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Performance Report: Insync Global Capital Aware Fund
17 May 2022 - FundMonitors.com
The Insync Global Capital Aware Fund returned -5.2% in April. The fund has a track record of 12 years and 7 months and has underperformed the Global Equity Index since inception in October 2009, providing investors with an annualised...
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17 May 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 7 months and has underperformed the Global Equity Index since inception in October 2009, providing investors with an annualised return of 10.33% compared with the index's return of 10.9% 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 -22.2% vs the index's -10.7%, and since inception in October 2009 the fund's largest drawdown was -22.2% 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 3 months, reaching its lowest point during April 2022. During this period, the index's maximum drawdown was -10.7%. The Manager has delivered these returns with 0.83% 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 0.75 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 80%. |
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Performance Report: Bennelong Australian Equities Fund
17 May 2022 - FundMonitors.com
The Bennelong Australian Equities Fund returned -4.65% in April. The fund has a track record of 13 years and 3 months and has outperformed the ASX 200 Total Return Index since inception in February 2009, providing investors with an...
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17 May 2022 - Performance Report: Bennelong Australian Equities Fund
By: FundMonitors.com
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| Manager Comments | The Bennelong Australian Equities Fund has a track record of 13 years and 3 months and has outperformed the ASX 200 Total Return Index since inception in February 2009, providing investors with an annualised return of 13.46% compared with the index's return of 10.37% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 13 years and 3 months since its inception. Over the past 12 months, the fund's largest drawdown was -17.91% vs the index's -6.35%, and since inception in February 2009 the fund's largest drawdown was -24.32% 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 1.32% 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 0.79 since inception. The fund has provided positive monthly returns 91% 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 129% and a down-capture ratio of 97%. |
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Performance Report: Cyan C3G Fund
16 May 2022 - FundMonitors.com
The Cyan C3G Fund returned -3.7% in April. The fund has a track record of 7 years and 9 months and has outperformed the ASX Small Ordinaries Total Return Index since inception in August 2014, providing investors with an annualised return...
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16 May 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 are one or more of: 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 the Fund's performance. However, companies in which the Fund invests may be leveraged. |
| Manager Comments | The Cyan C3G Fund has a track record of 7 years and 9 months and has outperformed the ASX Small Ordinaries Total Return Index since inception in August 2014, providing investors with an annualised return of 11.51% compared with the index's return of 8.31% 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 -21.46% vs the index's -9.15%, and since inception in August 2014 the fund's largest drawdown was -36.45% vs the index's maximum drawdown over the same period of -29.12%. The fund's maximum drawdown began in October 2019 and lasted 1 year and 4 months, reaching its lowest point during March 2020. The fund had completely recovered its losses by February 2021. The Manager has delivered these returns with 0.24% 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 0.67 since inception. The fund has provided positive monthly returns 86% of the time in rising markets and 38% of the time during periods of market decline, contributing to an up-capture ratio since inception of 64% and a down-capture ratio of 66%. |
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Performance Report: L1 Capital Long Short Fund (Monthly Class)
16 May 2022 - FundMonitors.com
The L1 Capital Long Short Fund (Monthly Class) rose by +3.29% in April, an outperformance of +4.14% compared with the ASX 200 Total Return Index which fell by -0.85%. The fund has outperformed the index since inception in September 2014,...
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16 May 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 8 months and has outperformed the ASX 200 Total Return Index since inception in September 2014, providing investors with an annualised return of 23.8% compared with the index's return of 8.02% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 7 years and 8 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 6.44% 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 65% 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 Long Short Equity Fund
16 May 2022 - FundMonitors.com
The Bennelong Long Short Equity Fund returned -0.42% in April, an outperformance of +0.43% compared with the ASX 200 Total Return Index which fell by -0.85%. The fund has a track record of 20 years and 3 months and has outperformed the...
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16 May 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 3 months and has outperformed the ASX 200 Total Return Index since inception in February 2002, providing investors with an annualised return of 12.9% compared with the index's return of 8.35% 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 3 months since its inception. Over the past 12 months, the fund's largest drawdown was -21.67% vs the index's -6.35%, and since inception in February 2002 the fund's largest drawdown was -29.05% 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 1 year and 7 months, reaching its lowest point during April 2022. During this period, the index's maximum drawdown was -15.05%. The Manager has delivered these returns with 0.15% 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 0.75 since inception. The fund has provided positive monthly returns 64% 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 5% and a down-capture ratio of -127%. |
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Performance Report: Collins St Value Fund
13 May 2022 - FundMonitors.com
The Collins St Value Fund rose by +0.36% in April, an outperformance of +1.21% compared with the ASX 200 Total Return Index which fell by -0.85%. The fund has outperformed the index since inception in February 2016, providing investors...
