NEWS
Performance Report: 4D Global Infrastructure Fund
20 Jul 2022 - FundMonitors.com
The 4D Global Infrastructure Fund has a track record of 6 years and 4 months and has outperformed the S&P Global Infrastructure TR (AUD) Index since inception in March 2016, providing investors with an annualised return of 8.79% compared...
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20 Jul 2022 - Performance Report: 4D Global Infrastructure Fund
By: FundMonitors.com
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| Fund Overview | The fund is managed as a single portfolio including regulated utilities in gas, electricity and water, transport infrastructure such as airports, ports, road and rail, as well as communication assets such as the towers and satellite sectors. The portfolio is intended to have exposure to both developed and emerging market opportunities, with country risk assessed internally before any investment is considered. The maximum absolute position of an individual stock is 7% of the fund. |
| Manager Comments | The 4D Global Infrastructure Fund has a track record of 6 years and 4 months and has outperformed the S&P Global Infrastructure TR (AUD) Index since inception in March 2016, providing investors with an annualised return of 8.79% compared with the index's return of 8.54% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 6 years and 4 months since its inception. Over the past 12 months, the fund's largest drawdown was -5.83% vs the index's -3.91%, and since inception in March 2016 the fund's largest drawdown was -19.77% vs the index's maximum drawdown over the same period of -24.67%. The fund's maximum drawdown began in February 2020 and lasted 2 years and 2 months, reaching its lowest point during September 2020. The fund had completely recovered its losses by April 2022. The Manager has delivered these returns with 0.36% less 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 0.69 since inception. The fund has provided positive monthly returns 96% of the time in rising markets and 13% of the time during periods of market decline, contributing to an up-capture ratio since inception of 100% and a down-capture ratio of 98%. |
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Performance Report: Quay Global Real Estate Fund (Unhedged)
19 Jul 2022 - FundMonitors.com
The Quay Global Real Estate Fund (Unhedged) has a track record of 6 years and 6 months and has outperformed the BBAREIT Index since inception in January 2016, providing investors with an annualised return of 6.77% compared with the index's...
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19 Jul 2022 - Performance Report: Quay Global Real Estate Fund (Unhedged)
By: FundMonitors.com
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| Fund Overview | The Fund will invest in a number of global listed real estate companies, groups or funds. The investment strategy is to make investments in real estate securities at a price that will deliver a real, after inflation, total return of 5% per annum (before costs and fees), inclusive of distributions over a longer-term period. The Investment Strategy is indifferent to the constraints of any index benchmarks and is relatively concentrated in its number of investments. The Fund is expected to own between 20 and 40 securities, and from time to time up to 20% of the portfolio maybe invested in cash. The Fund is $A un-hedged. |
| Manager Comments | The Quay Global Real Estate Fund (Unhedged) has a track record of 6 years and 6 months and has outperformed the BBAREIT Index since inception in January 2016, providing investors with an annualised return of 6.77% compared with the index's return of 6.17% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 6 years and 6 months since its inception. Over the past 12 months, the fund's largest drawdown was -17.02% vs the index's -12.08%, and since inception in January 2016 the fund's largest drawdown was -19.68% vs the index's maximum drawdown over the same period of -23.56%. The fund's maximum drawdown began in February 2020 and lasted 1 year and 4 months, reaching its lowest point during September 2020. The fund had completely recovered its losses by June 2021. The Manager has delivered these returns with 0.83% 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 0.52 since inception. The fund has provided positive monthly returns 71% of the time in rising markets and 34% of the time during periods of market decline, contributing to an up-capture ratio since inception of 63% and a down-capture ratio of 66%. |
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Performance Report: Cyan C3G Fund
19 Jul 2022 - FundMonitors.com
The Cyan C3G Fund has a track record of 7 years and 11 months and has outperformed the ASX Small Ordinaries Total Return Index since inception in August 2014, providing investors with an annualised return of 10.52% compared with the...
