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| Fund Overview | The Fund may invest in securities expected to be listed on the ASX within 12 months. The Fund may also invest in securities listed, or expected to be listed, on other exchanged where such securities relate to ASX-listed securities |
| Manager Comments | Bennelong have taken the volatility as an opportunity to make changes to the portfolio. The Fund remains reasonably diversified across sector and risk-return drivers. For example, the top holdings include Viva Leisure (in gyms), Mader Group (mining services) and BWX (personal care products). Bennelong noted that, while the month-to-month stock price volatility might be high, they believe the companies in which they have invested are incrementally building value as the months turn over which ultimately they expect will underpin strong performance over time. |
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