Ellerston Overlay ASF
The Ellerston Overlay ASF builds on our core Australian equity offering and capabilities, while delivering additional income opportunistically through options strategies and short-term trading opportunities.
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The Ellerston Overlay ASF builds on our core Australian equity offering and capabilities, while delivering additional income opportunistically through options strategies and short-term trading opportunities.
- Bottom up approach to security selection, seeking to identify mispricing opportunities and construct a concentrated portfolio of Australian listed securities.
- 75% of the Fund will be aligned to the portfolio of the Ellerston Australian Share Fund.
- Enhanced capital protection with the potential to reduce the equity down to 50%. Greater flexibility to manage downside risk in certain market conditions.
The Fund is long biased and managed in the same fundamental, bottom-up style that is at the heart of all of Ellerston Capital’s Core funds. Seventy-five per cent of our portfolio is broadly aligned to our flagship Ellerston Australian Share Fund, with the remaining 25% made up of shorter term, income-enhancing investments when opportunities present themselves.
The team may also employ a range of derivatives strategies to enhance income, protect the portfolio and attempt to manage downside risk. However, at least 90% of the portfolio will comprise of physical securities, with a minimum net equity exposure of 50% or greater. Effective cash can comprise up to 50% of the portfolio under certain market conditions.
Unit Prices
Download historical pricesDate:
13/12/2024
Fund:
Ellerston Overlay Australian Shares Fund
Application:
1.0803
NAV:
1.0776
Redemption:
1.0749
Frequency:
Weekly
Performance (Net %)
Download| As at 30/11/2024 | 1 Month | 3 Months | 1 Year | 3 Years p.a. | 5 Years p.a. | 10 Years p.a. | Since Inception p.a. |
|---|---|---|---|---|---|---|---|
| Ellerston Overlay ASF | 0.41% | 2.23% | 8.91% | 3.11% | 5.12% | 6.66% | 7.05% |
| S&P/ASX 200 Accumulation Index | 3.79% | 5.47% | 23.42% | 9.55% | 8.28% | 9.08% | 9.37% |
| Alpha | -3.38% | -3.24% | -14.51% | -6.44% | -3.16% | -2.42% | -2.32% |
Disclaimer
Performance graph
Disclaimer
Distribution
Download| Fund Name | 30/06/2024 | 31/12/2023 | 30/06/2023 | 31/12/2022 | 30/06/2022 | Distribution Frequency |
|---|---|---|---|---|---|---|
| Ellerston Overlay ASF – Class A Units | A$0.0343 | Nil | A$0.0155 | Nil | A$0.2094 | Half-Yearly |
Disclaimer
Important Documents
Investment Team
Chris Kourtis
Director & Portfolio Manager
Responsible for leading our investment team, Chris has served as a Director and Portfolio Manager of Ellerston since 2005, and has over 39 years investment experience.
Prior to joining Ellerston, Chris co-founded the Melbourne based Investment Management firm Portfolio Partners in 1994, where he held various positions including Director and Senior Investment Manager and was formerly the Head of Equities until January 2003. It was from that point that he gave up his role to conceive and focus on managing the highly successful Elite Opportunities Concentrated Australian Shares Fund.
Prior to Portfolio Partners, Chris worked as a Senior Portfolio Manager, Deputy Head of Equities and Head of Resources Strategy at County Natwest Australia Investment Management where he was responsible for the management of County’s largest specialist equity mandates.
Chris has a Bachelor of Commerce degree from the University of Melbourne and is a Senior Associate of the Financial Services Institute of Australia.
Chris was inducted into the Australian Fund Managers Foundation Hall of Fame in 2018 in recognition of his contribution to the industry.
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