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Printed: 10 December 2022 7:53 PM

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14 Oct 2022 - Performance Report: Bennelong Concentrated Australian Equities Fund
By: FundMonitors.com

Report Date14 October 2022
ManagerBennelong Australian Equity Partners
Fund NameBennelong Concentrated Australian Equities Fund
StrategyEquity Long
Latest Return DateSeptember 2022
Latest Return-8.28%
Latest 6 Months-18.88%
Latest 12 Months-30.55%
Latest 24 Months (pa)-1.38%
Annualised Since Inception13.34%
Inception Date30 January 2009
FUM (millions)AU$1406.64
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 -8.28% in September, a difference of -2.11% compared with the ASX 200 Total Return Index which fell by -6.17%.

The Bennelong Concentrated Australian Equities Fund has a track record of 13 years and 8 months and has outperformed the ASX 200 Total Return Index since inception in February 2009, providing investors with an annualised return of 13.34% compared with the index's return of 9.12% over the same period.

On a calendar year basis, the fund has experienced a negative annual return on 2 occasions in the 13 years and 8 months since its inception. Over the past 12 months, the fund's largest drawdown was -31.81% vs the index's -11.9%, and since inception in February 2009 the fund's largest drawdown was -31.81% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in December 2021 and has lasted 9 months, reaching its lowest point during September 2022. During this period, the index's maximum drawdown was -11.9%.

The Manager has delivered these returns with 2.06% more volatility than the index, contributing to a Sharpe ratio for performance over the past 12 months of -1.76 and for performance since inception of 0.74. The fund has provided positive monthly returns 89% 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 140% and a down-capture ratio of 97%.
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