| 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 investment team looks for industrial businesses that are simple to understand; they generally avoid large caps, pure mining, biotech and start-ups. They also look for: - Access to management; - Businesses with a competitive edge; - Profitable companies with good margins, organic growth prospects, strong market position and a track record of healthy dividend growth; - Sectors with structural advantage and barriers to entry; - 15% p.a. pre-tax compound return on each holding; and - A history of stable and predictable cash flows that DS Capital can understand and value. |
| Manager Comments | The Fund's Sharpe and Sortino ratios (since inception), 1.27 and 1.92 respectively, by contrast with the Index's Sharpe of 0.63 and Sortino of 0.77, demonstrates its capacity to achieve superior risk-adjusted returns while avoiding the market's downside volatility. The Fund has achieved a down-capture ratio (since inception) of 45%, indicating that, on average, it has fallen less than half as much as the market during the market's negative months. The Fund has achieved down-capture ratios over the past 12, 24, 36, 48 and 60 months of 15.64%, 66.57%, 73.41%, 68.06% and 66.67% respectively. The Fund has outperformed the Index in all 10 of the Index's worst months since the Fund's inception. |
| More Information |
