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Printed: 05 July 2022 10:52 PM

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18 Oct 2021 - Performance Report: Equitable Investors Dragonfly Fund
By: Australian Fund Monitors

Report Date18 October 2021
ManagerEquitable Investors
Fund NameEquitable Investors Dragonfly Fund
StrategyEquity Long
Latest Return DateSeptember 2021
Latest Return2.95%
Latest 6 Months7.39%
Latest 12 Months59.89%
Latest 24 Months (pa)19.45%
Annualised Since Inception3.92%
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 +2.95% in September, an outperformance of +4.8% compared with the ASX 200 Total Return Index which fell by -1.85%. Over the past 12 months, the fund has risen by +59.89% compared with the index which has returned +30.56%, for a difference of +29.33%.

Equitable Investors noted more volatility early in October is reflective to them of a shift in sentiment rather than in the economic environment. It isn't news that inflation has risen and some attempts to tighten monetary policy will be made. It isn't news that COVID-19 is continuing to be disruptive to global trade and local economies. Nor is it news that mega-cap tech stocks are on extreme valuation metrics. They believe sentiment may continue to oscillate in this far-from-perfect world but they remain focused on investing in businesses striving to create and demonstrate value.
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