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15 Nov 2021 - Performance Report: Collins St Value Fund

By: Australian Fund Monitors

Report Date15 November 2021
ManagerCollins St Asset Management
Fund NameCollins St Value Fund
StrategyEquity Long
Latest Return DateOctober 2021
Latest Return1.69%
Latest 6 Months18.97%
Latest 12 Months55.38%
Latest 24 Months (pa)28.53%
Annualised Since Inception19.50%
Inception Date05 February 2016
FUM (millions)AU$148
Fund OverviewThe Collins Street Value Fund is an index unaware fund which seeks to create strong investment returns over the medium and long term with capital preservation a priority.

The managers of the fund intend to maintain a concentrated portfolio of investments in ASX listed companies that they have investigated and consider to be undervalued. They will assess the attractiveness of potential investments using a number of common industry based measures, a proprietary in-house model and by speaking with management, industry experts and competitors. Once the managers form a view that an investment offers sufficient upside potential relative to the downside risk, the fund will seek to make an investment.

If no appropriate investment can be identified the managers are prepared to hold cash and wait for the right opportunities to present themselves.
Manager CommentsThe Collins St Value Fund rose +1.69% in October, outperforming the ASX200 Total Return Index by +1.79% and taking 12-month performance to +55.38% vs the Index's +27.96%.

The Collins St Value Fund has a track record of 5 years and 9 months and has consistently outperformed the ASX 200 Total Return Index since inception in February 2016, providing investors with a return of 19.5%, compared with the index's return of 11.23% over the same time period.

On a calendar basis the fund has never had a negative annual return in the 5 years and 9 months since its inception. Its largest drawdown was -27.46% lasting 7 months, occurring between February 2020 and September 2020.

The Manager has delivered higher returns but with higher volatility than the index, resulting in a Sharpe ratio which has fallen below 1 once and currently sits at 1.04 since inception. The fund has provided positive monthly returns 83% of the time in rising markets, and 68% of the time when the market was negative, contributing to an up capture ratio since inception of 82% and a down capture ratio of 23%.
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