| Report Date | 15 December 2015 |
| Manager | NWQ Capital Management Pty Ltd |
| Fund Name | NWQ Fiduciary Fund |
| Strategy | Multi Strategy |
| Latest Return Date | November 2015 |
| Latest Return | 0.66% |
| Latest 6 Months | 9.94% |
| Latest 12 Months | 14.18% |
| Latest 24 Months | 19.79% |
| Annualised Since Inception | 10.71% |
| Inception Date | 01 December 2013 |
| FUM (millions) | AU$2 |
| Fund Overview | The NWQ Fiduciary Fund (Fund), managed by NWQ Capital Management, is a diversified multi-manager portfolio, modelled on NWQ's Fiduciary Model Portfolio. The principal investment objective of the Fund is to produce attractive positive returns irrespective of market direction. This is achieved through active allocations to selective fund managers that employ a variety of traditional and absolute return strategies. The Fund places emphasis on managers who demonstrate a rigorous and repeatable investment process that has delivered a strong track record.
The Fund aims to produce returns, after management fees and expenses of between 8% to 11% p.a. over rolling five-year periods. Furthermore, the Fund aims to achieve these returns with volatility that is a fraction of the Australian equity market, in order to smooth returns for investors. |
| Manager Comments | NWQ Fiduciary Fund returned +0.66% for the month of November, to take latest 12 month return to 14.18%. Since inception in May 2013, the Fund has an annualised return of 10.71% p.a., compared to the ASX200 Accumulation Index's return of 4.52% p.a. This return has been achieved with low volatility to give notable Sharpe and Sortino ratios of 1.92 (Index 0.23) and 6.13 (Index 0.24) respectively.
The Fund's Beta managers, utilised a range of long/short equity strategies, outperforming the market and delivering a positive return of 0.25%. The Fund's Alpha managers also outperformed, contributing +0.51% to the portfolio return. The Fund's portfolio has an overweight allocation to the Alpha, market neutral strategies, as the NWQ view is that there is potential for market volatility in the coming months.
Click below to read the latest Fund's Report. |
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