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Printed: 29 March 2024 1:22 AM

News

10 Aug 2021 - Performance Report: Bennelong Emerging Companies Fund

By: Australian Fund Monitors

Report Date10 August 2021
ManagerBennelong Australian Equity Partners (BAEP), a Bennelong boutique
Fund NameBennelong Emerging Companies Fund
StrategyEquity Long
Latest Return DateJuly 2021
Latest Return2.57%
Latest 6 Months12.22%
Latest 12 Months48.03%
Latest 24 Months (pa)26.53%
Annualised Since Inception29.01%
Inception Date01 November 2017
FUM (millions)AU$87.13
Fund OverviewThe Fund invests in ASX-listed securities of small and micro capitalised companies that are covered by the investment research capabilities of Bennelong Australian Equity Partners ('BAEP').

The Fund may invest in securities expected to be listed on the ASX within 12 months. The Fund may also invest in securities listed, or expected to be listed, on other exchanged where such securities relate to ASX-listed securities
Manager CommentsThe Bennelong Emerging Companies Fund rose by +2.57% in July, a difference of +1.47% compared with the ASX 200 Total Return Index which rose by +1.1%. Over the past 12 months, the fund has risen by +48.03% compared with the index which has returned +28.56%, for a difference of +19.47%. Since inception in November 2017, the fund has returned +29.01% per annum, a difference of +18.88% relative to the index which has returned +10.13% on an annualised basis over the same period.

The fund's returns over the past 12 months have been achieved with a volatility of 14.74% vs the index's 10.35%. The annualised volatility of the fund's returns since inception in November 2017 is 31.79% vs the index's 15.83%, and over the past 24 and 36 month periods, the fund's returns have had an annualised volatility of 37.06% and 33.92% respectively, higher than the index's annualised volatility over each of those periods; 19.82% (24 months), 17.32% (36 months).

Since inception, the fund has only experienced a negative annual return once, and over the past 12 months its largest drawdown was -2.54% vs the index's -3.66%.

In the months where the market was positive since the fund's, the fund has provided positive returns 85% of the time, contributing to an up-capture ratio for returns since inception of 312.92%. Over all other periods, the fund's up-capture ratio has ranged from a high of 273.33% over the most recent 36 months to a low of 154.48% over the latest 12 months.
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