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Printed: 02 December 2023 3:54 AM


9 Mar 2022 - Performance Report: Bennelong Australian Equities Fund


Report Date09 March 2022
ManagerBennelong Australian Equity Partners
Fund NameBennelong Australian Equities Fund
StrategyEquity Long
Latest Return DateFebruary 2022
Latest Return-4.57%
Latest 6 Months-14.94%
Latest 12 Months4.15%
Latest 24 Months (pa)15.52%
Annualised Since Inception13.85%
Inception Date30 January 2009
FUM (millions)AU$1037.65
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 returned -4.57% in February, a difference of -6.71% compared with the ASX 200 Total Return Index which rose by +2.14%. Over the past 12 months, the fund has risen by +4.15% compared with the index which has returned +10.19%, for a difference of -6.04%.

The Bennelong Australian Equities Fund has a track record of 13 years and 1 month and has outperformed the ASX 200 Total Return Index since inception in February 2009, providing investors with an annualised return of 13.85% compared with the index's return of 10.02% over the same period.

Over the past 12 months, the fund's largest drawdown was -15.96% vs the index's -6.35%, and since inception in February 2009 the fund's largest drawdown was -24.32% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in February 2020 and lasted 6 months, reaching its lowest point during March 2020. The fund had completely recovered its losses by August 2020.

The Manager has delivered these returns with 1.34% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 five times over the past five years and which currently sits at 0.81 since inception. The fund has provided positive monthly returns 91% of the time in rising markets and 18% of the time during periods of market decline, contributing to an up-capture ratio since inception of 135% and a down-capture ratio of 97%.
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