| 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 | The Fund has achieved an up-capture ratio since inception of 262.4% which indicates that, on average, the Fund has risen more than twice as much as the market during the market's positive months. The Fund's 12-month up-capture ratio is 617.5%, highlighting its significant outperformance during the market's positive months over CY20. The Fund now holds over 45 stocks. Frazis noted many of these are growing in excess of 100%, and on a weighted average basis growing at over 80% organically. They highlight that, instead of focusing on historic financials, they focus first on consumers and the key decision points when one product or service is chosen over another. They look for explosive growth measurable in data and consider true 'customer love' and a rapidly growing and increasingly engaged userbase as the real sign of quality. Heading into 2021, Frazis remain confident the portfolio will continue to outperform. |
| More Information |
