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Performance Report: Altor AltFi Income Fund
30 Nov 2022 - FundMonitors.com
The Altor AltFi Income Fund rose by +0.62% in October. The fund has outperformed the RBA Cash Rate + 5% Index since inception in April 2018, providing investors with an annualised return of 11.41% compared with the index's return of 5.77%...
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30 Nov 2022 - Performance Report: Altor AltFi Income Fund
By: FundMonitors.com
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| Fund Overview | The fund is managed by Altor Credit Partners. The investment committee comprises Harley Dalton and Ben Harrison. |
| Manager Comments | The Altor AltFi Income Fund has a track record of 4 years and 7 months and therefore comparison over all market conditions and against its peers is limited. However, the fund has outperformed the RBA Cash Rate + 5% Index since inception in April 2018, providing investors with an annualised return of 11.41% compared with the index's return of 5.77% over the same period. On a calendar year basis, the fund hasn't experienced any negative annual returns in the 4 years and 7 months since its inception. Over the past 12 months, the fund hasn't had any negative monthly returns and therefore hasn't experienced a drawdown. Since inception in April 2018, the fund's largest drawdown was -0.03%. The fund's maximum drawdown began in March 2020 and lasted only 1 month, with the fund having completely recovered its losses by April 2020. |
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Performance Report: PURE Resources Fund
29 Nov 2022 - FundMonitors.com
The PURE Resources Fund rose by +1% in October. The fund has outperformed the S&P/ASX 300 Total Return Index since inception in May 2021, providing investors with an annualised return of 10.38% compared with the index's return of 2.53%...
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29 Nov 2022 - Performance Report: PURE Resources Fund
By: FundMonitors.com
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| Manager Comments | The PURE Resources Fund has a track record of 1 year and 6 months and therefore comparison over all market conditions and against its peers is limited. However, the fund has outperformed the S&P/ASX 300 Total Return Index since inception in May 2021, providing investors with an annualised return of 10.38% compared with the index's return of 2.53% over the same period. Over the past 12 months, the fund's largest drawdown was -3.9% vs the index's -12.23%, and since inception in May 2021 the fund's largest drawdown was -3.9% vs the index's maximum drawdown over the same period of -12.23%. The fund's maximum drawdown began in September 2022 and has so far only lasted 1 month. During this period, the index's maximum drawdown was -11.82%. The Manager has delivered these returns with 7.62% less volatility than the index, contributing to a Sharpe ratio for performance over the past 12 months of 1.54 and for performance since inception of 1.35. The fund has provided positive monthly returns 73% of the time in rising markets and 71% of the time during periods of market decline, contributing to an up-capture ratio since inception of 31% and a down-capture ratio of -15%. |
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Performance Report: Cyan C3G Fund
29 Nov 2022 - FundMonitors.com
The Cyan C3G Fund rose by +2.04% in October. The fund has outperformed the ASX Small Ordinaries Total Return Index since inception in August 2014, providing investors with an annualised return of 6.31% compared with the index's return of...
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29 Nov 2022 - Performance Report: Cyan C3G Fund
By: FundMonitors.com
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| Fund Overview | Cyan C3G Fund is based on the investment philosophy which can be defined as a comprehensive, clear and considered process focused on delivering growth. These are identified through stringent filter criteria and a rigorous research process. The Manager uses a proprietary stock filter in order to eliminate a large proportion of investments due to both internal characteristics (such as gearing levels or cash flow) and external characteristics (such as exposure to commodity prices or customer concentration). Typically, the Fund looks for businesses that fit one or more of the following criteria: a) under researched, b) fundamentally undervalued, c) have a catalyst for re-rating. The Manager seeks to achieve this investment outcome by actively managing a portfolio of Australian listed securities. When the opportunity to invest in suitable securities cannot be found, the manager may reduce the level of equities exposure and accumulate a defensive cash position. Whilst it is the company's intention, there is no guarantee that any distributions or returns will be declared, or that if declared, the amount of any returns will remain constant or increase over time. The Fund does not invest in derivatives and does not use debt to leverage performance. However, companies in which the Fund invests may be leveraged. |
| Manager Comments | The Cyan C3G Fund has a track record of 8 years and 3 months and has outperformed the ASX Small Ordinaries Total Return Index since inception in August 2014, providing investors with an annualised return of 6.31% compared with the index's return of 5.78% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 8 years and 3 months since its inception. Over the past 12 months, the fund's largest drawdown was -44.03% vs the index's -24.12%, and since inception in August 2014 the fund's largest drawdown was -45.18% vs the index's maximum drawdown over the same period of -29.12%. The fund's maximum drawdown began in November 2021 and has so far lasted 11 months, reaching its lowest point during September 2022. During this period, the index's maximum drawdown was -24.24%. The Manager has delivered these returns with 0.96% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 five times over the past five years and which currently sits at 0.36 since inception. The fund has provided positive monthly returns 85% of the time in rising markets and 35% of the time during periods of market decline, contributing to an up-capture ratio since inception of 57% and a down-capture ratio of 83%. |
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Performance Report: DS Capital Growth Fund
29 Nov 2022 - FundMonitors.com
The DS Capital Growth Fund rose by +3.97% in October. The fund has outperformed the ASX 200 Total Return Index since inception in January 2013, providing investors with an annualised return of 12.46% compared with the index's return of...
