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Performance Report: Premium Asia Fund
7 Feb 2022 - FundMonitors.com
The Premium Asia Fund has a track record of 12 years and 2 months and has outperformed the MSCI All Country Asia Pacific ex-Japan Index since inception in December 2009, providing investors with an annualised return of 11.67% compared with...
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7 Feb 2022 - Performance Report: Premium Asia Fund
By: FundMonitors.com
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| Fund Overview | The Fund is managed by Value Partners using a disciplined value-oriented approach supported by intensive, on-the-ground bottom-up fundamental research resulting in a portfolio of individual holdings, which are, in the view of Value Partners, undervalued and of high quality, on either an absolute or relative basis, and which have the potential for capital appreciation. The Fund will primarily have exposure to the equity securities of entities listed on securities exchanges across the Asia (ex-Japan) region, however, the Fund may also gain exposure to entities listed on securities outside the Asia (ex-Japan) region which have significant assets, investments, production activities, trading or other business interests in the Asia (ex-Japan) region as well as unlisted instruments with equity-like characteristics, such as participatory notes and convertible bonds. The Fund may also invest in cash and money market instruments, depositary receipts, listed unit trusts, shares in mutual fund corporations and other collective investment schemes (including real estate investment trusts), derivatives including both exchange-traded and OTC, convertible securities, participatory notes, bonds, and foreign exchange contracts. |
| Manager Comments | The Premium Asia Fund has a track record of 12 years and 2 months and has outperformed the MSCI All Country Asia Pacific ex-Japan Index since inception in December 2009, providing investors with an annualised return of 11.67% compared with the index's return of 5.62% 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 2 months since the start of its track record. Over the past 12 months, the fund's largest drawdown was -9.68% vs the index's -8.46%, and since inception in December 2009 the fund's largest drawdown was -21.41% vs the index's maximum drawdown over the same period of -19.56%. The fund's maximum drawdown began in June 2015 and lasted 1 year and 11 months, reaching its lowest point during February 2016. The fund had completely recovered its losses by May 2017. The Manager has delivered these returns with 2.29% 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 0.76 since inception. The fund has provided positive monthly returns 89% 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 161% and a down-capture ratio of 91%. |
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Performance Report: AIM Global High Conviction Fund
4 Feb 2022 - FundMonitors.com
Over the past 12 months, the AIM Global High Conviction Fund has risen by +27.43% compared with the Global Equity Index which has returned +22.88%, for a difference of +4.55%. The fund has outperformed the index since inception in July...
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4 Feb 2022 - Performance Report: AIM Global High Conviction Fund
By: FundMonitors.com
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| Fund Overview | AIM are 'business-first' rather than 'security-first' investors, and see themselves as part owners of the businesses they invest in. AIM look for the following characteristics in the businesses they want to own: - Strong competitive advantages that enable consistently high returns on capital throughout an economic cycle, combined with the ability to reinvest surplus capital at high marginal returns. - A proven ability to generate and grow cash flows, rather than accounting based earnings. - A strong balance sheet and sensible capital structure to reduce the risk of failure when the economic cycle ends or an unexpected crisis occurs. - Honest and shareholder-aligned management teams that understand the principles behind value creation and have a proven track record of capital allocation. They look to buy businesses that meet these criteria at attractive valuations, and then intend to hold them for long periods of time. AIM intend to own between 15 and 25 businesses at any given point. They do not seek to generate returns by constantly having to trade in and out of businesses. Instead, they believe the Fund's long-term return will approximate the underlying economics of the businesses they own. They are bottom-up, fundamental investors. They are cognizant of macro-economic conditions and geo-political risks, however, they do not construct the Fund to take advantage of such events. AIM intend for the portfolio to be between 90% and 100% invested in equities. AIM do not engage in shorting, nor do they use leverage to enhance returns. The Fund's investable universe is global, and AIM look for businesses that have a market capitalisation of at least $7.5bn to guarantee sufficient liquidity to investors. |
| Manager Comments | The AIM Global High Conviction Fund has a track record of 2 years and 7 months and therefore comparison over all market conditions and against its peers is limited. However, the fund has outperformed the Global Equity Index since inception in July 2019, providing investors with an annualised return of 16.87% compared with the index's return of 14.68% over the same period. Over the past 12 months, the fund's largest drawdown was -5.5% vs the index's -3.04%, and since inception in July 2019 the fund's largest drawdown was -7.59% vs the index's maximum drawdown over the same period of -13.19%. The fund's maximum drawdown began in February 2020 and lasted 6 months, reaching its lowest point during March 2020. The Manager has delivered these returns with 0.87% more volatility than the index, contributing to a Sharpe ratio for performance over the past 12 months of 2.15 and for performance since inception of 1.42. The fund has provided positive monthly returns 90% of the time in rising markets and 0% of the time during periods of market decline, contributing to an up-capture ratio since inception of 112% and a down-capture ratio of 101%. |
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Performance Report: Laureola Australia Feeder Fund
31 Jan 2022 - FundMonitors.com
The Laureola Master Fund rose +0.16% in December against the Bloomberg AusBond Composite 0+ Yr Index's +0.09%. Over the past 12 months, the fund has returned +7.81% vs the index's +2.86%. The fund has consistently outperformed the index...
