| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | 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 | At the end of the month, more than half of the portfolio was composed of securities from the Diversified Financials (26%), Media (16%) and Commercial & Professional Services (16%) sectors. Cash holdings increased from the prior month's 10% to 17%. The investment team continues to remain focused on creating a concentrated 'deep value' investing philosophy - buying assets for less than their intrinsic value. This is reflected in the portfolio, consisting only 14 ASX listed securities for the month of March. |
| More Information |
