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Performance Report: Collins St Value Fund
25 Jul 2022 - FundMonitors.com
Over the past 12 months, the Collins St Value Fund has risen by +0.29% compared with the ASX 200 Total Return Index which has fallen -6.47%, for a difference of +6.76%. The fund has outperformed the index since inception in February 2016,...
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25 Jul 2022 - Performance Report: Collins St Value Fund
By: FundMonitors.com
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| 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 5 months and has outperformed the ASX 200 Total Return Index since inception in February 2016, providing investors with an annualised return of 16.09% compared with the index's return of 8.6% over the same period. On a calendar year basis, the fund hasn't experienced any negative annual returns in the 6 years and 5 months since its inception. Over the past 12 months, the fund's largest drawdown was -11.41% vs the index's -11.9%, 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 3.44% 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 0.88 since inception. The fund has provided positive monthly returns 84% of the time in rising markets and 63% of the time during periods of market decline, contributing to an up-capture ratio since inception of 79% and a down-capture ratio of 42%. |
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Performance Report: Airlie Australian Share Fund
25 Jul 2022 - FundMonitors.com
The Airlie Australian Share Fund has a track record of 4 years and 1 month 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...
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25 Jul 2022 - Performance Report: Airlie Australian Share Fund
By: FundMonitors.com
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| 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 4 years and 1 month 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 7.82% compared with the index's return of 6.05% over the same period. On a calendar year basis, the fund hasn't experienced any negative annual returns in the 4 years and 1 month since its inception. Over the past 12 months, the fund's largest drawdown was -16.29% vs the index's -11.9%, 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 0.17% less volatility than the index, contributing to a Sharpe ratio which has fallen below 1 four times over the past four years and which currently sits at 0.51 since inception. The fund has provided positive monthly returns 97% of the time in rising markets and 12% of the time during periods of market decline, contributing to an up-capture ratio since inception of 106% and a down-capture ratio of 97%. |
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Performance Report: Bennelong Emerging Companies Fund
22 Jul 2022 - FundMonitors.com
The Bennelong Emerging Companies Fund has a track record of 4 years and 8 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...
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22 Jul 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 8 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 15.97% compared with the index's return of 6.27% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 4 years and 8 months since its inception. Over the past 12 months, the fund's largest drawdown was -31.44% vs the index's -11.9%, 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 15.01% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 four times over the past four years and which currently sits at 0.62 since inception. The fund has provided positive monthly returns 81% of the time in rising markets and 32% of the time during periods of market decline, contributing to an up-capture ratio since inception of 270% and a down-capture ratio of 125%. |
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Performance Report: Bennelong Kardinia Absolute Return Fund
22 Jul 2022 - FundMonitors.com
The Bennelong Kardinia Absolute Return Fund returned -0.54% in June, an outperformance of +8.23% compared with the ASX 200 Total Return Index which fell by -8.77%. The fund has outperformed the index since inception in May 2006, providing...
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22 Jul 2022 - Performance Report: Bennelong Kardinia Absolute Return Fund
By: FundMonitors.com
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| Fund Overview | There is a slight bias to large cap stocks on the long side of the portfolio, although in a rising market the portfolio will tend to hold smaller caps, including resource stocks, more frequently. On the short side, the portfolio is particularly concentrated, with stock selection limited by both liquidity and the difficulty of borrowing stock in smaller cap companies. Short positions are only taken when there is a high conviction view on the specific stock. The Fund uses derivatives in a limited way, mainly selling short dated covered call options to generate additional income. These typically have less than 30 days to expiry, and are usually 5% to 10% out of the money. ASX SPI futures and index put options can be used to hedge the portfolio's overall net position. The Fund's discretionary investment strategy commences with a macro view of the economy and direction to establish the portfolio's desired market exposure. Following this detailed sector and company research is gathered from knowledge of the individual stocks in the Fund's universe, with widespread use of broker research. Company visits, presentations and discussions with management at CEO and CFO level are used wherever possible to assess management quality across a range of criteria. |
| Manager Comments | The Bennelong Kardinia Absolute Return Fund has a track record of 16 years and 2 months and has outperformed the ASX 200 Total Return Index since inception in May 2006, providing investors with an annualised return of 7.61% compared with the index's return of 5.78% over the same period. On a calendar year basis, the fund has experienced a negative annual return on 2 occasions in the 16 years and 2 months since its inception. Over the past 12 months, the fund's largest drawdown was -10.51% vs the index's -11.9%, and since inception in May 2006 the fund's largest drawdown was -11.71% vs the index's maximum drawdown over the same period of -47.19%. The fund's maximum drawdown began in June 2018 and lasted 2 years and 6 months, reaching its lowest point during December 2018. The fund had completely recovered its losses by December 2020. During this period, the index's maximum drawdown was -26.75%. The Manager has delivered these returns with 6.58% 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 0.63 since inception. The fund has provided positive monthly returns 87% of the time in rising markets and 32% of the time during periods of market decline, contributing to an up-capture ratio since inception of 16% and a down-capture ratio of 55%. |
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Performance Report: Glenmore Australian Equities Fund
21 Jul 2022 - FundMonitors.com
Over the past 12 months, the Glenmore Australian Equities Fund has risen by +7.35% compared with the ASX 200 Total Return Index which has fallen -6.47%, for a difference of +13.82%. The fund has outperformed the index since inception in...
