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Performance Report: Delft Partners Global High Conviction Strategy
15 Dec 2022 - FundMonitors.com
The Delft Partners Global High Conviction Strategy rose by +4.73% in November, an outperformance of +1.45% compared with the Global Equity benchmark which rose by +3.28%. The strategy has outperformed the benchmark since inception in...
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15 Dec 2022 - Performance Report: Delft Partners Global High Conviction Strategy
By: FundMonitors.com
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| Fund Overview | The quantitative model is proprietary and designed in-house. The critical elements are Valuation, Momentum, and Quality (VMQ) and every stock in the global universe is scored and ranked. Verification of the quant model scores is then cross checked by fundamental analysis in which a company's Accounting policies, Governance, and Strategic positioning is evaluated. The manager believes strategy is suited to investors seeking returns from investing in global companies, diversification away from Australia and a risk aware approach to global investing. It should be noted that this is a strategy in an IMA format and is not offered as a fund. An IMA solution can be a more cost and tax effective solution, for clients who wish to own fewer stocks in a long only strategy. |
| Manager Comments | The Delft Partners Global High Conviction Strategy has a track record of 11 years and 4 months and has outperformed the Global Equity benchmark since inception in August 2011, providing investors with an annualised return of 14.81% compared with the benchmark's return of 12.85% over the same period. On a calendar year basis, the strategy has experienced a negative annual return on 2 occasions in the 11 years and 4 months since its inception. Over the past 12 months, the strategy's largest drawdown was -9.85% vs the index's -15.77%, and since inception in August 2011 the strategy's largest drawdown was -13.33% vs the index's maximum drawdown over the same period of -15.77%. The strategy's maximum drawdown began in February 2020 and lasted 1 year, reaching its lowest point during July 2020. The strategy had completely recovered its losses by February 2021. During this period, the index's maximum drawdown was -13.19%. The Manager has delivered these returns with 1.2% 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 1.08 since inception. The strategy has provided positive monthly returns 88% of the time in rising markets and 14% of the time during periods of market decline, contributing to an up-capture ratio since inception of 100% and a down-capture ratio of 90%. |
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Performance Report: Skerryvore Global Emerging Markets All-Cap Equity Fund
15 Dec 2022 - FundMonitors.com
The Skerryvore Global Emerging Markets All-Cap Equity Fund rose by +5.6% in November. The fund has outperformed the MSCI Emerging Markets (MMEF) AUD benchmark since inception in August 2021, providing investors with an annualised return of...
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15 Dec 2022 - Performance Report: Skerryvore Global Emerging Markets All-Cap Equity Fund
By: FundMonitors.com
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| Fund Overview | Emerging markets refers to countries that are transitioning from a low income, less developed economy towards a modern, industrial economy with a higher standard of living and greater connectivity to global markets. The strategy is index unaware (meaning that the Skerryvore team decides to invest in individual stocks based on their merit and without reference to the composition of the Benchmark) and the Fund's country and sector allocations will reflect the active bottom up investment approach of the Skerryvore team. The Fund also invests in companies that are incorporated and listed in developed market countries which have economic exposure to emerging markets. The difference in allocation against any emerging markets index can be significant. |
| Manager Comments | The Skerryvore Global Emerging Markets All-Cap Equity Fund has a track record of 1 year and 4 months and therefore comparison over all market conditions and against its peers is limited. However, the fund has outperformed the MSCI Emerging Markets (MMEF) AUD benchmark since inception in August 2021, providing investors with an annualised return of -5.14% compared with the benchmark's return of -8.86% over the same period. Over the past 12 months, the fund's largest drawdown was -13.9% vs the index's -20.81%, and since inception in August 2021 the fund's largest drawdown was -17.45% vs the index's maximum drawdown over the same period of -21.92%. The fund's maximum drawdown began in September 2021 and has so far lasted 1 year and 2 months, reaching its lowest point during June 2022. The Manager has delivered these returns with 2.67% less volatility than the benchmark, contributing to a Sharpe ratio for performance over the past 12 months of -0.44 and for performance since inception of -0.52. The fund has provided positive monthly returns 100% 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 70% and a down-capture ratio of 70%. |
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Performance Report: Cyan C3G Fund
14 Dec 2022 - FundMonitors.com
The Cyan C3G Fund returned -0.63% in November. Since inception in August 2014, the fund has returned +6.16% per annum with an annualised standard deviation of 18.67%.
