Fact Sheet
As at March 2024
As at March 2024
PURE Income & Growth Fund
APIR: PUA7226AU
Manager Summary
PURE Asset Management was founded by Mike Henshaw, Nick Berry, and Tim Callan in 2018, and now has an overall team of six investment professionals with over 100 years' combined financial markets and funds management experience. PURE manage two funds, the PURE Income & Growth Fund and the PURE Resources Fund. Both share the same investment strategy across their respective sectors.
Strategy Summary
The Fund is a specialist hybrid equity fund with an absolute return focus, investing in Australian emerging industrial companies. Investments comprise a credit facility with an attaching equity allocation in the form of warrants or options. It targets a return of 15% p.a. from a mixture of capital growth via the equity and income of 7-9% from the loan. While most investments involve ASX listed companies, PURE can invest in pre-IPO opportunities.
Key Terms
| Status: | Open | Inception Date: | Dec 2018 |
| Strategy: | Equity Income | Style: | N/A |
| Geography: | Australia/NZ | Domicile: | Australia |
| Investors: | Wholesale | Min. Investment: | AU$ 250,000 |
| Distributions: | Quarterly | Applications: | Monthly |
| Fund Size: | AU$ 113.2m | Management Fee: | 1.60% |
| Manager FUM: | AU$ 230.3m | Performance Fee: | 20.00% |
Key Statistics
| Fund | Index* | Fund | Index* | ||
| Mar 2024: | 0.63% | 3.50% | Sharpe1: | 0.80 | 0.33 |
| 1 Year: | 5.07% | 20.45% | Sortino1: | 1.88 | 0.31 |
| 3 Years1,2: | 0.70% | 1.66% | Best Month1: | 15.89% | 12.78% |
| 5 Years1,2: | 10.64% | 4.90% | Worst Month1: | -5.71% | -23.32% |
| Inception1,2: | 10.39% | 6.17% | Volatility1,2: | 11.21% | 20.56% |
| Up-Capture1: | 11% | N/A | Down-Capture1: | -26% | N/A |
Cumulative Returns Fund Index
PURE Income & Growth Fund - Cumulative Performance vs S&P/ASX Small Industrials TR Index
Drawdowns Fund Index
Drawdown%
Fund Index
Quintile Ranking vs. Equity Alternative - Australia Peer Group (124 funds) as at March 2024
1 Year
3 Year
5 Year
7 Year
PURE Income & Growth Fund
ASX200 Total Return
Quintile Rankings display Key Performance Indicators (KPI's) against the fund's Peer Group. Each green square ranks the fund in one quintile (or 20%) of its peer group - five green squares indicate the fund is in the best quintile for each KPI. The performance of the peer group's underlying index is shown by a red dot.