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Printed: 06 July 2022 11:32 PM

News

13 Aug 2021 - Performance Report: Collins St Value Fund
By: Australian Fund Monitors

Report Date13 August 2021
ManagerCollins St Asset Management
Fund NameCollins St Value Fund
StrategyEquity Long
Latest Return DateJuly 2021
Latest Return0.24%
Latest 6 Months15.00%
Latest 12 Months60.60%
Latest 24 Months (pa)32.29%
Annualised Since Inception19.00%
Inception Date05 February 2016
FUM (millions)AU$108.7
Fund OverviewThe Collins Street Value Fund is an index unaware fund which seeks to create strong investment returns over the medium and long term with capital preservation a priority.

The managers of the fund intend to maintain a concentrated portfolio of investments in ASX listed companies that they have investigated and consider to be undervalued. They will assess the attractiveness of potential investments using a number of common industry based measures, a proprietary in-house model and by speaking with management, industry experts and competitors. Once the managers form a view that an investment offers sufficient upside potential relative to the downside risk, the fund will seek to make an investment.

If no appropriate investment can be identified the managers are prepared to hold cash and wait for the right opportunities to present themselves.
Manager CommentsThe Collins St Value Fund rose by +0.24% in July. Over the past 12 months, the fund has risen by +60.6% compared with the index which has returned +28.56%, for a difference of +32.04%. Since inception in February 2016, the fund has returned +19% per annum vs the index's +11.67%.

Since inception in February 2016 in the months where the market was negative, the fund has provided positive returns 65% of the time, contributing to a down-capture ratio for returns since inception of 38.29%. Over all other periods, the fund's down-capture ratio has ranged from a high of 80.04% over the most recent 24 months to a low of -72.58% over the latest 12 months. A down-capture ratio less than 100% indicates that, on average, the fund has outperformed in the market's negative months over the specified period, and negative down-capture ratio indicates that, on average, the fund delivered positive returns in the months the market fell.

The fund's up-capture ratio since inception is 86.43%. Over all other periods, the fund's up-capture ratio has ranged from a high of 189.49% over the most recent 24 months to a low of 94.92% over the latest 60 months. An up-capture ratio greater than 100% indicates that, on average, the fund has outperformed in the market's positive months over the specified period.
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