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Printed: 28 November 2024 7:43 AM

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24 May 2021 - Performance Report: Bennelong Emerging Companies Fund

By: Australian Fund Monitors

Report Date24 May 2021
ManagerBennelong Australian Equity Partners (BAEP), a Bennelong boutique
Fund NameBennelong Emerging Companies Fund
StrategyEquity Long
Latest Return DateApril 2021
Latest Return5.76%
Latest 6 Months24.98%
Latest 12 Months65.13%
Latest 24 Months (pa)32.46%
Annualised Since Inception30.74%
Inception Date01 November 2017
FUM (millions)AU$79.75
Fund OverviewThe Fund invests in ASX-listed securities of small and micro capitalised companies that are covered by the investment research capabilities of Bennelong Australian Equity Partners ('BAEP').

The Fund may invest in securities expected to be listed on the ASX within 12 months. The Fund may also invest in securities listed, or expected to be listed, on other exchanged where such securities relate to ASX-listed securities
Manager CommentsThe Bennelong Emerging Companies Fund rose +5.76% in April, outperforming the ASX200 Accumulation Index by +2.29% and taking 12-month performance to +65.13% vs the Index's +30.76%. Since inception in November 2017, the Fund has returned +30.74% p.a. vs the Index's +9.12%. The Fund has achieved an up-capture ratio (since inception) of 337.67%, indicating that, on average, it has risen more than three times as much as the market during the market's positive months. The Fund has achieved up-capture ratios over the past 12, 24 and 36 months of 193.63%, 241.75% and 302.62% respectively.

Bennelong continue to seek to invest in high quality companies that they believe have solid growth prospects over the foreseeable future. They note that, despite the market's inevitable short-term volatility, they believe the portfolio's investments are all incrementally building value which they expect will underpin strong outperformance over the long-term. The portfolio remains diversified across setor and risk-return drivers.
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