| Report Date | 27 July 2017 |
| Manager | NWQ Capital Management Pty Ltd |
| Fund Name | NWQ Fiduciary Fund |
| Strategy | Multi Strategy |
| Latest Return Date | June 2017 |
| Latest Return | 0.86% |
| Latest 6 Months | 2.83% |
| Latest 12 Months | -1.46% |
| Latest 24 Months | 7.36% |
| Annualised Since Inception | 5.92% |
| Inception Date | 27 July 2017 |
| FUM (millions) | AU$93 |
| 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 finished the financial year strongly, posting a return of +0.86% in June, in comparison with the S&P/ASX200 Accumulation Index which went up +0.17%. The Fund's annualised standard deviation since inception in May 2013 is 4.81%, significantly lower than that of the ASX200 Total Return which has an annualised volatility of 11.73% over the same period.
Performance of the Fund's underlying managers was broad-based, with nine of the ten delivering a positive return. The Fund's returns were largely driven by its underlying Alpha managers, which collectively contributed +0.75% to overall performance. This performance was complemented by Beta managers, which contributed a solid +0.19%. |
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