Fact Sheet
As at February 2025
As at February 2025
PURE Resources Fund
APIR: PUA1097AU
Manager Summary
PURE Asset Management was founded by Mike Henshaw, Nick Berry, and Tim Callan in 2018, and now has an overall team of six investment professionals with over 100 years' combined financial markets and funds management experience. PURE manage two funds, the PURE Income & Growth Fund and the PURE Resources Fund. Both share the same investment strategy across their respective sectors.
Strategy Summary
The PURE Resources Fund is a specialist hybrid equity fund with an absolute return focus, investing in Australian emerging resource companies. Each investment is initially implemented through a credit facility, but always with an attaching equity allocation in the form of warrants or options. The Fund targets a return of 15% per annum through the investment cycle from a mixture of capital growth via the equity, and income of 7-9% from the loan. While most investments involve ASX listed companies, the Manager has some flexibility to invest in pre-IPO opportunities.
Key Terms
| Status: | Open | Inception Date: | Apr 2021 |
| Strategy: | Equity Income | Style: | Growth |
| Geography: | Australia | Domicile: | Australia |
| Investors: | Wholesale | Min. Investment: | AU$ 250,000 |
| Distributions: | 6 Monthly | Applications: | Monthly |
| Fund Size: | AU$ 68.5m | Management Fee: | 1.60% |
| Manager FUM: | AU$ 230.3m | Performance Fee: | 20.00% |
Key Statistics
| Fund | Index* | Fund | Index* | ||
| Feb 2025: | -0.42% | -3.67% | Sharpe1: | 0.92 | 0.26 |
| 1 Year: | 4.94% | 9.35% | Sortino1: | 1.65 | 0.20 |
| 3 Years1,2: | 8.12% | 0.67% | Best Month1: | 4.91% | 12.74% |
| 5 Years1,2: | N/A | N/A | Worst Month1: | -3.88% | -22.08% |
| Inception1,2: | 7.82% | 6.12% | Volatility1,2: | 5.44% | 23.13% |
| Up-Capture1: | 14% | N/A | Down-Capture1: | 5% | N/A |
Cumulative Returns Fund Index
PURE Resources Fund - Cumulative Performance vs S&P/ASX Small Resources TR Index
Drawdowns Fund Index
Drawdown%
Fund Index
Quintile Ranking vs. Equity Alternative - Australia Peer Group (126 funds) as at February 2025
1 Year
3 Year
5 Year
7 Year
PURE Resources 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.