| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months (pa) | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| 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%. |
| More Information |
