DRAFT
Fund Review
Glenmore Australian Equities Fund
Performance as at May 2026
Glenmore Asset Management, established in 2017 by Robert Gregory, is an investment management company based in Melbourne, Australia. It focuses on identifying mis-priced stocks in the market. Robert Gregory, with over 20 years of experience in the Australian equities market, acts as the Portfolio Manager and is a significant investor in the Glenmore Australian Equities Fund.
| 1 Year | 3 Years3 | 5 Years3 | 7 Years3 | Inception3,4 | ||
| Total Return | Fund | 7.02% | 16.03% | 13.24% | 14.16% | 17.19% |
| Peer Group1 | 5.29% | 9.89% | 4.51% | 8.52% | 9.42% | |
| Index2 | 6.89% | 11.02% | 8.10% | 8.47% | 8.88% | |
| Volatility | Fund | 11.90% | 14.99% | 17.98% | 21.71% | 20.19% |
| Peer Group1 | 13.56% | 11.28% | 13.33% | 17.12% | 15.76% | |
| Index2 | 9.98% | 10.63% | 12.30% | 14.90% | 13.77% | |
| 1Equity Long - Small/Mid Cap - Australia, 2ASX 200 Total Return, 3Annualised, 4Jun 2017 | ||||||
Strategy Description
The Fund prioritises absolute returns without reference to an index, investing in companies with strong cashflows and attractive valuations. If suitable investments are unavailable, it retains cash. Utilising a fundamental, research-driven process, Glenmore aims to identify undervalued securities, avoiding leverage, derivatives, or short selling. Investment decisions primarily stem from bottom-up company analysis, while macro-economic factors are also assessed in forming investment theses for individual stocks.Cumulative Performance
Core Details |
PG = Peergroup Average | ||
| APIR: | Status: | Open | |
| Peer Group: | Equity Long - Small/Mid Cap - Australia | Inception Date: | Jun 2017 |
| Strategy: | Equity Long | Style: | Blend |
| Geography: | Australia/NZ | Domicile: | Australia |
| Investors: | Wholesale | Distributions: | Annually |
| Fund Size: | AU$ 47.4m | Manager FUM: | AU$ 51m |
| Applications: | Monthly, Initial: AU$ 200,000 | Redemptions: | Monthly |
| Management Fee: | 1.20% (PG avg: 1.15%) | Performance Fee: | 20.00% (PG avg: 16.28%) |
| Buy/Sell Spread: | 0.3%/0.3% (PG avg: 0.27%/0.27%) | Hurdle: | S&P All Ordinaries Accumulation Index |
| Early Redemption Fee | No | High Water Mark: | Yes |
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Glenmore Australian Equities Fund
Performance vs Equity Long - Small/Mid Cap - Australia and ASX 200 Total Return
Since Jun 2017, the Fund has returned 17.19% p.a. vs the Peer Group's return over the same period of 9.42%. Over the past 12 months, the Fund has returned 7.02% vs the Peer Group's 5.29%. For the 3, 5, and 7 year periods, the Fund has returned 16.03%, 13.24%, and 14.16% respectively vs the Peer Group's returns of 9.89%, 4.51%, and 8.52% respectively. The Fund's returns have been delivered with a volatility of 20.19% p.a. vs the Peer Group's 15.76%.
Only seven years of data shown. Click here to view all data.
| Year | Jan % | Feb % | Mar % | Apr % | May % | Jun % | Jul % | Aug % | Sep % | Oct % | Nov % | Dec % | YTD % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.42 | -2.06 | -6.56 | 4.27 | 1.96 | NA | NA | NA | NA | NA | NA | NA | -2.30 |
| 2025 | 3.38 | -4.86 | -7.91 | 3.50 | 8.64 | 0.20 | 5.40 | 5.24 | 2.23 | 0.80 | -3.76 | -0.62 | 11.56 |
| 2024 | 1.72 | 2.48 | 4.98 | -0.96 | 1.12 | 1.02 | 3.38 | -3.70 | 6.38 | 0.01 | 5.14 | -1.99 | 20.84 |
| 2023 | 6.49 | -3.45 | -6.15 | 3.01 | -6.42 | 1.42 | 5.79 | 1.96 | -1.97 | -7.43 | 8.14 | 10.47 | 10.31 |
| 2022 | -7.62 | -1.12 | 12.52 | 3.07 | -4.11 | -12.59 | 9.78 | 5.18 | -8.24 | 5.57 | 3.61 | -2.93 | -0.11 |
| 2021 | 0.53 | -1.61 | 1.34 | 7.05 | 1.00 | 6.15 | 3.21 | 10.38 | 0.74 | 0.65 | 0.51 | 4.13 | 39.07 |
| 2020 | 3.05 | -9.44 | -29.34 | 16.63 | 9.64 | 1.43 | 1.41 | 11.52 | 0.54 | 1.66 | 10.37 | 3.96 | 13.43 |
| 2019 | 2.84 | 9.77 | 2.72 | 6.88 | 2.54 | 5.21 | 7.71 | -0.76 | 2.60 | -1.07 | -1.65 | -1.67 | 40.29 |
| 2018 | 3.47 | -0.30 | -2.80 | 0.04 | 4.68 | 4.01 | 1.35 | 5.94 | -0.46 | -8.70 | -2.06 | -3.26 | 0.97 |
| 2017 | NA | NA | NA | NA | NA | 1.29 | 1.52 | 7.03 | 3.05 | 5.32 | 3.81 | 3.66 | 28.54 |
Notes:
The performance fee will only be accrued if the Fund meets the following three conditions: The Fund outperforms the Hurdle, the Fund makes up any underperformance from prior Performance Period(s) and the Fund return is positive.
