Ellerston Global Equity Managers Fund

A global long / short, absolute return Fund that is focused on finding high conviction ideas with compelling risk / reward profiles.

 

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Fund Overview

The Ellerston Global Equity Managers (GEMS) Fund is designed to take advantage of investment opportunities while generating consistent returns across market cycles with a focus on risk and capital preservation.

The Fund’s investment philosophy focuses on identifying and investing in companies with compelling asymmetric risk/reward return profiles and an identified catalyst. This philosophy is based on two principles:

  • Capital preservation mindset:As an active fund manager with a flexible mandate, we remain committed first and foremost to preserving capital. Absolute risk adjusted positive returns remain our driver.
  • Fundamental investors:Focused on bottom up stock selection combined with a macro top down overlay, in order to accurately and fully assess an investment opportunity.

 

  • The Fund aims to generate consistent returns for investors, with a focus on risk and capital preservation.
  • Analysis of global markets utilising a fundamental bottom-up stock picking approach.
  • Run by Ellerston Capital’s experienced investment specialists with a disciplined investment approach.

The Ellerston Global Equity Managers Fund features a specially developed long short strategy. We take long positions in undervalued stocks to increase the potential for profit, while using short positions in companies or market indices to minimise market exposure and risks.

Depending on market conditions, we may also use cash and cash-like investments to protect capital. Our investment team uses a distinctively contrarian high conviction, absolute return approach with a focus on disciplined bottom up stock selection based on rigorous fundamental analysis. This is overlayed with our top-down assessment of macroeconomic conditions and the market outlook.

The result is a unique investment strategy designed to generate superior returns over the long term and minimise risk.

