Fund Type: | Single | Discretionary/Quantitative: | Discretionary |
Strategy: | Equity Long | FUM (millions): | AU$23m |
Style: | Value | Fund Inception Date: | Since 01 April 2015 |
Geographic Mandate: | Australia | Latest Return Date: | March 2024 |
Fund Domicile: | Australia | Investor Type: | Retail |
Status: | Open | Reporting Status: | Pending |
Manager: | DMX Asset Management | Total FUM for all funds: | AU$25m |
Manager Overview:
DMX Asset Management Ltd (DMXAM) is a Sydney-based boutique asset manager focused on long term value investing.
DMXAM is a subsidiary of DMX Corporation Limited (DMX), an unlisted public company. DMX Corp is a profitable, strategic investment company, focused on undertaking high quality value investments. The directors and staff of DMX Corp own the majority of the shares in DMX Corp, and are significant investors in DMXAM's flagship fund, DMX Capital Partners Ltd. DMXAM comprises an experienced investment team of fundamental value based asset managers. The team includes Roger Collinson, Steven McCarthy, John Welsh and Simon Turner. Collectively, the team has over 50 years' experience in areas such as funds management, corporate finance, business valuation and advisory services. |
Fund/Strategy Overview:
DMX Capital Partners (DMXCP) aims to generate strong absolute returns for its shareholders over the medium and long term by investing in a concentrated portfolio of high quality, undervalued, small and micro-cap companies listed on the ASX.
The manager's investment process utilises extensive due diligence and fundamental analysis coupled with strict value based investment criteria to invest in companies with high quality earnings and/or assets, and which are believed have the potential to add meaningful value over time. DMXCP can also participate in capital raising, restructurings and recapitalisations of high quality small companies which many investors may not have the opportunity to access or participate in. DMXCP is not focused on any particular industry, will only invest in companies listed on the ASX, and has a preference for companies which have an established business, and will tend to invest in companies which have low leverage or positive cash holdings. Each investment is expected, at the time of investment, to have a market capitalisation of between $1m and $500m. No single investment is expected to comprise more than 20% of DMXCP's gross assets. |
Minimum Investment: | Minimum Additional Investment: | Minimum Term: | Investment Frequency: |
AU$10,000 | AU$2,000 | Monthly | |
Regular Savings Option: | Regular Savings Min. Amount : | Regular Savings Max. Amount : | Regular Savings Freq.: |
Redemption Notice: | Redemption Frequency: | Notes: | |
14 Days | Monthly |
Redemption notice be month end paid in... | |
Distributions: | Distribution Frequency: | Last Distribution Date: | Last Distribution Amount: |
Not known |
Offshore/Onshore: | Fund Structure: | Share Classes: | Trustee/Responsible Entity: |
Onshore | Company | AU$ | |
Administrator: | Prime Broker: | Custodian: | Legal: |
Addisons Lawyers |
Management Fee: | Performance Fee: | High Water Mark: | Hurdle: |
1% | 15% | Yes | Cumulative 30 day Bank Bill Swap Rate |
Buy Spread: | Sell spread: | Early Redemption Fee: | Fees Notes: |
0.250% | 0.250% | No |
Latest Return Date: | Latest Result: | Fund Inception Date: | Annualised Return: |
March 2024 | 1.00% | 01 April 2015 | 16.07% |
Latest 3 Months: | Latest 6 Months: | Latest 12 Months: | Latest 2 Years p.a.: |
5.14% | 4.81% | 9.11% | -2.84% |
Latest 3 Years p.a.: | Latest 4 Years p.a.: | Latest 5 Years p.a.: | Latest 7 Years p.a.: |
2.52% | 20.96% | 15.96% | 11.57% |
% Positive Months (S.I.): | Average Return: | Average +ve Return: | Average -ve Return: |
72.22% | 1.34% | 3.11% | -3.27% |
Best Month: | Worst Month: | Up Capture Ratio (S.I.): | Down Capture Ratio (S.I.): |
11.10% | -17.91% | 67.79% | 38.65% |
Largest Drawdown (S.I.): | Longest Drawdown (S.I.): | Current Drawdown (%): | Current Drawdown (Months): |
-24.82% | 29 months | -11.81% | 29 months |
Annualised Standard Deviation (S.I.): | Downside Deviation (S.I.): | Sortino Ratio (S.I.): | - |
14.60% | 9.14% | 1.47 | - |
Sharpe Ratio (12 months): | Sharpe Ratio (3 years): | Sharpe Ratio (5 years): | Sharpe Ratio (S.I.): |
0.45 | 0.10 | 0.85 | 0.99 |
Please note, Sharpe and Sortino ratios are calculated using the Australian Risk Free Rate |
AFM's Quintile Rankings show performance and Key Performance Indicators (KPI's) of DMX Capital Partners Limited compared to a peer group of funds with a similar strategy and geographic mandate. Each green square places a fund in one quintile (or 20%) of its peer group - five indicating that the fund is in the top (best) quintile for the corresponding KPI.
