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Performance Report: Bennelong Twenty20 Australian Equities Fund
27 Jan 2022 - FundMonitors.com
The Bennelong Twenty20 Australian Equities Fund has risen +22.92% over the past 12 months, outperforming the ASX200 Total Return Index by +5.69%. The fund has consistently outperformed the index since inception in November 2009, providing...
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27 Jan 2022 - Performance Report: Bennelong Twenty20 Australian Equities Fund
By: FundMonitors.com
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| Manager Comments | The Bennelong Twenty20 Australian Equities Fund has a track record of 12 years and 3 months and has consistently outperformed the ASX 200 Total Return Index since inception in November 2009, providing investors with a return of 11.72%, compared with the index's return of 8.42% over the same time period. On a calendar basis the fund has had 2 negative annual returns in the 12 years and 3 months since its inception. Its largest drawdown was -26.09% lasting 9 months, occurring between February 2020 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 0.73 since inception. The fund has provided positive monthly returns 96% of the time in rising markets, and 8% of the time when the market was negative, contributing to an up capture ratio since inception of 125% and a down capture ratio of 96%. |
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Performance Report: Equitable Investors Dragonfly Fund
25 Jan 2022 - FundMonitors.com
The Equitable Investors Dragonfly Fund has risen +24.83% over the past 12 months, outperforming the ASX200 Total Return Index by +7.6%. Equitable Investors noted they are excited about the year ahead for their core, high conviction...
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25 Jan 2022 - Performance Report: Equitable Investors Dragonfly Fund
By: FundMonitors.com
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| Fund Overview | The Fund is an open ended, unlisted unit trust investing predominantly in ASX listed companies. Hybrid, debt & unlisted investments are also considered. The Fund is focused on investing in growing or strategic businesses and generating returns that, to the extent possible, are less dependent on the direction of the broader sharemarket. The Fund may at times change its cash weighting or utilise exchange traded products to manage market risk. Investments will primarily be made in micro-to-mid cap companies listed on the ASX. Larger listed businesses will also be considered for investment but are not expected to meet the manager's investment criteria as regularly as smaller peers. |
| Manager Comments | In December the fund returned -3.18%. NZ-listed tradie app developer Geo Limited (GEO:NZ) was sold down on light volume in during the month, causing >70% of the decline in NAV for the month before bouncing straight back in the first few weeks of January 2022. GEO has been a key contributor to performance of the Fund over CY2021. The investments that contributed the most to the 25% advance in NAV were a pair of businesses not listed on the ASX (NZ-listed GEO and unlisted digital diagnostics company Ellume) and a pair of takeover situations (IT consulting business Empired and traffic monitoring business Redflex). Equitable Investors noted they are excited about the year ahead for their core, high conviction investments. They continue to focus on the value catalysts and growth opportunities for the fund's individual investments. |
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Performance Report: Surrey Australian Equities Fund
25 Jan 2022 - FundMonitors.com
The Surrey Australian Equities Fund rose +4.32% in December, outperforming the ASX200 Total Return Index by 1.57% and taking 12-month performance to +14.71%. Since inception in June 2018, the fund has outperformed the index, providing...
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25 Jan 2022 - Performance Report: Surrey Australian Equities Fund
By: FundMonitors.com
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| Fund Overview | The Investment Manager follows a defined investment process which is underpinned by detailed bottom up fundamental analysis, overlayed with sectoral and macroeconomic research. This is combined with an extensive company visitation program where we endeavour to meet with company management and with other stakeholders such as suppliers, customers and industry bodies to improve our information set. Surrey Asset Management defines its investment process as Qualitative, Quantitative and Value Latencies (QQV). In essence, the Investment Manager thoroughly researches an investment's qualitative and quantitative characteristics in an attempt to find value latencies not yet reflected in the share price and then clearly defines a roadmap to realisation of those latencies. Developing this roadmap is a key step in the investment process. By articulating a clear pathway as to how and when an investment can realise what the Investment Manager sees as latent value, defines the investment proposition and lessens the impact of cognitive dissonance. This is undertaken with a philosophical underpinning of fact-based investing, transparency, authenticity and accountability. |
| Manager Comments | The Surrey Australian Equities Fund has a track record of 3 years and 7 months and therefore comparison over all market conditions and against the fund's peers is limited. However, since inception in June 2018, the fund has outperformed the ASX 200 Total Return Index, providing investors with an annualised return of 12.14%, compared with the index's return of 10.09% over the same time period. On a calendar basis the fund has had 1 negative annual return in the 3 years and 7 months since its inception. Its largest drawdown was -26.75% lasting 6 months, occurring between February 2020 and August 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 three times and currently sits at 0.63 since inception. The fund has provided positive monthly returns 83% of the time in rising markets, and 8% of the time when the market was negative, contributing to an up capture ratio since inception of 126% and a down capture ratio of 110%. |
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Performance Report: Bennelong Emerging Companies Fund
25 Jan 2022 - FundMonitors.com
The Bennelong Emerging Companies Fund has risen +26.93% over the past 12 months vs the ASX200 Total Return Index's +17.23%. Since inception in November 2017, the fund has outperformed the index, providing investors with an annualised...
