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Printed: 07 July 2022 8:59 PM

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10 Dec 2021 - Performance Report: Bennelong Australian Equities Fund
By: Australian Fund Monitors

Report Date10 December 2021
ManagerBennelong Australian Equity Partners (BAEP), a Bennelong boutique
Fund NameBennelong Australian Equities Fund
StrategyEquity Long
Latest Return DateNovember 2021
Latest Return0.51%
Latest 6 Months14.32%
Latest 12 Months30.92%
Latest 24 Months (pa)24.14%
Annualised Since Inception15.70%
Inception Date30 January 2009
FUM (millions)AU$1191.61
Fund OverviewThe Bennelong Australian Equities Fund is a high conviction 'core' fund. It aims to grow investment value over the long term via a combination of capital growth and income, by investing in a diversified portfolio of Australian shares. It typically holds 25-50 stocks across the spectrum of the Australian share market (primarily from the S&P/ASX 300 Accumulation Index).
Manager CommentsThe Bennelong Australian Equities Fund rose +0.51% in November, outperforming the ASX200 Total Return Index by +1.05% and taking 12-month performance to +30.92% vs the index's +15.48%.

The Bennelong Australian Equities Fund has a track record of 12 years and 11 months and has consistently outperformed the ASX 200 Total Return Index since inception in February 2009, providing investors with a return of 15.7%, compared with the index's return of 10.38% over the same time period.

On a calendar basis the fund has had 1 negative annual return in the 12 years and 11 months since its inception. Its largest drawdown was -24.32% lasting 6 months, occurring between February 2020 and August 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 once and currently sits at 0.93 since inception. The fund has provided positive monthly returns 93% of the time in rising markets, and 18% of the time when the market was negative, contributing to an up capture ratio since inception of 152% and a down capture ratio of 95%.
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