| 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's up-capture ratio (since inception) of 308.8% indicates that, on average, the Fund has risen more than three times as much as the market during the market's positive months, while the Fund's Sortino ratio (since inception) of 1.35 vs the Index's 1.19 highlights its capacity to avoid the market's downside volatility over the long-term. Frazis noted higher rates have obvious consequences for growth assets, however, they believe the recent retracement has as much to do with overextended valuations and sentiment as macro factors. As rates continue to rise, Frazis expect multiples to continue to compress. The recent reporting season suggests the Fund's holdings remain on track, though Frazis did close a small number that didn't prove up to scratch. |
| More Information |
