DRAFT
Fund Review
Bennelong Emerging Companies Fund
Performance as at Aug 2026
Bennelong Australian Equity Partners (BAEP) is a boutique fund manager specialising in Australian equities, established in 2008 with Bennelong Funds Management. It adopts an active investment strategy aimed at high-quality companies with growth potential. The investment process emphasises intensive research supplemented by macro-economic and quantitative analyses. Portfolio Manager Doug Macphillamy, with two decades in the industry, plays a significant role at BAEP. An acquisition by Antipodes Partners is pending, expected Sep 2026.
| 1 Year | 3 Years3 | 5 Years3 | 7 Years3 | Inception3,4 | ||
| Total Return | Fund | -22.13% | 10.23% | 4.93% | 10.53% | 15.22% |
| Peer Group1 | -3.12% | 9.29% | 3.37% | 8.30% | 8.65% | |
| Index2 | 4.40% | 11.24% | 7.81% | 8.51% | 9.01% | |
| Volatility | Fund | 14.63% | 15.23% | 17.27% | 24.79% | 24.74% |
| Peer Group1 | 12.79% | 11.69% | 13.46% | 17.17% | 15.97% | |
| Index2 | 9.63% | 10.55% | 12.28% | 14.80% | 13.86% | |
| 1Equity Long - Small/Mid Cap - Australia, 2ASX 200 Total Return, 3Annualised, 4Oct 2017 | ||||||
Strategy Description
The Bennelong Emerging Companies Fund targets small-cap and micro-cap stocks on the ASX. Given these stocks' less prominent visibility and research, BAEP maintains a disciplined approach by concentrating on options that are perceived as higher quality and lower risk, with potential for solid growth.Cumulative Performance
Core Details |
PG = Peergroup Average | ||
| APIR: | BFL3779AU | Status: | Open |
| Peer Group: | Equity Long - Small/Mid Cap - Australia | Inception Date: | Oct 2017 |
| Strategy: | Equity Long | Style: | Growth |
| Geography: | Australia/NZ | Domicile: | Australia |
| Investors: | Retail | Distributions: | 6 Monthly |
| Fund Size: | AU$ 185.19m | Manager FUM: | AU$ 6,533.52m |
| Applications: | Daily, Initial: AU$ 10,000 | Redemptions: | Daily |
| Management Fee: | 1.26% (PG avg: 1.14%) | Performance Fee: | 20.00% (PG avg: 16.54%) |
| Buy/Sell Spread: | 0.25%/0.25% (PG avg: 0.27%/0.27%) | Hurdle: | RBA Cash Rate plus 5% |
| Early Redemption Fee | No | High Water Mark: | Yes |
Please view https://fundmonitors.com/disclaimer.php for the full disclaimer. The content is updated monthly and only the current version should be used.
Bennelong Emerging Companies Fund
Performance vs Equity Long - Small/Mid Cap - Australia and ASX 200 Total Return
Since Nov 2017, the Fund has returned 15.22% p.a. vs the Peer Group's return over the same period of 8.65%. Over the past 12 months, the Fund has returned -22.13% vs the Peer Group's -3.12%. For the 3, 5 and 7 year periods, the Fund has returned 10.23%, 4.93% and 10.53% respectively vs the Peer Group's returns of 9.29%, 3.37% and 8.3% respectively. The Fund's returns have been delivered with a volatility of 24.74% p.a. vs the Peer Group's 15.97%.
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 | 0.03 | -1.84 | -11.49 | -0.41 | -1.70 | 2.35 | -4.75 | 3.95 | NA | NA | NA | NA | -13.76 |
| 2025 | 5.68 | 0.65 | -5.35 | 3.99 | 5.54 | 1.87 | 4.23 | 6.01 | -0.80 | 2.72 | -6.79 | -4.93 | 12.31 |
| 2024 | 0.03 | 6.34 | 1.06 | -2.38 | 1.60 | 1.90 | 5.13 | 5.30 | 3.99 | 0.62 | 6.43 | -1.06 | 32.51 |
| 2023 | 7.74 | -2.26 | -0.51 | 4.12 | -2.33 | 0.52 | 4.86 | 5.33 | -3.10 | -5.58 | 6.60 | 6.99 | 23.43 |
| 2022 | -8.62 | -0.49 | 4.05 | -3.73 | -14.10 | -10.08 | 12.29 | -1.38 | -4.21 | 5.34 | 1.99 | -3.04 | -22.26 |
| 2021 | 3.58 | 4.56 | -0.24 | 5.76 | -2.54 | 1.75 | 2.57 | 5.70 | 4.06 | 1.16 | 0.70 | -2.55 | 26.93 |
| 2020 | 1.64 | -11.30 | -33.64 | 31.93 | 9.89 | 2.22 | 1.01 | 13.87 | -2.40 | 4.78 | 6.87 | 2.33 | 14.06 |
| 2019 | 5.80 | 11.79 | 2.80 | 14.03 | -1.66 | 3.44 | 9.58 | 6.80 | 9.92 | 2.61 | 2.95 | -2.62 | 86.64 |
| 2018 | -1.18 | -5.72 | -1.01 | 2.39 | 8.82 | -0.73 | 1.88 | 3.07 | 0.87 | -12.03 | -2.12 | -10.54 | -16.77 |
| 2017 | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | 11.76 | 12.91 | 26.19 |
| 1 Year | 3 Years | 5 Years | 7 Years | Inception | ||
| Total Return | Fund | -22.13% | 10.23% | 4.93% | 10.53% | 15.22% |
| Peer Group | -3.12% | 9.29% | 3.37% | 8.30% | 8.65% | |
| Index2 | 4.40% | 11.24% | 7.81% | 8.51% | 9.01% | |
| Volatility | Fund | 14.63% | 15.23% | 17.27% | 24.79% | 24.74% |
| Peer Group | 12.79% | 11.69% | 13.46% | 17.17% | 15.97% | |
| Index | 9.63% | 10.55% | 12.28% | 14.80% | 13.86% | |
| Sharpe | Fund | -1.88 | 0.45 | 0.18 | 0.44 | 0.62 |
| Peer Group | -0.49 | 0.48 | 0.08 | 0.42 | 0.47 | |
| Index | 0.09 | 0.68 | 0.42 | 0.47 | 0.54 | |
| Sortino | Fund | -1.80 | 0.54 | 0.13 | 0.45 | 0.74 |
| Peer Group | -0.62 | 0.59 | 0.01 | 0.45 | 0.53 | |
| Index | 0.05 | 0.94 | 0.52 | 0.53 | 0.64 | |
| Largest Drawdown | Fund | -26.49% | -26.49% | -31.43% | -41.74% | -41.74% |
| Peer Group | -14.55% | -14.55% | -23.27% | -29.73% | -29.73% | |
| Index | -7.15% | -7.15% | -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
Bennelong Emerging Companies 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.
Bennelong Emerging Companies Fund
Annual Returns
Annual Returns %
Drawdown
Drawdown%
Service Providers
| Trustee/RE: | Bennelong Funds Management Ltd |
| Custodian: | Citibank NA, Australia |
| Administrator: | Citigroup Pty Limited |
| Auditor: | Deloitte Touche Tohmatsu |
| Legal: | Hall & Wilcox |
| Prime Broker: | Not Applicable |
Available on Investment Platforms
North, BT Panorama, DASH, HUB24, Macquarie Wrap, Netwealth, Praemium
Key Staff
Mark East
Chief Investment Officer
Doug Macphillamy
Portfolio Manager
Years in industry: 21, Years at Firm: 7
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.