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Printed: 07 July 2022 11:50 PM


27 Jul 2021 - Performance Report: NWQ Fiduciary Fund
By: Australian Fund Monitors

Report Date27 July 2021
ManagerNWQ Capital Management Pty Ltd
Fund NameNWQ Fiduciary Fund
StrategyMulti Strategy
Latest Return DateJune 2021
Latest Return1.05%
Latest 6 Months5.70%
Latest 12 Months14.11%
Latest 24 Months (pa)9.67%
Annualised Since Inception6.17%
Inception Date01 May 2013
FUM (millions)AU$67
Fund OverviewThe NWQ Fiduciary Fund (Fund), managed by NWQ Capital Management, is a diversified multi-manager portfolio, modelled on NWQ's Fiduciary Model Portfolio. The principal investment objective of the Fund is to produce attractive positive returns irrespective of market direction. This is achieved through active allocations to selective fund managers that employ a variety of traditional and absolute return strategies. The Fund places emphasis on managers who demonstrate a rigorous and repeatable investment process that has delivered a strong track record.

The Fund aims to produce returns after management fees and expenses of RBA Cash Rate + 4.0-5.0% p.a. over rolling five-year periods. Furthermore, the Fund aims to achieve these returns with volatility that is a fraction of the Australian equity market, in order to smooth returns for investors.
Manager CommentsThe NWQ Fiduciary Fund returned +1.05% in June. Over the past 12 months the fund has returned +14.11%. Since inception in May, 2013, the fund has returned +6.17% per annum.

Over the past 12 months, the fund's volatility has been 6.49% compared with the ASX200 Accumulation Index's volatility of 10.42%. Since inception the fund's volatility has been 5.76% vs the index's volatility of 13.67%, and over all other time periods the fund's volatility has been lower than the ASX 200 Total Return index.

The fund's Sharpe and Sortino ratios (since inception) are 0.8 and 1.23. Since inception in the months when the market was positive the fund provided positive returns 72% of the time, and in months when the market fell, the fund has returned a positive return 53% of the time.

It has a down-capture ratio of 13.25% since inception, and ranging between 30.01% (3 years) and -8.46% (12 months) over all other time periods.
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