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25 Jan 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 2 months and therefore comparison over all market conditions and against the fund's peers is limited. However, since inception in November 2017, the fund has outperformed the ASX 200 Total Return Index, providing investors with an annualised return of 28.44%, compared with the index's return of 9.77% over the same time period. On a calendar basis the fund has had 1 negative annual return in the 4 years and 2 months since its inception. Its largest drawdown was -41.74% lasting 10 months, occurring between December 2019 and October 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 three times and currently sits at 0.97 since inception. The fund has provided positive monthly returns 83% of the time in rising markets, and 40% of the time when the market was negative, contributing to an up capture ratio since inception of 298% and a down capture ratio of 117%. |
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Performance Report: Bennelong Concentrated Australian Equities Fund
24 Jan 2022 - FundMonitors.com
The Bennelong Concentrated Australian Equities Fund has risen +27.27%, outperforming the ASX200 Total Return Index by +10.04%. The fund has consistently outperformed the index since inception in February 2009, providing investors with a...
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24 Jan 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 has consistently outperformed the ASX 200 Total Return Index since inception in February 2009, providing investors with a return of 17.44%, compared with the index's return of 10.54% over the same time period. On a calendar basis the fund has had 2 negative annual returns in the 13 years since its inception. Its largest drawdown was -24.11% lasting 6 months, occurring between February 2020 and August 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 once and currently sits at 1.02 since inception. The fund has provided positive monthly returns 91% of the time in rising markets, and 20% of the time when the market was negative, contributing to an up capture ratio since inception of 157% and a down capture ratio of 91%. |
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Performance Report: Longlead Pan-Asian Absolute Return Fund
21 Jan 2022 - FundMonitors.com
The Longlead Absolute Return Fund (Master Fund) returned +1.42% in December, taking 12-month performance to +7.36%. The The Longlead Pan-Asian Absolute Return Fund (Feeder Fund) rose +1.62% in December. Since inception in July 2017, the...
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21 Jan 2022 - Performance Report: Longlead Pan-Asian Absolute Return Fund
By: FundMonitors.com
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| Manager Comments | The Longlead Absolute Return Fund has a track record of 4 years and 6 months and therefore comparison over all market conditions and against the fund's peers is limited. However, since inception in July 2017, the fund has outperformed the Asia Pacific Index, providing investors with an annualised return of 22.94%, compared with the index's return of 8.26% over the same time period. On a calendar basis the fund has had 1 negative annual return in the 4 years and 6 months since its inception. Its largest drawdown was -14.88% lasting 13 months, occurring between January 2019 and February 2020 when the index fell by a maximum of -7.32%. The Manager has delivered higher returns but with higher volatility than the index, resulting in a Sharpe ratio which has fallen below 1 three times and currently sits at 1.45 since inception. The fund has provided positive monthly returns 63% 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 74% and a down capture ratio of -84%. |
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Performance Report: Glenmore Australian Equities Fund
21 Jan 2022 - FundMonitors.com
The Glenmore Australian Equities Fund rose +4.13% in December, outperforming the ASX200 Total Return Index by +1.38% and taking 12-month performance to +39.08% vs the index's +17.23%. Since inception in June 2017, the fund has outperformed...
