| 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 investment team looks for industrial businesses that are simple to understand; they generally avoid large caps, pure mining, biotech and start-ups. They also look for: - Access to management; - Businesses with a competitive edge; - Profitable companies with good margins, organic growth prospects, strong market position and a track record of healthy dividend growth; - Sectors with structural advantage and barriers to entry; - 15% p.a. pre-tax compound return on each holding; and - A history of stable and predictable cash flows that DS Capital can understand and value. |
| Manager Comments | The Fund's Sharpe and Sortino ratios (since inception), 1.23 and 1.83 respectively, by contrast with the Index's Sharpe of 0.57 and Sortino of 0.69, highlight its capacity to achieve superior risk-adjusted returns while avoiding the market's downside volatility. The Fund's capacity to outperform in negative markets is demonstrated by its down-capture ratio (since inception) of 45% which indicates that, on average, the Fund has fallen less than half as much as the market during the market's negative months. |
| More Information |
