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Printed: 05 July 2022 10:54 PM

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09 Jul 2021 - Performance Report: Collins St Value Fund
By: Australian Fund Monitors

Report Date09 July 2021
ManagerCollins St Asset Management
Fund NameCollins St Value Fund
StrategyEquity Long
Latest Return DateJune 2021
Latest Return5.96%
Latest 6 Months18.54%
Latest 12 Months64.78%
Latest 24 Months (pa)32.99%
Annualised Since Inception19.26%
Inception Date05 February 2016
FUM (millions)AU$106.7
Fund OverviewThe Collins Street Value Fund is an index unaware fund which seeks to create strong investment returns over the medium and long term with capital preservation a priority.

The managers of the fund intend to maintain a concentrated portfolio of investments in ASX listed companies that they have investigated and consider to be 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 managers form 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.
Manager CommentsThe Collins St Value Fund returned +5.96% in June, a difference of +3.7% compared with the ASX 200 Total Return index, which rose by +2.26%. Over the past 12 months the fund has returned +64.78%, compared with the index, which returned +27.8%, for a difference of +36.98%. Since inception in February, 2016, the fund has returned +19.26% per annum, a difference of +7.63% vs the index which has returned +11.63% over the same period.

The fund's Sharpe ratio has ranged from a high of 4.45 over the most recent 12 months, to a low of 0.95 over the past 4 years. Since inception the fund's Sharpe ratio has been 1.01.

The fund's Sortino ratio (which excludes volatility in positive months) has ranged from a maximum of 1.83 over the past 2 years, to a low of 0 over the most recent 12 months due to the fund not having had any negative returns over that period. Since inception the fund's Sortino ratio has been 1.42.

Since inception in the months when the market was positive the fund provided positive returns 84% of the time. It has an up-capture ratio ranging between 184.93% (2 years) and 87.46% (since inception), and over the most recent 12 months has provided an up-capture ratio of 185.28%.
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