30 Jul 2020 - Performance Report: Australian Eagle Trust Long-Short Fund

By: Australian Fund Monitors

Report Date	30 July 2020
Manager	Australian Eagle Asset Management
Fund Name	Australian Eagle Trust Long-Short Fund
Strategy	Equity Long/Short
Latest Return Date	June 2020
Latest Return	3.35%
Latest 6 Months	1.67%
Latest 12 Months	4.60%
Latest 24 Months (pa)	10.29%
Annualised Since Inception	17.32%
Inception Date	27 June 2016
FUM (millions)
Fund Overview	The Australian Eagle Trust Long-Short Fund aims to achieve strong double digit returns by allowing clients to access Australian Eagle's demonstrated historical strength in constructing Australian share portfolios applied to a long-short product. Using a combination of Australian Eagle's actual long investment performance in conjunction with a short selling discipline, suggests that this product can provide strong investment returns along with an alpha performance that is negatively correlated to the broader Australian equity market.
Manager Comments	The Australian Eagle Trust Long-Short Fund rose +3.35% in June, outperforming the ASX200 Accumulation Index by +0.74% and taking quarterly performance to +23.11% against the Index's +16.48%. Over FY20, the Fund outperformed the Index by +12.28%. Since inception in July 2016, the Fund has returned +17.32% p.a. vs the Index's annualised return over the same period of +7.35%. The Fund's up-capture and down-capture ratios for performance since inception, 140.16% and 79.62% respectively, indicate that, on average, the Fund has outperformed in both rising and falling markets. Top contributors in June came from long positions in ResMed Inc, Oz Minerals Ltd and Pushpay Holdings Ltd, while the largest detractors included a long position in Altium Ltd and short positions in Bank of Queensland Ltd and Cleanaway Waste Management Ltd. The Fund ended the month with 31 long positions and 25 short positions, with the largest exposure being to medical devices & services and technology stocks. The Fund ended the month with relatively less exposure to banking and real estate stocks.
More Information	View Fund's Profile View Manager's Report

Fund Monitors Pty Ltd

30 Jul 2020 - Performance Report: Australian Eagle Trust Long-Short Fund