| 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 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 Fund's Sharpe and Sortino ratios, 1.06 and 1.97 respectively, by contrast with the Index's Sharpe of 0.61 and Sortino of 0.85, highlight the Fund's capacity to achieve superior risk-adjusted returns than the market whilst ensuring investors' capital is protected. This is also supported by the Fund's down-capture ratio since inception of -6.90% which says that the Fund, on average, has risen during the months the market has fallen. The Fund returned -0.58% in July. NWQ noted there was a higher level of volatility in the returns of the Alpha and Beta managers during the month, and it was unfortunate that the end of the month coincided with a shift in sentiment that was unfavourable for a select few of these managers. Pleasingly, NWQ noted, the majority of these losses were recovered in the first three trading days in August ahead of earnings season. |
| More Information |