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21 Jan 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 7 months and therefore comparison over all market conditions and against the fund's peers is limited. However, since inception in June 2017, the fund has outperformed the ASX 200 Total Return Index, providing investors with an annualised return of 25.89%, compared with the index's return of 9.99% over the same time period. On a calendar basis the fund has never had a negative annual return in the 4 years and 7 months since its inception. Its largest drawdown was -36.91% lasting 13 months, occurring between October 2019 and November 2020. 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 1.15 since inception. The fund has provided positive monthly returns 92% of the time in rising markets, and 41% of the time when the market was negative, contributing to an up capture ratio since inception of 233% and a down capture ratio of 99%. |
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Performance Report: Bennelong Australian Equities Fund
21 Jan 2022 - FundMonitors.com
The Bennelong Australian Equities Fund rose +25.84% over CY21, outperforming the ASX200 Total Return Index +8.61%. The fund has consistently outperformed the index since inception in February 2009, providing investors with a return of...
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21 Jan 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 has consistently outperformed the ASX 200 Total Return Index since inception in February 2009, providing investors with a return of 15.41%, compared with the index's return of 10.54% over the same time period. On a calendar basis the fund has had 1 negative annual return in the 13 years since its inception. Its largest drawdown was -24.32% lasting 6 months, occurring between February 2020 and August 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 once and currently sits at 0.91 since inception. The fund has provided positive monthly returns 92% of the time in rising markets, and 18% of the time when the market was negative, contributing to an up capture ratio since inception of 145% and a down capture ratio of 95%. |
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Performance Report: DS Capital Growth Fund
20 Jan 2022 - FundMonitors.com
The DS Capital Growth Fund rose +1.35% in December, taking 12-month performance to +18.30% vs the ASX200 Total Return Index's +17.23%. The fund has consistently outperformed the index since inception in January 2013, providing investors...
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20 Jan 2022 - Performance Report: DS Capital Growth Fund
By: FundMonitors.com
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| Fund Overview | The investment team looks for industrial businesses that are simple to understand, generally avoiding large caps, pure mining, biotech and start-ups. They also look for: - Access to management; - Businesses with a competitive edge; - Profitable companies with good margins, organic growth prospects, strong market position and a track record of healthy dividend growth; - Sectors with structural advantage and barriers to entry; - 15% p.a. pre-tax compound return on each holding; and - A history of stable and predictable cash flows that DS Capital can understand and value. |
| Manager Comments | The DS Capital Growth Fund has a track record of 9 years and 1 month and has consistently outperformed the ASX 200 Total Return Index since inception in January 2013, providing investors with a return of 16.3%, compared with the index's return of 9.79% over the same time period. On a calendar basis the fund has had 1 negative annual return in the 9 years and 1 month since its inception. Its largest drawdown was -22.53% lasting 6 months, occurring between February 2020 and August 2020 when the index fell by a maximum of -26.75%. The Manager has delivered these returns with -2.29% less volatility than the index, contributing to a Sharpe ratio which has fallen below 1 once and currently sits at 1.29 since inception. The fund has provided positive monthly returns 90% of the time in rising markets, and 37% of the time when the market was negative, contributing to an up capture ratio since inception of 72% and a down capture ratio of 45%. |
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Performance Report: Airlie Australian Share Fund
20 Jan 2022 - FundMonitors.com
The Airlie Australian Share Fund rose +3.21% in December, outperforming the ASX200 Total Return Index by +0.46% and taking 12-month performance to +28.76% vs the index's +17.23%. Since inception in June 2018, the fund has outperformed the...
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20 Jan 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 3 years and 7 months and therefore comparison over all market conditions and against the fund's peers is limited. However, since inception in June 2018, the fund has outperformed the ASX 200 Total Return Index, providing investors with an annualised return of 14.51%, compared with the index's return of 10.09% over the same time period. On a calendar basis the fund has had 1 negative annual return in the 3 years and 7 months since its inception. Its largest drawdown was -23.8% lasting 9 months, occurring between February 2020 and November 2020 when the index fell by a maximum of -26.75%. The Manager has delivered these returns with -0.44% less volatility than the index, contributing to a Sharpe ratio which has fallen below 1 twice and currently sits at 0.91 since inception. The fund has provided positive monthly returns 100% of the time in rising markets, and 15% of the time when the market was negative, contributing to an up capture ratio since inception of 114% and a down capture ratio of 90%. |
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