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Cyan C3G Fund is based on the investment philosophy which can be defined as a comprehensive, clear and considered process focused on delivering growth. These are identified through stringent filter criteria and a rigorous research process. The Manager uses a proprietary stock filter in order to eliminate a large proportion of investments due to both internal characteristics (such as gearing levels or cash flow) and external characteristics (such as exposure to commodity prices or customer concentration).
Typically, the Fund looks for businesses that are one or more of:
a) under researched,
b) fundamentally undervalued,
c) have a catalyst for re-rating.
The Manager seeks to achieve this investment outcome by actively managing a portfolio of Australian listed securities. When the opportunity to invest in suitable securities cannot be found, the manager may reduce the level of equities exposure and accumulate a defensive cash position. Whilst it is the company's intention, there is no guarantee that any distributions or returns will be declared, or that if declared, the amount of any returns will remain constant or increase over time. The Fund does not invest in derivatives and does not use debt to leverage the Fund's performance. However, companies in which the Fund invests may be leveraged.
The Cyan C3G Fund has a track record of 7 years and 3 months and has outperformed the ASX Small Ordinaries Total Return Index since inception in August 2014, providing investors with a return of 16.15%, compared with the index's return of 9.63% over the same time period.
On a calendar basis the fund has had 1 negative annual return in the 7 years and 3 months since its inception. Its largest drawdown was -36.45% lasting 16 months, occurring between October 2019 and February 2021 when the index fell by a maximum of -29.12%.
The Manager has delivered these returns with -0.24% less volatility than the index, contributing to a Sharpe ratio which has fallen below 1 five times and currently sits at 0.94 since inception. The fund has provided positive monthly returns 85% of the time in rising markets, and 42% of the time when the market was negative, contributing to an up capture ratio since inception of 68% and a down capture ratio of 48%.