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19 Jul 2022 - Performance Report: Cyan C3G Fund
By: FundMonitors.com
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| Fund Overview | Cyan C3G Fund is based on the investment philosophy which can be defined as a comprehensive, clear and considered process focused on delivering growth. These are identified through stringent filter criteria and a rigorous research process. The Manager uses a proprietary stock filter in order to eliminate a large proportion of investments due to both internal characteristics (such as gearing levels or cash flow) and external characteristics (such as exposure to commodity prices or customer concentration). Typically, the Fund looks for businesses that fit one or more of the following criteria: a) under researched, b) fundamentally undervalued, c) have a catalyst for re-rating. The Manager seeks to achieve this investment outcome by actively managing a portfolio of Australian listed securities. When the opportunity to invest in suitable securities cannot be found, the manager may reduce the level of equities exposure and accumulate a defensive cash position. Whilst it is the company's intention, there is no guarantee that any distributions or returns will be declared, or that if declared, the amount of any returns will remain constant or increase over time. The Fund does not invest in derivatives and does not use debt to leverage performance. However, companies in which the Fund invests may be leveraged. |
| Manager Comments | On a calendar year basis, the fund has only experienced a negative annual return once in the 7 years and 11 months since its inception. Over the past 12 months, the fund's largest drawdown was -25.47% vs the index's -23.88%, and since inception in August 2014 the fund's largest drawdown was -36.45% vs the index's maximum drawdown over the same period of -29.12%. The fund's maximum drawdown began in October 2019 and lasted 1 year and 4 months, reaching its lowest point during March 2020. The fund had completely recovered its losses by February 2021. The Manager has delivered these returns with 1.08% 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 0.58 since inception. The fund has provided positive monthly returns 86% of the time in rising markets and 38% of the time during periods of market decline, contributing to an up-capture ratio since inception of 64% and a down-capture ratio of 65%. |
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Performance Report: Bennelong Australian Equities Fund
15 Jul 2022 - FundMonitors.com
The Bennelong Australian Equities Fund returned -7.71% in June, an outperformance of +1.06% compared with the ASX 200 Total Return Index which fell by -8.77%. The fund has outperformed the index since inception in February 2009, providing...
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15 Jul 2022 - Performance Report: Bennelong Australian Equities Fund
By: FundMonitors.com
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| Manager Comments | The Bennelong Australian Equities Fund has a track record of 13 years and 5 months and has outperformed the ASX 200 Total Return Index since inception in February 2009, providing investors with an annualised return of 11.96% compared with the index's return of 9.27% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 13 years and 5 months since its inception. Over the past 12 months, the fund's largest drawdown was -29.92% vs the index's -11.9%, and since inception in February 2009 the fund's largest drawdown was -29.92% 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 6 months, reaching its lowest point during June 2022. During this period, the index's maximum drawdown was -11.9%. The Manager has delivered these returns with 1.39% 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 0.69 since inception. The fund has provided positive monthly returns 91% of the time in rising markets and 17% of the time during periods of market decline, contributing to an up-capture ratio since inception of 129% and a down-capture ratio of 99%. |
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Performance Report: Insync Global Quality Equity Fund
15 Jul 2022 - FundMonitors.com
The Insync Global Quality Equity Fund returned -3.19% in June, an outperformance of +1.25% compared with the Global Equity Index which fell by -4.44%. The fund has outperformed the index since inception in October 2009, providing investors...
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15 Jul 2022 - Performance Report: Insync Global Quality Equity Fund
By: FundMonitors.com
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| Fund Overview | Insync invests in a concentrated portfolio of high quality companies that possess long 'runways' of future growth benefitting from Megatrends. Megatrends are multiyear structural and disruptive changes that transform the way we live our daily lives and result from a convergence of different underlying trends including innovation, politics, demographics, social attitudes and lifestyles. They provide important tailwinds to individual stocks and sectors, that reside within them. Insync believe this delivers exponential earnings growth ahead of market expectations. Insync screens the universe of 40,000 listed global companies to just 150 that it views as superior. This includes profitability, balance sheet performance, shareholder focus and valuations. 20-40 companies are then chosen for the portfolio. These reflect the best outcomes from further analysis using a proprietary DCF valuation, implied growth modelling, and free cash flow yield; alongside management, competitor, and industry scrutiny. The Fund may hold some cash (maximum of 5%), derivatives, currency contracts for hedging purposes, and American and/or Global Depository Receipts. It is however, for all intents and purposes, a 'long-only' fund, remaining fully invested irrespective of market cycles. |
| Manager Comments | The Insync Global Quality Equity Fund has a track record of 12 years and 9 months and has outperformed the Global Equity Index since inception in October 2009, providing investors with an annualised return of 11.47% compared with the index's return of 10.24% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 12 years and 9 months since its inception. Over the past 12 months, the fund's largest drawdown was -27.21% vs the index's -15.77%, and since inception in October 2009 the fund's largest drawdown was -27.21% vs the index's maximum drawdown over the same period of -15.77%. The fund's maximum drawdown began in January 2022 and has lasted 5 months, reaching its lowest point during June 2022. The Manager has delivered these returns with 1.47% 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 0.81 since inception. The fund has provided positive monthly returns 82% 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 83% and a down-capture ratio of 87%. |
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Performance Report: Insync Global Capital Aware Fund
14 Jul 2022 - FundMonitors.com
The Insync Global Capital Aware Fund returned -2.69% in June, an outperformance of +1.75% compared with the Global Equity Index which fell by -4.44%. The fund has underperformed the index since inception in October 2009, providing...
