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Printed: 08 December 2022 12:30 AM


21 Dec 2021 - Performance Report: Equitable Investors Dragonfly Fund

Report Date21 December 2021
ManagerEquitable Investors
Fund NameEquitable Investors Dragonfly Fund
StrategyEquity Long
Latest Return DateNovember 2021
Latest Return-1.65%
Latest 6 Months8.90%
Latest 12 Months39.07%
Latest 24 Months (pa)21.24%
Annualised Since Inception3.89%
Inception Date01 September 2017
FUM (millions)
Fund OverviewThe Equitable Investors Dragonfly Fund aims to deliver a total return greater than the annual five year government bond rate + 5% pa over the medium-to-long term.

The Fund is an open ended, unlisted unit trust investing predominantly in ASX listed companies. Hybrid, debt & unlisted investments are also considered. The Fund is focused on investing in growing or strategic businesses and generating returns that, to the extent possible, are less dependent on the direction of the broader sharemarket. The Fund may at times change its cash weighting or utilise exchange traded products to manage market risk.

Investments will primarily be made in micro-to-mid cap companies listed on the ASX. Larger listed businesses will also be considered for investment but are not expected to meet the manager's investment criteria as regularly as smaller peers.
Manager CommentsThe Equitable Investors Dragonfly Fund has risen +39.07% over the past 12 months against the ASX200 Total Return Index's +15.48%. Since inception in September 2017, the fund has returned +3.89% on an annualised basis.

The fund has achieved these returns with an annualised volatility since inception of 23.14% and an average positive monthly return of +4.85% vs the index's +2.82%

Over the past 12 and 24 months, the fund has achieved up-capture ratios of 187% and 157% respectively, highlighting its capacity to significantly outperform in rising markets. Over the same periods it has achieved down-capture ratios of -140% (12-months) and 89% (24-months), indicating that the fund has, on average, outperformed during the months the market has fallen over those periods.
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