AFM Fund Profile — Yarra Emerging Leaders Fund

Fund & Manager Details

Key Facts

Fund Type: Single Discretionary/Quantitative: Discretionary
Strategy: Equity Long FUM (millions): AU$71.4m
Style: Blend Fund Inception Date: Since 01 September 1997
Geographic Mandate: Australia Latest Return Date: May 2022
Fund Domicile: Australia Investor Type: Wholesale & Retail
Status: Open Reporting Status: Current

Manager Details and Fund Description

Manager: Yarra Capital Management Total FUM for all funds: AU$6,700m
Manager Overview:
Yarra Capital Management was established in 2007 following the management buyout of Goldman Sachs Asset Management's Australian-focused investment capabilities and operating platform, backed by TA Associates, a global growth private equity firm with a long history of investing in funds management companies.

The firm is led by the senior management team comprising Dion Hershan (Managing Director and Head of Australian Equities), Katie Hudson (Portfolio Manager and Head of Australian Equities Research), Roy Keenan (Head of Australian Fixed Income) and Brett Davidson (Chief Operating Officer). Dion, Katie, Roy and Brett lead a team of more than 35 professionals focused on delivering the best outcomes for the firm's institutional and retail clients. The investment team comprises 15 investment professionals with an average 14 years' industry experience.
Fund/Strategy Overview:
The Yarra Emerging Leaders Fund offers investors exposure to small and medium-sized companies listed on the ASX, applying a differentiated investment approach to unlock potential in the small and mid-cap universe. Yarra aim to outperform the Emerging Leaders benchmark over rolling three-year periods.

The portfolio contains between 30 and 55 stocks listed on the Emerging Leaders benchmark, selected based on a fundamental, long-term and balanced investment approach.
Other funds operated by manager:
Yarra Australian Bond Fund, Yarra Australian Equities Fund, Yarra Enhanced Income Fund, Yarra Income Plus Fund

Investment Details

Investment Terms

Minimum Investment: Minimum Additional Investment: Minimum Term: Investment Frequency:
AU$50,000 Daily
Regular Savings Option: Regular Savings Minimum Amount : Regular Savings Maximum Amount : Regular Savings Frequency :
No  
Redemption Notice: Redemption Frequency: Notes:
7 Days Daily
Distributions: Distribution Frequency: Last Distribution Date: Last Distribution Amount:
Yes 6 Monthly AU$

Structure

Offshore/Onshore: Fund Structure: Share Classes: Trustee/Responsible Entity:
Onshore Unit Trust AU$ Yarra Funds Management Limited
Administrator: Prime Broker: Custodian: Legal:
Yarra Funds Management N/A RBC Investor Services Internal

Fund Fees

Management Fee: Performance Fee: High Water Mark: Hurdle:
1.25% 0% N/A N/A
Buy Spread: Sell spread: Early Redemption Fee: Fees Notes:
0.200% 0.200% No

Performance & Risk

Fund Inception Date: 01 September 1997 Annualised Return: 9.99%

Key Performance

Latest Result: Latest 3 Months: Latest 6 Months: Latest 12 Months:
-6.36% -1.87% -5.90% 3.19%
Latest 24 Months p.a.: Latest 36 Months p.a.: Latest 48 Months p.a.: Latest 60 Months p.a.:
14.25% 9.01% 7.10% 9.30%
% Positive Months (Since Inception): Average Return: Average +ve Return: Average -ve Return:
64.19% 0.91% 3.48% -3.69%
Best Month: Worst Month: Up Capture Ratio (Since Inception): Down Capture Ratio (Since Inception):
17.56% -27.75% 112.26% 99.18%
Largest Drawdown (Since Inception): Longest Drawdown (Since Inception): Current Drawdown (%): Current Drawdown (Months):
-51.60% 77 months -9.46% 5 months

Risk

Annualised Standard Deviation (Since Inception): Downside Deviation (Since Inception): Sortino Ratio (Since Inception): -
16.20% 11.76% 0.51 -
Sharpe Ratio (12 months): Sharpe Ratio (36 Months): Sharpe Ratio (60 Months): Sharpe Ratio (Since Inception):
0.29 0.49 0.54 0.45
Please note, Sharpe and Sortino ratios are calculated using the Australian Risk Free Rate

Ranking, Research & Availability

Fund quintile in it's Peer group (Equity Long - Small/Mid Cap - Australia).

AFM's Quintile Rankings show performance and Key Performance Indicators (KPI's) of Yarra Emerging Leaders 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.

