News
Performance Report: Airlie Australian Share Fund
24 Oct 2022 - FundMonitors.com
The Airlie Australian Share Fund returned -5.76% in September, an outperformance of +0.41% compared with the ASX 200 Total Return Index which fell by -6.17%. The fund has outperformed the index since inception in June 2018, providing...
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24 Oct 2022 - Performance Report: Airlie Australian Share Fund
By: FundMonitors.com
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| Fund Overview | The Fund is long-only with a bottom-up focus. It has a concentrated portfolio of 15-35 stocks (target 25). The fund has a maximum cash holding of 10% with an aim to be fully invested. Airlie employs a prudent investment approach that identifies companies based on their financial strength, attractive durable business characteristics and the quality of their management teams. Airlie invests in these companies when their view of their fair value exceeds the prevailing market price. It is jointly managed by Matt Williams and Emma Fisher. Matt has over 25 years' investment experience and formerly held the role of Head of Equities and Portfolio Manager at Perpetual Investments. Emma has over 8 years' investment experience and has previously worked as an investment analyst within the Australian equities team at Fidelity International and, prior to that, at Nomura Securities. |
| Manager Comments | The Airlie Australian Share Fund has a track record of 4 years and 4 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 June 2018, providing investors with an annualised return of 8.37% compared with the index's return of 5.79% over the same period. On a calendar year basis, the fund hasn't experienced any negative annual returns in the 4 years and 4 months since its inception. Over the past 12 months, the fund's largest drawdown was -16.29% vs the index's -11.9%, and since inception in June 2018 the fund's largest drawdown was -23.8% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in February 2020 and lasted 9 months, reaching its lowest point during March 2020. The fund had completely recovered its losses by November 2020. The Manager has delivered these returns with 0.02% less volatility than the index, contributing to a Sharpe ratio which has fallen below 1 four times over the past four years and which currently sits at 0.53 since inception. The fund has provided positive monthly returns 97% of the time in rising markets and 11% of the time during periods of market decline, contributing to an up-capture ratio since inception of 111% and a down-capture ratio of 97%. |
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Performance Report: Insync Global Capital Aware Fund
20 Oct 2022 - FundMonitors.com
The Insync Global Capital Aware Fund has a track record of 13 years and has returned +9.16% per annum since inception in October 2009.
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20 Oct 2022 - Performance Report: Insync Global Capital Aware Fund
By: FundMonitors.com
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| Fund Overview | Insync invests in a concentrated portfolio of high quality companies that possess long 'runways' of future growth benefitting from Megatrends. Megatrends are multiyear structural and disruptive changes that transform the way we live our daily lives and result from a convergence of different underlying trends including innovation, politics, demographics, social attitudes and lifestyles. They provide important tailwinds to individual stocks and sectors, that reside within them. Insync believe this delivers exponential earnings growth ahead of market expectations. The fund uses Put Options to help buffer the depth and duration that sharp, severe negative market impacts would otherwide have on the value of the fund during these events. Insync screens the universe of 40,000 listed global companies to just 150 that it views as superior. This includes profitability, balance sheet performance, shareholder focus and valuations. 20-40 companies are then chosen for the portfolio. These reflect the best outcomes from further analysis using a proprietary DCF valuation, implied growth modelling, and free cash flow yield; alongside management, competitor, and industry scrutiny. The Fund may hold some cash (maximum of 5%), derivatives, currency contracts for hedging purposes, and American and/or Global Depository Receipts. It is however, for all intents and purposes, a 'long-only' fund, remaining fully invested irrespective of market cycles. |
| Manager Comments | The Insync Global Capital Aware Fund has a track record of 13 years and has underperformed the Global Equity Index since inception in October 2009, providing investors with an annualised return of 9.16% compared with the index's return of 10.04% over the same period. On a calendar year basis, the fund has experienced a negative annual return on 2 occasions in the 13 years since its inception. Over the past 12 months, the fund's largest drawdown was -29.45% vs the index's -15.77%, and since inception in October 2009 the fund's largest drawdown was -29.45% vs the index's maximum drawdown over the same period of -15.77%. The fund's maximum drawdown began in January 2022 and has lasted 8 months, reaching its lowest point during September 2022. The Manager has delivered these returns with 0.95% 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 0.65 since inception. The fund has provided positive monthly returns 81% of the time in rising markets and 21% of the time during periods of market decline, contributing to an up-capture ratio since inception of 60% and a down-capture ratio of 85%. |
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Performance Report: Collins St Value Fund
19 Oct 2022 - FundMonitors.com
The Collins St Value Fund has a track record of 6 years and 8 months and has outperformed the ASX 200 Total Return Index since inception in February 2016, providing investors with an annualised return of 13.63% compared with the index's...
