| 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 Fund aims to produce returns after management fees and expenses of RBA Cash Rate + 4.0-5.0% p.a. over rolling five-year periods. Furthermore, the Fund aims to achieve these returns with volatility that is a fraction of the Australian equity market, in order to smooth returns for investors. |
| Manager Comments | The Fund's largest drawdown since inception of -8.77% vs the Index's -26.75%, in conjunction with its down-capture ratio (since inception) of 13.25%, demonstrates its ability to protect investors' capital when markets fall. The Fund has achieved a down-capture ratio over the past 12 months of -8.5% which indicates that, on average, the Fund rose during the market's negative months. The Fund underperformed in March as the short portfolio outperformed the long portfolio. NWQ noted this was largely due to the rotation in the market from defensive/growth companies (typically favoured for long portfolio) and into value/cyclical companies (typically favoured for short portfolio). The Fund continues to be a portfolio diversifier and an alternative to the traditional balanced fund for investors concerned about current equity and bond market valuations. |
| More Information |
