| 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 managers of the fund intend to maintain a concentrated portfolio of investments in ASX listed companies that they have investigated and consider to be undervalued. They will assess the attractiveness of potential investments using a number of common industry based measures, a proprietary in-house model and by speaking with management, industry experts and competitors. Once the managers form a view that an investment offers sufficient upside potential relative to the downside risk, the fund will seek to make an investment. If no appropriate investment can be identified the managers are prepared to hold cash and wait for the right opportunities to present themselves. |
| Manager Comments | The Fund has achieved up-capture and down-capture ratios over the past 36 months of 126.86% and -71.73%. This indicates that, on average, the Fund has risen more than the index during the market's positive months while falling approximately 70% as much as the market during the market's negative months. In the past 3 months the fund has made a number of major changes to the portfolio. These include increasing their position in National Tyre & Wheel, becoming a substantial shareholder in Retail Food Group, taking a substantial position in Redflex Holdings and reducing their exposure to Uranium. |
| More Information |
