's -6.35%, and since inception in February 2009 the fund's largest drawdown was -24.11% 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 1.81% 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 0.86 since inception. The fund has provided positive monthly returns 90% of the time in rising markets and 19% of the time during periods of market decline, contributing to an up-capture ratio since inception of 137% and a down-capture ratio of 94%. |
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Performance Report: Glenmore Australian Equities Fund
17 May 2022 - FundMonitors.com
The Glenmore Australian Equities Fund rose by +3.07% in April, an outperformance of +3.92% compared with the ASX 200 Total Return Index which fell by -0.85%. The fund has outperformed the index since inception in June 2017, providing...
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17 May 2022 - Performance Report: Glenmore Australian Equities Fund
By: FundMonitors.com
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| Fund Overview | The main driver of identifying potential investments will be bottom up company analysis, however macro-economic conditions will be considered as part of the investment thesis for each stock. |
| Manager Comments | The Glenmore Australian Equities Fund has a track record of 4 years and 11 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 2017, providing investors with an annualised return of 25.4% compared with the index's return of 9.58% over the same period. On a calendar year basis, the fund hasn't experienced any negative annual returns in the 4 years and 11 months since its inception. Over the past 12 months, the fund's largest drawdown was -8.65% vs the index's -6.35%, and since inception in June 2017 the fund's largest drawdown was -36.91% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in October 2019 and lasted 1 year and 1 month, reaching its lowest point during March 2020. The fund had completely recovered its losses by November 2020. The Manager has delivered these returns with 7.18% more volatility than the index, contributing to a Sharpe ratio which has only fallen below 1 once over the past four years and which currently sits at 1.13 since inception. The fund has provided positive monthly returns 90% of the time in rising markets and 42% of the time during periods of market decline, contributing to an up-capture ratio since inception of 232% and a down-capture ratio of 96%. |
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Performance Report: Insync Global Capital Aware Fund
17 May 2022 - FundMonitors.com
The Insync Global Capital Aware Fund returned -5.2% in April. The fund has a track record of 12 years and 7 months and has underperformed the Global Equity Index since inception in October 2009, providing investors with an annualised...
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17 May 2022 - Performance Report: Insync Global Capital Aware Fund
By: FundMonitors.com
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| 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 7 months and has underperformed the Global Equity Index since inception in October 2009, providing investors with an annualised return of 10.33% compared with the index's return of 10.9% 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 7 months since its inception. Over the past 12 months, the fund's largest drawdown was -22.2% vs the index's -10.7%, and since inception in October 2009 the fund's largest drawdown was -22.2% 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 3 months, reaching its lowest point during April 2022. During this period, the index's maximum drawdown was -10.7%. The Manager has delivered these returns with 0.83% 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 0.75 since inception. The fund has provided positive monthly returns 81% of the time in rising markets and 22% of the time during periods of market decline, contributing to an up-capture ratio since inception of 59% and a down-capture ratio of 80%. |
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Performance Report: Bennelong Australian Equities Fund
17 May 2022 - FundMonitors.com
The Bennelong Australian Equities Fund returned -4.65% in April. The fund has a track record of 13 years and 3 months and has outperformed the ASX 200 Total Return Index since inception in February 2009, providing investors with an...
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17 May 2022 - Performance Report: Bennelong Australian Equities Fund
By: FundMonitors.com
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| Manager Comments | The Bennelong Australian Equities Fund has a track record of 13 years and 3 months and has outperformed the ASX 200 Total Return Index since inception in February 2009, providing investors with an annualised return of 13.46% compared with the index's return of 10.37% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 13 years and 3 months since its inception. Over the past 12 months, the fund's largest drawdown was -17.91% 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 1.32% 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 0.79 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%. |
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Performance Report: Cyan C3G Fund
16 May 2022 - FundMonitors.com
The Cyan C3G Fund returned -3.7% in April. The fund has a track record of 7 years and 9 months and has outperformed the ASX Small Ordinaries Total Return Index since inception in August 2014, providing investors with an annualised return...
