AFM Fund Profile — Bell Global Emerging Companies Fund

Fund & Manager Details

Key Facts

Fund Type: Single Discretionary/Quantitative: Combination
Strategy: Equity Long FUM (millions): AU$710.7m
Style: Growth Fund Inception Date: Since 27 June 2016
Geographic Mandate: Global Latest Return Date: February 2024
Fund Domicile: Australia Investor Type: Wholesale & Retail
Status: Open Reporting Status: Current

Manager Details and Fund Description

Manager: Bell Asset Management Total FUM for all funds: AU$1,638m
Manager Overview:
Bell Asset Management is boutique investment firm focused on delivering consistent performance outcomes and high quality service to our clients. They are an independently owned investment management company. Employees participate in both direct equity and profit share of the business.

The firm has two distinct business units - Active Equities Management & Fund Administration.

The Active Equities business is where company research and management of client portfolios is undertaken by the Bell Asset Management investment team. Total assets under management as at 30 June 2018 are AUD$1.64bn. They have been a SEC registered Investment Advisor since 2008. Strategies managed are global and local equities. CIO, Ned Bell, was hired in 2000 and took over responsibility of the equity strategies in January 2003.

They offer clients either segregated accounts or access to our stand alone US and Australian Pooled Trusts.
Fund/Strategy Overview:
The fund employs a long only investment strategy, with a fundamental bottom up approach that invests in a globally diversified portfolio of small and mid-capitalised companies.

The Fund will invest in securities with risk countries defined as 'developed' & 'emerging' by MSCI. It will invest in constituents & non constituents of the MSCI Indices. It may hold up to 10% of its assets in cash. It will not use leverage, derivatives or short securities.
Other funds operated by manager:
Bell Global Equities Fund (Platform Class), Bell Global Sustainable Fund (Hedged), Bell Global Sustainable Fund (Unhedged)

Investment Details

Investment Terms

Minimum Investment: Minimum Additional Investment: Minimum Term: Investment Frequency:
AU$10,000 AU$5,000 Daily
Regular Savings Option: Regular Savings Min. Amount : Regular Savings Max. Amount : Regular Savings Freq.:
No N/A 
Redemption Notice: Redemption Frequency: Notes:
Daily
Distributions: Distribution Frequency: Last Distribution Date: Last Distribution Amount:
Yes Annually AU$

Structure

Offshore/Onshore: Fund Structure: Share Classes: Trustee/Responsible Entity:
Onshore Unit Trust AU$ Bell Asset Management
Administrator: Prime Broker: Custodian: Legal:
Bell Asset Management N/A National Australia Bank Limited N/A

Fund Fees

Management Fee: Performance Fee: High Water Mark: Hurdle:
1.39% 0% N/A N/A
Buy Spread: Sell spread: Early Redemption Fee: Fees Notes:
0.100% 0.100% No

Performance & Risk

Returns

Latest Return Date: Latest Result: Fund Inception Date: Annualised Return:
February 2024 5.24% 27 June 2016 11.02%
Latest 3 Months: Latest 6 Months: Latest 12 Months: Latest 2 Years p.a.:
12.29% 6.61% 13.99% 5.51%
Latest 3 Years p.a.: Latest 4 Years p.a.: Latest 5 Years p.a.: Latest 7 Years p.a.:
9.33% 9.03% 10.64% 11.90%

Performance Statistics

% Positive Months (S.I.): Average Return: Average +ve Return: Average -ve Return:
60.87% 0.94% 3.35% -2.81%
Best Month: Worst Month: Up Capture Ratio (S.I.): Down Capture Ratio (S.I.):
8.19% -8.83% 100.51% 108.99%
Largest Drawdown (S.I.): Longest Drawdown (S.I.): Current Drawdown (%): Current Drawdown (Months):
-21.90% 26 months -0.51% 26 months

Risk

Annualised Standard Deviation (S.I.): Downside Deviation (S.I.): Sortino Ratio (S.I.): -
12.58% 7.73% 1.17 -
Sharpe Ratio (12 months): Sharpe Ratio (3 years): Sharpe Ratio (5 years): Sharpe Ratio (S.I.):
0.84 0.55 0.72 0.78
Please note, Sharpe and Sortino ratios are calculated using the Australian Risk Free Rate

Ranking, Research & Availability

Fund Quintile in its Peer Group (Equity Long - Mid/Small Cap - Global) as at February 2024

AFM's Quintile Rankings show performance and Key Performance Indicators (KPI's) of Bell Global Emerging Companies 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
Bell Global Emerging Companies Fund
All Countries World Index (AUD)

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

Lonsec: Investment Grade, March 2018

Availability:As reported by each Fund Manager.