1 Year
3 Year
5 Year
7 Year
Yarra Emerging Leaders Fund
ASX200 Total Return

External Research and Ratings: As reported by each Fund Manager.

No external fund ratings provided

Availability:As reported by each Fund Manager.

No investment platforms supplied

News & Insights

RBA ignores weaker real economy and hikes
24 Jun 2022 - Yarra Capital Management
The RBA hikes interest rates by 50 bps and now appears to be playing catch-up after failing to detect the inflation threat early enough.
Read more...
The Rate Debate - Episode 28
17 Jun 2022 - Yarra Capital Management
With rates on the rise, higher inflation and wages below expectation, has Australia's central bank panicked by hiking rates by 50bps, the largest monthly move in over 20 years? The RBA's charter is to ensure the economic prosperity and...
Read more...
Why "making dirty cleaner" is key to 2030
15 Jun 2022 - Yarra Capital Management
As Australia resets to a more ambitious 2030 emissions target under a new Labor government, it's time we address the largest opportunity on our pathway to net zero emissions: "making dirty cleaner". David Gilmour, Portfolio Analyst and ESG...
Read more...

Fund Documents

Manager's Report

Product disclosure/IM



Fund Performance

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 %
2022 -7.96 0.25 6.10 -1.24 -6.36 N/R N/R N/R N/R N/R N/R N/R -9.46
2021 -0.77 0.67 2.62 3.07 -0.37 3.47 1.26 5.12 -0.66 -0.09 0.33 3.93 19.96
2020 2.54 -6.27 -27.75 17.56 6.97 2.61 -0.46 5.32 -0.57 2.05 7.18 2.72 4.94
2019 4.53 3.73 -1.27 2.21 0.87 2.54 5.86 -1.73 3.75 1.61 1.88 -0.82 25.40
2018 0.59 -1.97 -1.46 4.65 1.30 0.10 0.33 4.67 0.24 -8.52 -1.55 -3.02 -5.20
2017 -4.06 1.16 3.32 -1.17 -0.61 1.24 -0.06 0.14 -0.37 5.89 3.96 3.60 13.41
2016 -2.14 -2.98 4.01 2.09 6.06 -3.97 8.85 -2.17 -0.05 -8.04 -3.78 2.95 -0.45
2015 2.51 7.11 -0.30 -0.99 2.92 -5.20 6.13 -3.25 1.08 8.01 2.50 3.56 25.85
2014 -4.88 7.60 0.76 1.36 -0.25 -1.49 4.52 3.28 -5.75 3.37 -0.47 2.42 10.12
2013 7.90 4.34 -1.21 1.36 -3.66 -4.26 3.64 1.75 5.73 4.67 0.38 1.90 24.12
2012 6.62 7.81 1.34 0.72 -6.72 -4.38 -0.07 5.24 1.29 1.90 2.16 1.53 17.81
2011 -1.02 1.69 1.49 -1.86 -3.12 -3.38 0.82 -5.09 -9.10 9.60 -0.89 -3.47 -14.42
2010 -6.42 0.35 6.00 -1.01 -9.87 -2.89 6.14 0.18 5.81 1.77 -1.60 5.63 2.64
2009 -2.16 -3.69 4.05 4.61 5.84 2.56 10.56 5.56 7.01 -0.27 1.13 3.65 45.38
2008 -11.86 3.31 -8.63 2.69 3.31 -8.72 -7.61 1.33 -11.29 -17.98 -8.27 6.42 -46.42
2007 2.64 -0.58 4.05 3.46 4.91 0.02 -1.14 -4.20 3.80 4.43 -2.81 -1.08 13.75
2006 1.26 1.20 5.22 0.76 -5.39 1.54 0.40 1.24 2.79 4.84 5.23 3.12 24.06
2005 6.85 -2.30 0.43 -5.37 4.25 4.44 3.41 6.17 1.24 -3.23 -1.05 0.92 16.03
2004 1.83 2.22 0.76 2.03 1.48 2.96 3.31 3.57 4.11 5.96 3.23 3.28 40.70
2003 -1.13 -4.79 0.93 7.39 0.52 2.88 4.40 1.86 2.14 4.06 -1.95 1.47 18.66
2002 2.11 -3.63 1.34 -3.37 -1.40 -4.15 -4.30 4.63 -4.98 -3.25 -1.14 1.49 -15.88
2001 2.96 2.60 -3.72 2.84 1.64 4.49 1.08 2.43 -6.60 5.59 -0.06 1.75 15.35
2000 -1.41 2.36 -0.69 -7.22 -1.11 14.75 1.00 5.56 0.31 3.56 4.12 0.98 22.88
1999 7.15 2.63 3.90 -0.55 -1.97 3.85 3.40 6.59 0.51 2.89 9.68 8.79 57.31
1998 1.74 1.69 -0.88 -0.49 -2.83 -6.98 -0.40 -6.90 6.87 5.58 4.61 3.31 4.29
1997 N/R N/R N/R N/R N/R N/R N/R N/R N/R -13.03 0.78 5.35 -7.66