As a reference point the equivalent "quintile" performance of the peer group's underlying market index is also indicated by the red dot.
Historical Performance (all figures shown here are net of fees unless otherwise stated)
Year | Jan % | Feb % | Mar % | Apr % | May % | Jun % | Jul % | Aug % | Sep % | Oct % | Nov % | Dec % | YTD % |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 3.30 | 0.77 | 1.00 | N/R | N/R | N/R | N/R | N/R | N/R | N/R | N/R | N/R | 5.14 |
2023 | 1.10 | -5.20 | -4.50 | 0.50 | -3.90 | -2.30 | 8.50 | -0.90 | 2.60 | -4.90 | 4.10 | 0.70 | -5.01 |
2022 | -2.48 | -2.93 | -0.51 | -2.04 | -5.50 | -10.60 | 8.72 | 1.20 | -5.90 | 4.52 | 4.50 | 1.00 | -10.98 |
2021 | 1.02 | 3.32 | 1.17 | 3.23 | 1.10 | 0.69 | 3.96 | 2.12 | 3.80 | 5.51 | -0.84 | 0.04 | 27.99 |
2020 | 2.33 | -8.42 | -17.91 | 8.53 | 4.53 | 6.21 | 10.09 | 8.67 | 6.52 | 11.10 | 7.86 | 2.24 | 44.72 |
2019 | 0.12 | -0.01 | -1.62 | 3.75 | 3.01 | 0.42 | 7.48 | -0.89 | 3.28 | 4.57 | 3.00 | 0.14 | 25.43 |
2018 | 0.45 | -1.63 | 0.01 | -1.17 | 0.31 | -0.21 | 1.02 | 4.11 | 1.60 | -3.44 | -2.83 | 2.47 | 0.44 |
2017 | 0.89 | -0.82 | 1.79 | -0.74 | -1.99 | 0.21 | 1.07 | 1.21 | 0.82 | 3.49 | -0.27 | -0.06 | 5.64 |
2016 | -3.59 | 1.32 | 2.05 | 2.05 | 2.14 | 0.02 | 5.39 | 7.06 | 2.16 | 1.06 | 1.52 | 0.32 | 23.29 |
2015 | N/R | N/R | N/R | 0.20 | 9.45 | 1.10 | 6.52 | 1.97 | 9.71 | 0.96 | 3.57 | 2.47 | 41.57 |
Historical Financial Year Performance (all figures shown here are are percentage per month net of fees unless otherwise stated)
Year | Jul % | Aug % | Sep % | Oct % | Nov % | Dec % | Jan % | Feb % | Mar % | Apr % | May % | Jun % | FYTD % |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023/2024 | 8.50 | -0.90 | 2.60 | -4.90 | 4.10 | 0.70 | 3.30 | 0.77 | 1.00 | N/A | N/A | N/A | 15.63 |
2022/2023 | 8.72 | 1.20 | -5.90 | 4.52 | 4.50 | 1.00 | 1.10 | -5.20 | -4.50 | 0.50 | -3.90 | -2.30 | -1.36 |
2021/2022 | 3.96 | 2.12 | 3.80 | 5.51 | -0.84 | 0.04 | -2.48 | -2.93 | -0.51 | -2.04 | -5.50 | -10.60 | -10.10 |
2020/2021 | 10.09 | 8.67 | 6.52 | 11.10 | 7.86 | 2.24 | 1.02 | 3.32 | 1.17 | 3.23 | 1.10 | 0.69 | 73.25 |
2019/2020 | 7.48 | -0.89 | 3.28 | 4.57 | 3.00 | 0.14 | 2.33 | -8.42 | -17.91 | 8.53 | 4.53 | 6.21 | 9.99 |
2018/2019 | 1.02 | 4.11 | 1.60 | -3.44 | -2.83 | 2.47 | 0.12 | -0.01 | -1.62 | 3.75 | 3.01 | 0.42 | 8.60 |
2017/2018 | 1.07 | 1.21 | 0.82 | 3.49 | -0.27 | -0.06 | 0.45 | -1.63 | 0.01 | -1.17 | 0.31 | -0.21 | 4.01 |
2016/2017 | 5.39 | 7.06 | 2.16 | 1.06 | 1.52 | 0.32 | 0.89 | -0.82 | 1.79 | -0.74 | -1.99 | 0.21 | 17.79 |
2015/2016 | 6.52 | 1.97 | 9.71 | 0.96 | 3.57 | 2.47 | -3.59 | 1.32 | 2.05 | 2.05 | 2.14 | 0.02 | 32.70 |
2014/2015 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.20 | 9.45 | 1.10 | 10.88 |