|Latest Return Date|
|Latest 6 Months|
|Latest 12 Months|
|Latest 24 Months (pa)|
|Annualised Since Inception|
The Fund is managed as one portfolio but comprises and combines two separately managed exposures:
1. An investment in the top 20 stocks of the markets, which the Fund achieves by taking an indexed position in the S&P/ASX 20 Index; and
2. An investment in the stocks beyond the S&P/ASX 20 Index. This exposure is managed on an active basis using a fundamental core approach.
The Fund may also invest in securities expected to be listed on the ASX, securities listed or expected to be listed on other exchanges where such securities relate to ASX-listed securities.Derivative instruments may be used to replicate underlying positions and hedge market and company specific risks. The companies within the portfolio are primarily selected from, but not limited to, the S&P/ASX 300 Accumulation Index.
The Fund typically holds between 40-55 stocks and thus is considered to be highly concentrated. This means that investors should expect to see high short-term volatility. The Fund seeks to achieve growth over the long-term, therefore the minimum suggested investment timeframe is 5 years.
The fund's returns over the past 12 months have been achieved with a volatility of 7.86% vs the index's 9.42%. The annualised volatility of the fund's returns since inception in November 2009 is 13.67% vs the index's 13.2%. Over all other periods, the fund's returns have been more volatile than the index.
Since inception in November 2009 in the months where the market was positive, the fund has provided positive returns 97% of the time, contributing to an up-capture ratio for returns since inception of 128.82%. Over all other periods, the fund's up-capture ratio has ranged from a high of 142.43% over the most recent 24 months to a low of 125.68% 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.
The fund's down-capture ratio for returns since inception is 96.16%.