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21 Jul 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 5 years and 1 month and has outperformed the ASX 200 Total Return Index since inception in June 2017, providing investors with an annualised return of 20.22% compared with the index's return of 6.75% over the same period. On a calendar year basis, the fund hasn't experienced any negative annual returns in the 5 years and 1 month since its inception. Over the past 12 months, the fund's largest drawdown was -16.18% vs the index's -11.9%, 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 7.48% 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 0.91 since inception. The fund has provided positive monthly returns 90% 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 232% and a down-capture ratio of 102%. |
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Performance Report: Bennelong Concentrated Australian Equities Fund
21 Jul 2022 - FundMonitors.com
The Bennelong Concentrated Australian Equities Fund returned -7.28% in June, an outperformance of +1.49% compared with the ASX 200 Total Return Index which fell by -8.77%. The fund has outperformed the index since inception in February...
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21 Jul 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 5 months and has outperformed the ASX 200 Total Return Index since inception in February 2009, providing investors with an annualised return of 13.61% compared with the index's return of 9.27% 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 5 months since its inception. Over the past 12 months, the fund's largest drawdown was -31.8% vs the index's -11.9%, and since inception in February 2009 the fund's largest drawdown was -31.8% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in December 2021 and has lasted 6 months, reaching its lowest point during June 2022. During this period, the index's maximum drawdown was -11.9%. The Manager has delivered these returns with 1.85% 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 0.77 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 96%. |
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Performance Report: 4D Global Infrastructure Fund
20 Jul 2022 - FundMonitors.com
The 4D Global Infrastructure Fund has a track record of 6 years and 4 months and has outperformed the S&P Global Infrastructure TR (AUD) Index since inception in March 2016, providing investors with an annualised return of 8.79% compared...
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20 Jul 2022 - Performance Report: 4D Global Infrastructure Fund
By: FundMonitors.com
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| 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 4 months and has outperformed the S&P Global Infrastructure TR (AUD) Index since inception in March 2016, providing investors with an annualised return of 8.79% compared with the index's return of 8.54% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 6 years and 4 months since its inception. Over the past 12 months, the fund's largest drawdown was -5.83% vs the index's -3.91%, 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 lasted 2 years and 2 months, reaching its lowest point during September 2020. The fund had completely recovered its losses by April 2022. The Manager has delivered these returns with 0.36% 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 0.69 since inception. The fund has provided positive monthly returns 96% 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 98%. |
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Performance Report: Quay Global Real Estate Fund (Unhedged)
19 Jul 2022 - FundMonitors.com
The Quay Global Real Estate Fund (Unhedged) has a track record of 6 years and 6 months and has outperformed the BBAREIT Index since inception in January 2016, providing investors with an annualised return of 6.77% compared with the index's...
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19 Jul 2022 - Performance Report: Quay Global Real Estate Fund (Unhedged)
By: FundMonitors.com
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| 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 6 months and has outperformed the BBAREIT Index since inception in January 2016, providing investors with an annualised return of 6.77% compared with the index's return of 6.17% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 6 years and 6 months since its inception. Over the past 12 months, the fund's largest drawdown was -17.02% vs the index's -12.08%, 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 0.83% 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 0.52 since inception. The fund has provided positive monthly returns 71% of the time in rising markets and 34% of the time during periods of market decline, contributing to an up-capture ratio since inception of 63% and a down-capture ratio of 66%. |
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Performance Report: Cyan C3G Fund
19 Jul 2022 - FundMonitors.com
The Cyan C3G Fund has a track record of 7 years and 11 months and has outperformed the ASX Small Ordinaries Total Return Index since inception in August 2014, providing investors with an annualised return of 10.52% compared with the...
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19 Jul 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 fit one or more of the following criteria: 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 performance. However, companies in which the Fund invests may be leveraged. |
| Manager Comments | On a calendar year basis, the fund has only experienced a negative annual return once in the 7 years and 11 months since its inception. Over the past 12 months, the fund's largest drawdown was -25.47% vs the index's -23.88%, 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 1.08% 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 0.58 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 65%. |
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Performance Report: Bennelong Australian Equities Fund
15 Jul 2022 - FundMonitors.com
The Bennelong Australian Equities Fund returned -7.71% in June, an outperformance of +1.06% compared with the ASX 200 Total Return Index which fell by -8.77%. The fund has outperformed the index since inception in February 2009, providing...
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15 Jul 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 5 months and has outperformed the ASX 200 Total Return Index since inception in February 2009, providing investors with an annualised return of 11.96% compared with the index's return of 9.27% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 13 years and 5 months since its inception. Over the past 12 months, the fund's largest drawdown was -29.92% vs the index's -11.9%, and since inception in February 2009 the fund's largest drawdown was -29.92% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in December 2021 and has lasted 6 months, reaching its lowest point during June 2022. During this period, the index's maximum drawdown was -11.9%. The Manager has delivered these returns with 1.39% 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 0.69 since inception. The fund has provided positive monthly returns 91% of the time in rising markets and 17% of the time during periods of market decline, contributing to an up-capture ratio since inception of 129% and a down-capture ratio of 99%. |
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