Ellerston 2050 Fund

An actively managed portfolio of Australian listed and unlisted small to mid-sized companies which actively help reduce carbon emissions in the wider economy.

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Fund Overview

The Fund employs an active, research-driven investment approach which seeks to identify a portfolio of unlisted (pre-IPO and expansion capital) and listed (micro and small capitalisation) companies, with the aim of delivering superior returns to the Benchmark over time.

The Fund invests in companies that are believed to have the potential to deliver significant upside over the medium term and where there is a reasonable margin of safety to mitigate downside risk. Investments will generally be made in companies that have sound business franchises with attractive earnings profiles that operate in growth industries and trade at a discount to valuation. For inclusion in the portfolio, companies must, either directly or indirectly, demonstrate a pathway to aiding the abatement of carbon within Australia and the global economy.

  • Number of positions:
    • Typically 10 – 30 positions in unlisted/pre-IPO investments; and
    • 25 – 40 positions in listed micro and small capitalisation investments.
    • The maximum exposure to unlisted securities (including pre-IPO investments) is limited to 50% at cost of the Net Asset Value of the Fund.
  • Lock-up period: Three Years (from 31 May 2022)

We believe the small and micro cap segments of the market will play a critical role in reducing carbon emissions from large companies through enablement of technology solutions.

We strongly believe that small and micro cap companies will be the enabling “pick and shovel” businesses to their large cap counterparts, facilitating a transition to net-zero emissions by 2050 and experiencing super-normal growth as a by-product of this evolution.

The Fund invests in companies that are believed to have the potential to deliver significant upside over the medium term and where there is a reasonable margin of safety to mitigate downside risk. Investments will generally be made in companies that have sound business franchises with attractive earnings profiles that operate in growth industries and trade at a discount to valuation. For inclusion in the portfolio, companies must, either directly or indirectly, demonstrate a pathway to aiding the abatement of carbon within Australia and the global economy.

Unit Prices

Download historical prices
Date:
31/10/2024
Fund:
Ellerston 2050 Fund
Application:
1.2081
NAV:
1.2035
Redemption:
1.1989
Frequency:
Monthly

Performance

Download
As at 31/10/2024 1 Month3 Months1 YearSince
Inception p.a.
Ellerston 2050 Fund-1.44%2.37%34.09%8.04%
S&P/ASX Small Ordinaries Industrial Accumulation Index-1.12%1.15%31.11%6.42%
Alpha-0.32%1.22%2.98%1.62%

Disclaimer

The net return figure is calculated after fees and expenses. The benchmark is the S&P/ASX Small Ordinaries Industrials Accumulation Index. Since inception is 30 May 2022.

The performance figures presented are for the Ellerston 2050 Fund. The one month return figure may be an estimate and not the final return. This estimate also impacts other performance information provided. Estimated performance figures (where indicated) are preliminary and subject to change. Returns for other classes may differ slightly. Past performance is not indicative of future performance. Ellerston Capital Limited ABN 34 110 397 674 AFSL 283 000 is the trustee for the Ellerston 2050 Fund. The information supplied above has been prepared by Ellerston Capital Limited without taking account of the objectives, financial situation or needs of investors. Before making an investment decision about any Fund persons should obtain advice from an appropriate financial adviser, consider their own individual circumstances and obtain a copy of the relevant Information Memorandum for the Fund which is available on this website. This material has been prepared based on information believed to be accurate at the time of publication. Assumptions and estimates may have been made which may prove not to be accurate. Ellerston Capital undertakes no responsibility to correct any such inaccuracy. Subsequent changes in circumstances may occur at any time and may impact the accuracy of the information. To the full extent permitted by law, none of Ellerston Capital Limited, or any member of the Ellerston Capital Limited Group of companies makes any warranty as to the accuracy or completeness of the information in this website and disclaims all liability that may arise due to any information contained in this website being inaccurate, unreliable or incomplete.

 

Performance Graph

Performance

Download
As at 31/10/2024 1 Month3 Months1 YearSince
Inception p.a.
Ellerston 2050 Fund-1.44%2.37%34.09%8.04%
S&P/ASX Small Ordinaries Industrial Accumulation Index-1.12%1.15%31.11%6.42%
Alpha-0.32%1.22%2.98%1.62%

Disclaimer

The net return figure is calculated after fees and expenses. The benchmark is the S&P/ASX Small Ordinaries Industrials Accumulation Index. Since inception is 30 May 2022.

The performance figures presented are for the Ellerston 2050 Fund. The one month return figure may be an estimate and not the final return. This estimate also impacts other performance information provided. Estimated performance figures (where indicated) are preliminary and subject to change. Returns for other classes may differ slightly. Past performance is not indicative of future performance. Ellerston Capital Limited ABN 34 110 397 674 AFSL 283 000 is the trustee for the Ellerston 2050 Fund. The information supplied above has been prepared by Ellerston Capital Limited without taking account of the objectives, financial situation or needs of investors. Before making an investment decision about any Fund persons should obtain advice from an appropriate financial adviser, consider their own individual circumstances and obtain a copy of the relevant Information Memorandum for the Fund which is available on this website. This material has been prepared based on information believed to be accurate at the time of publication. Assumptions and estimates may have been made which may prove not to be accurate. Ellerston Capital undertakes no responsibility to correct any such inaccuracy. Subsequent changes in circumstances may occur at any time and may impact the accuracy of the information. To the full extent permitted by law, none of Ellerston Capital Limited, or any member of the Ellerston Capital Limited Group of companies makes any warranty as to the accuracy or completeness of the information in this website and disclaims all liability that may arise due to any information contained in this website being inaccurate, unreliable or incomplete.

 

Performance Graph

Important Documents

Information Memorandum AMIT Fund Payment Notice – Ellerston 2050 Fund (June 2024)

Fund Newsletter

October Newsletter

Investment Team

David Keelan
Chief Investment Officer & Portfolio Manager
Alexandra Clarke
Portfolio Manager
Daniel Ragonese
Investment Analyst
James Barker
Deputy Portfolio Manager
Aiden Horne
Investment Analyst
Media Release

CEFC and Qantas Super back companies to fast-track net-zero transition with 2050 Fund

The CEFC has ramped up investment in companies that are fast-tracking the decarbonisation of the economy, with a $50 million cornerstone investment in the Ellerston 2050 Fund alongside a $50 million commitment from Qantas Super to support the work of Australia’s carbon abatement “enablers”.

Read More

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Note: the strategy is available to Wholesale & Sophisticated investors only.

Ellerston 2050 Fund

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