DRAFT
Fund Review
Bennelong Emerging Companies Fund
Performance as at May 2026
Bennelong Australian Equity Partners (BAEP), established in 2008 in partnership with Bennelong Funds Management, is a boutique fund manager specialising in Australian equities. The firm employs a consistent and disciplined investment approach, focusing on high quality companies with strong growth potential. It combines proprietary field research with macro-economic and quantitative insights. Key staff include Doug Macphillamy, a portfolio manager with 20 years of industry experience and six years at the firm.
| 1 Year | 3 Years3 | 5 Years3 | 7 Years3 | Inception3,4 | ||
| Total Return | Fund | -13.51% | 13.63% | 6.73% | 13.38% | 15.51% |
| Peer Group1 | 5.29% | 9.89% | 4.51% | 8.52% | 8.49% | |
| Index2 | 6.89% | 11.02% | 8.10% | 8.47% | 8.73% | |
| Volatility | Fund | 16.13% | 15.11% | 17.20% | 24.96% | 25.00% |
| Peer Group1 | 13.56% | 11.28% | 13.33% | 17.12% | 16.08% | |
| Index2 | 9.98% | 10.63% | 12.30% | 14.90% | 14.05% | |
| 1Equity Long - Small/Mid Cap - Australia, 2ASX 200 Total Return, 3Annualised, 4Nov 2017 | ||||||
Strategy Description
The Bennelong Emerging Companies Fund invests in small-cap and micro-cap stocks listed on the ASX. As these stocks are often less well known and researched, the fund seeks to maintain a disciplined approach by focusing on higher quality and lower risk options. The strategy aims to identify stocks with solid growth prospects.Cumulative Performance
Core Details |
PG = Peergroup Average | ||
| APIR: | BFL3779AU | Status: | Open |
| Peer Group: | Equity Long - Small/Mid Cap - Australia | Inception Date: | Nov 2017 |
| Strategy: | Equity Long | Style: | Growth |
| Geography: | Australia/NZ | Domicile: | Australia |
| Investors: | Retail | Distributions: | 6 Monthly |
| Fund Size: | AU$ 219.98m | Manager FUM: | AU$ 6,533.52m |
| Applications: | Daily, Initial: AU$ 10,000 | Redemptions: | Daily |
| Management Fee: | 1.25% (PG avg: 1.15%) | Performance Fee: | 20.00% (PG avg: 16.28%) |
| Buy/Sell Spread: | 0.25%/0.25% (PG avg: 0.27%/0.27%) | Hurdle: | RBA Cash Rate plus 5% |
| Early Redemption Fee | No | High Water Mark: | Yes |
Please view https://fundmonitors.com/disclaimer.php for the full disclaimer. The content is updated monthly and only the current version should be used.
Bennelong Emerging Companies Fund
Performance vs Equity Long - Small/Mid Cap - Australia and ASX 200 Total Return
Since inception in Nov 2017, the Fund has returned 15.51% p.a., compared with the Peer Group's return over the same period of 8.49%. Over the past 12 months, the Fund has returned -13.51% vs the Peer Group's 5.29%. For the 3, 5 and 7 year periods, the Fund has returned 13.63%, 6.73% and 13.38% respectively vs the Peer Group's returns of 9.89%, 4.51% and 8.52% respectively. The Fund's returns have been delivered with a volatility of 25% p.a. vs the Peer Group's 16.08%.
Only seven years of data shown. Click here to view all data.
