NEWS
Fund Review: Bennelong Kardinia Absolute Return Fund April 2022
26 May 2022 - FundMonitors.com
The latest Fund Review for the Bennelong Kardinia Absolute Return Fund is now available. The Fund, which has been in operation for more than 10 years, has a long-biased, research driven, active equity long/short strategy and invests in...
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26 May 2022 - Fund Review: Bennelong Kardinia Absolute Return Fund April 2022
By: FundMonitors.com
AFM Fund Review - April 2022 (pdf format)
BENNELONG KARDINIA ABSOLUTE RETURN FUND
Attached is our most recently updated Fund Review. You are also able to view the Fund's Profile.
- The Fund is long biased, research driven, active equity long/short strategy investing in listed ASX companies.
- The Fund has significantly outperformed the ASX200 Accumulation Index since its inception in May 2006 and also has significantly lower risk KPIs. The Fund has an annualised return of 7.89% p.a. with a volatility of 7.70%, compared to the ASX200 Accumulation's return of 6.63% p.a. with a volatility of 14.14%.
- The Fund also has a strong focus on capital protection in negative markets. Portfolio Managers Kristiaan Rehder and Stuart Larke have significant market experience, while Bennelong Funds Management provide infrastructure, operational, compliance and distribution capabilities.
For further details on the Fund, please do not hesitate to contact us.
AFM Fund Review - April 2022 (pdf format)
Performance Report: Equitable Investors Dragonfly Fund
25 May 2022 - FundMonitors.com
The Equitable Investors Dragonfly Fund returned -2.60% in April vs the ASX200 Total Return's -0.85%. The top contributor during the month was Scout Security (SCT) while the key detractors were EML Payments (EML) and Spacetalk (SPA).
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25 May 2022 - Performance Report: Equitable Investors Dragonfly Fund
By: FundMonitors.com
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| Fund Overview | The Fund is an open ended, unlisted unit trust investing predominantly in ASX listed companies. Hybrid, debt & unlisted investments are also considered. The Fund is focused on investing in growing or strategic businesses and generating returns that, to the extent possible, are less dependent on the direction of the broader sharemarket. The Fund may at times change its cash weighting or utilise exchange traded products to manage market risk. Investments will primarily be made in micro-to-mid cap companies listed on the ASX. Larger listed businesses will also be considered for investment but are not expected to meet the manager's investment criteria as regularly as smaller peers. |
| Manager Comments | The fund ended the month with 31 positions and 3% in cash (including cash ETF). The fund's top positions at month-end included Earlypay, Geo (NZX-listed), MedAdvisor, Ellume (unlisted), Intelligent Monitoring, Scout Security, Energy Technologies, Mad Paws and Upsure. Equitable see fundamentals being more compelling now than they have been for some time. However, they noted they don't necessarily see equity markets snapping back upwards. They believe it's more likely there will be ongoing sentiment swings as the world adjusts to higher interest rates, central banks juggle inflation and employment targets and geopolitical instability looms. |
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Fund Review: Bennelong Twenty20 Australian Equities Fund April 2022
25 May 2022 - FundMonitors.com
The latest Fund Review on Bennelong Twenty20 Australian Equities Fund is now available. The Fund invests in ASX listed stocks, combining an indexed position in the Top 20 stocks with an actively managed portfolio of ex-20 stocks.
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25 May 2022 - Fund Review: Bennelong Twenty20 Australian Equities Fund April 2022
By: FundMonitors.com
Fund Review - April 2022 (pdf format)
BENNELONG TWENTY20 AUSTRALIAN EQUITIES FUND
Attached is our most recently updated Fund Review on the Bennelong Twenty20 Australian Equities Fund.
- The Bennelong Twenty20 Australian Equities Fund invests in ASX listed stocks, combining an indexed position in the Top 20 stocks with an actively managed portfolio of stocks outside the Top 20. Construction of the ex-top 20 portfolio is fundamental, bottom-up, core investment style, biased to quality stocks, with a structured risk management approach.
