Fact Sheet
As at August 2023
As at August 2023
Watermark Absolute Return Fund
APIR: ETL8732AU
Manager Summary
Watermark is an active, high conviction fund manager investing in Australian public companies. Established in 2003 by Justin Braitling, who has over 30 years experience managing portfolios of Australian and International shares, Watermark comprises a team of experienced investment professionals based in Sydney.
Strategy Summary
The Fund employs a Long/Short equity strategy and seeks to provide absolute returns with a focus on capital preservation. The strategy exploits opportunities by taking positions in mispriced securities and taking advantage of the natural hedge between them.
The Fund expects to hold 40-70% of its gross exposure in top 100 ASX listed companies, with the balance outside the Top 100.
The Fund expects to hold 40-70% of its gross exposure in top 100 ASX listed companies, with the balance outside the Top 100.
Key Terms
| Status: | Open | Inception Date: | May 2019 |
| Strategy: | Equity Long/Short | Style: | Blend |
| Geography: | Australia | Domicile: | Australia |
| Investors: | Wholesale & Retail | Min. Investment: | AU$ 50,000 |
| Distributions: | 6 Monthly | Applications: | Monthly |
| Fund Size: | AU$ 88m | Management Fee: | 1.30% |
| Manager FUM: | AU$ 88m | Performance Fee: | N/A |
Key Statistics
| Fund | Index* | Fund | Index* | ||
| Aug 2023: | 0.20% | -0.73% | Sharpe1: | -0.01 | 0.45 |
| 1 Year: | -7.16% | 9.56% | Sortino1: | -0.05 | 0.47 |
| 3 Years1,2: | 0.49% | 10.68% | Best Month1: | 3.85% | 10.21% |
| 5 Years1,2: | N/A | N/A | Worst Month1: | -2.42% | -20.65% |
| Inception1,2: | 0.95% | 7.43% | Volatility1,2: | 4.47% | 16.80% |
| Up-Capture1: | 0% | N/A | Down-Capture1: | -6% | N/A |
Cumulative Returns Fund Index
Watermark Absolute Return Fund - Cumulative Performance vs ASX 200 Total Return
Drawdowns Fund Index
Drawdown%
Fund Index
Quintile Ranking vs. Equity Alternative - Australia Peer Group (124 funds) as at August 2023
No Quintile data found for peer group benchmark 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.