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31 Jan 2022 - Performance Report: Laureola Australia Feeder Fund
By: FundMonitors.com
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| Fund Overview | Life Settlements are resold life insurance policies and can be thought of as a form of finance extended to an individual backed by the person's life insurance policy. This financing is repaid upon maturity by collecting the death benefit from the insurance company. Risk mitigation measures implemented by Laureola include science-driven due diligence of policies, active monitoring of insured through a vertically integrated operation, and investor aligned fund design. |
| Manager Comments | The Laureola Master Fund has a track record of 8 years and 9 months and has consistently outperformed the Bloomberg AusBond Composite 0+ Yr Index since inception in May 2013, providing investors with a return of 15.12%, compared with the index's return of 3.71% over the same time period. On a calendar basis the fund has never had a negative annual return in the 8 years and 9 months since its inception. Its largest drawdown was -4.9% lasting 10 months, occurring between December 2018 and October 2019. The Manager has delivered higher returns but with higher volatility than the index, resulting in a Sharpe ratio which has never fallen below 1 and currently sits at 2.42 since inception. The fund has provided positive monthly returns 97% of the time in rising markets, and 100% of the time when the market was negative, contributing to an up capture ratio since inception of 160% and a down capture ratio of -258%. |
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Fund Review: Insync Global Capital Aware Fund December 2021
31 Jan 2022 - FundMonitors.com
Latest Fund Review on Insync Global Capital Aware Fund is now available. The Global Capital Aware Fund invests in a concentrated portfolio of 15-30 stocks, targeting exceptional, large cap global companies with a strong focus on dividend...
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31 Jan 2022 - Fund Review: Insync Global Capital Aware Fund December 2021
By: FundMonitors.com
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INSYNC GLOBAL CAPITAL AWARE FUND
Attached is our most recently updated Fund Review on the Insync Global Capital Aware Fund.
We would like to highlight the following:
- The Global Capital Aware Fund invests in a concentrated portfolio of 15-30 stocks, targeting exceptional, large cap global companies with a strong focus on dividend growth and downside protection.
- Portfolio selection is driven by a core strategy of investing in companies with sustainable growth in dividends, high returns on capital, positive free cash flows and strong balance sheets.
- Emphasis on limiting downside risk is through extensive company research, the ability to hold cash and long protective index put options.
For further details on the Fund, please do not hesitate to contact us.
AFM Fund Review - December 2021 (pdf format)
Fund Review: Bennelong Twenty20 Australian Equities Fund December 2021
31 Jan 2022 - FundMonitors.com
The latest Fund Review on Bennelong Twenty20 Australian Equities Fund is now available. The Fund invests in ASX listed stocks, combining an indexed position in the Top 20 stocks with an actively managed portfolio of ex-20 stocks.
