Australian Market Neutral Fund

Returns uncorrelated to traditional asset classes with a strong focus on capital preservation.

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Fund overview

The Ellerston Australian Market Neutral Fund harnesses a unique investment process to produce consistent returns over time regardless of market conditions. The strategy is designed to help reduce or eliminate the extreme highs and lows that so often characterise sharemarket investments, controlling risk and providing more stable returns over time.

  • Absolute Return Fund aiming to generate positive returns in all market environments.
  • Lower volatility than traditional equity markets.
  • Provide returns independent of traditional asset class returns, providing a high level of portfolio diversification.
  • The Fund identifies pairs of securities that have exhibited a historical long term relationship and that have become temporarily dislocated, causing a relative mis-pricing

The strategy uses a systematic, statistical arbitrage approach to select long and short (pair) trades within its Relative Value portfolios and combines this with a fundamental overlay.

Performance (Net %)

Download
As at 30/04/2021 1 Month3 Months6 Months1 year3 years p.a.5 years p.a.Since
Inception p.a.
Australian Market Neutral Fund2.25%4.53%11.86%33.74%7.36%6.17%8.46%
Benchmark0.01%0.02%0.05%0.18%0.84%1.12%1.56%
Alpha2.24%4.51%11.81%33.56%6.52%5.05%6.90%

Disclaimer

^ The Ellerston Australian Market Neutral Fund was launched on 3 June 2013. The historical figures for the period November 2011 to 3 June 2013 are derived from the Ellerston Australian 130/30 Fund, which employed a similar strategy as the Market Neutral Fund. The performance of the Fund is net of fees and expenses. The benchmark is the RBA Cash Rate. Past performance is not a reliable indicator of future performance, nor a promise of future returns.

The performance figures presented are for the Ellerston Australian Market Neutral Fund (ARSN 168 025 670) with the exceptions noted above. 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 responsible entity of the Ellerston Australian Market Neutral Fund (ARSN 168 025 670). 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 Product Disclosure Statement 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

Disclaimer

Past performance figures are calculated pre-tax after taking into account fees and expenses and assume that all distributions are reinvested and do not take into account inflation. Past performance is not a reliable indicator of future performance, nor a promise of future returns. Performance can be volatile.

Distribution

Download
Fund Name 30/6/202031/12/201920/12/201930/6/201926/03/2019 Distribution Frequency
Australian Market Neutral Fund A$0.0903 NilA$0.0261A$0.0022A$0.0236 Half-Yearly

Disclaimer

Past performance is not a reliable indicator of future performance, nor a promise of future returns. Performance can be volatile.

Performance (Net %)

Download
Fund Name 1 Month3 Months6 Months1 year3 years p.a.5 years p.a.Since
Inception p.a.
Australian Market Neutral Fund2.25%4.53%11.86%33.74%7.36%6.17%8.46%
Benchmark0.01%0.02%0.05%0.18%0.84%1.12%1.56%
Alpha2.24%4.51%11.81%33.56%6.52%5.05%6.90%

Disclaimer

^ The Ellerston Australian Market Neutral Fund was launched on 3 June 2013. The historical figures for the period November 2011 to 3 June 2013 are derived from the Ellerston Australian 130/30 Fund, which employed a similar strategy as the Market Neutral Fund. The performance of the Fund is net of fees and expenses. The benchmark is the RBA Cash Rate. Past performance is not a reliable indicator of future performance, nor a promise of future returns.

The performance figures presented are for the Ellerston Australian Market Neutral Fund (ARSN 168 025 670) with the exceptions noted above. 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 responsible entity of the Ellerston Australian Market Neutral Fund (ARSN 168 025 670). 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 Product Disclosure Statement 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

Disclaimer

Past performance figures are calculated pre-tax after taking into account fees and expenses and assume that all distributions are reinvested and do not take into account inflation. Past performance is not a reliable indicator of future performance, nor a promise of future returns. Performance can be volatile.

Distribution

Download
Fund Name 30/6/202031/12/201920/12/201930/6/201926/03/2019 Distribution Frequency
Australian Market Neutral Fund A$0.0903 NilA$0.0261A$0.0022A$0.0236 Half-Yearly

Disclaimer

Past performance is not a reliable indicator of future performance, nor a promise of future returns. Performance can be volatile.

Date:
12/05/2021
Fund:
Australian Market Neutral Fund
Application:
1.1896
NAV:
1.1866
Redemption:
1.1836
Frequency:
Daily

Disclaimer

^ The Ellerston Australian Market Neutral Fund was launched on 3 June 2013. The historical figures for the period November 2011 to 3 June 2013 are derived from the Ellerston Australian 130/30 Fund, which employed a similar strategy as the Market Neutral Fund.The net return figure is calculated after fees and expenses. The gross return is calculated before fees and expenses. The benchmark is the RBA Cash Rate.

The performance figures presented are for the Ellerston Australian Market Neutral Fund (ARSN 168 025 670) with the exceptions noted above. 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 responsible entity of the Ellerston Australian Market Neutral Fund (ARSN 168 025 670). 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 Product Disclosure Statement 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.

Newsletters

Document Date Download
Performance Report March 2021 31/03/2021
Performance Report February 2021 28/02/2021
Performance Report January 2021 29/01/2021
Performance Report December 2020 31/12/2020
Performance Report November 2020 30/11/2020
Performance Report October 2020 31/10/2020
Performance Report September 2020 30/09/2020
Performance Report August 2020 31/08/2020
Performance Report July 2020 31/07/2020
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