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Printed: 10 December 2022 9:09 PM
14 Sep 2022 - Performance Report: Bennelong Concentrated Australian Equities Fund
By: FundMonitors.com

Report Date14 September 2022
ManagerBennelong Australian Equity Partners
Fund NameBennelong Concentrated Australian Equities Fund
StrategyEquity Long
Latest Return DateAugust 2022
Latest Return-1.18%
Latest 6 Months-9.36%
Latest 12 Months-25.24%
Latest 24 Months (pa)1.98%
Annualised Since Inception14.15%
Inception Date30 January 2009
FUM (millions)AU$1533.6
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 returned -1.18% in August, a difference of -2.36% compared with the ASX 200 Total Return Index which rose by +1.18%.

The Bennelong Concentrated Australian Equities Fund has a track record of 13 years and 7 months and has outperformed the ASX 200 Total Return Index since inception in February 2009, providing investors with an annualised return of 14.15% compared with the index's return of 9.7% over the same period.

On a calendar year basis, the fund has experienced a negative annual return on 2 occasions in the 13 years and 7 months since its inception. Over the past 12 months, the fund's largest drawdown was -31.8% vs the index's -11.9%, and since inception in February 2009 the fund's largest drawdown was -31.8% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in December 2021 and has lasted 8 months, reaching its lowest point during June 2022. During this period, the index's maximum drawdown was -11.9%.

The Manager has delivered these returns with 1.98% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 five times over the past five years and which currently sits at 0.79 since inception. The fund has provided positive monthly returns 89% of the time in rising markets and 19% of the time during periods of market decline, contributing to an up-capture ratio since inception of 140% and a down-capture ratio of 96%.
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