|Latest Return Date|
|Latest 6 Months|
|Latest 12 Months|
|Latest 24 Months (pa)|
|Annualised Since Inception|
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.
The Equitable Investors Dragonfly Fund has a track record of 4 years and 6 months and therefore comparison over all market conditions and against its peers is limited. Since inception in September 2017, the fund has returned +0.31% per annum, a difference of -8.58% relative to the index which has returned +8.89% on an annualised basis over the same period.
The Manager has delivered these returns with 7.91% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 four times over the past four years and which currently sits at 0.09 since inception. The fund has provided positive monthly returns 57% of the time in rising markets and 29% of the time during periods of market decline, contributing to an up-capture ratio since inception of 61% and a down-capture ratio of 109%.