Fund Monitors Pty Ltd

www.fundmonitors.com
© Copyright 2022
Printed: 06 July 2022 11:21 PM

News

12 Nov 2021 - Performance Report: DS Capital Growth Fund
By: Australian Fund Monitors

Report Date12 November 2021
ManagerDS Capital
Fund NameDS Capital Growth Fund
StrategyEquity Long
Latest Return DateOctober 2021
Latest Return0.56%
Latest 6 Months8.84%
Latest 12 Months28.50%
Latest 24 Months (pa)19.67%
Annualised Since Inception16.39%
Inception Date01 January 2013
FUM (millions)AU$401
Fund OverviewThe Fund aims to deliver an average return of at least 10% p.a. through the economic cycle, with a focus on capital preservation. The Fund comprises a concentrated portfolio of small and mid-cap investments selected through a process of quantitative and qualitative analysis.

The investment team looks for industrial businesses that are simple to understand, generally avoiding large caps, pure mining, biotech and start-ups.

They also look for:

- Access to management;
- Businesses with a competitive edge;
- Profitable companies with good margins, organic growth prospects, strong market position and a track record of healthy dividend growth;
- Sectors with structural advantage and barriers to entry;
- 15% p.a. pre-tax compound return on each holding; and
- A history of stable and predictable cash flows that DS Capital can understand and value.
Manager CommentsThe DS Capital Growth Fund rose +0.56% in October, outperforming the ASX200 Total Return Index by +0.66% and taking 12-month performance to +28.50%.

The DS Capital Growth Fund has a track record of 8 years and 11 months and has consistently outperformed the ASX 200 Total Return Index since inception in January 2013, providing investors with a return of 16.39%, compared with the index's return of 9.71% over the same time period.

On a calendar basis the fund has had 1 negative annual return in the 8 years and 11 months since its inception. Its largest drawdown was -22.53% lasting 6 months, occurring between February 2020 and August 2020 when the index fell by a maximum of -26.75%.

The Manager has delivered these returns with -2.29% less volatility than the index, contributing to a Sharpe ratio which has never fallen below 1 and currently sits at 1.29 since inception. The fund has provided positive monthly returns 90% of the time in rising markets, and 35% of the time when the market was negative, contributing to an up capture ratio since inception of 73% and a down capture ratio of 46%.
More Information

Australian Fund Monitors Pty Ltd
A.C.N. 122 226 724
AFSL 324476

Email: [email protected]