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Printed: 06 July 2022 11:37 PM


21 Jul 2021 - Performance Report: Prime Value Emerging Opportunities Fund
By: Australian Fund Monitors

Report Date21 July 2021
ManagerPrime Value Asset Management
Fund NamePrime Value Emerging Opportunities Fund
StrategyEquity Long
Latest Return DateJune 2021
Latest Return3.05%
Latest 6 Months13.97%
Latest 12 Months42.01%
Latest 24 Months (pa)29.51%
Annualised Since Inception16.30%
Inception Date08 October 2015
FUM (millions)AU$56.6
Fund OverviewThe Prime Value Emerging Opportunities Fund invests in companies in the diversified emerging companies sector. The Fund seeks to achieve superior total returns over the medium to long term without the constraints of a benchmark. It is a long only concentrated fund that leverages Prime Value's fundamental research capabilities while minimizing the risk of permanent capital loss.

The Fund is comprised of a concentrated portfolio of securities outside the ASX100. The fund may invest up to 10% in global equities but for this portion typically only invests in New Zealand. Investments are primarily made in ASX listed and other exchange listed Australian securities, however, it may also invest up to 10% in unlisted Australian securities.

The Fund is designed for investors seeking medium to long term capital growth who are prepared to accept fluctuations in short term returns. The suggested minimum investment time frame is 3 years.
Manager CommentsThe Prime Value Emerging Opportunities Fund returned +3.05% in June, a difference of +0.79% compared with the ASX 200 Total Return index, which rose by +2.26%. Over the past 12 months the fund has returned +42.01%, compared with the index, which returned +27.8%, for a difference of +14.21%. Since inception in October, 2015, the fund has returned +16.3% per annum, a difference of +5.26% vs the index which has returned +11.05% over the same period.

Over the past 12 months, the fund's volatility has been 9.68% compared with the index's volatility of 10.42%. Since inception the fund's volatility has been 14.68% vs the index's volatility of 14.07%.

The fund's Sharpe ratio has ranged from a high of 3.71 over the most recent 12 months, to a low of 0.98 over the past 5 years. Since inception the fund's Sharpe ratio has been 1.03 vs the index which has a Sharpe ratio of 0.74.

Since inception in the months when the market was positive the fund provided positive returns 83% of the time.

It has a down-capture ratio of 45.74% since inception, and ranging between 68.03% (3 years) and -4.64% (12 months), highlighting its capacity to outperform in falling markets.
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