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14 Jul 2022 - Performance Report: Insync Global Capital Aware Fund
By: FundMonitors.com
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| Fund Overview | Insync invests in a concentrated portfolio of high quality companies that possess long 'runways' of future growth benefitting from Megatrends. Megatrends are multiyear structural and disruptive changes that transform the way we live our daily lives and result from a convergence of different underlying trends including innovation, politics, demographics, social attitudes and lifestyles. They provide important tailwinds to individual stocks and sectors, that reside within them. Insync believe this delivers exponential earnings growth ahead of market expectations. The fund uses Put Options to help buffer the depth and duration that sharp, severe negative market impacts would otherwide have on the value of the fund during these events. Insync screens the universe of 40,000 listed global companies to just 150 that it views as superior. This includes profitability, balance sheet performance, shareholder focus and valuations. 20-40 companies are then chosen for the portfolio. These reflect the best outcomes from further analysis using a proprietary DCF valuation, implied growth modelling, and free cash flow yield; alongside management, competitor, and industry scrutiny. The Fund may hold some cash (maximum of 5%), derivatives, currency contracts for hedging purposes, and American and/or Global Depository Receipts. It is however, for all intents and purposes, a 'long-only' fund, remaining fully invested irrespective of market cycles. |
| Manager Comments | The Insync Global Capital Aware Fund has a track record of 12 years and 9 months and has underperformed the Global Equity Index since inception in October 2009, providing investors with an annualised return of 9.59% compared with the index's return of 10.24% 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 9 months since its inception. Over the past 12 months, the fund's largest drawdown was -27.39% vs the index's -15.77%, and since inception in October 2009 the fund's largest drawdown was -27.39% vs the index's maximum drawdown over the same period of -15.77%. The fund's maximum drawdown began in January 2022 and has lasted 5 months, reaching its lowest point during June 2022. The Manager has delivered these returns with 0.83% 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 0.69 since inception. The fund has provided positive monthly returns 81% of the time in rising markets and 22% of the time during periods of market decline, contributing to an up-capture ratio since inception of 59% and a down-capture ratio of 82%. |
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Performance Report: L1 Capital Long Short Fund (Monthly Class)
13 Jul 2022 - FundMonitors.com
Over the past 12 months, the L1 Capital Long Short Fund (Monthly Class) has risen by +10.34% compared with the ASX 200 Total Return Index which has fallen -6.47%, for a difference of +16.81%. The fund has outperformed the index since...
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13 Jul 2022 - Performance Report: L1 Capital Long Short Fund (Monthly Class)
By: FundMonitors.com
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| Manager Comments | The L1 Capital Long Short Fund (Monthly Class) has a track record of 7 years and 10 months and has outperformed the ASX 200 Total Return Index since inception in September 2014, providing investors with an annualised return of 21.02% compared with the index's return of 6.23% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 7 years and 10 months since its inception. Over the past 12 months, the fund's largest drawdown was -13.39% vs the index's -11.9%, and since inception in September 2014 the fund's largest drawdown was -39.11% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in February 2018 and lasted 2 years and 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 6.65% 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 0.96 since inception. The fund has provided positive monthly returns 79% of the time in rising markets and 64% of the time during periods of market decline, contributing to an up-capture ratio since inception of 93% and a down-capture ratio of 18%. |
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Performance Report: DS Capital Growth Fund
12 Jul 2022 - FundMonitors.com
The DS Capital Growth Fund returned -6.2% in June, an outperformance of +2.57% compared with the ASX 200 Total Return Index which fell by -8.77%. The fund has outperformed the index since inception in January 2013, providing investors with...