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 %
2021/2022 1.26 5.12 -0.66 -0.09 0.33 3.93 -7.96 0.25 6.10 -1.24 -6.36 N/A -0.27
2020/2021 -0.46 5.32 -0.57 2.05 7.18 2.72 -0.77 0.67 2.62 3.07 -0.37 3.47 27.56
2019/2020 5.86 -1.73 3.75 1.61 1.88 -0.82 2.54 -6.27 -27.75 17.56 6.97 2.61 -0.70
2018/2019 0.33 4.67 0.24 -8.52 -1.55 -3.02 4.53 3.73 -1.27 2.21 0.87 2.54 4.05
2017/2018 -0.06 0.14 -0.37 5.89 3.96 3.60 0.59 -1.97 -1.46 4.65 1.30 0.10 17.26
2016/2017 8.85 -2.17 -0.05 -8.04 -3.78 2.95 -4.06 1.16 3.32 -1.17 -0.61 1.24 -3.31
2015/2016 6.13 -3.25 1.08 8.01 2.50 3.56 -2.14 -2.98 4.01 2.09 6.06 -3.97 22.19
2014/2015 4.52 3.28 -5.75 3.37 -0.47 2.42 2.51 7.11 -0.30 -0.99 2.92 -5.20 13.36
2013/2014 3.64 1.75 5.73 4.67 0.38 1.90 -4.88 7.60 0.76 1.36 -0.25 -1.49 22.62
2012/2013 -0.07 5.24 1.29 1.90 2.16 1.53 7.90 4.34 -1.21 1.36 -3.66 -4.26 17.06
2011/2012 0.82 -5.09 -9.10 9.60 -0.89 -3.47 6.62 7.81 1.34 0.72 -6.72 -4.38 -4.57
2010/2011 6.14 0.18 5.81 1.77 -1.60 5.63 -1.02 1.69 1.49 -1.86 -3.12 -3.38 11.69
2009/2010 10.56 5.56 7.01 -0.27 1.13 3.65 -6.42 0.35 6.00 -1.01 -9.87 -2.89 12.60
2008/2009 -7.61 1.33 -11.29 -17.98 -8.27 6.42 -2.16 -3.69 4.05 4.61 5.84 2.56 -25.95
2007/2008 -1.14 -4.20 3.80 4.43 -2.81 -1.08 -11.86 3.31 -8.63 2.69 3.31 -8.72 -20.48
2006/2007 0.40 1.24 2.79 4.84 5.23 3.12 2.64 -0.58 4.05 3.46 4.91 0.02 37.01
2005/2006 3.41 6.17 1.24 -3.23 -1.05 0.92 1.26 1.20 5.22 0.76 -5.39 1.54 12.12
2004/2005 3.31 3.57 4.11 5.96 3.23 3.28 6.85 -2.30 0.43 -5.37 4.25 4.44 35.93
2003/2004 4.40 1.86 2.14 4.06 -1.95 1.47 1.83 2.22 0.76 2.03 1.48 2.96 25.73
2002/2003 -4.30 4.63 -4.98 -3.25 -1.14 1.49 -1.13 -4.79 0.93 7.39 0.52 2.88 -2.54
2001/2002 1.08 2.43 -6.60 5.59 -0.06 1.75 2.11 -3.63 1.34 -3.37 -1.40 -4.15 -5.43
2000/2001 1.00 5.56 0.31 3.56 4.12 0.98 2.96 2.60 -3.72 2.84 1.64 4.49 29.35
1999/2000 3.40 6.59 0.51 2.89 9.68 8.79 -1.41 2.36 -0.69 -7.22 -1.11 14.75 43.51
1998/1999 -0.40 -6.90 6.87 5.58 4.61 3.31 7.15 2.63 3.90 -0.55 -1.97 3.85 30.81
1997/1998 N/A N/A N/A -13.03 0.78 5.35 1.74 1.69 -0.88 -0.49 -2.83 -6.98 -14.83