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19 Oct 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 8 months and has outperformed the ASX 200 Total Return Index since inception in February 2016, providing investors with an annualised return of 13.63% compared with the index's return of 8.32% over the same period. On a calendar year basis, the fund hasn't experienced any negative annual returns in the 6 years and 8 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 3.92% 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 0.74 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 76% and a down-capture ratio of 55%. |
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Performance Report: Cyan C3G Fund
18 Oct 2022 - FundMonitors.com
The Cyan C3G Fund outperformed the ASX Small Ordinaries Total Return Index by +2.8% in September, returning -8.4% vs the index's -11.2%. The fund has outperformed the index since inception in August 2014, providing investors with an...
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18 Oct 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 2 months and has outperformed the ASX Small Ordinaries Total Return Index since inception in August 2014, providing investors with an annualised return of 6.11% compared with the index's return of 5.04% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 8 years and 2 months since its inception. Over the past 12 months, the fund's largest drawdown was -45.18% 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 lasted 10 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 1.08% 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 0.35 since inception. The fund has provided positive monthly returns 84% 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 60% and a down-capture ratio of 83%. |
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Performance Report: Bennelong Twenty20 Australian Equities Fund
18 Oct 2022 - FundMonitors.com
The Bennelong Twenty20 Australian Equities Fund returned -6.58% in September. The fund has outperformed the ASX 200 Total Return Index since inception in November 2009, providing investors with an annualised return of 9% compared with the...
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18 Oct 2022 - Performance Report: Bennelong Twenty20 Australian Equities Fund
By: FundMonitors.com
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| Manager Comments | The Bennelong Twenty20 Australian Equities Fund has a track record of 12 years and 11 months and has outperformed the ASX 200 Total Return Index since inception in November 2009, providing investors with an annualised return of 9% compared with the index's return of 7.07% over the same period. On a calendar year basis, the fund has experienced a negative annual return on 2 occasions in the 12 years and 11 months since its inception. Over the past 12 months, the fund's largest drawdown was -21.68% vs the index's -11.9%, and since inception in November 2009 the fund's largest drawdown was -26.09% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in February 2020 and lasted 9 months, reaching its lowest point during March 2020. The fund had completely recovered its losses by November 2020. The Manager has delivered these returns with 0.71% 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 0.53 since inception. The fund has provided positive monthly returns 94% of the time in rising markets and 7% of the time during periods of market decline, contributing to an up-capture ratio since inception of 118% and a down-capture ratio of 99%. |
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Performance Report: Quay Global Real Estate Fund (Unhedged)
17 Oct 2022 - FundMonitors.com
The Quay Global Real Estate Fund (Unhedged) returned -6.46% in September. Since inception in January 2016, the fund has returned +5.45% per annum.
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17 Oct 2022 - Performance Report: Quay Global Real Estate Fund (Unhedged)
By: FundMonitors.com
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| Fund Overview | The Fund will invest in a number of global listed real estate companies, groups or funds. The investment strategy is to make investments in real estate securities at a price that will deliver a real, after inflation, total return of 5% per annum (before costs and fees), inclusive of distributions over a longer-term period. The Investment Strategy is indifferent to the constraints of any index benchmarks and is relatively concentrated in its number of investments. The Fund is expected to own between 20 and 40 securities, and from time to time up to 20% of the portfolio maybe invested in cash. The Fund is $A un-hedged. |
| Manager Comments | The Quay Global Real Estate Fund (Unhedged) has a track record of 6 years and 9 months and has underperformed the BBAREIT Index since inception in January 2016, providing investors with an annualised return of 5.45% compared with the index's return of 5.62% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 6 years and 9 months since its inception. Over the past 12 months, the fund's largest drawdown was -22.45% vs the index's -10.31%, and since inception in January 2016 the fund's largest drawdown was -22.45% vs the index's maximum drawdown over the same period of -23.56%. The fund's maximum drawdown began in January 2022 and has lasted 8 months, reaching its lowest point during September 2022. During this period, the index's maximum drawdown was -20.63%. The Manager has delivered these returns with 1.53% 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 0.4 since inception. The fund has provided positive monthly returns 72% of the time in rising markets and 32% of the time during periods of market decline, contributing to an up-capture ratio since inception of 68% and a down-capture ratio of 78%. |
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Performance Report: Bennelong Emerging Companies Fund
17 Oct 2022 - FundMonitors.com
The Bennelong Emerging Companies Fund returned -4.21% in September, an outperformance of +1.96% compared with the ASX 200 Total Return Index which fell by -6.17%. The fund has outperformed the index since inception in November 2017,...
