|Latest Return Date|
|Latest 6 Months|
|Latest 12 Months|
|Latest 24 Months (pa)|
|Annualised Since Inception|
The Fund is managed as one portfolio but comprises and combines two separately managed exposures:
1. An investment in the top 20 stocks of the markets, which the Fund achieves by taking an indexed position in the S&P/ASX 20 Index; and
2. An investment in the stocks beyond the S&P/ASX 20 Index. This exposure is managed on an active basis using a fundamental core approach.
The Fund may also invest in securities expected to be listed on the ASX, securities listed or expected to be listed on other exchanges where such securities relate to ASX-listed securities.Derivative instruments may be used to replicate underlying positions and hedge market and company specific risks. The companies within the portfolio are primarily selected from, but not limited to, the S&P/ASX 300 Accumulation Index.
The Fund typically holds between 40-55 stocks and thus is considered to be highly concentrated. This means that investors should expect to see high short-term volatility. The Fund seeks to achieve growth over the long-term, therefore the minimum suggested investment timeframe is 5 years.
Over the past 12 months, the fund's volatility has been 10.33% compared with the index's volatility of 10.42%. Since inception the fund's volatility has been 13.76% vs the index's volatility of 13.31%.
Since inception in the months when the market was positive the fund provided positive returns 97% of the time. It has an up-capture ratio of 125.88% since inception and 142.78 over the past 12 months. Across all other time periods, it has ranged between 138.64% (2 years) and 121.05% (5 years).