| Report Date | 17 May 2016 |
| Manager | NWQ Capital Management Pty Ltd |
| Fund Name | NWQ Fiduciary Fund |
| Strategy | Multi Strategy |
| Latest Return Date | April 2016 |
| Latest Return | 0.27% |
| Latest 6 Months | -2.53% |
| Latest 12 Months | 6.25% |
| Latest 24 Months | 11.91% |
| Annualised Since Inception | 7.99% |
| Inception Date | 01 December 2013 |
| FUM (millions) | AU$83 |
| 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 | The NWQ Fiduciary Fund returned 0.27% in April bringing the net performance for the trailing 12 months to 6.25%. Since inception in May 2013, the Fund has an annualised return of 7.99% p.a., compared to the S&P/ASX 200 Accumulation Index's return of 5.00% p.a. This return has been achieved with low volatility to give notable Sharpe and Sortino ratios of 1.1 (Index 0.27) and 2.25 (Index 0.30) respectively.
At month end, the Fund was rebalanced with a reduction in Beta strategies (-3.0%) and an increase in Alpha strategies (+3.0%). In addition, a new manager has been introduced to the Beta strategy to provide some additional diversification. The portfolio's Beta managers utilised a range of long/short equity strategies and were the main contributors to performance, attributing +0.25%. Alpha manager returns were more subdued, with the strategy attributing a modest +0.10%.
Click below to read the latest Fund's Report. |
| More Information |
|
