| Report Date | 14 November 2017 |
| Manager | NWQ Capital Management Pty Ltd |
| Fund Name | NWQ Fiduciary Fund |
| Strategy | Multi Strategy |
| Latest Return Date | October 2017 |
| Latest Return | 2.50% |
| Latest 6 Months | 6.58% |
| Latest 12 Months | 5.18% |
| Latest 24 Months | 3.09% |
| Annualised Since Inception | 6.58% |
| Inception Date | 14 November 2017 |
| FUM (millions) | AU$83 |
| 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 rose +2.50% in October. Since inception, the Fund has returned +6.57% p.a. with a low risk profile delivering positive returns in both rising and falling markets. The Fund's Sharpe and Sortino ratios are 0.93 and 1.67 respectively, superior to the ASX200 Accumulation Index's Sharpe ratio of 0.52 and Sortino ratio of 0.71.
The Manager noted that following strong performance in September, in which the equity market fell along with the bond market, the 'all weather' strategy of the fund delivered another strong showing in October as the overall market reversed course and rallied strongly. Fund performance was broad based for the month, with strong contributions from both Beta (25% of the portfolio) and Alpha managers (70% of the portfolio). |
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