Key Facts

Index Used: Barclay Hedge Global Macro Index Discretionary/Quantitative: Discretionary
Peer Group: Multi-Sector FUM (millions): Undisclosed
Investment Style: Blend Fund Inception Date: February 2021
Geographic Mandate: Global Latest Return Date: August 2022
Investor Type: Wholesale Status: Open
Minimum Investment: AU$ 100,000 Investment Frequency: Monthly

Manager Details

WealthLander is a privately owned, boutique investment manager serving wholesale investors. WealthLander offers strong client alignment, an actively managed diversified alternative portfolio and risk aware investment approach based upon high quality independent research and analysis.
WealthLander is a privately owned, boutique investment manager serving wholesale investors. WealthLander offers strong client alignment, an actively managed diversified alternative portfolio and risk aware investment approach based upon high quality independent research and analysis.

Strategy Description

The WealthLander Diversified Alternative Fund is a multi-strategy actively managed Fund of Funds investment that dynamically employs a wide range of investment strategies. It is designed to deliver investors a diversified portfolio with an absolute return focus, strong risk-adjusted returns, lower drawdowns and less volatility than a typical Australian equities fund.

The Fund provides investors with carefully considered exposure to some of the world's best single-strategy funds (some of which may be otherwise inaccessible to investors), and invests opportunistically in global markets. The Fund may be used as a standalone investment, or as an alternative or complement to growth funds (due to its return potential) or defensive funds (due to its risk target). The Fund is designed to be a good complement and alternative to portfolios holding traditional exposures across property, equities, fixed interest and cash.
The WealthLander Diversified Alternative Fund is a multi-strategy actively managed Fund of Funds investment that employs a wide range of investment strategies. It is designed to deliver investors a diversified portfolio with an absolute return focus, strong risk-adjusted returns, lower drawdowns and less volatility than a typical Australian equities fund.

Fund Fees

Management Fee: 0.8% Performance Fee: 20%
Buy Spread: 0.4% Sell spread: 0.4%
High Water Mark: Yes Hurdle: RBA Cash Rate

Fund Structure

Offshore/Onshore: Onshore Fund Structure: Unit Trust
Share Classes: AU$ Trustee/RE: Boutique Capital
Administrator: Boutique Capital Prime Broker: Interactive Brokers
Custodian: Boutique Capital Legal:

Ratings & Availability

Research Ratings

None.

Platform Availability

No Data.

Performance Review

The WealthLander Diversified Alternative Fund has a track record of 1 year and 7 months and therefore comparison over all market conditions and against its peers is limited. However, the fund has underperformed the Barclay Hedge Global Macro Index since inception in February 2021, providing investors with an annualised return of 7.99% compared with the index's return of 9.71% over the same period.

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 -0.04 and for performance since inception of 0.81. The fund has provided positive monthly returns 77% of the time in rising markets and 50% of the time during periods of market decline, contributing to an up-capture ratio since inception of 91% and a down-capture ratio of 116%.

The WealthLander Diversified Alternative Fund rose by +2.1% in August, an outperformance of +1.31% compared with the Barclay Hedge Global Macro Index which rose by +0.79%. Over the past 12 months, the fund's best monthly return was +3.2% compared with the index's best return of +4.92%, and its worst monthly return was -5.3% vs the index's worst return over the same period of -2.49%.

YearJan %Feb %Mar %Apr %May %Jun %Jul %Aug %Sep %Oct %Nov %Dec %YTD %
20220.300.302.10-1.90-5.30-5.002.502.10NANANANA-5.13
2021NA0.701.705.40-0.80-1.302.005.200.302.703.20-1.2519.05

Annual Returns

Over the past 12 months, the fund has returned -0.41% compared with the index which has returned +7.53%, for a difference of -7.94%. Since inception in February 2021, the fund has returned +7.99% per annum, a difference of -1.72% relative to the index which has returned +9.71% on an annualised basis over the same period.

Cumulative Returns

On a cumulative basis (assuming reinvestment of distributions), $100 invested since inception would have become $112. The same amount invested in the index over the same period would have become $115.

Annual Returns %

 
 

Volatility and Risk

Annual Standard Deviation

The fund's returns over the past 12 months have been achieved with a volatility of 9.55% vs the index's 6.2%. The annualised volatility of the fund's returns since inception in February 2021 is 9.68% vs the index's 5.5%.

Sharpe Ratio

The fund's Sharpe ratio is -0.04 for performance over the past 12 months vs the Barclay Hedge Global Macro Index's Sharpe of 1.13, and since inception the fund's Sharpe ratio is 0.81 vs the index's Sharpe of 1.66 for performance over the same period.

Annual Standard Deviation

 

Sharpe Ratio

 

Performance in Positive Markets

Since inception in February 2021 in the months where the market was positive, the fund has provided positive returns 77% of the time, contributing to an up-capture ratio since inception of 91.43%. For performance over the past 12 month, the fund's up-capture ratio is 55.49%.

Performance in Negative Markets

Since inception in February 2021 in the months where the market was negative, the fund has provided positive returns 50% of the time, contributing to a down-capture ratio since inception of 116.09%. For performance over the past 12 month, the fund's down-capture ratio is 155.26%.

Average Return in +ve Market %

 

Average Return in -ve Market %

 

Sortino Ratio

The fund's Sortino ratio (which excludes volatility in positive months) is -0.11 for performance over the past 12 months vs the Barclay Hedge Global Macro Index's Sortino of 3.75.

Drawdown

Over the past 12 months, the fund's largest drawdown was -11.74% vs the index's -2.68%, and since inception in February 2021 the fund's largest drawdown was -11.74% vs the index's maximum drawdown over the same period of -2.68%.

Sortino Ratio

 

Drawdown%

 
Fund Index Peer group

Quintile Ranking vs. Average Multi-Sector as of August 2022

The performance of the WealthLander Diversified Alternative Fund ranked it in the second quintile for Total Return, Sharpe and Sortino over 1 year.

Over the past 12 months, the fund has returned -0.41% compared with the peer group which has fallen an average of -2.88%, for a difference of +2.47%.

The fund's returns over the past 12 months have been achieved with a volatility of 9.55% vs the peer group's average volatility of 5.27%. The annualised volatility of the fund's returns since inception in February 2021 is 9.68% vs the peer group's 5.06%.

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WealthLander Diversified Alternative Fund
Barclay Hedge Global Macro Index
Quintile Rankings display Key Performance Indicators (KPI's) against the fund's Peer Group. Each green square ranks the fund in one quintile (or 20%) of its peer group - five green squares indicate the fund is in the best quintile for each KPI. The performance of the peer group's underlying index is shown by a red dot.