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29 Nov 2022 - Performance Report: DS Capital Growth Fund
By: FundMonitors.com
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| Fund Overview | The investment team looks for industrial businesses that are simple to understand, generally avoiding large caps, pure mining, biotech and start-ups. They also look for: - Access to management; - Businesses with a competitive edge; - Profitable companies with good margins, organic growth prospects, strong market position and a track record of healthy dividend growth; - Sectors with structural advantage and barriers to entry; - 15% p.a. pre-tax compound return on each holding; and - A history of stable and predictable cash flows that DS Capital can understand and value. |
| Manager Comments | The DS Capital Growth Fund has a track record of 9 years and 10 months and has outperformed the ASX 200 Total Return Index since inception in January 2013, providing investors with an annualised return of 12.46% compared with the index's return of 8.46% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 9 years and 10 months since its inception. Over the past 12 months, the fund's largest drawdown was -21.56% vs the index's -11.9%, and since inception in January 2013 the fund's largest drawdown was -22.53% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in February 2020 and lasted 6 months, reaching its lowest point during March 2020. The fund had completely recovered its losses by August 2020. The Manager has delivered these returns with 1.59% less volatility than the index, contributing to a Sharpe ratio which has fallen below 1 five times over the past five years and which currently sits at 0.9 since inception. The fund has provided positive monthly returns 88% of the time in rising markets and 33% of the time during periods of market decline, contributing to an up-capture ratio since inception of 66% and a down-capture ratio of 66%. |
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Performance Report: PURE Income & Growth Fund
28 Nov 2022 - FundMonitors.com
The PURE Income & Growth Fund rose by +0.9% in October. The fund has outperformed the S&P/ASX Small Industrials TR Index since inception in December 2018, providing investors with an annualised return of 14.45% compared with the index's...
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28 Nov 2022 - Performance Report: PURE Income & Growth Fund
By: FundMonitors.com
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| Fund Overview | For fund investors, The PURE Income & Growth Fund offers a unique risk/return profile. This includes a high yield, yet retains equity exposure to successful growth stories. The Fund's superior position in the investee Company's capital structure insulates investors from capital loss. PURE targets a return of 15% per annum through the investment cycle from a mixture of Income (7-9%) and capital growth. While most investments involve ASX listed companies, the Fund's mandate retains some flexibility to capitalise on attractive pre-IPO opportunities. |
| Manager Comments | The PURE Income & Growth Fund has a track record of 3 years and 11 months and therefore comparison over all market conditions and against its peers is limited. However, the fund has outperformed the S&P/ASX Small Industrials TR Index since inception in December 2018, providing investors with an annualised return of 14.45% compared with the index's return of 3.31% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 3 years and 11 months since its inception. Over the past 12 months, the fund's largest drawdown was -3.81% vs the index's -26.59%, and since inception in December 2018 the fund's largest drawdown was -5.86% vs the index's maximum drawdown over the same period of -29.79%. The fund's maximum drawdown began in February 2020 and lasted 3 months, reaching its lowest point during March 2020. The fund had completely recovered its losses by May 2020. The Manager has delivered these returns with 9.55% less volatility than the index, contributing to a Sharpe ratio which has fallen below 1 two times over the past three years and which currently sits at 1.09 since inception. The fund has provided positive monthly returns 72% of the time in rising markets and 50% of the time during periods of market decline, contributing to an up-capture ratio since inception of 22% and a down-capture ratio of -25%. |
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Performance Report: Collins St Value Fund
28 Nov 2022 - FundMonitors.com
The Collins St Value Fund rose by +4.36% in October. The fund has outperformed the ASX 200 Total Return Index since inception in February 2016, providing investors with an annualised return of 14.17% compared with the index's return of...
