| Report Date | 16 March 2018 |
| Manager | NWQ Capital Management Pty Ltd |
| Fund Name | NWQ Fiduciary Fund |
| Strategy | Multi Strategy |
| Latest Return Date | February 2018 |
| Latest Return | 0.45% |
| Latest 6 Months | 10.80% |
| Latest 12 Months | 12.83% |
| Latest 24 Months | 10.11% |
| Annualised Since Inception | 7.27% |
| Inception Date | 16 March 2018 |
| FUM (millions) | AU$91 |
| 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 +0.45% in February, outperforming the ASX200 Accumulation Index by +0.09% and taking annualised performance since inception in May 2013 to +7.27% with an annualised volatility of 4.80%. The ASX200 Accumulation Index has risen by +7.80% per annum with a volatility of 11.04% over the same period. The Fund's up-capture and down-capture ratios since inception indicate that, on average, the Fund has produced positive returns irrespective of market direction.
Both the Beta and Alpha managers made positive contributions to overall Fund performance in February, exhibiting the stock selection skills of the underlying managers who were on the whole positioned on the right side of the earnings announcements. |
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