Ardea Real Outcome Fund

APIR: HOW0098AU

Manager Summary

Founded in 2008, Ardea Investment Management is a fixed income investment manager with a focus on delivering controlled returns to clients.

Ardea adopts a unique 'relative value' investment approach which targets reliable risk-adjusted returns that are independent of market direction and exhibit low correlation to broader fixed income and equity markets.

Strategy Summary

Ardea's Real Outcome Fund adopts the 'relative value' investment strategy to access a wide range of fixed income return sources that are not affected by the level or direction of interest rates. The portfolio is constructed to achieve risk diversification by combining many modestly sized and uncorrelated relative value positions, so that no single position becomes a dominant driver of overall portfolio risk. Ardea believe this approach delivers more stable returns, with lower risk, compared to portfolios with large directional positions that can overwhelm a Fund's risk/return profile.

Key Terms

Status: Open Inception Date: Jul 2012
Strategy: Fixed Income Style: N/A
Geography: Australia/Global Domicile: Australia
Investors: Wholesale & Retail Min. Investment: AU$ 10,000
Distributions: Quarterly Liquidity: Daily
Fund Size: AU$ 9,071.6m Management Fee: 0.50%
Manager FUM: AU$ 13,300m Performance Fee: N/A

Key Statistics

Fund Index* Fund Index*
May 2022: -0.25% -0.89% Sharpe1: 1.06 0.36
1 Year: -1.53% -8.54% Sortino1: 1.78 0.46
3 Years2: 2.93% -1.76% Best Month: 1.67% 2.33%
5 Years2: 3.64% 0.99% Worst Month: -1.51% -3.75%
Inception2: 3.64% 2.76% Volatility1,2: 1.94% 3.50%
Up-Capture1: 42% N/A Down-Capture1: -21% N/A
*Bloomberg AusBond Composite 0+ Yr Index,   1Since Jul 2012,   2Annualised

Cumulative Returns
Fund Index

Ardea Real Outcome Fund - Cumulative Performance vs Bloomberg AusBond Composite 0+ Yr Index

 

Drawdowns
Fund Index

Drawdown%

 
Fund Index

Quintile Ranking vs. Fixed Income - Bonds Peer Group (70 funds) as at April 2022

1 Year
3 Year
5 Year
7 Year
Ardea Real Outcome Fund
Bloomberg AusBond Composite 0+ Yr 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.