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Printed: 05 July 2022 11:05 PM

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19 Nov 2021 - Performance Report: Bennelong Twenty20 Australian Equities Fund
By: Australian Fund Monitors

Report Date19 November 2021
ManagerBennelong Australian Equity Partners (BAEP), a Bennelong boutique
Fund NameBennelong Twenty20 Australian Equities Fund
StrategyEquity Long
Latest Return DateOctober 2021
Latest Return0.17%
Latest 6 Months10.01%
Latest 12 Months37.02%
Latest 24 Months (pa)18.73%
Annualised Since Inception11.91%
Inception Date02 December 2015
FUM (millions)AU$34.21
Fund OverviewThe Bennelong Twenty20 Australian Equities Fund provides exposure to the S&P/ASX300 universe through a combination of actively managed ex-20 stocks and a passive exposure to the top 20 stocks. It aims to give investors a cost-effective opportunity to access BAEP's proven ex-20 strategy combined with an index position in the top 20.
Manager CommentsThe Bennelong Twenty20 Australian Equities Fund rose by +0.17% in October, taking 12-month performance to +37.02% vs the ASX200 Total Return Index's +27.96%.

The Bennelong Twenty20 Australian Equities Fund has a track record of 12 years and 1 month and has consistently outperformed the ASX 200 Total Return Index since inception in November 2009, providing investors with a return of 11.91%, compared with the index's return of 8.34% over the same time period.

On a calendar basis the fund has had 2 negative annual returns in the 12 years and 1 month since its inception. Its largest drawdown was -26.09% lasting 9 months, occurring between February 2020 and November 2020 when the index fell by a maximum of -26.75%.

The Manager has delivered higher returns but with higher volatility than the index, resulting in a Sharpe ratio which has fallen below 1 four times and currently sits at 0.74 since inception. The fund has provided positive monthly returns 97% of the time in rising markets, and 8% of the time when the market was negative, contributing to an up capture ratio since inception of 129% and a down capture ratio of 96%.
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