| Fund Type: | Single | Discretionary/Quantitative: | Discretionary |
| Strategy: | Equity Long/Short | This Funds FUM (millions): | AU$30.95m |
| Style: | Growth | Fund Inception Date: | Since 21 November 2022 |
| Geographic Mandate: | Global | Latest Return Date: | August 2026 |
| Fund Domicile: | Australia | Investor Type: | Wholesale |
| Status: | Open | Reporting Status: | Current |
| Manager: | Argonaut Funds Management | Total FUM for all funds: | AU$123.34m |
|
Manager Overview:
Argonaut Funds Management is a high conviction investor in the Australian resources sector. It is based in the tier one mining jurisdiction of Western Australia and operates two resource focused funds. Argonaut Funds Management is part of Argonaut Group, an integrated investment house with corporate, stockbroking & research and special situations financing capability in the Australia/Asian region. The Funds Management activities operate independently from Argonaut Group and have rigorous governance and investment protocols and procedures. Argonaut Funds Management is overseen by a team of professionals with knowledge and expertise in the Australian resources sector. The funds are managed by an investment committee with an average of 26 years industry knowledge and a breadth of experience across a diverse range of disciplines. |
Fund/Strategy Overview:
The Fund intends to invest globally in gold and precious metals through equities, debt, royalties and streaming, and physical gold and precious metals exchange traded funds. The Fund will have at least 50% of FUM invested in gold and listed gold equities.
The investment process involves a three-step evaluation of investment opportunities being: (1) an assessment of overall market conditions; (2) a review of macro conditions and geopolitical risks and their likely impact on the gold market; and (3) a "bottom up" company evaluation process based on the Argonaut "Five Bricks" analysis process focused on Management, Valuation, Business Strength, Financial Strength and Responsible Investing. |
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| Other funds operated by manager: | |||
| Argonaut Natural Resources Fund | |||
| Minimum Investment: | Minimum Additional Investment: | Minimum Term: | Investment Frequency: |
| AU$50,000 | AU$10,000 | Monthly | |
| Regular Savings Option: | Regular Savings Min. Amount: |
Regular Savings Max. Amount: |
Regular Savings Freq.: |
| No | N/A | ||
| Redemption Notice: | Redemption Frequency: | Notes: | |
| 10 Days | Monthly |
||
| Distributions: | Distribution Frequency: | Last Distribution Date: | Last Distribution Amount: |
| Yes | Annually | AU$ |
| Offshore/Onshore: | Fund Structure: | Share Classes: |
Trustee/Responsible Entity: |
| Onshore | Unit Trust | AU$ | Argonaut Funds Management Pty Ltd (ACN 101 152 863) |
| Administrator: | Prime Broker: | Custodian: | Legal: |
| Argonaut Funds Management Pty Ltd (ACN 101 152 863) | N/A | Certane Group Pty Ltd | Steinepreis Paganin |
| Management Fee: |
Performance Fee: |
High Water Mark: |
Hurdle: |
| 1.5% | 20% | Yes | above the S&P ASX 300 RES return over the 12-month period between 1 July and 30 June |
| Buy Spread: | Sell spread: | Early Redemption Fee: | Fees Notes: |
| 0.000% | 0.000% | No |
| Latest Return Date: | Latest Result: | Fund Inception Date: | Annualised Return: |
| August 2026 | 15.40% | 21 November 2022 | 41.34% |
| Latest 3 Months: | Latest 6 Months: | Latest 12 Months: | Latest 2 Years p.a.: |
| 4.11% | -6.35% | 85.60% | 72.47% |
| Latest 3 Years p.a.: |
Latest 4 Years p.a.: |
Latest 5 Years p.a.: |
Latest 7 Years p.a.: |
| 47.92% | N/A | N/A | N/A |
| % Positive Months (S.I.): |
Average Return: | Average +ve Return: | Average -ve Return: |
| 65.22% | 3.28% | 8.13% | -5.83% |
| Best Month: | Worst Month: | Up Capture Ratio (S.I.): |
Down Capture Ratio (S.I.): |
| 24.71% | -15.75% | 186.29% | 17.25% |
| Largest Drawdown (S.I.): |
Longest Drawdown (S.I.): |
Current Drawdown (%): |
Current Drawdown (Months): |
| -21.07% | 7 months | -6.35% | 6 months |
| Annualised Standard Deviation (S.I.): |
Downside Deviation (S.I.): |
Sortino Ratio (S.I.): |
- |
| 29.59% | 14.73% | 2.12 | - |
| Sharpe Ratio (12 months): |
Sharpe Ratio (3 years): |
Sharpe Ratio (5 years): |
Sharpe Ratio (S.I.): |
| 1.61 | 1.30 | N/A | 1.20 |
| 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 Argonaut Global Gold 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.
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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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 24.71 | 13.29 | -15.75 | -6.32 | 13.97 | -10.78 | 1.12 | 15.40 | N/R | N/R | N/R | N/R | 32.31 |
| 2025 | 8.80 | 3.60 | 12.90 | 2.27 | 8.10 | 0.15 | -4.30 | 16.00 | 21.15 | -2.30 | 7.56 | 10.18 | 119.41 |
| 2024 | -4.80 | -7.90 | 9.16 | 1.81 | 5.00 | -4.90 | 7.80 | -2.80 | 2.80 | 10.80 | -4.40 | -5.90 | 4.47 |
| 2023 | 7.20 | -10.80 | 13.96 | 6.18 | -5.22 | -4.27 | 3.10 | 4.90 | -0.52 | 6.30 | 3.30 | -2.30 | 21.18 |
| 2022 | N/R | N/R | N/R | N/R | N/R | N/R | N/R | N/R | N/R | N/R | 1.10 | 1.38 | 2.50 |
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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026/2027 | 1.12 | 15.40 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 16.69 |
| 2025/2026 | -4.30 | 16.00 | 21.15 | -2.30 | 7.56 | 10.18 | 24.71 | 13.29 | -15.75 | -6.32 | 13.97 | -10.78 | 76.56 |
| 2024/2025 | 7.80 | -2.80 | 2.80 | 10.80 | -4.40 | -5.90 | 8.80 | 3.60 | 12.90 | 2.27 | 8.10 | 0.15 | 51.28 |
| 2023/2024 | 3.10 | 4.90 | -0.52 | 6.30 | 3.30 | -2.30 | -4.80 | -7.90 | 9.16 | 1.81 | 5.00 | -4.90 | 12.31 |
| 2022/2023 | N/A | N/A | N/A | N/A | 1.10 | 1.38 | 7.20 | -10.80 | 13.96 | 6.18 | -5.22 | -4.27 | 7.60 |
