| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months (pa) | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | The manager follows a disciplined, process-driven, and thematic strategy focused on five core investment strategies: 1) Growth stocks that are really value stocks; 2) Traditional deep value; 3) The life sciences; 4) Miners and drillers expanding production into supply deficits; 5) Global special situations; The manager uses a macro overlay to manage exposure, hedging in three ways: 1) Direct shorts 2) Upside exposure to the VIX index 3) Index optionality |
| Manager Comments | Since inception in July 2018 in the months where the market was positive, the fund has provided positive returns 79% of the time, contributing to an up-capture ratio for returns since inception of 205.36%. Over all other periods, the fund's up-capture ratio has ranged from a high of 307.13% over the most recent 24 months to a low of 177.77% over the latest 12 months. An up-capture ratio greater than 100% indicates that, on average, the fund has outperformed in the market's positive months over the specified period. The fund's Sortino ratio (which excludes volatility in positive months) has ranged from a high of 4.27 for performance over the most recent 12 months to a low of 1.07 over the latest 36 months, and is 1.08 for performance since inception. By contrast, the Global Equity Index's Sortino for performance since July 2018 is 1.77. |
| More Information |