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28 Nov 2022 - Performance Report: Collins St Value Fund
By: FundMonitors.com
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| 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 Collins St Value Fund has a track record of 6 years and 9 months and has outperformed the ASX 200 Total Return Index since inception in February 2016, providing investors with an annualised return of 14.17% compared with the index's return of 9.16% over the same period. On a calendar year basis, the fund hasn't experienced any negative annual returns in the 6 years and 9 months since its inception. Over the past 12 months, the fund's largest drawdown was -20.25% vs the index's -11.9%, and since inception in February 2016 the fund's largest drawdown was -27.46% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in February 2020 and lasted 7 months, reaching its lowest point during March 2020. The fund had completely recovered its losses by September 2020. The Manager has delivered these returns with 3.79% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 five times over the past five years and which currently sits at 0.77 since inception. The fund has provided positive monthly returns 83% of the time in rising markets and 61% of the time during periods of market decline, contributing to an up-capture ratio since inception of 75% and a down-capture ratio of 55%. |
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Performance Report: Bennelong Long Short Equity Fund
28 Nov 2022 - FundMonitors.com
The Bennelong Long Short Equity Fund rose by +1.87% in October. The fund has outperformed the ASX 200 Total Return Index since inception in February 2002, providing investors with an annualised return of 12.68% compared with the index's...
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28 Nov 2022 - Performance Report: Bennelong Long Short Equity Fund
By: FundMonitors.com
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| Fund Overview | In a typical environment the Fund will hold around 70 stocks comprising 35 pairs. Each pair contains one long and one short position each of which will have been thoroughly researched and are selected from the same market sector. Whilst in an ideal environment each stock's position will make a positive return, it is the relative performance of the pair that is important. As a result the Fund can make positive returns when each stock moves in the same direction provided the long position outperforms the short one in relative terms. However, if neither side of the trade is profitable, strict controls are required to ensure losses are limited. The Fund uses no derivatives and has no currency exposure. The Fund has no hard stop loss limits, instead relying on the small average position size per stock (1.5%) and per pair (3%) to limit exposure. Where practical pairs are always held within the same sector to limit cross sector risk, and positions can be held for months or years. The Bennelong Market Neutral Fund, with same strategy and liquidity is available for retail investors as a Listed Investment Company (LIC) on the ASX. |
| Manager Comments | The Bennelong Long Short Equity Fund has a track record of 20 years and 9 months and has outperformed the ASX 200 Total Return Index since inception in February 2002, providing investors with an annualised return of 12.68% compared with the index's return of 7.85% over the same period. On a calendar year basis, the fund has experienced a negative annual return on 3 occasions in the 20 years and 9 months since its inception. Over the past 12 months, the fund's largest drawdown was -19.13% vs the index's -11.9%, and since inception in February 2002 the fund's largest drawdown was -30.59% vs the index's maximum drawdown over the same period of -47.19%. The fund's maximum drawdown began in September 2020 and has so far lasted 2 years and 1 month, reaching its lowest point during June 2022. During this period, the index's maximum drawdown was -15.05%. The Manager has delivered these returns with 0.44% less volatility than the index, contributing to a Sharpe ratio which has fallen below 1 five times over the past five years and which currently sits at 0.74 since inception. The fund has provided positive monthly returns 65% of the time in rising markets and 59% of the time during periods of market decline, contributing to an up-capture ratio since inception of 4% and a down-capture ratio of -113%. |
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Performance Report: Argonaut Natural Resources Fund
25 Nov 2022 - FundMonitors.com
The Argonaut Natural Resources Fund rose by +1.83% in October. The fund has outperformed the ASX 200 Total Return Index since inception in January 2020, providing investors with an annualised return of 42.39% compared with the index's...
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25 Nov 2022 - Performance Report: Argonaut Natural Resources Fund
By: FundMonitors.com
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| Fund Overview | At times, ANRF may consider holding higher levels of cash (max 30%) if valuations are full and it is difficult to find attractive investment opportunities. The Fund does not borrow for investment or any other purposes, but it may short sell securities as part of its portfolio protection strategies. |
| Manager Comments | The Argonaut Natural Resources Fund has a track record of 2 years and 10 months and therefore comparison over all market conditions and against its peers is limited. However, the fund has outperformed the ASX 200 Total Return Index since inception in January 2020, providing investors with an annualised return of 42.39% compared with the index's return of 4.73% over the same period. On a calendar year basis, the fund hasn't experienced any negative annual returns in the 2 years and 10 months since its inception. Over the past 12 months, the fund's largest drawdown was -19.06% vs the index's -11.9%, and since inception in January 2020 the fund's largest drawdown was -19.06% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in April 2022 and has so far lasted 6 months, reaching its lowest point during June 2022. During this period, the index's maximum drawdown was -11.9%. The Manager has delivered these returns with 3.69% more volatility than the index, contributing to a Sharpe ratio for performance over the past 12 months of 1.14 and for performance since inception of 1.64. The fund has provided positive monthly returns 83% of the time in rising markets and 36% of the time during periods of market decline, contributing to an up-capture ratio since inception of 201% and a down-capture ratio of 37%. |
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Performance Report: Bennelong Kardinia Absolute Return Fund
25 Nov 2022 - FundMonitors.com
The Bennelong Kardinia Absolute Return Fund rose by +1.47% in October. The fund has outperformed the ASX 200 Total Return Index since inception in May 2006, providing investors with an annualised return of 7.77% compared with the index's...