- Mark East, the Fund's Chief Investment Officer, and Keith Kwang, Director of Quantitative Research have over 50 years combined market experience. Bennelong Funds Management (BFM) provides the investment manager, Bennelong Australian Equity Partners (BAEP) with infrastructure, operational, compliance and distribution services.
For further details on the Fund, please do not hesitate to contact us.
Fund Review - April 2022 (pdf format)
Fund Review: Insync Global Capital Aware Fund April 2022
23 May 2022 - FundMonitors.com
Latest Fund Review on Insync Global Capital Aware Fund is now available. The Global Capital Aware Fund invests in a concentrated portfolio of 15-30 stocks, targeting exceptional, large cap global companies with a strong focus on dividend...
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23 May 2022 - Fund Review: Insync Global Capital Aware Fund April 2022
By: FundMonitors.com
AFM Fund Review - April 2022 (pdf format)
INSYNC GLOBAL CAPITAL AWARE FUND
Attached is our most recently updated Fund Review on the Insync Global Capital Aware Fund.
We would like to highlight the following:
- The Global Capital Aware Fund invests in a concentrated portfolio of 15-30 stocks, targeting exceptional, large cap global companies with a strong focus on dividend growth and downside protection.
- Portfolio selection is driven by a core strategy of investing in companies with sustainable growth in dividends, high returns on capital, positive free cash flows and strong balance sheets.
- Emphasis on limiting downside risk is through extensive company research, the ability to hold cash and long protective index put options.
For further details on the Fund, please do not hesitate to contact us.
AFM Fund Review - April 2022 (pdf format)
Performance Report: Paragon Australian Long Short Fund
20 May 2022 - FundMonitors.com
The Paragon Australian Long Short Fund returned -3.25% in April. The fund has a track record of 9 years and 2 months and has outperformed the ASX 200 Total Return Index since inception in March 2013, providing investors with an annualised...
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20 May 2022 - Performance Report: Paragon Australian Long Short Fund
By: FundMonitors.com
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| Fund Overview | Paragon's unique investment style, comprising thematic led idea generation followed with an in depth research effort, results in a concentrated portfolio of high conviction stocks. Conviction in bottom up analysis drives the investment case and ultimate position sizing: * Both quantitative analysis - probability weighted high/low/base case valuations - and qualitative analysis - company meetings, assessing management, the business model, balance sheet strength and likely direction of returns - collectively form Paragon's overall view for each investment case. * Paragon will then allocate weighting to each investment opportunity based on a risk/reward profile, capped to defined investment parameters by market cap, which are continually monitored as part of Paragon's overall risk management framework. The objective of the Paragon Fund is to produce absolute returns in excess of 10% p.a. over a 3-5 year time horizon with a low correlation to the Australian equities market. |
| Manager Comments | The Paragon Australian Long Short Fund has a track record of 9 years and 2 months and has outperformed the ASX 200 Total Return Index since inception in March 2013, providing investors with an annualised return of 13.24% compared with the index's return of 8.57% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 9 years and 2 months since its inception. Over the past 12 months, the fund's largest drawdown was -27.05% vs the index's -6.35%, and since inception in March 2013 the fund's largest drawdown was -45.11% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in January 2018 and lasted 2 years and 7 months, reaching its lowest point during March 2020. The fund had completely recovered its losses by August 2020. The Manager has delivered these returns with 12.25% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 four times over the past five years and which currently sits at 0.55 since inception. The fund has provided positive monthly returns 69% of the time in rising markets and 45% of the time during periods of market decline, contributing to an up-capture ratio since inception of 107% and a down-capture ratio of 84%. |
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Performance Report: Delft Partners Global High Conviction Strategy
19 May 2022 - FundMonitors.com
The Delft Partners Global High Conviction Strategy returned -1.1% in April, an outperformance of +1.4% compared with the Global Equity Index which fell by -2.5%. The strategy has a track record of 10 years and 9 months and has outperformed...
