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Printed: 21 April 2024 8:21 AM

24 Jan 2022 - Performance Report: Bennelong Concentrated Australian Equities Fund


Report Date24 January 2022
ManagerBennelong Australian Equity Partners (BAEP), a Bennelong boutique
Fund NameBennelong Concentrated Australian Equities Fund
StrategyEquity Long
Latest Return DateDecember 2021
Latest Return-1.78%
Latest 6 Months8.92%
Latest 12 Months27.27%
Latest 24 Months (pa)21.68%
Annualised Since Inception17.44%
Inception Date30 January 2009
FUM (millions)AU$2083.58
Fund OverviewThe Bennelong Concentrated Australian Equities Fund is a portfolio of BAEP's best high-conviction picks. It aims to grow investment value over the long term via a combination of capital growth and income, by investing in a diversified portfolio of Australian shares. It typically holds 20-35 stocks, primarily from the S&P/ASX 300 Accumulation Index.
Manager CommentsThe Bennelong Concentrated Australian Equities Fund has risen +27.27%, outperforming the ASX200 Total Return Index by +10.04%.

The Bennelong Concentrated Australian Equities Fund has a track record of 13 years and has consistently outperformed the ASX 200 Total Return Index since inception in February 2009, providing investors with a return of 17.44%, compared with the index's return of 10.54% over the same time period.

On a calendar basis the fund has had 2 negative annual returns in the 13 years since its inception. Its largest drawdown was -24.11% lasting 6 months, occurring between February 2020 and August 2020 when the index fell by a maximum of -26.75%.

The Manager has delivered higher returns but with higher volatility than the index, resulting in a Sharpe ratio which has fallen below 1 once and currently sits at 1.02 since inception. The fund has provided positive monthly returns 91% of the time in rising markets, and 20% of the time when the market was negative, contributing to an up capture ratio since inception of 157% and a down capture ratio of 91%.
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