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| Latest Return | |
| Latest 6 Months | |
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| FUM (millions) | |
| Fund Overview | The overriding objective of the Concentrated Australian Equities Fund is to seek investment opportunities which are under-appreciated and have the potential to deliver positive earnings, while satisfying our stringent quality criteria. Bennelong's investment process combines bottom-up fundamental analysis together with proprietary investment tools which are used to build and maintain high quality portfolios that are risk aware. The portfolio typically consists of 20-35 high-conviction stocks from the S&P/ASX 300 Index. The Fund may invest in securities listed on other exchanges where such securities relate to ASX-listed securities. Derivative instruments are mainly used to replicate underlying positions and hedge market and company specific risks. |
| Manager Comments | Over the past 12 months, the fund's volatility has been 10.62% compared with the index's volatility of 10.43%. Since inception the fund's volatility has been 14.95% vs the index's volatility of 13.63%. The fund's Sortino ratio (which excludes volatility in positive months) vs the index has ranged from a maximum of 16.81 over the most recent 12 months, to a low of 0.77 over the past 3 years. Since inception the fund's Sortino ratio has been 1.44 vs the index's 0.81. Since inception in the months when the market was positive the fund provided positive returns 92% of the time. Over all other time periods its best result has been 100% over 2 years. It has an up-capture ratio ranging between 153.31% (since inception) and 109.55% (3 years), and over the most recent 12 months has provided an up-capture ratio of 123.87%. |
| More Information |