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12 Jul 2022 - Performance Report: DS Capital Growth Fund
By: FundMonitors.com
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| Fund Overview | The investment team looks for industrial businesses that are simple to understand, generally avoiding large caps, pure mining, biotech and start-ups. They also look for: - Access to management; - Businesses with a competitive edge; - Profitable companies with good margins, organic growth prospects, strong market position and a track record of healthy dividend growth; - Sectors with structural advantage and barriers to entry; - 15% p.a. pre-tax compound return on each holding; and - A history of stable and predictable cash flows that DS Capital can understand and value. |
| Manager Comments | The DS Capital Growth Fund has a track record of 9 years and 6 months and has outperformed the ASX 200 Total Return Index since inception in January 2013, providing investors with an annualised return of 12.54% compared with the index's return of 8.06% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 9 years and 6 months since its inception. Over the past 12 months, the fund's largest drawdown was -21.05% vs the index's -11.9%, and since inception in January 2013 the fund's largest drawdown was -22.53% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in February 2020 and lasted 6 months, reaching its lowest point during March 2020. The fund had completely recovered its losses by August 2020. The Manager has delivered these returns with 1.91% less 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 0.94 since inception. The fund has provided positive monthly returns 89% of the time in rising markets and 33% of the time during periods of market decline, contributing to an up-capture ratio since inception of 66% and a down-capture ratio of 62%. |
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Performance Report: Bennelong Long Short Equity Fund
11 Jul 2022 - FundMonitors.com
The Bennelong Long Short Equity Fund returned -2.05% in June, an outperformance of +6.72% compared with the ASX 200 Total Return Index which fell by -8.77%. The fund has outperformed the index since inception in February 2002, providing...
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11 Jul 2022 - Performance Report: Bennelong Long Short Equity Fund
By: FundMonitors.com
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| Fund Overview | In a typical environment the Fund will hold around 70 stocks comprising 35 pairs. Each pair contains one long and one short position each of which will have been thoroughly researched and are selected from the same market sector. Whilst in an ideal environment each stock's position will make a positive return, it is the relative performance of the pair that is important. As a result the Fund can make positive returns when each stock moves in the same direction provided the long position outperforms the short one in relative terms. However, if neither side of the trade is profitable, strict controls are required to ensure losses are limited. The Fund uses no derivatives and has no currency exposure. The Fund has no hard stop loss limits, instead relying on the small average position size per stock (1.5%) and per pair (3%) to limit exposure. Where practical pairs are always held within the same sector to limit cross sector risk, and positions can be held for months or years. The Bennelong Market Neutral Fund, with same strategy and liquidity is available for retail investors as a Listed Investment Company (LIC) on the ASX. |
| Manager Comments | The Bennelong Long Short Equity Fund has a track record of 20 years and 5 months and has outperformed the ASX 200 Total Return Index since inception in February 2002, providing investors with an annualised return of 12.67% compared with the index's return of 7.65% over the same period. On a calendar year basis, the fund has experienced a negative annual return on 3 occasions in the 20 years and 5 months since its inception. Over the past 12 months, the fund's largest drawdown was -23.37% vs the index's -11.9%, and since inception in February 2002 the fund's largest drawdown was -30.59% vs the index's maximum drawdown over the same period of -47.19%. The fund's maximum drawdown began in September 2020 and has lasted 1 year and 9 months, reaching its lowest point during June 2022. During this period, the index's maximum drawdown was -15.05%. The Manager has delivered these returns with 0.32% less 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 0.73 since inception. The fund has provided positive monthly returns 64% of the time in rising markets and 60% of the time during periods of market decline, contributing to an up-capture ratio since inception of 5% and a down-capture ratio of -121%. |
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Performance Report: Argonaut Natural Resources Fund
8 Jul 2022 - FundMonitors.com
Over the past 12 months, the Argonaut Natural Resources Fund has risen by +44.18% compared with the ASX 200 Total Return Index which has fallen -6.47%, for a difference of +50.65%. The fund has outperformed the index since inception in...
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8 Jul 2022 - Performance Report: Argonaut Natural Resources Fund
By: FundMonitors.com
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| Fund Overview | At times, ANRF may consider holding higher levels of cash (max 30%) if valuations are full and it is difficult to find attractive investment opportunities. The Fund does not borrow for investment or any other purposes, but it may short sell securities as part of its portfolio protection strategies. |
| Manager Comments | The Argonaut Natural Resources Fund has a track record of 2 years and 6 months and therefore comparison over all market conditions and against its peers is limited. However, the fund has outperformed the ASX 200 Total Return Index since inception in January 2020, providing investors with an annualised return of 41.34% compared with the index's return of 2.77% over the same period. On a calendar year basis, the fund hasn't experienced any negative annual returns in the 2 years and 6 months since its inception. Over the past 12 months, the fund's largest drawdown was -19.06% vs the index's -11.9%, and since inception in January 2020 the fund's largest drawdown was -19.06% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in April 2022 and has lasted 2 months, reaching its lowest point during June 2022. During this period, the index's maximum drawdown was -11.9%. The Manager has delivered these returns with 4.18% more volatility than the index, contributing to a Sharpe ratio for performance over the past 12 months of 1.62 and for performance since inception of 1.58. The fund has provided positive monthly returns 80% of the time in rising markets and 40% of the time during periods of market decline, contributing to an up-capture ratio since inception of 201% and a down-capture ratio of 34%. |
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