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Printed: 08 July 2022 12:04 AM

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23 Aug 2021 - Performance Report: Equitable Investors Dragonfly Fund
By: Australian Fund Monitors

Report Date23 August 2021
ManagerEquitable Investors
Fund NameEquitable Investors Dragonfly Fund
StrategyEquity Long
Latest Return DateJuly 2021
Latest Return6.84%
Latest 6 Months24.01%
Latest 12 Months67.27%
Latest 24 Months (pa)15.43%
Annualised Since Inception2.52%
Inception Date01 September 2017
FUM (millions)
Fund OverviewThe Equitable Investors Dragonfly Fund aims to deliver a total return greater than the annual five year government bond rate + 5% pa over the medium-to-long term.

The Fund is an open ended, unlisted unit trust investing predominantly in ASX listed companies. Hybrid, debt & unlisted investments are also considered. The Fund is focused on investing in growing or strategic businesses and generating returns that, to the extent possible, are less dependent on the direction of the broader sharemarket. The Fund may at times change its cash weighting or utilise exchange traded products to manage market risk.

Investments will primarily be made in micro-to-mid cap companies listed on the ASX. Larger listed businesses will also be considered for investment but are not expected to meet the manager's investment criteria as regularly as smaller peers.
Manager CommentsThe Equitable Investors Dragonfly Fund rose by +6.84% in July, an outperformance of +5.74% compared with the ASX 200 Total Return Index which rose by +1.1%. Over the past 12 months, the fund has risen by +67.27% compared with the index which has returned +28.56%, for a difference of +38.71%.

The fund's up-capture ratio for returns since inception is 73.06%. Over all other periods, the fund's up-capture ratio has ranged from a high of 216.95% over the most recent 12 months to a low of 90.99% over the latest 36 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.

The fund has achieved a down-capture ratio over the past 12 months of 83.85%, indicating that, on average, the fund outperformed in the months the market fell over that period.
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