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| 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 | As at the end of August, the portfolio's weightings had been increased in the Discretionary and IT sectors, and decreased in the Health Care, Consumer Staples, Materials, REIT's, Industrials and Financial sectors. The portfolio is significantly more heavily weighted towards the Discretionary and Health Care sectors, with 'Active Weightings' of 25.3% and 12% respectively; the portfolio's weighting towards the Discretionary sector is 32.9% vs the Index's 7.7%, and 32.9% for the Health Care sector vs the Index's 11.8%. |
| More Information |
