Fact Sheet
As at March 2024
As at March 2024
Firetrail Australian High Conviction Fund
APIR: WHT3810AU
Manager Summary
Firetrail is an investment management boutique founded in 2018. The firm was established with a goal to align our people with our clients. Importantly, the firm is majority owned by our investment staff and the team is invested alongside our clients in the investment strategies.
Pinnacle Investment Management Limited are partners and minority shareholders in the business.
Pinnacle Investment Management Limited are partners and minority shareholders in the business.
Strategy Summary
The Fund provides exposure to a concentrated portfolio of approximately 25 Australian securities at any time.
The process employs an unconstrained approach to fundamental research to identify companies Firetrail believe offer the most attractive forecast returns based on our medium-term view.
The Investment Manager aims to construct a high conviction portfolio of companies which the portfolio management team believes to be undervalued over a 3-year investment horizon.
The process employs an unconstrained approach to fundamental research to identify companies Firetrail believe offer the most attractive forecast returns based on our medium-term view.
The Investment Manager aims to construct a high conviction portfolio of companies which the portfolio management team believes to be undervalued over a 3-year investment horizon.
Key Terms
| Status: | Open | Inception Date: | Mar 2018 |
| Strategy: | Equity Long | Style: | Blend |
| Geography: | Australia/NZ | Domicile: | Australia |
| Investors: | Wholesale & Retail | Min. Investment: | AU$ 20,000 |
| Distributions: | 6 Monthly | Applications: | Daily |
| Fund Size: | AU$ 555m | Management Fee: | 0.90% |
| Manager FUM: | AU$ 1,098m | Performance Fee: | 15.00% |
Key Statistics
| Fund | Index* | Fund | Index* | ||
| Mar 2024: | 4.76% | 3.27% | Sharpe1: | 0.33 | 0.53 |
| 1 Year: | 6.98% | 14.45% | Sortino1: | 0.33 | 0.61 |
| 3 Years1,2: | 5.33% | 9.62% | Best Month1: | 14.73% | 10.21% |
| 5 Years1,2: | 7.18% | 9.15% | Worst Month1: | -22.97% | -20.65% |
| Inception1,2: | 5.70% | 8.80% | Volatility1,2: | 16.95% | 15.49% |
| Up-Capture1: | 81% | N/A | Down-Capture1: | 101% | N/A |
Cumulative Returns Fund Index
Firetrail Australian High Conviction Fund - Cumulative Performance vs ASX 200 Total Return
Drawdowns Fund Index
Drawdown%
Fund Index
Quintile Ranking vs. Equity Long - Large Cap - Australia Peer Group (115 funds) as at March 2024
1 Year
3 Year
5 Year
7 Year
Firetrail Australian High Conviction 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.