NEWS
Performance Report: Insync Global Quality Equity Fund
21 Dec 2022 - FundMonitors.com
The Insync Global Quality Equity Fund rose by +4.78% in November, an outperformance of +1.5% compared with the Global Equity benchmark which rose by +3.28%. The fund has outperformed the benchmark since October 2009, providing investors...
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21 Dec 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 13 years and 2 months and has outperformed the Global Equity benchmark since inception in October 2009, providing investors with an annualised return of 11.8% compared with the benchmark's return of 10.68% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 13 years and 2 months since its inception. Over the past 12 months, the fund's largest drawdown was -28.54% vs the index's -15.77%, and since inception in October 2009 the fund's largest drawdown was -28.54% vs the index's maximum drawdown over the same period of -15.77%. The fund's maximum drawdown began in January 2022 and has so far lasted 10 months, reaching its lowest point during September 2022. The Manager has delivered these returns with 1.6% more volatility than the benchmark, contributing to a Sharpe ratio which has fallen below 1 five times over the past five years and which currently sits at 0.82 since inception. The fund has provided positive monthly returns 82% 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 86% and a down-capture ratio of 89%. |
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Performance Report: Glenmore Australian Equities Fund
21 Dec 2022 - FundMonitors.com
The Glenmore Australian Equities Fund rose by +3.61% in November. The fund has outperformed the ASX 200 Total Return benchmark since inception in June 2017, providing investors with an annualised return of 21.78% compared with the...
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21 Dec 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 6 months and has outperformed the ASX 200 Total Return benchmark since inception in June 2017, providing investors with an annualised return of 21.78% compared with the benchmark's return of 8.69% over the same period. On a calendar year basis, the fund hasn't experienced any negative annual returns in the 5 years and 6 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 7.16% more volatility than the benchmark, contributing to a Sharpe ratio which has fallen below 1 four times over the past five years and which currently sits at 0.96 since inception. The fund has provided positive monthly returns 91% 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 233% and a down-capture ratio of 104%. |
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Performance Report: Bennelong Long Short Equity Fund
21 Dec 2022 - FundMonitors.com
The Bennelong Long Short Equity Fund rose by +0.75% in November. The fund has outperformed the ASX 200 Total Return benchmark since inception in February 2002, providing investors with an annualised return of 12.66% compared with the...
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21 Dec 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 10 months and has outperformed the ASX 200 Total Return benchmark since inception in February 2002, providing investors with an annualised return of 12.66% compared with the benchmark's return of 8.14% 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 10 months since its inception. Over the past 12 months, the fund's largest drawdown was -19.13% 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 so far lasted 2 years and 2 months, 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 0.5% less volatility than the benchmark, contributing to a Sharpe ratio which has fallen below 1 five times over the past five years and which currently sits at 0.74 since inception. The fund has provided positive monthly returns 65% 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 4% and a down-capture ratio of -113%. |
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Performance Report: Bennelong Twenty20 Australian Equities Fund
20 Dec 2022 - FundMonitors.com
The Bennelong Twenty20 Australian Equities Fund rose by +3.79% in November. The fund has outperformed the ASX 200 Total Return benchmark since inception in November 2009, providing investors with an annualised return of 9.64% compared with...
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20 Dec 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 13 years and 1 month and has outperformed the ASX 200 Total Return benchmark since inception in November 2009, providing investors with an annualised return of 9.64% compared with the benchmark's return of 7.99% 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 1 month since its inception. Over the past 12 months, the fund's largest drawdown was -21.5% 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 0.61% more volatility than the benchmark, 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 7% of the time during periods of market decline, contributing to an up-capture ratio since inception of 114% and a down-capture ratio of 99%. |
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Performance Report: Insync Global Capital Aware Fund
20 Dec 2022 - FundMonitors.com
The Insync Global Capital Aware Fund rose by +4.69% in November, an outperformance of +3.11% compared with the Global Equity benchmark which rose by +1.58%. Since inception in October 2009, the fund has returned +9.84% per annum with an...
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20 Dec 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 13 years and 2 months and has underperformed the Global Equity benchmark since inception in October 2009, providing investors with an annualised return of 9.84% compared with the benchmark's return of 10.45% 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 2 months since its inception. Over the past 12 months, the fund's largest drawdown was -29.45% vs the index's -16.02%, and since inception in October 2009 the fund's largest drawdown was -29.45% vs the index's maximum drawdown over the same period of -16.02%. The fund's maximum drawdown began in January 2022 and has so far lasted 10 months, reaching its lowest point during September 2022. The Manager has delivered these returns with 1% more volatility than the benchmark, contributing to a Sharpe ratio which has fallen below 1 five times over the past five years and which currently sits at 0.7 since inception. The fund has provided positive monthly returns 81% 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 63% and a down-capture ratio of 85%. |
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Performance Report: Airlie Australian Share Fund
20 Dec 2022 - FundMonitors.com
The Airlie Australian Share Fund rose by +5.91% in November. The fund has outperformed the ASX 200 Total Return benchmark since inception in June 2018, providing investors with an annualised return of 10.94% compared with the benchmark's...
