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Printed: 25 September 2023 11:27 PM


17 Mar 2022 - Performance Report: Equitable Investors Dragonfly Fund


Report Date17 March 2022
ManagerEquitable Investors
Fund NameEquitable Investors Dragonfly Fund
StrategyEquity Long
Latest Return DateFebruary 2022
Latest Return-2.81%
Latest 6 Months-10.78%
Latest 12 Months-8.73%
Latest 24 Months (pa)20.77%
Annualised Since Inception0.31%
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 returned -2.81% in February, a difference of -4.95% compared with the ASX 200 Total Return Index which rose by +2.14%. Over the past 12 months, the fund's best monthly return was +6.84% compared with the index's best return of +3.47%, and its worst monthly return was -8.36% vs the index's worst return over the same period of -6.35%.

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%.
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Australian Fund Monitors Pty Ltd
A.C.N. 122 226 724
AFSL 324476
Email: [email protected]