DRAFT
Fund Review
Argonaut Global Gold Fund
Performance as at Aug 2026
Argonaut Funds Management is an investor in the Australian resources sector, headquartered in Western Australia. Operating two focused resource funds, it is part of Argonaut Group, which possesses diverse investment capabilities in the Australia/Asian region. The funds are independently managed with robust governance protocols by a knowledgeable team. Key leaders include Head of Funds Management David Franklyn, Director Glen Colgan, and Chief Financial Officer Alison Thompson.
| 1 Year | 3 Years3 | 5 Years3 | 7 Years3 | Inception3,4 | ||
| Total Return | Fund | 85.60% | 47.92% | N/A | N/A | 41.34% |
| Peer Group1 | 14.66% | 13.86% | N/A | N/A | 13.16% | |
| Index2 | 26.99% | 12.06% | N/A | N/A | 11.11% | |
| Volatility | Fund | 42.47% | 30.94% | N/A | N/A | 29.59% |
| Peer Group1 | 9.17% | 7.23% | N/A | N/A | 6.70% | |
| Index2 | 12.59% | 16.73% | N/A | N/A | 16.47% | |
| 1Equity Alternative - Global, 2S&P Global Natural Resources Index AUD (TR), 3Annualised, 4Nov 2022 | ||||||
Strategy Description
The Fund focuses on global investments in gold and precious metals, utilising equities, debt, royalties, streaming, and physical exchange-traded funds. At least 50% of its funds under management are allocated to gold and listed gold equities. The investment strategy employs a three-step evaluation: assessing market conditions, reviewing macro and geopolitical risks impacting the gold market, and conducting company evaluations using Argonaut's "Five Bricks" analysis, which considers management, valuation, business strength, financial strength, and responsible investing.Cumulative Performance
Core Details |
PG = Peergroup Average | ||
| APIR: | ARG0308AU | Status: | Open |
| Peer Group: | Equity Alternative - Global | Inception Date: | Nov 2022 |
| Strategy: | Equity Long/Short | Style: | Growth |
| Geography: | Global | Domicile: | Australia |
| Investors: | Wholesale | Distributions: | Annually |
| Fund Size: | AU$ 30.95m | Manager FUM: | AU$ 123.34m |
| Applications: | Monthly, Initial: AU$ 50,000 | Redemptions: | Monthly |
| Management Fee: | 1.50% (PG avg: 1.45%) | Performance Fee: | 20.00% (PG avg: 14.05%) |
| Buy/Sell Spread: | 0%/0% (PG avg: 0.13%/0.13%) | Hurdle: | above the S&P ASX 300 RES return over the 12-month period between 1 July and 30 June |
| Early Redemption Fee | No | High Water Mark: | Yes |
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Argonaut Global Gold Fund
Performance vs Equity Alternative - Global and S&P Global Natural Resources Index AUD (TR)
Since Nov 2022, the Fund has returned 41.34% p.a. vs the Peer Group's return over the same period of 13.16%. Over the past 12 months, the fund has returned 85.6% vs the peer group's 14.66%. For the 3-year period, the fund has returned 47.92% vs the Peer Group's return of 13.86%. The fund's returns have been delivered with a volatility of 29.59% p.a. vs the Peer Group's 6.7%.
| Year | Jan % | Feb % | Mar % | Apr % | May % | Jun % | Jul % | Aug % | Sep % | Oct % | Nov % | Dec % | YTD % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 24.71 | 13.29 | -15.75 | -6.32 | 13.97 | -10.78 | 1.12 | 15.40 | NA | NA | NA | NA | 32.31 |
| 2025 | 8.80 | 3.60 | 12.90 | 2.27 | 8.10 | 0.15 | -4.30 | 16.00 | 21.15 | -2.30 | 7.56 | 10.18 | 119.41 |
| 2024 | -4.80 | -7.90 | 9.16 | 1.81 | 5.00 | -4.90 | 7.80 | -2.80 | 2.80 | 10.80 | -4.40 | -5.90 | 4.47 |
| 2023 | 7.20 | -10.80 | 13.96 | 6.18 | -5.22 | -4.27 | 3.10 | 4.90 | -0.52 | 6.30 | 3.30 | -2.30 | 21.18 |
| 2022 | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | 1.10 | 1.38 | 2.50 |
| 1 Year | 3 Years | 5 Years | 7 Years | Inception | ||
| Total Return | Fund | 85.60% | 47.92% | N/A | N/A | 41.34% |
| Peer Group | 14.66% | 13.86% | N/A | N/A | 13.16% | |
| Index2 | 26.99% | 12.06% | N/A | N/A | 11.11% | |
| Volatility | Fund | 42.47% | 30.94% | N/A | N/A | 29.59% |
| Peer Group | 9.17% | 7.23% | N/A | N/A | 6.70% | |
| Index | 12.59% | 16.73% | N/A | N/A | 16.47% | |
| Sharpe | Fund | 1.61 | 1.30 | N/A | N/A | 1.20 |
| Peer Group | 1.12 | 1.28 | N/A | N/A | 1.30 | |
| Index | 1.66 | 0.52 | N/A | N/A | 0.48 | |
| Sortino | Fund | 2.86 | 2.42 | N/A | N/A | 2.12 |
| Peer Group | 1.53 | 1.98 | N/A | N/A | 2.06 | |
| Index | 3.53 | 0.76 | N/A | N/A | 0.66 | |
| Largest Drawdown | Fund | -21.07% | -21.07% | N/A | N/A | -21.07% |
| Peer Group | -5.26% | -5.26% | N/A | N/A | -5.26% | |
| Index | -7.84% | -14.87% | N/A | N/A | -14.87% |
Return in Index's 10 Best & 10 Worst Months %
Return in Index's 10 Best & 10 Worst Months %
Annualised Return vs Standard Deviation
Argonaut Global Gold 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.
Argonaut Global Gold Fund
Annual Returns
Annual Returns %
Drawdown
Drawdown%
Service Providers
| Trustee/RE: | Argonaut Funds Management Pty Ltd (ACN 101 152 863) |
| Custodian: | Certane Group Pty Ltd |
| Administrator: | Argonaut Funds Management Pty Ltd (ACN 101 152 863) |
| Auditor: | Hall Chadwick |
| Legal: | Steinepreis Paganin |
| Prime Broker: | N/A |
Available on Investment Platforms
OLIVIA123
Key Staff
David Franklyn
Head of Funds Management and Fund Manager of Argonaut Natural Resources Fund
Years in industry: 32, Years at Firm: 8
Glen Colgan
Director of Argonaut Funds Management, Executive Director and Desk Manager of Argonaut Securities
Years in industry: 37, Years at Firm: 21
Dr. Dianmin Chen
Investment Committee Member, Special Consultant
Years in industry: 42, Years at Firm: 12
Cameron Prunster
Investment Committee Member
Years at Firm: 16
Kevin Tyndall
Head of Risk, Compliance & Business Support
Years in industry: 32, Years at Firm: 6
Marilyn Noakes
Senior Accountant
Years in industry: 16, Years at Firm: 9
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.