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$ 75.8m Management Fee: 1.60%
Manager FUM: AU$ 230.3m Performance Fee: 20.00%

Key Statistics

Fund Index* Fund Index*
Feb 2024: 0.24% 4.61% Sharpe1: 1.10 0.24
1 Year: 10.47% 3.79% Sortino1: 2.01 0.15
3 Years1,2: N/A N/A Best Month1: 4.91% 12.74%
5 Years1,2: N/A N/A Worst Month1: -3.88% -22.08%
Inception1,2: 8.86% 5.01% Volatility1,2: 5.97% 24.49%
Up-Capture1: 16% N/A Down-Capture1: 1% N/A
*S&P/ASX Small Resources TR Index,   1Since May 2021,   2Annualised

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 (123 funds) as at February 2024

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.