| Fund Type: | Single | Discretionary/Quantitative: |
Discretionary |
| Strategy: | Equity Long | FUM (millions): | AU$198m |
| Style: | Value | Fund Inception Date: | Since 05 February 2016 |
| Geographic Mandate: | Australia | Latest Return Date: | March 2024 |
| Fund Domicile: | Australia | Investor Type: | Wholesale |
| Status: | Open | Reporting Status: | Current |
| Manager: | Collins St Asset Management | Total FUM for all funds: | AU$372.1m |
|
Manager Overview:
Collins St Asset Management (CSAM) is a boutique funds management business established in 2015 that focuses on identifying undervalued investment opportunities. CSAM manages five funds - the Collins St Value Fund (est. 2016), the Collins St Convertible Notes Fund (2022), the Collins St Special Situations Fund (2021), the single purpose GPI Private Equity Fund (2022) and the Collins St Special Situations Fund No.2 (2023). The directors of CSAM are Vasilios Piperoglou and Michael Goldberg.
Vasilios is a founder, Executive Director and Investment Manager for the Collins Street Value Fund. Prior to founding the fund, Vas managed equity portfolios for wholesale clients at a boutique wealth manager in Melbourne - where he was a Portfolio Manager from 2010 to 2014. Additionally, Vas has managed a private equity portfolio for over 10 years. Vasilios is RG146 certified in securities and margin lending and is certified to provide financial advice by the Investment Banking Institute. Michael is a founder, Executive Director and Investment Manager of the fund. Prior to founding the fund, Michael was a senior portfolio manager at a Melbourne based boutique wealth manager. While in his previous role, Michael was the lead portfolio adviser to some of Australia's largest family offices and high net worth individuals. Michael studied Banking & Finance, and Management at Monash University (2003), is RG146 compliant in Securities, Superannuation, and Geared Investments, and is certified to provide financial advice. |
Fund/Strategy Overview:
The Collins St Value Fund is an index unaware fund which aims to provide strong investment returns over the medium and long term, with capital preservation a priority.
The Manager aims to create and maintain a concentrated portfolio of ASX listed companies that they have researched and which they consider are 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 Manager forms 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. |
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| Other funds operated by manager: | |||
| Collins St Convertible Notes Fund | |||
| Minimum Investment: | Minimum Additional Investment: | Minimum Term: | Investment Frequency: |
| AU$250,000 | AU$50,000 | Monthly | |
| Regular Savings Option: | Regular Savings Min. Amount : |
Regular Savings Max. Amount : |
Regular Savings Freq.: |
| No | N/A | ||
| Redemption Notice: | Redemption Frequency: | Notes: | |
| Monthly |
|||
| Distributions: | Distribution Frequency: | Last Distribution Date: | Last Distribution Amount: |
| Yes | Annually | 30 June 2019 | AU$ |
| Offshore/Onshore: | Fund Structure: | Share Classes: |
Trustee/Responsible Entity: |
| Onshore | Unit Trust | AU$ | Collins St Asset Management Pty Ltd |
| Administrator: | Prime Broker: | Custodian: | Legal: |
| Apex | N/A | Sandhurst | Hall & Wilcox, Axial Advisory. |
| Management Fee: |
Performance Fee: |
