|Latest Return Date|
|Latest 6 Months|
|Latest 12 Months|
|Latest 24 Months (pa)|
|Annualised Since Inception|
The Fund is long-only with a bottom-up focus. It has a concentrated portfolio of 15-35 stocks (target 25). Maximum cash holding of 10% with an aim to be fully invested.
Airlie employs a prudent investment approach that identifies companies based on their financial strength, attractive durable business characteristics and the quality of their management teams. Airlie invests in these companies when their view of their fair value exceeds the prevailing market price.
It is jointly managed by Matt Williams and Emma Fisher. Matt has over 25 years' investment experience and formerly held the role of Head of Equities and Portfolio Manager at Perpetual Investments. Emma has over 8 years' investment experience and has previously worked as an investment analyst within the Australian equities team at Fidelity International and, prior to that, at Nomura Securities.
Over the past 12 months, the fund's volatility has been 10.99% compared with the index's volatility of 10.42%. Since inception the fund's volatility has been 16.65% vs the index's volatility of 17.13%.
Since inception in the months when the market was positive the fund provided positive returns 100% of the time. It has an up-capture ratio of 109.14% since inception and 117.72% over the past 12 months. It has a down-capture ratio of 95.6% since inception, and 93.45% over the most recent 12 months. This indicates that the fund has typically outperformed in both the market's positive and negative months since its inception.