Fact Sheet
As at March 2024
As at March 2024
Glenmore Australian Equities Fund
Manager Summary
Glenmore Asset Management is a boutique equities investment manager servicing wholesale investors. Glenmore manages the Glenmore Australian Equities Fund which has a diversified portfolio of Australian equities.
Strategy Summary
The Fund is index unaware with an absolute return focus and seeks to invest in companies generating strong cashflows at attractive valuations. In the absence of attractive investment opportunities, the Fund will hold cash. Glenmore uses a fundamental, research driven process to identify undervalued securities.
The Fund does not use any leverage (ie gearing), derivatives and does not short sell securities.
The main driver identifying potential investments is bottom up analysis, however macro-economic conditions will be considered as part of the investment thesis for each stock.
The Fund does not use any leverage (ie gearing), derivatives and does not short sell securities.
The main driver identifying potential investments is bottom up analysis, however macro-economic conditions will be considered as part of the investment thesis for each stock.
Key Terms
| Status: | Open | Inception Date: | Jun 2017 |
| Strategy: | Equity Long | Style: | Blend |
| Geography: | Australia/NZ | Domicile: | Australia |
| Investors: | Wholesale | Min. Investment: | AU$ 200,000 |
| Distributions: | Annually | Applications: | Monthly |
| Fund Size: | AU$ 22m | Management Fee: | 1.20% |
| Manager FUM: | AU$ 22m | Performance Fee: | 20.00% |
Key Statistics
| Fund | Index* | Fund | Index* | ||
| Mar 2024: | 4.98% | 3.27% | Sharpe1: | 0.89 | 0.57 |
| 1 Year: | 25.10% | 14.45% | Sortino1: | 1.12 | 0.67 |
| 3 Years1,2: | 18.71% | 9.62% | Best Month1: | 16.63% | 10.21% |
| 5 Years1,2: | 18.14% | 9.15% | Worst Month1: | -29.34% | -20.65% |
| Inception1,2: | 19.94% | 9.09% | Volatility1,2: | 21.77% | 14.69% |
| Up-Capture1: | 257% | N/A | Down-Capture1: | 109% | N/A |
General Notes
The performance fee will only be accrued if the Fund meets the following three conditions: The Fund outperforms the Hurdle, the Fund makes up any underperformance from prior Performance Period(s) and the Fund return is positive.
Cumulative Returns Fund Index
Glenmore Australian Equities Fund - Cumulative Performance vs ASX 200 Total Return
Drawdowns Fund Index
Drawdown%
Fund Index
Quintile Ranking vs. Equity Long - Small/Mid Cap - Australia Peer Group (94 funds) as at March 2024
1 Year
3 Year
5 Year
7 Year
Glenmore Australian Equities Fund
ASX200 Total Return
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.