NEWS
Performance Report: Bennelong Twenty20 Australian Equities Fund
18 Oct 2022 - FundMonitors.com
The Bennelong Twenty20 Australian Equities Fund returned -6.58% in September. The fund has outperformed the ASX 200 Total Return Index since inception in November 2009, providing investors with an annualised return of 9% compared with the...
Read more...
18 Oct 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 11 months and has outperformed the ASX 200 Total Return Index since inception in November 2009, providing investors with an annualised return of 9% compared with the index's return of 7.07% 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 11 months since its inception. Over the past 12 months, the fund's largest drawdown was -21.68% vs the index's -11.9%, 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 0.71% 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 0.53 since inception. The fund has provided positive monthly returns 94% 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 118% and a down-capture ratio of 99%. |
| More Information |
Performance Report: Quay Global Real Estate Fund (Unhedged)
17 Oct 2022 - FundMonitors.com
The Quay Global Real Estate Fund (Unhedged) returned -6.46% in September. Since inception in January 2016, the fund has returned +5.45% per annum.
Read more...
17 Oct 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 9 months and has underperformed the BBAREIT Index since inception in January 2016, providing investors with an annualised return of 5.45% compared with the index's return of 5.62% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 6 years and 9 months since its inception. Over the past 12 months, the fund's largest drawdown was -22.45% vs the index's -10.31%, and since inception in January 2016 the fund's largest drawdown was -22.45% vs the index's maximum drawdown over the same period of -23.56%. The fund's maximum drawdown began in January 2022 and has lasted 8 months, reaching its lowest point during September 2022. During this period, the index's maximum drawdown was -20.63%. The Manager has delivered these returns with 1.53% 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 0.4 since inception. The fund has provided positive monthly returns 72% 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 68% and a down-capture ratio of 78%. |
| More Information |
Performance Report: Bennelong Emerging Companies Fund
17 Oct 2022 - FundMonitors.com
The Bennelong Emerging Companies Fund returned -4.21% in September, an outperformance of +1.96% compared with the ASX 200 Total Return Index which fell by -6.17%. The fund has outperformed the index since inception in November 2017,...
Read more...
17 Oct 2022 - Performance Report: Bennelong Emerging Companies 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 Emerging Companies 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 November 2017, providing investors with an annualised return of 16.49% compared with the index's return of 6.03% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 4 years and 11 months since its inception. Over the past 12 months, the fund's largest drawdown was -31.43% 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 14.68% 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 0.64 since inception. The fund has provided positive monthly returns 79% of the time in rising markets and 30% of the time during periods of market decline, contributing to an up-capture ratio since inception of 275% and a down-capture ratio of 121%. |
| More Information |
Performance Report: Bennelong Concentrated Australian Equities Fund
14 Oct 2022 - FundMonitors.com
The Bennelong Concentrated Australian Equities Fund returned -8.28% in September. The fund has outperformed the ASX 200 Total Return Index since inception in February 2009, providing investors with an annualised return of 13.34% compared...
Read more...
14 Oct 2022 - Performance Report: Bennelong Concentrated 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 Concentrated Australian Equities Fund has a track record of 13 years and 8 months and has outperformed the ASX 200 Total Return Index since inception in February 2009, providing investors with an annualised return of 13.34% compared with the index's return of 9.12% 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 8 months since its inception. Over the past 12 months, the fund's largest drawdown was -31.81% vs the index's -11.9%, and since inception in February 2009 the fund's largest drawdown was -31.81% 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 9 months, reaching its lowest point during September 2022. During this period, the index's maximum drawdown was -11.9%. The Manager has delivered these returns with 2.06% more volatility than the index, contributing to a Sharpe ratio for performance over the past 12 months of -1.76 and for performance since inception of 0.74. The fund has provided positive monthly returns 89% 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 140% and a down-capture ratio of 97%. |
| More Information |
Performance Report: L1 Capital Long Short Fund (Monthly Class)
13 Oct 2022 - FundMonitors.com
The L1 Capital Long Short Fund (Monthly Class) returned -7.8% in September. The fund has outperformed the ASX 200 Total Return Index since inception in September 2014, providing investors with an annualised return of 19.22% compared with...
Read more...
13 Oct 2022 - Performance Report: L1 Capital Long Short Fund (Monthly Class)
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 L1 Capital Long Short Fund (Monthly Class) has a track record of 8 years and 1 month and has outperformed the ASX 200 Total Return Index since inception in September 2014, providing investors with an annualised return of 19.22% compared with the index's return of 6.08% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 8 years and 1 month since its inception. Over the past 12 months, the fund's largest drawdown was -19.5% vs the index's -11.9%, 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 6.67% 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 78% 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 87% and a down-capture ratio of 27%. |
| More Information |
Performance Report: Bennelong Long Short Equity Fund
13 Oct 2022 - FundMonitors.com
The Bennelong Long Short Equity Fund returned -3.22% in September, an outperformance of +2.95% compared with the ASX 200 Total Return Index which fell by -6.17%. The fund has outperformed the index since inception in February 2002,...