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31 Jan 2022 - Fund Review: Bennelong Twenty20 Australian Equities Fund December 2021
By: FundMonitors.com
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BENNELONG TWENTY20 AUSTRALIAN EQUITIES FUND
Attached is our most recently updated Fund Review on the Bennelong Twenty20 Australian Equities Fund.
- The Bennelong Twenty20 Australian Equities Fund invests in ASX listed stocks, combining an indexed position in the Top 20 stocks with an actively managed portfolio of stocks outside the Top 20. Construction of the ex-top 20 portfolio is fundamental, bottom-up, core investment style, biased to quality stocks, with a structured risk management approach.
- Mark East, the Fund's Chief Investment Officer, and Keith Kwang, Director of Quantitative Research have over 50 years combined market experience. Bennelong Funds Management (BFM) provides the investment manager, Bennelong Australian Equity Partners (BAEP) with infrastructure, operational, compliance and distribution services.
For further details on the Fund, please do not hesitate to contact us.
AFM Fund Review - December 2021 (pdf format)
Performance Report: Frazis Fund
28 Jan 2022 - FundMonitors.com
Since inception in July 2018, the Frazis Fund has outperformed the Global Equity Index, providing investors with an annualised return of 22.12%, compared with the index's return of 14.8% over the same time period. The fund has an...
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28 Jan 2022 - Performance Report: Frazis Fund
By: FundMonitors.com
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| Fund Overview | The manager follows a disciplined, process-driven, and thematic strategy focused on five core investment strategies: 1) Growth stocks that are really value stocks; 2) Traditional deep value; 3) The life sciences; 4) Miners and drillers expanding production into supply deficits; 5) Global special situations; The manager uses a macro overlay to manage exposure, hedging in three ways: 1) Direct shorts 2) Upside exposure to the VIX index 3) Index optionality |
| Manager Comments | On a calendar basis the fund has had 1 negative annual return in the 3 years and 6 months since its inception. Its largest drawdown was -32.28% lasting 4 months, occurring between February 2020 and June 2020 when the index fell by a maximum of -13.19%. The Manager has delivered higher returns but with higher volatility than the index, resulting in a Sharpe ratio which has fallen below 1 twice and currently sits at 0.72 since inception. The fund has provided positive monthly returns 75% of the time in rising markets, and 36% of the time when the market was negative, contributing to an up capture ratio since inception of 146% and a down capture ratio of 104%. |
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Performance Report: ASCF High Yield Fund
28 Jan 2022 - FundMonitors.com
The ASCF High Yield Fund rose +0.57% in December, taking 12-month performance to +7.46% vs the Bloomberg AusBond Composite 0+ Yr Index which fell -2.88%. Since inception in March 2017, the fund has outperformed the index, providing...
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28 Jan 2022 - Performance Report: ASCF High Yield Fund
By: FundMonitors.com
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| Report Date | |
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| Fund Overview | Does not require full valuations on loans <65% LVR. Borrowing rates are from 12% per annum on 1st mortgage loans and 16% per annum on 2nd mortgage/caveat loans. Pays investors between 5.55% - 6.25% per annum depending on their investment term. |
| Manager Comments | The ASCF High Yield Fund has a track record of 4 years and 10 months and therefore comparison over all market conditions and against the fund's peers is limited. However, since inception in March 2017, the fund has outperformed the Bloomberg AusBond Composite 0+ Yr Index, providing investors with an annualised return of 8.8%, compared with the index's return of 3.31% over the same time period. The fund has not had a negative annual return or drawdown in the 4 years and 10 months since its inception. The Manager has delivered these returns with -3.35% less volatility than the index, contributing to a Sharpe ratio which has never fallen below 1 and currently sits at 24.15 since inception. The fund has provided positive monthly returns 100% of the time in rising markets, and 100% of the time when the market was negative, contributing to an up capture ratio since inception of 87% and a down capture ratio of -96%. |
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Performance Report: L1 Capital Long Short Fund
28 Jan 2022 - FundMonitors.com
The L1 Capital Long Short Fund rose +3.59% in December, outperforming the ASX200 Total Return Index by +0.84% and taking 12-month performance to +30.64% vs the index's +17.23%. The fund has consistently outperformed the index since...
