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Printed: 29 September 2023 8:42 PM


10 Mar 2022 - Performance Report: Bennelong Concentrated Australian Equities Fund


Report Date10 March 2022
ManagerBennelong Australian Equity Partners
Fund NameBennelong Concentrated Australian Equities Fund
StrategyEquity Long
Latest Return DateFebruary 2022
Latest Return-6.37%
Latest 6 Months-17.52%
Latest 12 Months3.15%
Latest 24 Months (pa)11.57%
Annualised Since Inception15.60%
Inception Date30 January 2009
FUM (millions)AU$1773
Fund OverviewThe Bennelong Concentrated Australian Equities Fund is a portfolio of BAEP's best high-conviction picks. 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 20-35 stocks, primarily from the S&P/ASX 300 Accumulation Index.
Manager CommentsThe Bennelong Concentrated Australian Equities Fund returned -6.37% in February, a difference of -8.51% compared with the ASX 200 Total Return Index which rose by +2.14%. Over the past 12 months, the fund has risen by +3.15% compared with the index which has returned +10.19%, for a difference of -7.04%.

The Bennelong Concentrated 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 15.6% compared with the index's return of 10.02% over the same period.

The Manager has delivered these returns with 1.8% 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 0.89 since inception. The fund has provided positive monthly returns 90% of the time in rising markets and 20% of the time during periods of market decline, contributing to an up-capture ratio since inception of 143% and a down-capture ratio of 93%.
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