| 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 | Collins St note they spent much of the month investigating potential investment opportunities and continuing their due diligence on companies already owned. The average PE ratio of the Fund's equities holdings is 8.13x versus the market's 17.59x, indicating that the Fund invests in businesses trading at a significant discount to their underlying worth. At the end of the month, the portfolio comprised 80% ASX securities and 20% cash. Collins St noted the slightly larger cash position is due to the Fund having trimmed some of its positions, they believe the Fund remains well placed to take advantage of any opportunities that may arise. The Fund stands out as one of the few with zero management fees, charging performance fees only, ensuring the Manager's interests are aligned with investors'. |
| More Information |