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14 Dec 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 8 years and 4 months since its inception. Over the past 12 months, the fund's largest drawdown was -44.03% vs the index's -24.12%, and since inception in August 2014 the fund's largest drawdown was -45.18% vs the index's maximum drawdown over the same period of -29.12%. The fund's maximum drawdown began in November 2021 and has so far lasted 1 year, reaching its lowest point during September 2022. During this period, the index's maximum drawdown was -24.24%. The Manager has delivered these returns with 0.9% 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 0.35 since inception. The fund has provided positive monthly returns 83% of the time in rising markets and 35% of the time during periods of market decline, contributing to an up-capture ratio since inception of 54% and a down-capture ratio of 83%. |
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Performance Report: Quay Global Real Estate Fund (Unhedged)
14 Dec 2022 - FundMonitors.com
The Quay Global Real Estate Fund (Unhedged) rose by +0.77% in November. The fund has outperformed the FTSE EPRA/ NAREIT Developed Index benchmark since inception in January 2016, providing investors with an annualised return of 6.11%...
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14 Dec 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 11 months and has outperformed the FTSE EPRA/ NAREIT Developed Index benchmark since inception in January 2016, providing investors with an annualised return of 6.11% compared with the benchmark's return of 3.5% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 6 years and 11 months since its inception. Over the past 12 months, the fund's largest drawdown was -22.45% vs the index's -20.72%, 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 -26.61%. The fund's maximum drawdown began in January 2022 and has so far lasted 10 months, reaching its lowest point during September 2022. During this period, the index's maximum drawdown was -20.72%. The Manager has delivered these returns with 0.55% 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 0.45 since inception. The fund has provided positive monthly returns 92% 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 106% and a down-capture ratio of 93%. |
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Performance Report: DS Capital Growth Fund
13 Dec 2022 - FundMonitors.com
The DS Capital Growth Fund rose by +1.94% in November. The fund has outperformed the ASX 200 Total Return benchmark since inception in January 2013, providing investors with an annualised return of 12.57% compared with the benchmark's...
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13 Dec 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 11 months and has outperformed the ASX 200 Total Return benchmark since inception in January 2013, providing investors with an annualised return of 12.57% compared with the benchmark's return of 9.08% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 9 years and 11 months since its inception. Over the past 12 months, the fund's largest drawdown was -21.56% vs the index's -11.9%, and since inception in January 2013 the fund's largest drawdown was -22.53% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in February 2020 and lasted 6 months, reaching its lowest point during March 2020. The fund had completely recovered its losses by August 2020. The Manager has delivered these returns with 1.71% 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 0.91 since inception. The fund has provided positive monthly returns 88% 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 63% and a down-capture ratio of 66%. |
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Performance Report: L1 Capital Long Short Fund (Monthly Class)
12 Dec 2022 - FundMonitors.com
The L1 Capital Long Short Fund (Monthly Class) rose by +8.1% in November, an outperformance of +1.52% compared with the ASX 200 Total Return Index which rose by +6.58%. The fund has outperformed the index since inception in September 2014,...
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12 Dec 2022 - Performance Report: L1 Capital Long Short Fund (Monthly Class)
By: FundMonitors.com
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| Manager Comments | The L1 Capital Long Short Fund (Monthly Class) has a track record of 8 years and 3 months and has outperformed the ASX 200 Total Return Index since inception in September 2014, providing investors with an annualised return of 20.65% compared with the index's return of 7.54% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 8 years and 3 months 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 6.48% 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 0.94 since inception. The fund has provided positive monthly returns 79% 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 88% and a down-capture ratio of 27%. |
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Performance Report: Collins St Value Fund
9 Dec 2022 - FundMonitors.com
The Collins St Value Fund rose by +3.82% in November. The fund has outperformed the ASX 200 Total Return benchmark since inception in February 2016, providing investors with an annualised return of 14.62% compared with the benchmark's...
