| Report Date | 20 March 2017 |
| Manager | Collins St Asset Management |
| Fund Name | Collins St Value Fund |
| Strategy | Equity Long |
| Latest Return Date | February 2017 |
| Latest Return | 0.46% |
| Latest 6 Months | 8.88% |
| Latest 12 Months | 23.85% |
| Latest 24 Months | |
| Annualised Since Inception | 24.18% |
| Inception Date | 05 February 2016 |
| FUM (millions) | AU$22.3 |
| Fund Overview | The Collins Street Value Fund is an index unaware fund which seeks to create strong investment returns over the medium and long term with capital preservation a priority.
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 measured, 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 | Collins Street Value Fund rose 0.46% in February, to take the latest 12 months return to 23.85%. Since inception, the Fund has an annualised return of 24.18% p.a., ahead of the ASX 200 Accumulation Index's 18.31% p.a. This return has been achieved with lower volatility than that of the Index, to give notable Sharpe and Sortino ratios of 2.6 and 9.8 respectively. At the end of February 2017, more than half of the portfolio was composed of securities from the Diversified Financials (30%), Media (15%) and Commercial & Professional Services (12%) sectors. Cash increased from the prior month's 1% to 10%. For the month, the Fund held a concentrated portfolio of 15 ASX securities. |
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