| 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 | The Fund's performance in October was largely due to two of the Fund's holdings having experienced temporary falls in their share prices. Crowd Mobile fell from 24c per share to 14c per share after the CEO announced he was selling shares to fund a tax liability. However, Collins St noted Crowd Mobile had moved up to 17c and the Fund had recouped the majority of October's losses at the time of writing their latest report. 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'. It invests in sustainable cash-flow generating businesses that are trading at significant discounts to their underlying worth. |
| More Information |