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9 Dec 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 10 months and has outperformed the ASX 200 Total Return benchmark since inception in February 2016, providing investors with an annualised return of 14.62% compared with the benchmark's return of 10.07% over the same period. On a calendar year basis, the fund hasn't experienced any negative annual returns in the 6 years and 10 months since its inception. Over the past 12 months, the fund's largest drawdown was -20.25% 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 3.62% 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 0.79 since inception. The fund has provided positive monthly returns 83% of the time in rising markets and 61% of the time during periods of market decline, contributing to an up-capture ratio since inception of 72% and a down-capture ratio of 55%. |
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Performance Report: Altor AltFi Income Fund
9 Dec 2022 - FundMonitors.com
The Altor AltFi Income Fund rose by +0.59% in November. The fund has outperformed the RBA Cash Rate + 5% benchmark since inception in April 2018, providing investors with an annualised return of 11.34% compared with the benchmark's return...
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9 Dec 2022 - Performance Report: Altor AltFi Income Fund
By: FundMonitors.com
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| Fund Overview | The fund is managed by Altor Credit Partners. The investment committee comprises Harley Dalton and Ben Harrison. |
| Manager Comments | The Altor AltFi Income 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 RBA Cash Rate + 5% benchmark since inception in April 2018, providing investors with an annualised return of 11.34% compared with the benchmark's return of 5.8% over the same period. On a calendar year basis, the fund hasn't experienced any negative annual returns in the 4 years and 8 months since its inception. Over the past 12 months, the fund hasn't had any negative monthly returns and therefore hasn't experienced a drawdown. Since inception in April 2018, the fund's largest drawdown was -0.03%. The fund's maximum drawdown began in March 2020 and lasted only 1 month, with the fund having completely recovered its losses by April 2020. The Manager has delivered these returns with 2.33% more volatility than the benchmark, contributing to a Sharpe ratio which has consistently remained above 1 over the past four years and which currently sits at 3.91 since inception. |
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Performance Report: 4D Global Infrastructure Fund (Unhedged)
7 Dec 2022 - FundMonitors.com
The 4D Global Infrastructure Fund (Unhedged) rose by +3.58% in November, an outperformance of +2.13% compared with the S&P Global Infrastructure TR (AUD) Index which rose by +1.45%. The fund has outperformed the index since inception in...
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7 Dec 2022 - Performance Report: 4D Global Infrastructure Fund (Unhedged)
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 (Unhedged) has a track record of 6 years and 9 months and has outperformed the S&P Global Infrastructure TR (AUD) Index since inception in March 2016, providing investors with an annualised return of 8.7% compared with the index's return of 8.6% 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 -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 0.2% 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 0.67 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 100% and a down-capture ratio of 99%. |
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Performance Report: Argonaut Natural Resources Fund
7 Dec 2022 - FundMonitors.com
The Argonaut Natural Resources Fund rose by +8% in November, an outperformance of +1.42% compared with the ASX 200 Total Return Index which rose by +6.58%. The fund has outperformed the index since inception in January 2020, providing...
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7 Dec 2022 - Performance Report: Argonaut Natural Resources Fund
By: FundMonitors.com
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| Fund Overview | At times, ANRF may consider holding higher levels of cash (max 30%) if valuations are full and it is difficult to find attractive investment opportunities. The Fund does not borrow for investment or any other purposes, but it may short sell securities as part of its portfolio protection strategies. |
| Manager Comments | The Argonaut Natural Resources Fund has a track record of 2 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 January 2020, providing investors with an annualised return of 44.72% compared with the index's return of 6.9% over the same period. On a calendar year basis, the fund hasn't experienced any negative annual returns in the 2 years and 11 months since its inception. Over the past 12 months, the fund's largest drawdown was -19.06% vs the index's -11.9%, and since inception in January 2020 the fund's largest drawdown was -19.06% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in April 2022 and has so far lasted 7 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 3.5% more volatility than the index, contributing to a Sharpe ratio for performance over the past 12 months of 1.19 and for performance since inception of 1.73. The fund has provided positive monthly returns 83% 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 200% and a down-capture ratio of 37%. |
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