| Report Date | 15 July 2016 |
| Manager | NWQ Capital Management Pty Ltd |
| Fund Name | NWQ Fiduciary Fund |
| Strategy | Multi Strategy |
| Latest Return Date | June 2016 |
| Latest Return | -0.44% |
| Latest 6 Months | -2.99% |
| Latest 12 Months | 8.96% |
| Latest 24 Months | 6.96% |
| Annualised Since Inception | 8.37% |
| Inception Date | 01 May 2013 |
| FUM (millions) | AU$88 |
| 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 -0.44% in June and returned +8.96% over the last 12 months. Since inception in May 2013, the Fund has an annualised return of 8.37% p.a., achieved with low volatility of 4.83% to give notable Sharpe and Sortino ratios of 1.22 (Index 0.27) and 2.45 (Index 0.29) respectively.
The portfolio's Beta managers utilising a range of long/short equity strategies, contributed -0.42% for the month. Positive attribution came from the Alpha managers, with the strategy attributing a modest +0.07% for the month. The portfolio continues to have an overweight allocation to the Alpha or market neutral strategies.
Click below to read the latest Fund's Report. |
| More Information |
|
