Performance Report: Bennelong Concentrated Australian Equities Fund

20 Aug 2020 - Australian Fund Monitors

The Bennelong Concentrated Australian Equities Fund rose +2.20% in July ,outperforming the ASX200 Accumulation Index by +1.70% and taking 12-month performance to +6.85% versus the Index's -9.87%. Since inception in February 2009, the Fund...

20 Aug 2020 - Performance Report: Bennelong Concentrated Australian Equities Fund

By: Australian Fund Monitors

Report Date	20 August 2020
Manager	Bennelong Australian Equity Partners (BAEP), a Bennelong boutique
Fund Name	Bennelong Concentrated Australian Equities Fund
Strategy	Equity Long
Latest Return Date	July 2020
Latest Return	2.20%
Latest 6 Months	-7.33%
Latest 12 Months	6.85%
Latest 24 Months (pa)	1.44%
Annualised Since Inception	15.55%
Inception Date	30 January 2009
FUM (millions)	AU$902.32
Fund Overview	Bennelong Australian Equity Partners (BAEP) is a boutique asset manager offering Australian equities solutions for institutional and retail clients. The business was founded in 2008 by Paul Cuddy and Mark East, in partnership with Bennelong Funds Management. Prior to establishing BAEP, Paul and Mark were Co-Heads of Australian Equities at ING Investment Management. The overriding objective of the Concentrated Australian Equities Fund is to seek investment opportunities which are under-appreciated and have the potential to deliver positive earnings, while satisfying our stringent quality criteria. Bennelong's investment process combines bottom-up fundamental analysis together with proprietary investment tools which are used to build and maintain high quality portfolios that are risk aware. The portfolio typically consists of 20-35 high-conviction stocks from the S&P/ASX 300 Index. The Fund may invest in securities listed on other exchanges where such securities relate to ASX-listed securities. Derivative instruments are mainly used to replicate underlying positions and hedge market and company specific risks.
Manager Comments	The Bennelong Concentrated Australian Equities Fund rose +2.20% in July ,outperforming the ASX200 Accumulation Index by +1.70% and taking 12-month performance to +6.85% versus the Index's -9.87%. Since inception in February 2009, the Fund has returned +15.55% p.a. against the Index's annualised return over the same period of +9.24%. The Fund's up-capture and down-capture ratios for performance since inception, 144.21% and 91.76% respectively, indicate that, on average, the Fund has outperformed in both rising and falling markets. As at the end of July, the portfolio's weightings had been increased in the Health Care, Materials, Consumer Staples, IT, REIT's, Industrials and Financials sectors. The portfolio is significantly more heavily weighted towards the Discretionary sector than the Benchmark (ASX300 Accumulation Index), with an 'Active Weight' of 20.8%. It is also significantly underweight the Financials sector by comparison with the Benchmark, with an 'Active Weight' of -22.1%. The Fund aims to invest in a concentrated portfolio of high quality companies with strong growth outlooks, underestimated earnings momentum and underestimated prospects. By comparison with the Benchmark, the portfolio's holdings, on average, have a higher return on equity, lower debt/equity, higher sales growth, higher EPS growth, higher price/earnings and lower dividend yield which together indicate that the Fund is in line with its investment objectives.
More Information	View Fund's Profile View Manager's Report

Retail REITs Still Look Cheap

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19 Aug 2020 - Australian Fund Monitors

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19 Aug 2020 - New Funds on Fundmonitors.com

By: Australian Fund Monitors

New Funds on Fundmonitors.com

Below are some of the funds we've recently added to our database. Follow the links to view each fund's profile, where you'll have access to their offer documents, monthly reports, historical returns, performance analytics, rankings, research, platform availability, and news & insights.

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Strategy: Real Estate
Geographic mandate: Australia
Investor type: Wholesale

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Geographic mandate: Global
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Inception date: May 2010
Strategy: Equity Long
Geographic mandate: Australia
Investor type: Wholesale & Retail

Minimum initial investment: AU$10,000
Distributions: Quarterly
Management fee: 1%
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Nikko AM Australian Share Income Fund

Inception date: November 2008
Strategy: Equity Long
Geographic mandate: Australia
Investor type: Wholesale & Retail

Minimum initial investment: AU$10,000
Distributions: Quarterly
Management fee: 0.85%
Performance fee: Nil

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Inception date: March 1995
Strategy: Equity Long
Geographic mandate: Australia
Investor type: Wholesale & Retail

Minimum initial investment: AU$10,000
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Performance fee: Nil

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Geographic mandate: Asia ex-Japan
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6 Aug 2020 - New Funds on Fundmonitors.com

By: Australian Fund Monitors

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Altor Alpha Fund

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Investor type: Wholesale

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Inception date: May 2020
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Inception date: June 2020
Strategy: Multi Strategy
Geographic mandate: Global
Investor type: Wholesale & Retail

Minimum initial investment: AU$25,000
Distributions: Annually
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Inception date: July 2020
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Minimum initial investment: AU$50,000
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Minimum initial investment: AU$20,000
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Will the US Dollar Become Another Casualty of COVID-19?

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20 Aug 2020 - Performance Report: Bennelong Concentrated Australian Equities Fund

20 Aug 2020 - Retail REITs Still Look Cheap

19 Aug 2020 - New Funds on Fundmonitors.com

17 Aug 2020 - Introduction to the L1 Capital U.K. Residential Property Fund IV

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12 Aug 2020 - Australian House Prices: How Worried Should We Be?

11 Aug 2020 - 5 Factors to Consider When Assessing Company Results

6 Aug 2020 - New Funds on Fundmonitors.com

4 Aug 2020 - Will the US Dollar Become Another Casualty of COVID-19?

24 Jul 2020 - Manager Insights | Spatium Capital

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