|Latest Return Date|
|Latest 6 Months|
|Latest 12 Months|
|Latest 24 Months (pa)|
|Annualised Since Inception|
The overriding objective of the Concentrated Australian Equities Fund is to seek investment opportunities which are under-appreciated and have the potential to deliver positive earnings, while satisfying our stringent quality criteria. Bennelong's investment process combines bottom-up fundamental analysis together with proprietary investment tools which are used to build and maintain high quality portfolios that are risk aware.
The portfolio typically consists of 20-35 high-conviction stocks from the S&P/ASX 300 Index.
The Fund may invest in securities listed on other exchanges where such securities relate to ASX-listed securities. Derivative instruments are mainly used to replicate underlying positions and hedge market and company specific risks.
Over the past 12 months, the fund's volatility has been 10.3% compared with the index's volatility of 10.42%. Since inception the fund's volatility has been 14.9% vs the index's volatility of 13.59%.
Since inception in the months when the market was positive the fund provided positive returns 92% of the time. It has an up-capture ratio ranging between 154.44% (since inception) and 114.4% (3 years), and over the most recent 12 months has provided an up-capture ratio of 137.36%.
The fund has a down-capture ratio of 91.58% since inception, and ranging between 98.95% (3 years) and 52.53% (12 months).