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| Fund Overview | The Fund is managed as one portfolio but comprises and combines two separately managed exposures: 1. An investment in the top 20 stocks of the markets, which the Fund achieves by taking an indexed position in the S&P/ASX 20 Index; and 2. An investment in the stocks beyond the S&P/ASX 20 Index. This exposure is managed on an active basis using a fundamental core approach. The Fund may also invest in securities expected to be listed on the ASX, securities listed or expected to be listed on other exchanges where such securities relate to ASX-listed securities.Derivative instruments may be used to replicate underlying positions and hedge market and company specific risks. The companies within the portfolio are primarily selected from, but not limited to, the S&P/ASX 300 Accumulation Index. The Fund typically holds between 40-55 stocks and thus is considered to be highly concentrated. This means that investors should expect to see high short-term volatility. The Fund seeks to achieve growth over the long-term, therefore the minimum suggested investment timeframe is 5 years. |
| Manager Comments | At month end, the portfolio's weightings had been increased in the Discretionary, Communication, IT and Industrials sectors, and increased in Health Care, Materials, REITs and Financials. Together with positions in the top 20 ASX listed stocks, the Fund is selectively invested in a group of high quality growth stocks. Bennelong's aim is for this to allow the Fund to outperform over time. The most significant difference in sector weightings between the portfolio and the ASX300 Accumulation Index is in the Discretionary sector; portfolio weighting: 33.1%, benchmark weighting: 8.0%. Bennelong believe the Fund is well set up to provide enhanced index returns over the long-term. |
| More Information |