| 1 Year | 3 Years | 5 Years | 7 Years | Inception | ||
| Total Return | Fund | 7.02% | 16.03% | 13.24% | 14.16% | 17.19% |
| Peer Group | 5.29% | 9.89% | 4.51% | 8.52% | 9.42% | |
| Index2 | 6.89% | 11.02% | 8.10% | 8.47% | 8.88% | |
| Volatility | Fund | 11.90% | 14.99% | 17.98% | 21.71% | 20.19% |
| Peer Group | 13.56% | 11.28% | 13.33% | 17.12% | 15.76% | |
| Index | 9.98% | 10.63% | 12.30% | 14.90% | 13.77% | |
| Sharpe | Fund | 0.32 | 0.80 | 0.62 | 0.62 | 0.79 |
| Peer Group | 0.17 | 0.54 | 0.18 | 0.44 | 0.52 | |
| Index | 0.34 | 0.66 | 0.46 | 0.47 | 0.54 | |
| Sortino | Fund | 0.36 | 1.19 | 0.82 | 0.72 | 1.00 |
| Peer Group | 0.13 | 0.68 | 0.15 | 0.47 | 0.60 | |
| Index | 0.36 | 0.91 | 0.58 | 0.53 | 0.64 | |
| Largest Drawdown | Fund | -12.10% | -12.39% | -16.18% | -36.91% | -36.91% |
| Peer Group | -14.17% | -14.17% | -23.29% | -29.83% | -29.83% | |
| Index | -7.15% | -7.19% | -11.90% | -26.75% | -26.75% |
Return in Index's 10 Best & 10 Worst Months %
Return in Index's 10 Best & 10 Worst Months %
Annualised Return vs Standard Deviation
Glenmore Australian Equities Fund - Annualised Return vs. Standard Deviation
Please view https://fundmonitors.com/disclaimer.php for the full disclaimer. The content is updated monthly and only the current version should be used.
Glenmore Australian Equities Fund
Annual Returns
Annual Returns %
Drawdown
Drawdown%
Service Providers
| Trustee/RE: | Glenmore Asset Management Pty Ltd |
| Custodian: | Certane CT |
| Administrator: | Apex Fund Services |
| Auditor: | Pitcher Partners |
| Legal: | Hall & Wilcox |
| Prime Broker: | N/A |
Available on Investment Platforms
Netwealth, OLIVIA123
Key Staff
Robert Gregory
Portfolio Manager
Years in industry: 23, Years at Firm: 10
Rushil Paiva
Senior Equity Analyst
Years at Firm: 2
About AFM's Fund Reviews and Star Ratings
AFM's proprietary Star Rating system provides a quantitative ranking of performance and risk of funds in its peer group relative to similar funds. Funds must have a minimum 1 year track record.
Star Ratings for Performance reflects annualised return. Risk is a combination of downside deviation, maximum drawdown and longest drawdown, which are allocated in reverse.
| AFM Star Rating | Relative performance band compared to funds in the same Peer Group |
|---|---|
| ★ ★ ★ ★ ★ | Premium: The fund is in the top 10% of all funds in its peer group. |
| ★ ★ ★ ★ ☆ | Top Quartile: The fund ranges between 75 and 90% of all funds in its peer group. |
| ★ ★ ★ ☆ ☆ | Second Quartile: The fund ranges between 50 and 75% of all funds in its peer group. |
| ★ ★ ☆ ☆ ☆ | Third Quartile: The fund ranges between 25 and 50% of all funds in its peer group. |
| ★ ☆ ☆ ☆ ☆ | Fourth Quartile: The fund is in the lowest 25% of all funds in its peer group. |
All performances, rankings and Star Ratings are updated monthly. Past performance does not guarantee future performance.
Copyright
This report is produced and owned by Australian Fund Monitors Pty Ltd and the contents are Copyright 2025. Distribution is limited to those parties with a current Distribution Licence.
Disclaimer
The information in this report, including financial returns, strategies, and other content (collectively referred to as "Content") has been prepared and issued by Australian Fund Monitors Pty Limited (A.C.N. 122 226 724, AFSL 324476) otherwise referred to as AFM. The information and content herein is designed for holders of an Australian Financial Services Licence or for Wholesale or Sophisticated investors, and does not constitute personal financial advice, and is for general information purposes only. Users of this report or any Content of AFM's websites (the "Websites") should not act or make any financial decision without first seeking professional advice. Whilst the Content has been prepared with all reasonable care from sources which we believe are reliable, no responsibility or liability is accepted by AFM for any errors or omissions or misstatements contained herein.