High Water Mark: |
Hurdle: |
| 0% | 25% | Yes | 10 Year Australian Government Bond Rate (cumulative, reset every 2 years) |
| Buy Spread: | Sell spread: | Early Redemption Fee: | Fees Notes: |
| 0.500% | 0.500% | Yes | Cost recoveries are also applicable,... |
| Latest Return Date: | Latest Result: | Fund Inception Date: | Annualised Return: |
| March 2024 | 4.85% | 05 February 2016 | 13.74% |
| Latest 3 Months: | Latest 6 Months: | Latest 12 Months: | Latest 2 Years p.a.: |
| -3.39% | 9.61% | 13.07% | -1.17% |
| Latest 3 Years p.a.: |
Latest 4 Years p.a.: |
Latest 5 Years p.a.: |
Latest 7 Years p.a.: |
| 7.30% | 22.49% | 13.77% | 12.09% |
| % Positive Months (S.I.): |
Average Return: | Average +ve Return: | Average -ve Return: |
| 72.45% | 1.21% | 3.50% | -4.99% |
| Best Month: | Worst Month: | Up Capture Ratio (S.I.): |
Down Capture Ratio (S.I.): |
| 12.87% | -15.85% | 66.38% | 59.16% |
| Largest Drawdown (S.I.): |
Longest Drawdown (S.I.): |
Current Drawdown (%): |
Current Drawdown (Months): |
| -27.46% | 19 months | -3.39% | 3 months |
| Annualised Standard Deviation (S.I.): |
Downside Deviation (S.I.): |
Sortino Ratio (S.I.): |
- |
| 17.61% | 11.69% | 0.98 | - |
| Sharpe Ratio (12 months): |
Sharpe Ratio (3 years): |
Sharpe Ratio (5 years): |
Sharpe Ratio (S.I.): |
| 0.57 | 0.39 | 0.68 | 0.74 |
| 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 Collins St Value Fund 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 | -3.38 | -4.64 | 4.85 | N/R | N/R | N/R | N/R | N/R | N/R | N/R | N/R | N/R | -3.39 |
| 2023 | 1.36 | -2.10 | 0.38 | 0.42 | -6.11 | 1.10 | 6.49 | -0.30 | 1.93 | -2.46 | 4.11 | 11.73 | 16.58 |
| 2022 | 1.67 | 1.32 | 3.39 | 0.36 | -3.66 | -8.04 | 5.23 | -2.13 | -12.59 | 4.36 | 3.82 | 0.00 | -7.64 |
| 2021 | 3.33 | 1.02 | 1.29 | 1.10 | 4.66 | 5.96 | 0.24 | -1.51 | 6.87 | 1.69 | -5.40 | 4.36 | 25.55 |
| 2020 | 5.83 | -13.80 | -15.85 | 12.87 | 12.62 | -2.44 | 2.85 | 6.73 | 2.66 | 0.96 | 10.77 | 10.30 | 32.34 |
| 2019 | 4.30 | -1.51 | 10.88 | 0.75 | -5.84 | 3.12 | 1.29 | 0.39 | 8.24 | 4.34 | 3.85 | -5.48 | 25.62 |
| 2018 | 1.70 | -4.40 | 1.66 | -1.24 | 0.42 | 1.53 | 1.69 | 1.56 | -1.96 | -10.58 | 6.68 | 4.31 | 0.27 |
| 2017 | 0.57 | 0.46 | 1.75 | 0.12 | -7.07 | 6.13 | 4.72 | 0.12 | 1.83 | -4.95 | -0.27 | 2.21 | 5.00 |
| 2016 | N/R | 2.09 | 1.06 | 0.73 | 1.88 | -2.00 | 6.86 | 4.74 | 1.16 | 5.06 | 0.51 | 0.89 | 25.14 |
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 | 6.49 | -0.30 | 1.93 | -2.46 | 4.11 | 11.73 | -3.38 | -4.64 | 4.85 | N/A | N/A | N/A | 18.62 |
| 2022/2023 | 5.23 | -2.13 | -12.59 | 4.36 | 3.82 | 0.00 | 1.36 | -2.10 | 0.38 | 0.42 | -6.11 | 1.10 | -7.39 |
| 2021/2022 | 0.24 | -1.51 | 6.87 | 1.69 | -5.40 | 4.36 | 1.67 | 1.32 | 3.39 | 0.36 | -3.66 | -8.04 | 0.29 |
| 2020/2021 | 2.85 | 6.73 | 2.66 | 0.96 | 10.77 | 10.30 | 3.33 | 1.02 | 1.29 | 1.10 | 4.66 | 5.96 | 64.78 |
| 2019/2020 | 1.29 | 0.39 | 8.24 | 4.34 | 3.85 | -5.48 | 5.83 | -13.80 | -15.85 | 12.87 | 12.62 | -2.44 | 7.32 |
| 2018/2019 | 1.69 | 1.56 | -1.96 | -10.58 | 6.68 | 4.31 | 4.30 | -1.51 | 10.88 | 0.75 | -5.84 | 3.12 | 12.28 |
| 2017/2018 | 4.72 | 0.12 | 1.83 | -4.95 | -0.27 | 2.21 | 1.70 | -4.40 | 1.66 | -1.24 | 0.42 | 1.53 | 2.95 |
| 2016/2017 | 6.86 | 4.74 | 1.16 | 5.06 | 0.51 | 0.89 | 0.57 | 0.46 | 1.75 | 0.12 | -7.07 | 6.13 | 22.44 |
| 2015/2016 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 2.09 | 1.06 | 0.73 | 1.88 | -2.00 | 3.75 |