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25 Nov 2022 - Performance Report: Bennelong Kardinia Absolute Return Fund
By: FundMonitors.com
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| Fund Overview | There is a slight bias to large cap stocks on the long side of the portfolio, although in a rising market the portfolio will tend to hold smaller caps, including resource stocks, more frequently. On the short side, the portfolio is particularly concentrated, with stock selection limited by both liquidity and the difficulty of borrowing stock in smaller cap companies. Short positions are only taken when there is a high conviction view on the specific stock. The Fund uses derivatives in a limited way, mainly selling short dated covered call options to generate additional income. These typically have less than 30 days to expiry, and are usually 5% to 10% out of the money. ASX SPI futures and index put options can be used to hedge the portfolio's overall net position. The Fund's discretionary investment strategy commences with a macro view of the economy and direction to establish the portfolio's desired market exposure. Following this detailed sector and company research is gathered from knowledge of the individual stocks in the Fund's universe, with widespread use of broker research. Company visits, presentations and discussions with management at CEO and CFO level are used wherever possible to assess management quality across a range of criteria. |
| Manager Comments | The Bennelong Kardinia Absolute Return Fund has a track record of 16 years and 6 months and has outperformed the ASX 200 Total Return Index since inception in May 2006, providing investors with an annualised return of 7.77% compared with the index's return of 6.06% over the same period. On a calendar year basis, the fund has experienced a negative annual return on 2 occasions in the 16 years and 6 months since its inception. Over the past 12 months, the fund's largest drawdown was -10.52% vs the index's -11.9%, and since inception in May 2006 the fund's largest drawdown was -11.71% vs the index's maximum drawdown over the same period of -47.19%. The fund's maximum drawdown began in June 2018 and lasted 2 years and 6 months, reaching its lowest point during December 2018. The fund had completely recovered its losses by December 2020. During this period, the index's maximum drawdown was -26.75%. The Manager has delivered these returns with 6.72% less volatility than the index, contributing to a Sharpe ratio which has fallen below 1 five times over the past five years and which currently sits at 0.66 since inception. The fund has provided positive monthly returns 87% of the time in rising markets and 33% of the time during periods of market decline, contributing to an up-capture ratio since inception of 14% and a down-capture ratio of 53%. |
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Performance Report: ASCF High Yield Fund
25 Nov 2022 - FundMonitors.com
The ASCF High Yield Fund rose by +0.54% in October, a difference of -0.39% compared with the Bloomberg AusBond Composite 0+ Yr Index which rose by +0.93%. The fund has outperformed the index since inception in March 2017, providing...
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25 Nov 2022 - Performance Report: ASCF High Yield Fund
By: FundMonitors.com
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| Fund Overview | Does not require full valuations on loans <65% LVR. Borrowing rates are from 12% per annum on 1st mortgage loans and 16% per annum on 2nd mortgage/caveat loans. Pays investors between 5.55% - 6.25% per annum depending on their investment term. |
| Manager Comments | The ASCF High Yield Fund has a track record of 5 years and 8 months and has outperformed the Bloomberg AusBond Composite 0+ Yr Index since inception in March 2017, providing investors with an annualised return of 8.47% compared with the index's return of 1.07% over the same period. On a calendar year basis, the fund hasn't experienced any negative annual returns in the 5 years and 8 months since its inception. Since inception in March 2017, the fund hasn't had any negative monthly returns and therefore hasn't experienced a drawdown. Over the same period, the index's largest drawdown was -12.97%. The Manager has delivered these returns with 4.06% less volatility than the index, contributing to a Sharpe ratio which has consistently remained above 1 over the past five years and which currently sits at 19.09 since inception. The fund has provided positive monthly returns 100% of the time in rising markets and 100% of the time during periods of market decline, contributing to an up-capture ratio since inception of 78% and a down-capture ratio of -74%. |
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