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16 May 2022 - Performance Report: Cyan C3G Fund
By: FundMonitors.com
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| Fund Overview | Cyan C3G Fund is based on the investment philosophy which can be defined as a comprehensive, clear and considered process focused on delivering growth. These are identified through stringent filter criteria and a rigorous research process. The Manager uses a proprietary stock filter in order to eliminate a large proportion of investments due to both internal characteristics (such as gearing levels or cash flow) and external characteristics (such as exposure to commodity prices or customer concentration). Typically, the Fund looks for businesses that are one or more of: a) under researched, b) fundamentally undervalued, c) have a catalyst for re-rating. The Manager seeks to achieve this investment outcome by actively managing a portfolio of Australian listed securities. When the opportunity to invest in suitable securities cannot be found, the manager may reduce the level of equities exposure and accumulate a defensive cash position. Whilst it is the company's intention, there is no guarantee that any distributions or returns will be declared, or that if declared, the amount of any returns will remain constant or increase over time. The Fund does not invest in derivatives and does not use debt to leverage the Fund's performance. However, companies in which the Fund invests may be leveraged. |
| Manager Comments | The Cyan C3G Fund has a track record of 7 years and 9 months and has outperformed the ASX Small Ordinaries Total Return Index since inception in August 2014, providing investors with an annualised return of 11.51% compared with the index's return of 8.31% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 7 years and 9 months since its inception. Over the past 12 months, the fund's largest drawdown was -21.46% vs the index's -9.15%, and since inception in August 2014 the fund's largest drawdown was -36.45% vs the index's maximum drawdown over the same period of -29.12%. The fund's maximum drawdown began in October 2019 and lasted 1 year and 4 months, reaching its lowest point during March 2020. The fund had completely recovered its losses by February 2021. The Manager has delivered these returns with 0.24% 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 0.67 since inception. The fund has provided positive monthly returns 86% of the time in rising markets and 38% of the time during periods of market decline, contributing to an up-capture ratio since inception of 64% and a down-capture ratio of 66%. |
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Performance Report: L1 Capital Long Short Fund (Monthly Class)
16 May 2022 - FundMonitors.com
The L1 Capital Long Short Fund (Monthly Class) rose by +3.29% in April, an outperformance of +4.14% compared with the ASX 200 Total Return Index which fell by -0.85%. The fund has outperformed the index since inception in September 2014,...
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16 May 2022 - Performance Report: L1 Capital Long Short Fund (Monthly Class)
By: FundMonitors.com
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| Manager Comments | The L1 Capital Long Short Fund (Monthly Class) has a track record of 7 years and 8 months and has outperformed the ASX 200 Total Return Index since inception in September 2014, providing investors with an annualised return of 23.8% compared with the index's return of 8.02% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 7 years and 8 months since its inception. Over the past 12 months, the fund's largest drawdown was -7.21% vs the index's -6.35%, and since inception in September 2014 the fund's largest drawdown was -39.11% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in February 2018 and lasted 2 years and 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 6.44% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 two times over the past five years and which currently sits at 1.09 since inception. The fund has provided positive monthly returns 79% of the time in rising markets and 65% of the time during periods of market decline, contributing to an up-capture ratio since inception of 93% and a down-capture ratio of -2%. |
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Performance Report: Bennelong Long Short Equity Fund
16 May 2022 - FundMonitors.com
The Bennelong Long Short Equity Fund returned -0.42% in April, an outperformance of +0.43% compared with the ASX 200 Total Return Index which fell by -0.85%. The fund has a track record of 20 years and 3 months and has outperformed the...
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16 May 2022 - Performance Report: Bennelong Long Short Equity Fund
By: FundMonitors.com
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| 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 3 months and has outperformed the ASX 200 Total Return Index since inception in February 2002, providing investors with an annualised return of 12.9% compared with the index's return of 8.35% 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 3 months since its inception. Over the past 12 months, the fund's largest drawdown was -21.67% vs the index's -6.35%, and since inception in February 2002 the fund's largest drawdown was -29.05% 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 7 months, reaching its lowest point during April 2022. During this period, the index's maximum drawdown was -15.05%. The Manager has delivered these returns with 0.15% 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 61% of the time during periods of market decline, contributing to an up-capture ratio since inception of 5% and a down-capture ratio of -127%. |
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