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20 Dec 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 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 benchmark since inception in June 2018, providing investors with an annualised return of 10.94% compared with the benchmark's return of 8.48% over the same period. On a calendar year basis, the fund hasn't experienced any negative annual returns in the 4 years and 6 months 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 0.07% less volatility than the benchmark, contributing to a Sharpe ratio which has fallen below 1 four times over the past four years and which currently sits at 0.67 since inception. The fund has provided positive monthly returns 97% of the time in rising markets and 11% of the time during periods of market decline, contributing to an up-capture ratio since inception of 110% and a down-capture ratio of 97%. |
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Performance Report: Bennelong Concentrated Australian Equities Fund
20 Dec 2022 - FundMonitors.com
The Bennelong Concentrated Australian Equities Fund rose by +2.05% in November. The fund has outperformed the ASX 200 Total Return benchmark since inception in February 2009, providing investors with an annualised return of 13.67% compared...
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20 Dec 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 10 months and has outperformed the ASX 200 Total Return benchmark since inception in February 2009, providing investors with an annualised return of 13.67% compared with the benchmark's return of 9.98% 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 10 months since its inception. Over the past 12 months, the fund's largest drawdown was -30.58% 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 so far lasted 11 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 1.9% more volatility than the benchmark, contributing to a Sharpe ratio which has fallen below 1 five times over the past five years and which currently sits at 0.76 since inception. The fund has provided positive monthly returns 90% 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 131% and a down-capture ratio of 97%. |
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Performance Report: ASCF High Yield Fund
19 Dec 2022 - FundMonitors.com
The ASCF High Yield Fund rose by +0.51% in November. The fund has outperformed the Bloomberg AusBond Composite 0+ Yr benchmark since inception in March 2017, providing investors with an annualised return of 8.44% compared with the...
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19 Dec 2022 - Performance Report: ASCF High Yield Fund
By: FundMonitors.com
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| Fund Overview | ASCF High Yield Fund provides short term 1st and/or 2nd mortgage loans to a maximum Loan to Valuation Ratio (LVR) of 80% for a maximum term of 12 months on residential and commercial property. 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 5.00% - 6.55% per annum depending on their investment term. |
| Manager Comments | The ASCF High Yield Fund has a track record of 5 years and 9 months and has outperformed the Bloomberg AusBond Composite 0+ Yr benchmark since inception in March 2017, providing investors with an annualised return of 8.44% compared with the benchmark's return of 1.33% over the same period. On a calendar year basis, the fund hasn't experienced any negative annual returns in the 5 years and 9 months since its inception. Since inception in March 2017, the fund hasn't had any negative monthly returns and therefore hasn't experienced a drawdown. Over the same period, the index's largest drawdown was -12.97%. The Manager has delivered these returns with 4.06% less volatility than the benchmark, contributing to a Sharpe ratio which has consistently remained above 1 over the past five years and which currently sits at 18.06 since inception. The fund has provided positive monthly returns 100% of the time in rising markets and 100% of the time during periods of market decline, contributing to an up-capture ratio since inception of 76% and a down-capture ratio of -74%. |
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Performance Report: Bennelong Emerging Companies Fund
19 Dec 2022 - FundMonitors.com
The Bennelong Emerging Companies Fund rose by +1.99% in November. The fund has outperformed the ASX 200 Total Return benchmark since inception in November 2017, providing investors with an annualised return of 17.55% compared with the...
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19 Dec 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 5 years and 1 month and has outperformed the ASX 200 Total Return benchmark since inception in November 2017, providing investors with an annualised return of 17.55% compared with the benchmark's return of 8.41% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 5 years and 1 month since its inception. Over the past 12 months, the fund's largest drawdown was -29.64% 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 14.08% more volatility than the benchmark, 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 80% 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 251% and a down-capture ratio of 121%. |
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Performance Report: Bennelong Australian Equities Fund
16 Dec 2022 - FundMonitors.com
The Bennelong Australian Equities Fund rose by +2.63% in November. The fund has outperformed the ASX 200 Total Return benchmark since inception in February 2009, providing investors with an annualised return of 12.08% compared with the...
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16 Dec 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 10 months and has outperformed the ASX 200 Total Return benchmark since inception in February 2009, providing investors with an annualised return of 12.08% compared with the benchmark's return of 9.98% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 13 years and 10 months since its inception. Over the past 12 months, the fund's largest drawdown was -28.95% 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 so far lasted 11 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 1.44% more volatility than the benchmark, 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 123% and a down-capture ratio of 99%. |
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