| Report Date | 25 May 2010 |
| Manager | OC Funds Management |
| Fund Name | OC Premium Equity Fund |
| Strategy | Equity Long |
| Latest Return Date | April 2010 |
| Latest Return | 1.80% |
| Latest 6 Months | 13.83% |
| Latest 12 Months | 61.15% |
| Latest 24 Months | -4.31% |
| Annualised Since Inception | 10.04% |
| Inception Date | 01 December 2000 |
| FUM (millions) | AU$28 |
| Fund Overview | The OC Premium Equity Fund is an unbenchmarked, long-only Australian equities fund. The investment strategy is to build long term investments in a broad range of ASX listed securities with a focus on smaller to midcapitalisation industrial companies due to their relative simplicity, potential for growth and inefficiencies in market pricing. Investments are only made where the risk/return equation is compelling. The fund employs a \\\\\\\\\\\\\\\\'buy and hold\\\\\\\\\\\\\\\\' strategy. No leverage or derivatives are employed. The fund does not short. The fund managers own more than 50% of the firm. All performance fees are reinvested into the fund for a minimum of 12 months. The Premium Fund will hold between 20 and 50 listed securities, will not invest more than 11% of the total portfolio in any one individual position and it will not own more than 7.5% of the capital in one company.
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| Manager Comments | OC's long only Premium Equity Fund performed well in April with a positive return of 1.8% compared to both the Small Industrial Accumulation Index (-0.2%) and the All Ordinaries Accumulation Index (-1.2%).
The manager attributes the fund's strong performance in the financial year to date to two equally important factors. The first is very strong performance by the fund's core holdings including CSG Group, Mineral Resources, Automotive Holdings and IOOF. The fund has also avoided most of the stock specific downgrades which have impacted the small-to-mid cap industrial space. |
| More Information | » View detailed profile of this fund |