Available on Investment Platforms:
HUB24, OneVue, Netwealth, mFund, Beacon

News & Insights

Growing financial risks favour small and mid-sized global companies
15 Sep 2022 - Bell Asset Management
Global equities boutique manager Bell Asset Management sees rising geopolitical and macroeconomic risks ahead and expects small and mid-sized quality companies with an international focus to offer the best value in the current market.
Read more...
Challenges and opportunities for global equities: Insights from our recent US...
11 Aug 2022 - Bell Asset Management
Despite the ongoing list of negatives that investors are facing, there are still a number of positives.
Read more...
Global equities market update and outlook for 2022
30 Nov 2021 - Bell Asset Management
Bell Asset Management Chief Investment Officer, Ned Bell discusses key themes that will influence global equity markets in the year ahead: geopolitics, global monetary policy, the economic cycle rotation and company earnings as well as...
Read more...

Fund Documents

Manager's Report

Product disclosure/IM

Target Market Determination



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 %
2024 1.62 5.24 N/R N/R N/R N/R N/R N/R N/R N/R N/R N/R 6.94
2023 3.71 0.33 3.47 2.23 -2.52 2.96 0.30 0.41 -4.92 -4.53 4.59 5.00 10.90
2022 -5.48 -5.46 -3.49 -3.05 -1.36 -3.68 8.19 -4.96 -4.39 7.74 4.40 -4.51 -16.12
2021 -1.23 0.05 6.61 5.16 0.14 4.12 6.97 2.57 -5.11 1.64 3.20 2.89 29.79
2020 5.00 -3.17 -8.83 2.76 5.53 -1.39 4.28 -0.03 1.18 0.84 5.78 -0.24 11.26
2019 3.75 6.01 2.68 3.37 -2.11 4.81 1.52 -0.15 2.03 -0.99 5.18 -1.62 26.91
2018 1.52 -0.72 1.14 1.97 0.78 4.09 1.67 5.95 -0.25 -5.80 -0.99 -2.56 6.48
2017 -1.46 0.26 2.37 5.35 2.57 -3.77 -2.57 -0.51 2.38 3.25 4.68 -0.86 11.82
2016 N/R N/R N/R N/R N/R N/R 2.34 -0.69 -3.69 -4.14 5.67 3.52 2.64

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 0.30 0.41 -4.92 -4.53 4.59 5.00 1.62 5.24 N/A N/A N/A N/A 7.37
2022/2023 8.19 -4.96 -4.39 7.74 4.40 -4.51 3.71 0.33 3.47 2.23 -2.52 2.96 16.64
2021/2022 6.97 2.57 -5.11 1.64 3.20 2.89 -5.48 -5.46 -3.49 -3.05 -1.36 -3.68 -10.74
2020/2021 4.28 -0.03 1.18 0.84 5.78 -0.24 -1.23 0.05 6.61 5.16 0.14 4.12 29.66
2019/2020 1.52 -0.15 2.03 -0.99 5.18 -1.62 5.00 -3.17 -8.83 2.76 5.53 -1.39 5.03
2018/2019 1.67 5.95 -0.25 -5.80 -0.99 -2.56 3.75 6.01 2.68 3.37 -2.11 4.81 16.96
2017/2018 -2.57 -0.51 2.38 3.25 4.68 -0.86 1.52 -0.72 1.14 1.97 0.78 4.09 15.95
2016/2017 2.34 -0.69 -3.69 -4.14 5.67 3.52 -1.46 0.26 2.37 5.35 2.57 -3.77 7.93