Read more...
13 Oct 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 8 months and has outperformed the ASX 200 Total Return Index since inception in February 2002, providing investors with an annualised return of 12.63% compared with the index's return of 7.57% 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 8 months since its inception. Over the past 12 months, the fund's largest drawdown was -19.27% vs the index's -11.9%, and since inception in February 2002 the fund's largest drawdown was -30.59% 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 2 years, reaching its lowest point during June 2022. During this period, the index's maximum drawdown was -15.05%. The Manager has delivered these returns with 0.4% 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 0.73 since inception. The fund has provided positive monthly returns 64% of the time in rising markets and 59% of the time during periods of market decline, contributing to an up-capture ratio since inception of 5% and a down-capture ratio of -113%. |
| More Information |
Performance Report: Bennelong Australian Equities Fund
13 Oct 2022 - FundMonitors.com
The Bennelong Australian Equities Fund returned -7.92% in September. The fund has a track record of 13 years and 8 months and has outperformed the ASX 200 Total Return Index since inception in February 2009, providing investors with an...
Read more...
13 Oct 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 8 months and has outperformed the ASX 200 Total Return Index since inception in February 2009, providing investors with an annualised return of 11.68% compared with the index's return of 9.12% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 13 years and 8 months since its inception. Over the past 12 months, the fund's largest drawdown was -30.31% vs the index's -11.9%, and since inception in February 2009 the fund's largest drawdown was -30.31% 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 9 months, reaching its lowest point during September 2022. During this period, the index's maximum drawdown was -11.9%. The Manager has delivered these returns with 1.58% 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 0.66 since inception. The fund has provided positive monthly returns 90% 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 130% and a down-capture ratio of 99%. |
| More Information |
Performance Report: Glenmore Australian Equities Fund
12 Oct 2022 - FundMonitors.com
Over the past 12 months, the Glenmore Australian Equities Fund has returned -0.9% compared with the index which has fallen -7.69%, for a difference of +6.79%. Since inception in June 2017, the fund has returned +20.49% per annum, a...
Read more...
12 Oct 2022 - Performance Report: Glenmore 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 | 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 4 months and has outperformed the ASX 200 Total Return Index since inception in June 2017, providing investors with an annualised return of 20.49% compared with the index's return of 6.5% over the same period. On a calendar year basis, the fund hasn't experienced any negative annual returns in the 5 years and 4 months 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 7.59% 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 36% of the time during periods of market decline, contributing to an up-capture ratio since inception of 249% and a down-capture ratio of 104%. |
| More Information |
Performance Report: Bennelong Kardinia Absolute Return Fund
12 Oct 2022 - FundMonitors.com
The Bennelong Kardinia Absolute Return Fund rose by +2.3% in September, an outperformance of +8.47% compared with the ASX 200 Total Return Index which fell by -6.17%. The fund has outperformed the index since inception in May 2006,...
Read more...
12 Oct 2022 - Performance Report: Bennelong Kardinia Absolute Return 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 | 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 5 months and has outperformed the ASX 200 Total Return Index since inception in May 2006, providing investors with an annualised return of 7.72% compared with the index's return of 5.71% 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 5 months since its inception. Over the past 12 months, the fund's largest drawdown was -10.52% 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 6.67% 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 0.65 since inception. The fund has provided positive monthly returns 87% of the time in rising markets and 33% of the time during periods of market decline, contributing to an up-capture ratio since inception of 15% and a down-capture ratio of 53%. |
| More Information |
Performance Report: 4D Global Infrastructure Fund (Unhedged)
12 Oct 2022 - FundMonitors.com
The 4D Global Infrastructure Fund (Unhedged) returned -6.58% in September. Since inception in March 2016, the fund has returned +7.52% per annum.
Read more...
12 Oct 2022 - Performance Report: 4D Global Infrastructure 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 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 (Unhedged) has a track record of 6 years and 7 months and has underperformed the S&P Global Infrastructure TR (AUD) Index since inception in March 2016, providing investors with an annualised return of 7.52% compared with the index's return of 7.78% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 6 years and 7 months since its inception. Over the past 12 months, the fund's largest drawdown was -10.99% vs the index's -6.34%, 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 0.27% 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 0.58 since inception. The fund has provided positive monthly returns 94% 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 97% and a down-capture ratio of 99%. |
| More Information |
