| 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 Fund is long-only with a bottom-up focus. It has a concentrated portfolio of 15-35 stocks (target 25). Maximum cash holding of 10% with an aim to be fully invested. Airlie employs a prudent investment approach that identifies companies based on their financial strength, attractive durable business characteristics and the quality of their management teams. Airlie invests in these companies when their view of their fair value exceeds the prevailing market price. It is jointly managed by Matt Williams and Emma Fisher. Matt has over 25 years' investment experience and formerly held the role of Head of Equities and Portfolio Manager at Perpetual Investments. Emma has over 8 years' investment experience and has previously worked as an investment analyst within the Australian equities team at Fidelity International and, prior to that, at Nomura Securities. |
| Manager Comments | The Airlie Australian Share Fund rose +4.18% in August, outperforming the ASX200 Accumulation Index by +1.35% and taking 12-month performance to +4.43% vs the Index's -5.08%. Since inception in June 2018, the Fund has returned +6.44% p.a. vs the Index's annualised return over the same period of +4.29%. These returns have been achieved with a similar level of volatility to the market. At month-end, the portfolio's top positions included Aristocrat Leisure, Aurizon Holdings, BHP Group, Coles Group, CBA, CSL, Macquarie Group, Mineral Resources, Origin Energy and Wesfarmers. By sector, the top three sectors were Financials (23% of the portfolio), Consumer Discretionary (14%) and Industrials (10%). The Fund ended the month with 5% in cash. Last week Australian Fund Monitors' CEO, Chris Gosselin, caught up with Matt Williams, Portfolio Manager at Airlie Funds Management, to discuss the performance of the fund throughout 2020. You can either click here to watch the video or click here to listen to the interview as a podcast. |
| More Information |