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28 Jan 2022 - Performance Report: L1 Capital Long Short Fund
By: FundMonitors.com
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| Report Date | |
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| Fund Overview | L1 Capital uses a combination of discretionary and quantitative methods to identify securities with the potential to provide attractive risk-adjusted returns. The discretionary element of the investment process entails regular meetings with company management and other stakeholders as well as frequent reading and analysis of annual reports and other relevant publications and communications. The quantitative element of the investment process makes use of bottom-up research to maintain financial models such as the Discounted Cashflow model (DCF) which is used as a means of assessing the intrinsic value of a given security. Stocks with the best combination of qualitative factors and valuation upside are used as the basis for portfolio construction. The process is iterative and as business trends, industry structure, management quality or valuation changes, stock weights are adjusted accordingly. |
| Manager Comments | The L1 Capital Long Short Fund has a track record of 7 years and 4 months and has consistently outperformed the ASX 200 Total Return Index since inception in September 2014, providing investors with a return of 22.62%, compared with the index's return of 8.2% over the same time period. On a calendar basis the fund has had 1 negative annual return in the 7 years and 4 months since its inception. Its largest drawdown was -39.11% lasting 2 years and 9 months, occurring between February 2018 and November 2020 when the index fell by a maximum of -26.75%. The Manager has delivered higher returns but with higher volatility than the index, resulting in a Sharpe ratio which has fallen below 1 four times and currently sits at 1.03 since inception. The fund has provided positive monthly returns 79% of the time in rising markets, and 63% of the time when the market was negative, contributing to an up capture ratio since inception of 94% and a down capture ratio of 7%. |
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Fund Review: Bennelong Kardinia Absolute Return Fund December 2021
28 Jan 2022 - FundMonitors.com
The latest Fund Review for the Bennelong Kardinia Absolute Return Fund is now available. The Fund, which has been in operation for more than 10 years, has a long-biased, research driven, active equity long/short strategy and invests in...
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28 Jan 2022 - Fund Review: Bennelong Kardinia Absolute Return Fund December 2021
By: FundMonitors.com
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BENNELONG KARDINIA ABSOLUTE RETURN FUND
Attached is our most recently updated Fund Review. You are also able to view the Fund's Profile.
- The Fund is long biased, research driven, active equity long/short strategy investing in listed ASX companies.
- The Fund has significantly outperformed the ASX200 Accumulation Index since its inception in May 2006 and also has significantly lower risk KPIs. The Fund has an annualised return of 8.63% p.a. with a volatility of 7.57%, compared to the ASX200 Accumulation's return of 6.68% p.a. with a volatility of 14.09%.
- The Fund also has a strong focus on capital protection in negative markets. Portfolio Managers Kristiaan Rehder and Stuart Larke have significant market experience, while Bennelong Funds Management provide infrastructure, operational, compliance and distribution capabilities.
For further details on the Fund, please do not hesitate to contact us.
AFM Fund Review - December 2021 (pdf format)
Fund Review: Bennelong Long Short Equity Fund December 2021
27 Jan 2022 - FundMonitors.com
Latest Fund Review for the Bennelong Long Short Equity Fund is now available. The Fund is a research driven, market and sector neutral, "pairs" trading strategy investing primarily in large-caps from the ASX/S&P100 Index...
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27 Jan 2022 - Fund Review: Bennelong Long Short Equity Fund December 2021
By: FundMonitors.com
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BENNELONG LONG SHORT EQUITY FUND
Attached is our most recently updated Fund Review on the Bennelong Long Short Equity Fund.
- The Fund is a research driven, market and sector neutral, "pairs" trading strategy investing primarily in large-caps from the ASX/S&P100 Index, with over 19-years' track record and an annualised return of 14.22%.
- The consistent returns across the investment history highlight the Fund's ability to provide positive returns in volatile and negative markets and significantly outperform the broader market. The Fund's Sharpe Ratio and Sortino Ratio are 0.84 and 1.33 respectively.
For further details on the Fund, please do not hesitate to contact us.
AFM Fund Review - December 2021 (pdf format)
