| 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 | MHOR looks for investment that exhibit the following set of characteristics: -Opportunity - to take advantage of growth and positive alignment with industry themes and trends. -Quality business - competitively advantaged product or service offering. -Financial flexibility - appropriately resourced to capture its opportunity. -Management - with the vision and capability to bring it all together. -Fundamentally undervalued. MHOR also considers labour standards, environmental, social and ethical considerations when making investment decisions but only to the extent that these factors impact the assessment of risk or return. The minimum suggested investment timeframe is 3-5 years. |
| Manager Comments | Expecting market volatility, MHOR have been slowly increasing the Fund's cash levels over the last few months. Going into the market sell off earlier in the month, the Fund was carrying 16% cash and MHOR have been holding off purchasing a number of their new ideas. Additionally, MHOR have positioned the Fund to be materially underweight (in some cases zero) exposure to interest rate sensitive stocks such as REITs. MHOR noted they were able to utilise the broad base sell off to enter a number of positions. |
| More Information |