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17 Oct 2022 - Performance Report: Bennelong Emerging Companies Fund
By: FundMonitors.com
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| Manager Comments | The Bennelong Emerging Companies Fund has a track record of 4 years and 11 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 November 2017, providing investors with an annualised return of 16.49% compared with the index's return of 6.03% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 4 years and 11 months since its inception. Over the past 12 months, the fund's largest drawdown was -31.43% vs the index's -11.9%, and since inception in November 2017 the fund's largest drawdown was -41.74% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in December 2019 and lasted 10 months, reaching its lowest point during March 2020. The fund had completely recovered its losses by October 2020. The Manager has delivered these returns with 14.68% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 four times over the past four years and which currently sits at 0.64 since inception. The fund has provided positive monthly returns 79% of the time in rising markets and 30% of the time during periods of market decline, contributing to an up-capture ratio since inception of 275% and a down-capture ratio of 121%. |
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Performance Report: Bennelong Concentrated Australian Equities Fund
14 Oct 2022 - FundMonitors.com
The Bennelong Concentrated Australian Equities Fund returned -8.28% in September. The fund has outperformed the ASX 200 Total Return Index since inception in February 2009, providing investors with an annualised return of 13.34% compared...
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14 Oct 2022 - Performance Report: Bennelong Concentrated Australian Equities Fund
By: FundMonitors.com
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| Manager Comments | The Bennelong Concentrated Australian Equities Fund has a track record of 13 years and 8 months and has outperformed the ASX 200 Total Return Index since inception in February 2009, providing investors with an annualised return of 13.34% compared with the index's return of 9.12% over the same period. On a calendar year basis, the fund has experienced a negative annual return on 2 occasions in the 13 years and 8 months since its inception. Over the past 12 months, the fund's largest drawdown was -31.81% vs the index's -11.9%, and since inception in February 2009 the fund's largest drawdown was -31.81% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in December 2021 and has lasted 9 months, reaching its lowest point during September 2022. During this period, the index's maximum drawdown was -11.9%. The Manager has delivered these returns with 2.06% more volatility than the index, contributing to a Sharpe ratio for performance over the past 12 months of -1.76 and for performance since inception of 0.74. The fund has provided positive monthly returns 89% of the time in rising markets and 18% of the time during periods of market decline, contributing to an up-capture ratio since inception of 140% and a down-capture ratio of 97%. |
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Performance Report: L1 Capital Long Short Fund (Monthly Class)
13 Oct 2022 - FundMonitors.com
The L1 Capital Long Short Fund (Monthly Class) returned -7.8% in September. The fund has outperformed the ASX 200 Total Return Index since inception in September 2014, providing investors with an annualised return of 19.22% compared with...
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13 Oct 2022 - Performance Report: L1 Capital Long Short Fund (Monthly Class)
By: FundMonitors.com
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| Manager Comments | The L1 Capital Long Short Fund (Monthly Class) has a track record of 8 years and 1 month and has outperformed the ASX 200 Total Return Index since inception in September 2014, providing investors with an annualised return of 19.22% compared with the index's return of 6.08% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 8 years and 1 month since its inception. Over the past 12 months, the fund's largest drawdown was -19.5% vs the index's -11.9%, and since inception in September 2014 the fund's largest drawdown was -39.11% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in February 2018 and lasted 2 years and 9 months, reaching its lowest point during March 2020. The fund had completely recovered its losses by November 2020. The Manager has delivered these returns with 6.67% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 four times over the past five years and which currently sits at 0.88 since inception. The fund has provided positive monthly returns 78% of the time in rising markets and 62% of the time during periods of market decline, contributing to an up-capture ratio since inception of 87% and a down-capture ratio of 27%. |
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Performance Report: Bennelong Long Short Equity Fund
13 Oct 2022 - FundMonitors.com
The Bennelong Long Short Equity Fund returned -3.22% in September, an outperformance of +2.95% compared with the ASX 200 Total Return Index which fell by -6.17%. The fund has outperformed the index since inception in February 2002,...
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13 Oct 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 8 months and has outperformed the ASX 200 Total Return Index since inception in February 2002, providing investors with an annualised return of 12.63% compared with the index's return of 7.57% 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 8 months since its inception. Over the past 12 months, the fund's largest drawdown was -19.27% 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 lasted 2 years, 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 0.4% 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 0.73 since inception. The fund has provided positive monthly returns 64% 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 5% and a down-capture ratio of -113%. |
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