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13 May 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 3 months and has outperformed the ASX 200 Total Return Index since inception in February 2016, providing investors with an annualised return of 18.83% compared with the index's return of 10.91% over the same period. On a calendar year basis, the fund hasn't experienced any negative annual returns in the 6 years and 3 months since its inception. Over the past 12 months, the fund's largest drawdown was -5.4% vs the index's -6.35%, 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 3.55% 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 1.03 since inception. The fund has provided positive monthly returns 84% of the time in rising markets and 68% of the time during periods of market decline, contributing to an up-capture ratio since inception of 79% and a down-capture ratio of 27%. |
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Performance Report: Bennelong Twenty20 Australian Equities Fund
13 May 2022 - FundMonitors.com
The Bennelong Twenty20 Australian Equities Fund returned -3.49% in April. The fund has a track record of 12 years and 6 months and has outperformed the ASX 200 Total Return Index since inception in November 2009, providing investors with...
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13 May 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 6 months and has outperformed the ASX 200 Total Return Index since inception in November 2009, providing investors with an annualised return of 10.58% compared with the index's return of 8.3% 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 6 months since its inception. Over the past 12 months, the fund's largest drawdown was -10.54% 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 0.52% 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 0.65 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 97%. |
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Performance Report: Bennelong Kardinia Absolute Return Fund
12 May 2022 - FundMonitors.com
The Bennelong Kardinia Absolute Return Fund returned -1.93% in April. The fund has a track record of 16 years and has outperformed the ASX 200 Total Return Index since inception in May 2006, providing investors with an annualised return of...
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12 May 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 has outperformed the ASX 200 Total Return Index since inception in May 2006, providing investors with an annualised return of 7.89% compared with the index's return of 6.63% over the same period. On a calendar year basis, the fund has experienced a negative annual return on 2 occasions in the 16 years since its inception. Over the past 12 months, the fund's largest drawdown was -7.79% vs the index's -6.35%, 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 6.44% less volatility than the index, contributing to a Sharpe ratio which has fallen below 1 three times over the past three 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 16% and a down-capture ratio of 53%. |
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Performance Report: Airlie Australian Share Fund
11 May 2022 - FundMonitors.com
The Airlie Australian Share Fund returned -0.9% in April, performing in line with the ASX 200 Total Return Index which fell by -0.85%. The fund has outperformed the ASX 200 Total Return Index since inception in June 2018, providing...
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11 May 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 3 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 June 2018, providing investors with an annualised return of 12.32% compared with the index's return of 9.57% over the same period. On a calendar year basis, the fund hasn't experienced any negative annual returns in the 3 years and 11 months since its inception. Over the past 12 months, the fund's largest drawdown was -6.79% vs the index's -6.35%, 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 0.5% less volatility than the index, contributing to a Sharpe ratio which has only fallen below 1 once over the past three years and which currently sits at 0.79 since inception. The fund has provided positive monthly returns 97% of the time in rising markets and 13% of the time during periods of market decline, contributing to an up-capture ratio since inception of 106% and a down-capture ratio of 92%. |
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Performance Report: ASCF High Yield Fund
11 May 2022 - FundMonitors.com
The ASCF High Yield Fund rose by +0.54% in April, an outperformance of +2.03% compared with the Bloomberg AusBond Composite 0+ Yr Index which fell by -1.49%. The fund has outperformed the index since inception in March 2017, providing...
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11 May 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 2 months and has outperformed the Bloomberg AusBond Composite 0+ Yr Index since inception in March 2017, providing investors with an annualised return of 8.66% compared with the index's return of 1.59% over the same period. On a calendar year basis, the fund hasn't experienced any negative annual returns in the 5 years and 2 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 -10.02%. Since inception in March 2017, the fund's largest drawdown was 0% vs the index's maximum drawdown over the same period of -10.29%. The Manager has delivered these returns with 3.76% 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 23.64 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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