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Printed: 07 December 2022 11:44 PM


15 Dec 2021 - Performance Report: Bennelong Twenty20 Australian Equities Fund
By: Australian Fund Monitors

Report Date15 December 2021
ManagerBennelong Australian Equity Partners (BAEP), a Bennelong boutique
Fund NameBennelong Twenty20 Australian Equities Fund
StrategyEquity Long
Latest Return DateNovember 2021
Latest Return-0.05%
Latest 6 Months7.71%
Latest 12 Months26.33%
Latest 24 Months (pa)16.50%
Annualised Since Inception11.82%
Inception Date02 December 2015
FUM (millions)AU$38.82
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 returned -0.05% in November vs the ASX200 Total Return Index's -0.54%. Over the past 12 months, the fund has returned +26.33% vs the Index's +15.48%.

The Bennelong Twenty20 Australian Equities Fund has a track record of 12 years and 2 months and has consistently outperformed the ASX 200 Total Return Index since inception in November 2009, providing investors with a return of 11.82%, compared with the index's return of 8.24% over the same time period.

On a calendar basis the fund has had 2 negative annual returns in the 12 years and 2 months 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 0.73 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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