News
Performance Report: Quay Global Real Estate Fund (Unhedged)
27 Jun 2022 - FundMonitors.com
The Quay Global Real Estate Fund (Unhedged) returned -4.69% in May. The fund has a track record of 6 years and 5 months and has outperformed the index since inception in January 2016, providing investors with an annualised return of 7.75%...
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27 Jun 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 5 months and has outperformed the BBAREIT Index since inception in January 2016, providing investors with an annualised return of 7.75% compared with the index's return of 6.52% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 6 years and 5 months since its inception. Over the past 12 months, the fund's largest drawdown was -12.51% vs the index's -11.14%, and since inception in January 2016 the fund's largest drawdown was -19.68% vs the index's maximum drawdown over the same period of -23.56%. The fund's maximum drawdown began in February 2020 and lasted 1 year and 4 months, reaching its lowest point during September 2020. The fund had completely recovered its losses by June 2021. The Manager has delivered these returns with 0.65% 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 0.6 since inception. The fund has provided positive monthly returns 71% 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 63% and a down-capture ratio of 60%. |
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Performance Report: Laureola Australia Feeder Fund
24 Jun 2022 - FundMonitors.com
The Laureola Master Fund returned -0.35% in May, an outperformance of +0.54% compared with the Bloomberg AusBond Composite 0+ Yr Index which fell by -0.89%. The fund has outperformed the index since inception in May 2013, providing...
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24 Jun 2022 - Performance Report: Laureola Australia Feeder Fund
By: FundMonitors.com
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| Fund Overview | Life Settlements are resold life insurance policies and can be thought of as a form of finance extended to an individual backed by the person's life insurance policy. This financing is repaid upon maturity by collecting the death benefit from the insurance company. Risk mitigation measures implemented by Laureola include science-driven due diligence of policies, active monitoring of insured through a vertically integrated operation, and investor aligned fund design. |
| Manager Comments | The Laureola Master Fund has a track record of 9 years and 1 month and has outperformed the Bloomberg AusBond Composite 0+ Yr Index since inception in May 2013, providing investors with an annualised return of 14.15% compared with the index's return of 2.58% over the same period. On a calendar year basis, the fund hasn't experienced any negative annual returns in the 9 years and 1 month since its inception. Over the past 12 months, the fund's largest drawdown was -2.39% vs the index's -10.81%, and since inception in May 2013 the fund's largest drawdown was -4.9% vs the index's maximum drawdown over the same period of -11.09%. The fund's maximum drawdown began in December 2018 and lasted 10 months, reaching its lowest point during December 2018. The fund had completely recovered its losses by October 2019. During this period, the index's maximum drawdown was -0.98%. The Manager has delivered these returns with 1.83% more volatility than the index, contributing to a Sharpe ratio which has only fallen below 1 once over the past five years and which currently sits at 2.25 since inception. The fund has provided positive monthly returns 97% of the time in rising markets and 89% of the time during periods of market decline, contributing to an up-capture ratio since inception of 160% and a down-capture ratio of -189%. |
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Fund Review: Bennelong Kardinia Absolute Return Fund May 2022
24 Jun 2022 - FundMonitors.com
The latest Fund Review for the Bennelong Kardinia Absolute Return Fund is now available. The Fund, which has been in operation for more than 10 years, has a long-biased, research driven, active equity long/short strategy and invests in...
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24 Jun 2022 - Fund Review: Bennelong Kardinia Absolute Return Fund May 2022
By: FundMonitors.com
AFM Fund Review - May 2022 (pdf format)
BENNELONG KARDINIA ABSOLUTE RETURN FUND
Attached is our most recently updated Fund Review. You are also able to view the Fund's Profile.
- The Fund is long biased, research driven, active equity long/short strategy investing in listed ASX companies.
- The Fund has significantly outperformed the ASX200 Accumulation Index since its inception in May 2006 and also has significantly lower risk KPIs. The Fund has an annualised return of 7.69% p.a. with a volatility of 7.72%, compared to the ASX200 Accumulation's return of 6.42% p.a. with a volatility of 14.13%.
- The Fund also has a strong focus on capital protection in negative markets. Portfolio Managers Kristiaan Rehder and Stuart Larke have significant market experience, while Bennelong Funds Management provide infrastructure, operational, compliance and distribution capabilities.
For further details on the Fund, please do not hesitate to contact us.
AFM Fund Review - May 2022 (pdf format)
Fund Review: Bennelong Twenty20 Australian Equities Fund May 2022
23 Jun 2022 - FundMonitors.com
The latest Fund Review on Bennelong Twenty20 Australian Equities Fund is now available. The Fund invests in ASX listed stocks, combining an indexed position in the Top 20 stocks with an actively managed portfolio of ex-20 stocks.
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23 Jun 2022 - Fund Review: Bennelong Twenty20 Australian Equities Fund May 2022
By: FundMonitors.com
AFM Fund Review - May 2022 (pdf format)
BENNELONG TWENTY20 AUSTRALIAN EQUITIES FUND
Attached is our most recently updated Fund Review on the Bennelong Twenty20 Australian Equities Fund.
- The Bennelong Twenty20 Australian Equities Fund invests in ASX listed stocks, combining an indexed position in the Top 20 stocks with an actively managed portfolio of stocks outside the Top 20. Construction of the ex-top 20 portfolio is fundamental, bottom-up, core investment style, biased to quality stocks, with a structured risk management approach.
- Mark East, the Fund's Chief Investment Officer, and Keith Kwang, Director of Quantitative Research have over 50 years combined market experience. Bennelong Funds Management (BFM) provides the investment manager, Bennelong Australian Equity Partners (BAEP) with infrastructure, operational, compliance and distribution services.
For further details on the Fund, please do not hesitate to contact us.
