| 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 Bennelong Australian Equities Fund seeks quality investment opportunities which are under-appreciated and have the potential to deliver positive earnings. The investment process combines bottom-up fundamental analysis with proprietary investment tools that are used to build and maintain high quality portfolios that are risk aware. The investment team manages an extensive company/industry contact program which helps identify and verify various investment opportunities. The companies within the portfolio are primarily selected from, but not limited to, the S&P/ASX 300 Index. The Fund may invest in securities listed on other exchanges where such securities relate to the ASX-listed securities. The Fund typically holds between 25-60 stocks with a maximum net targeted position of an individual stock of 6%. |
| Manager Comments | The Fund's Sharpe and Sortino ratios (since inception), 0.84 and 1.17 respectively, by contrast with the Index's Sharpe of 0.59 and Sortino of 0.73, highlight its capacity to achieve superior risk-adjusted returns while avoiding the market's downside volatility. The Fund's up-capture ratio (since inception) of 140.54% indicates that, on average, the Fund has significantly outperformed during the market's positive months. As at the end of December, the portfolio's weightings had been increased in the IT, Communication, Industrials, Materials and Financials sectors, and decreased in the Discretionary, Health Care and REIT's sectors. Relative to the ASX300 Index, the portfolio was significantly overweight the Discretionary sector (Fund weight: 42.6%, Benchmark weight: 7.7%) and underweight the Financials sector (Fund weight: -18.6%, Benchmark weight: 27.1%). |
| More Information |