| Year | Jan % | Feb % | Mar % | Apr % | May % | Jun % | Jul % | Aug % | Sep % | Oct % | Nov % | Dec % | YTD % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.03 | -1.84 | -11.49 | -0.41 | -1.70 | NA | NA | NA | NA | NA | NA | NA | -14.91 |
| 2025 | 5.68 | 0.65 | -5.35 | 3.99 | 5.54 | 1.87 | 4.23 | 6.01 | -0.80 | 2.72 | -6.79 | -4.93 | 12.31 |
| 2024 | 0.03 | 6.34 | 1.06 | -2.38 | 1.60 | 1.90 | 5.13 | 5.30 | 3.99 | 0.62 | 6.43 | -1.06 | 32.51 |
| 2023 | 7.74 | -2.26 | -0.51 | 4.12 | -2.33 | 0.52 | 4.86 | 5.33 | -3.10 | -5.58 | 6.60 | 6.99 | 23.43 |
| 2022 | -8.62 | -0.49 | 4.05 | -3.73 | -14.10 | -10.08 | 12.29 | -1.38 | -4.21 | 5.34 | 1.99 | -3.04 | -22.26 |
| 2021 | 3.58 | 4.56 | -0.24 | 5.76 | -2.54 | 1.75 | 2.57 | 5.70 | 4.06 | 1.16 | 0.70 | -2.55 | 26.93 |
| 2020 | 1.64 | -11.30 | -33.64 | 31.93 | 9.89 | 2.22 | 1.01 | 13.87 | -2.40 | 4.78 | 6.87 | 2.33 | 14.06 |
| 2019 | 5.80 | 11.79 | 2.80 | 14.03 | -1.66 | 3.44 | 9.58 | 6.80 | 9.92 | 2.61 | 2.95 | -2.62 | 86.64 |
| 2018 | -1.18 | -5.72 | -1.01 | 2.39 | 8.82 | -0.73 | 1.88 | 3.07 | 0.87 | -12.03 | -2.12 | -10.54 | -16.77 |
| 2017 | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | 11.76 | 12.91 | 26.19 |
| 1 Year | 3 Years | 5 Years | 7 Years | Inception | ||
| Total Return | Fund | -13.51% | 13.63% | 6.73% | 13.38% | 15.51% |
| Peer Group | 5.29% | 9.89% | 4.51% | 8.52% | 8.49% | |
| Index2 | 6.89% | 11.02% | 8.10% | 8.47% | 8.73% | |
| Volatility | Fund | 16.13% | 15.11% | 17.20% | 24.96% | 25.00% |
| Peer Group | 13.56% | 11.28% | 13.33% | 17.12% | 16.08% | |
| Index | 9.98% | 10.63% | 12.30% | 14.90% | 14.05% | |
| Sharpe | Fund | -1.04 | 0.66 | 0.30 | 0.55 | 0.63 |
| Peer Group | 0.17 | 0.54 | 0.18 | 0.44 | 0.46 | |
| Index | 0.34 | 0.66 | 0.46 | 0.47 | 0.52 | |
| Sortino | Fund | -1.20 | 0.86 | 0.29 | 0.61 | 0.75 |
| Peer Group | 0.13 | 0.68 | 0.15 | 0.47 | 0.51 | |
| Index | 0.36 | 0.91 | 0.58 | 0.53 | 0.61 | |
| Largest Drawdown | Fund | -24.60% | -24.60% | -31.43% | -41.74% | -41.74% |
| Peer Group | -14.17% | -14.17% | -23.29% | -29.83% | -29.83% | |
| Index | -7.15% | -7.19% | -11.90% | -26.75% | -26.75% |
Return in Index's 10 Best & 10 Worst Months %
Return in Index's 10 Best & 10 Worst Months %
Annualised Return vs Standard Deviation
Bennelong Emerging Companies Fund - Annualised Return vs. Standard Deviation
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Bennelong Emerging Companies Fund
Annual Returns
Annual Returns %
Drawdown
Drawdown%
Service Providers
| Trustee/RE: | Bennelong Funds Management Ltd |
| Custodian: | Citibank NA, Australia |
| Administrator: | Citigroup Pty Limited |
| Auditor: | Deloitte Touche Tohmatsu |
| Legal: | Hall & Wilcox |
| Prime Broker: | Not Applicable |
Available on Investment Platforms
North, BT Panorama, DASH, HUB24, Macquarie Wrap, Netwealth, Praemium
Key Staff
Mark East
Chief Investment Officer
Doug Macphillamy
Portfolio Manager
Years in industry: 21, Years at Firm: 7
About AFM's Fund Reviews and Star Ratings
AFM's proprietary Star Rating system provides a quantitative ranking of performance and risk of funds in its peer group relative to similar funds. Funds must have a minimum 1 year track record.
Star Ratings for Performance reflects annualised return. Risk is a combination of downside deviation, maximum drawdown and longest drawdown, which are allocated in reverse.
| AFM Star Rating | Relative performance band compared to funds in the same Peer Group |
|---|---|
| ★ ★ ★ ★ ★ | Premium: The fund is in the top 10% of all funds in its peer group. |
| ★ ★ ★ ★ ☆ | Top Quartile: The fund ranges between 75 and 90% of all funds in its peer group. |
| ★ ★ ★ ☆ ☆ | Second Quartile: The fund ranges between 50 and 75% of all funds in its peer group. |
| ★ ★ ☆ ☆ ☆ | Third Quartile: The fund ranges between 25 and 50% of all funds in its peer group. |
| ★ ☆ ☆ ☆ ☆ | Fourth Quartile: The fund is in the lowest 25% of all funds in its peer group. |
All performances, rankings and Star Ratings are updated monthly. Past performance does not guarantee future performance.
Copyright
This report is produced and owned by Australian Fund Monitors Pty Ltd and the contents are Copyright 2025. Distribution is limited to those parties with a current Distribution Licence.
Disclaimer
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