AFM Fund Review - May 2022 (pdf format)
Performance Report: Insync Global Quality Equity Fund
23 Jun 2022 - FundMonitors.com
The Insync Global Quality Equity Fund returned -3.4% in May. The fund has outperformed the Global Equity Index since inception in October 2009, providing investors with an annualised return of 11.84% compared with the index's return of...
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23 Jun 2022 - Performance Report: Insync Global Quality Equity 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. 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 Quality Equity Fund has a track record of 12 years and 8 months and has outperformed the Global Equity Index since inception in October 2009, providing investors with an annualised return of 11.84% compared with the index's return of 10.71% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 12 years and 8 months since its inception. Over the past 12 months, the fund's largest drawdown was -24.82% vs the index's -11.86%, and since inception in October 2009 the fund's largest drawdown was -24.82% vs the index's maximum drawdown over the same period of -13.59%. The fund's maximum drawdown began in January 2022 and has lasted 4 months, reaching its lowest point during May 2022. During this period, the index's maximum drawdown was -11.86%. 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 0.83 since inception. The fund has provided positive monthly returns 82% of the time in rising markets and 20% of the time during periods of market decline, contributing to an up-capture ratio since inception of 83% and a down-capture ratio of 86%. |
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Performance Report: Insync Global Capital Aware Fund
22 Jun 2022 - FundMonitors.com
The Insync Global Capital Aware Fund returned -4.1% in May. The fund has a track record of 12 years and 8 months and has underperformed the Global Equity Index since inception in October 2009, providing investors with an annualised return...
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22 Jun 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 12 years and 8 months and has underperformed the Global Equity Index since inception in October 2009, providing investors with an annualised return of 9.89% compared with the index's return of 10.71% 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 8 months since its inception. Over the past 12 months, the fund's largest drawdown was -25.39% vs the index's -11.86%, and since inception in October 2009 the fund's largest drawdown was -25.39% vs the index's maximum drawdown over the same period of -13.59%. The fund's maximum drawdown began in January 2022 and has lasted 4 months, reaching its lowest point during May 2022. During this period, the index's maximum drawdown was -11.86%. The Manager has delivered these returns with 0.9% 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 0.72 since inception. The fund has provided positive monthly returns 81% of the time in rising markets and 22% of the time during periods of market decline, contributing to an up-capture ratio since inception of 59% and a down-capture ratio of 82%. |
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Performance Report: L1 Capital Long Short Fund (Monthly Class)
21 Jun 2022 - FundMonitors.com
The L1 Capital Long Short Fund (Monthly Class) rose by +0.1% in May, an outperformance of +2.7% compared with the ASX 200 Total Return Index which fell by -2.6%. The fund has outperformed the index since inception in September 2014,...
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21 Jun 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 7 years and 9 months and has outperformed the ASX 200 Total Return Index since inception in September 2014, providing investors with an annualised return of 23.53% compared with the index's return of 7.57% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 7 years and 9 months since its inception. Over the past 12 months, the fund's largest drawdown was -7.21% vs the index's -6.35%, 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 6.36% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 two times over the past five years and which currently sits at 1.09 since inception. The fund has provided positive monthly returns 79% of the time in rising markets and 66% of the time during periods of market decline, contributing to an up-capture ratio since inception of 93% and a down-capture ratio of -2%. |
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Performance Report: Bennelong Twenty20 Australian Equities Fund
20 Jun 2022 - FundMonitors.com
The Bennelong Twenty20 Australian Equities Fund returned -6% in May. The fund has a track record of 12 years and 7 months and has outperformed the ASX 200 Total Return Index since inception in November 2009, providing investors with an...
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20 Jun 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 7 months and has outperformed the ASX 200 Total Return Index since inception in November 2009, providing investors with an annualised return of 9.96% compared with the index's return of 8.02% 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 7 months since its inception. Over the past 12 months, the fund's largest drawdown was -15.06% vs the index's -6.35%, 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 0.63% 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 0.61 since inception. The fund has provided positive monthly returns 95% 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 117% and a down-capture ratio of 98%. |
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Performance Report: DS Capital Growth Fund
17 Jun 2022 - FundMonitors.com
The DS Capital Growth Fund returned -5.54% in May. The fund has outperformed the ASX 200 Total Return Index since inception in January 2013, providing investors with an annualised return of 13.43% compared with the index's return of 9.19%...
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17 Jun 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 5 months and has outperformed the ASX 200 Total Return Index since inception in January 2013, providing investors with an annualised return of 13.43% compared with the index's return of 9.19% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 9 years and 5 months since its inception. Over the past 12 months, the fund's largest drawdown was -15.83% vs the index's -6.35%, 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 1.81% 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 1.02 since inception. The fund has provided positive monthly returns 89% of the time in rising markets and 34% of the time during periods of market decline, contributing to an up-capture ratio since inception of 66% and a down-capture ratio of 59%. |
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Performance Report: ASCF High Yield Fund
16 Jun 2022 - FundMonitors.com
The ASCF High Yield Fund rose by +0.55% in May, an outperformance of +1.44% compared with the Bloomberg AusBond Composite 0+ Yr Index which fell by -0.89%. The fund has outperformed the index since inception in March 2017, providing...
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16 Jun 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 3 months and has outperformed the Bloomberg AusBond Composite 0+ Yr Index since inception in March 2017, providing investors with an annualised return of 8.63% compared with the index's return of 1.39% over the same period. On a calendar year basis, the fund hasn't experienced any negative annual returns in the 5 years and 3 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. Over the same period, the index's largest drawdown was -10.81%. Since inception in March 2017, the fund's largest drawdown was 0% vs the index's maximum drawdown over the same period of -11.09%. The Manager has delivered these returns with 3.75% 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 23.51 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 87% and a down-capture ratio of -79%. |
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