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19 May 2022 - Performance Report: Delft Partners Global High Conviction Strategy
By: FundMonitors.com
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| Fund Overview | The quantitative model is proprietary and designed in-house. The critical elements are Valuation, Momentum, and Quality (VMQ) and every stock in the global universe is scored and ranked. Verification of the quant model scores is then cross checked by fundamental analysis in which a company's Accounting policies, Governance, and Strategic positioning is evaluated. The manager believes strategy is suited to investors seeking returns from investing in global companies, diversification away from Australia and a risk aware approach to global investing. It should be noted that this is a strategy in an IMA format and is not offered as a fund. An IMA solution can be a more cost and tax effective solution, for clients who wish to own fewer stocks in a long only strategy. |
| Manager Comments | The Delft Partners Global High Conviction Strategy has a track record of 10 years and 9 months and has outperformed the Global Equity Index since inception in August 2011, providing investors with an annualised return of 14.65% compared with the index's return of 13.23% over the same period. On a calendar year basis, the strategy has experienced a negative annual return on 2 occasions in the 10 years and 9 months since its inception. Over the past 12 months, the strategy's largest drawdown was -6.74% vs the index's -10.7%, and since inception in August 2011 the strategy's largest drawdown was -13.33% vs the index's maximum drawdown over the same period of -13.19%. The strategy's maximum drawdown began in February 2020 and lasted 1 year, reaching its lowest point during July 2020. The strategy had completely recovered its losses by February 2021. The Manager has delivered these returns with 1.32% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 four times over the past five years and which currently sits at 1.08 since inception. The strategy has provided positive monthly returns 88% of the time in rising markets and 13% of the time during periods of market decline, contributing to an up-capture ratio since inception of 100% and a down-capture ratio of 92%. |
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Performance Report: Bennelong Emerging Companies Fund
19 May 2022 - FundMonitors.com
The Bennelong Emerging Companies Fund returned -3.73% in April. The fund has outperformed the ASX 200 Total Return Index since inception in November 2017, providing investors with an annualised return of 23.5% compared with the index's...
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19 May 2022 - Performance Report: Bennelong Emerging Companies Fund
By: FundMonitors.com
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| Manager Comments | The Bennelong Emerging Companies Fund has a track record of 4 years and 6 months and therefore comparison over all market conditions and against its peers is limited. However, the fund has outperformed the ASX 200 Total Return Index since inception in November 2017, providing investors with an annualised return of 23.5% compared with the index's return of 9.35% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 4 years and 6 months since its inception. Over the past 12 months, the fund's largest drawdown was -11.38% vs the index's -6.35%, and since inception in November 2017 the fund's largest drawdown was -41.74% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in December 2019 and lasted 10 months, reaching its lowest point during March 2020. The fund had completely recovered its losses by October 2020. The Manager has delivered these returns with 14.55% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 three times over the past four years and which currently sits at 0.85 since inception. The fund has provided positive monthly returns 81% of the time in rising markets and 35% of the time during periods of market decline, contributing to an up-capture ratio since inception of 270% and a down-capture ratio of 120%. |
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Performance Report: Insync Global Quality Equity Fund
18 May 2022 - FundMonitors.com
The Insync Global Quality Equity Fund returned -5.9% in April. The fund has a track record of 12 years and 7 months and has outperformed the Global Equity Index since inception in October 2009, providing investors with an annualised return...
