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Printed: 08 December 2022 1:01 AM

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20 Jun 2022 - Performance Report: Bennelong Twenty20 Australian Equities Fund
By: FundMonitors.com

Report Date20 June 2022
ManagerBennelong Australian Equity Partners
Fund NameBennelong Twenty20 Australian Equities Fund
StrategyEquity Long
Latest Return DateMay 2022
Latest Return-6.00%
Latest 6 Months-14.37%
Latest 12 Months-7.76%
Latest 24 Months (pa)13.72%
Annualised Since Inception9.96%
Inception Date02 December 2015
FUM (millions)AU$60.47
Fund OverviewThe Bennelong Twenty20 Australian Equities Fund provides exposure to the S&P/ASX300 universe through a combination of actively managed ex-20 stocks and a passive exposure to the top 20 stocks. It aims to give investors a cost-effective opportunity to access BAEP's proven ex-20 strategy combined with an index position in the top 20.
Manager CommentsThe Bennelong Twenty20 Australian Equities Fund returned -6% in May, a difference of -3.4% compared with the ASX 200 Total Return Index which fell by -2.6%.

The Bennelong Twenty20 Australian Equities Fund has a track record of 12 years and 7 months and has outperformed the ASX 200 Total Return Index since inception in November 2009, providing investors with an annualised return of 9.96% compared with the index's return of 8.02% over the same period.

On a calendar year basis, the fund has experienced a negative annual return on 2 occasions in the 12 years and 7 months since its inception. Over the past 12 months, the fund's largest drawdown was -15.06% vs the index's -6.35%, and since inception in November 2009 the fund's largest drawdown was -26.09% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in February 2020 and lasted 9 months, reaching its lowest point during March 2020. The fund had completely recovered its losses by November 2020.

The Manager has delivered these returns with 0.63% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 four times over the past five years and which currently sits at 0.61 since inception. The fund has provided positive monthly returns 95% of the time in rising markets and 7% of the time during periods of market decline, contributing to an up-capture ratio since inception of 117% and a down-capture ratio of 98%.
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