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Printed: 05 February 2023 8:57 AM

25 Jan 2022 - Performance Report: Bennelong Emerging Companies Fund


Report Date25 January 2022
ManagerBennelong Australian Equity Partners (BAEP), a Bennelong boutique
Fund NameBennelong Emerging Companies Fund
StrategyEquity Long
Latest Return DateDecember 2021
Latest Return-2.55%
Latest 6 Months12.00%
Latest 12 Months26.93%
Latest 24 Months (pa)20.32%
Annualised Since Inception28.44%
Inception Date01 November 2017
FUM (millions)AU$121.15
Fund OverviewThe Bennelong Emerging Companies Fund provides exposure to small-cap and micro-cap stocks listed on the ASX. As these stocks are often less well known and researched, BAEP aims to be disciplined in focusing on higher quality and lower risk options that they believe have solid growth prospects.
Manager CommentsThe Bennelong Emerging Companies Fund has risen +26.93% over the past 12 months vs the ASX200 Total Return Index's +17.23%.

The Bennelong Emerging Companies Fund has a track record of 4 years and 2 months and therefore comparison over all market conditions and against the fund's peers is limited. However, since inception in November 2017, the fund has outperformed the ASX 200 Total Return Index, providing investors with an annualised return of 28.44%, compared with the index's return of 9.77% over the same time period.

On a calendar basis the fund has had 1 negative annual return in the 4 years and 2 months since its inception. Its largest drawdown was -41.74% lasting 10 months, occurring between December 2019 and October 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 three times and currently sits at 0.97 since inception. The fund has provided positive monthly returns 83% of the time in rising markets, and 40% of the time when the market was negative, contributing to an up capture ratio since inception of 298% and a down capture ratio of 117%.
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