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18 May 2022 - Performance Report: Insync Global Quality Equity Fund
By: FundMonitors.com
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| Fund Overview | Insync invests in a concentrated portfolio of high quality companies that possess long 'runways' of future growth benefitting from Megatrends. Megatrends are multiyear structural and disruptive changes that transform the way we live our daily lives and result from a convergence of different underlying trends including innovation, politics, demographics, social attitudes and lifestyles. They provide important tailwinds to individual stocks and sectors, that reside within them. Insync believe this delivers exponential earnings growth ahead of market expectations. Insync screens the universe of 40,000 listed global companies to just 150 that it views as superior. This includes profitability, balance sheet performance, shareholder focus and valuations. 20-40 companies are then chosen for the portfolio. These reflect the best outcomes from further analysis using a proprietary DCF valuation, implied growth modelling, and free cash flow yield; alongside management, competitor, and industry scrutiny. The Fund may hold some cash (maximum of 5%), derivatives, currency contracts for hedging purposes, and American and/or Global Depository Receipts. It is however, for all intents and purposes, a 'long-only' fund, remaining fully invested irrespective of market cycles. |
| Manager Comments | The Insync Global Quality Equity Fund has a track record of 12 years and 7 months and has outperformed the Global Equity Index since inception in October 2009, providing investors with an annualised return of 12.23% compared with the index's return of 10.9% over the same period. On a calendar year basis, the fund has only experienced a negative annual return once in the 12 years and 7 months since its inception. Over the past 12 months, the fund's largest drawdown was -22.17% vs the index's -10.7%, and since inception in October 2009 the fund's largest drawdown was -22.17% vs the index's maximum drawdown over the same period of -13.59%. The fund's maximum drawdown began in January 2022 and has lasted 3 months, reaching its lowest point during April 2022. During this period, the index's maximum drawdown was -10.7%. The Manager has delivered these returns with 1.48% 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 0.86 since inception. The fund has provided positive monthly returns 82% of the time in rising markets and 21% of the time during periods of market decline, contributing to an up-capture ratio since inception of 83% and a down-capture ratio of 85%. |
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Performance Report: Bennelong Concentrated Australian Equities Fund
18 May 2022 - FundMonitors.com
The Bennelong Concentrated Australian Equities Fund returned -5.91% in April. The fund has a track record of 13 years and 3 months and has outperformed the ASX 200 Total Return Index since inception in February 2009, providing investors...
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18 May 2022 - Performance Report: Bennelong Concentrated Australian Equities Fund
By: FundMonitors.com
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| Manager Comments | The Bennelong Concentrated Australian Equities Fund has a track record of 13 years and 3 months and has outperformed the ASX 200 Total Return Index since inception in February 2009, providing investors with an annualised return of 15.07% compared with the index's return of 10.37% 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 3 months since its inception. Over the past 12 months, the fund's largest drawdown was -20.9% vs the index's -6.35%, and since inception in February 2009 the fund's largest drawdown was -24.11% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in February 2020 and lasted 6 months, reaching its lowest point during March 2020. The fund had completely recovered its losses by August 2020. The Manager has delivered these returns with 1.81% 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 0.86 since inception. The fund has provided positive monthly returns 90% 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 137% and a down-capture ratio of 94%. |
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Performance Report: Glenmore Australian Equities Fund
17 May 2022 - FundMonitors.com
The Glenmore Australian Equities Fund rose by +3.07% in April, an outperformance of +3.92% compared with the ASX 200 Total Return Index which fell by -0.85%. The fund has outperformed the index since inception in June 2017, providing...
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17 May 2022 - Performance Report: Glenmore Australian Equities Fund
By: FundMonitors.com
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| Fund Overview | The main driver of identifying potential investments will be bottom up company analysis, however macro-economic conditions will be considered as part of the investment thesis for each stock. |
| Manager Comments | The Glenmore Australian Equities Fund has a track record of 4 years and 11 months and therefore comparison over all market conditions and against its peers is limited. However, the fund has outperformed the ASX 200 Total Return Index since inception in June 2017, providing investors with an annualised return of 25.4% compared with the index's return of 9.58% over the same period. On a calendar year basis, the fund hasn't experienced any negative annual returns in the 4 years and 11 months since its inception. Over the past 12 months, the fund's largest drawdown was -8.65% vs the index's -6.35%, and since inception in June 2017 the fund's largest drawdown was -36.91% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in October 2019 and lasted 1 year and 1 month, reaching its lowest point during March 2020. The fund had completely recovered its losses by November 2020. The Manager has delivered these returns with 7.18% more volatility than the index, contributing to a Sharpe ratio which has only fallen below 1 once over the past four years and which currently sits at 1.13 since inception. The fund has provided positive monthly returns 90% of the time in rising markets and 42% of the time during periods of market decline, contributing to an up-capture ratio since inception of 232% and a down-capture ratio of 96%. |
| More Information |