Unit Prices — Class C

DateCUM APPCUM NAVCUM REDFrequency
28/03/20241.65921.65511.6510Monthly
29/02/20241.64581.64171.6376Monthly
31/01/20241.59601.59201.5880Monthly
29/12/20231.57671.57281.5689Monthly
30/11/20231.53941.53561.5318Monthly
31/10/20231.48711.48341.4797Monthly
29/09/20231.50821.50441.5006Monthly
31/08/20231.50111.49741.4937Monthly
31/07/20231.49191.48821.4845Monthly
30/06/20231.46411.46041.4568Monthly
31/05/20231.44351.43991.4363Monthly
28/04/20231.44511.44151.4379Monthly
31/03/20231.44161.43811.4345Monthly
28/02/20231.45391.45031.4467Monthly
31/01/20231.51861.51481.5110Monthly
31/12/20221.51751.51371.5099Monthly
30/11/20221.55111.54721.5433Monthly
31/10/20221.50081.49701.4933Monthly
30/09/20221.48961.48591.4822Monthly
31/08/20221.57261.56871.5648Monthly
31/07/20221.57101.56701.5631Monthly
30/06/20221.57711.57321.5692Monthly
31/05/20221.73011.72581.7214Monthly
29/04/20221.80461.80011.7956Monthly
31/03/20221.82621.82161.8170Monthly
28/02/20221.78691.78241.7779Monthly
31/01/20221.74331.73891.7346Monthly
31/12/20211.82341.81881.8143Monthly
30/11/20211.79261.78811.7836Monthly
31/10/20211.84171.83711.8326Monthly
30/09/20211.83531.83071.8261Monthly
31/08/20211.82391.81931.8148Monthly
30/07/20211.77601.77161.7672Monthly
30/06/20212.32582.32002.3142Monthly
31/05/20212.40012.39412.3881Monthly
30/04/20212.29692.29122.2855Monthly
31/03/20212.19472.18922.1837Monthly
28/02/20212.20152.19612.1906Monthly
31/01/20212.05132.04622.0411Monthly
31/12/20201.89471.89001.8852Monthly
30/11/20201.73641.73201.7277Monthly
31/10/20201.60451.60051.5965Monthly
30/09/20201.59501.59101.5870Monthly
31/08/20201.62891.62491.6208Monthly
31/07/20201.56231.55841.5545Monthly
30/06/20201.73121.72711.7228Monthly
29/05/20201.71641.71211.7078Monthly
30/04/20201.64481.64071.6366Monthly
31/03/20201.57961.57571.5718Monthly
29/02/20201.70411.69981.6956Monthly
31/01/20201.69861.69441.6902Monthly
31/12/20191.61851.61441.6104Monthly
30/11/20191.56191.55801.5541Monthly
31/10/20191.52691.52311.5192Monthly
30/09/20191.51391.51011.5063Monthly
31/08/20191.49211.48841.4847Monthly
31/07/20191.49571.49201.4883Monthly
30/06/20191.44581.44221.4386Monthly
31/05/20191.46121.45751.4539Monthly
30/04/20191.43741.43381.4303Monthly
31/03/20191.42891.42541.4218Monthly
28/02/20191.42401.42041.4169Monthly
31/01/20191.43691.43331.4297Monthly
31/12/20181.42711.42361.4200Monthly
30/11/20181.45191.44831.4447Monthly
31/10/20181.51981.51611.5123Monthly
30/09/20181.60721.60321.5991Monthly
31/08/20181.64121.63711.6330Monthly
31/07/20181.67421.67001.6658Monthly
30/06/20181.92811.92331.9185Monthly
31/05/20181.93671.93191.9271Monthly
30/04/20181.92481.92001.9152Monthly
31/03/20181.91331.90851.9038Monthly
28/02/20181.91651.91181.9070Monthly
31/01/20181.93841.93361.9287Monthly
31/12/20171.92021.91541.9106Monthly
30/11/20171.83301.82841.8238Monthly
31/10/20171.74441.74001.7357Monthly
30/09/20171.67551.67131.6671Monthly
31/08/20171.62981.62571.6217Monthly
31/07/20171.59711.59311.5892Monthly
30/06/20171.62661.62251.6184Monthly
31/05/20171.57671.57281.5689Monthly
30/04/20171.60381.59981.5958Monthly
31/03/20171.58821.58421.5802Monthly
28/02/20171.58961.58561.5816Monthly
31/01/20171.62891.62481.6207Monthly
31/12/20161.61561.61161.6076Monthly
30/11/20161.61931.61531.6113Monthly
31/10/20161.64451.64041.6363Monthly
30/09/20161.67761.67341.6692Monthly
31/08/20161.65391.64981.6457Monthly
31/07/20161.62981.62571.6216Monthly
30/06/20161.95001.94511.9402Monthly
31/05/20161.98131.97641.9715Monthly
30/04/20161.93481.93001.9252Monthly
31/03/20161.86341.85881.8542Monthly
29/02/20161.80241.79791.7934Monthly
31/01/20161.83111.82651.8219Monthly
31/12/20151.89461.88991.8852Monthly
30/11/20151.85131.84671.8421Monthly
30/10/20151.77261.76821.7638Monthly
30/09/20151.72271.71841.7141Monthly
31/08/20151.65971.65561.6515Monthly
31/07/20151.67521.67101.6668Monthly
30/06/20151.75871.75431.7499Monthly
29/05/20151.74671.74231.7379Monthly
30/04/20151.70831.70401.6997Monthly
31/03/20151.64571.64161.6375Monthly
28/02/20151.58891.58491.5809Monthly
31/01/20151.51481.51101.5072Monthly
31/12/20141.48991.48621.4825Monthly
30/11/20141.48271.47901.4753Monthly
31/10/20141.47361.46991.4662Monthly
30/09/20141.48341.47971.4760Monthly
31/08/20141.48691.48321.4795Monthly
31/07/20141.46111.45751.4539Monthly
30/06/20141.41301.40951.4060Monthly
31/05/20141.38871.38521.3817Monthly
30/04/20141.36891.36551.3621Monthly
31/03/20141.36241.35901.3556Monthly
28/02/20141.35251.34911.3457Monthly
31/01/20141.33691.33361.3303Monthly
31/12/20131.32471.32141.3181Monthly
30/11/20131.30181.29861.2954Monthly
31/10/20131.28561.28241.2792Monthly
30/09/20131.26171.25861.2555Monthly
31/08/20131.24551.24241.2393Monthly
31/07/20131.26391.26071.2575Monthly
30/06/20131.23081.22771.2246Monthly
31/05/20131.24841.24531.2422Monthly
30/04/20131.24041.23731.2342Monthly
31/03/20131.22491.22181.2187Monthly
28/02/20131.22391.12211.2177Monthly
31/01/20131.19611.19311.1901Monthly
31/12/20121.15981.15691.1540Monthly
30/11/20121.15041.14751.1446Monthly
31/10/20121.15191.14901.1461Monthly
30/09/20121.13761.13481.1320Monthly
31/08/20121.11661.11381.1110Monthly
31/07/20121.09021.08751.0848Monthly
30/06/20121.07521.07251.0698Monthly
31/05/20121.16761.16471.1618Monthly
30/04/20121.20751.20451.2015Monthly
31/03/20121.20841.20541.2024Monthly
29/02/20121.17691.17401.1711Monthly
31/01/20121.15171.14881.1459Monthly
31/12/20111.12841.12561.1228Monthly
30/11/20111.08831.08561.0829Monthly
31/10/20111.08421.08151.0788Monthly
30/09/20111.08161.07891.0762Monthly
31/08/20111.12391.12111.1183Monthly
31/07/20111.18171.17881.1759Monthly
30/06/20111.14821.14531.1424Monthly
31/05/20111.18401.18101.1780Monthly
30/04/20111.19351.19051.1875Monthly
31/03/20111.18271.17981.1769Monthly
28/02/20111.19041.18741.1844Monthly
31/01/20111.19821.19521.1922Monthly
31/12/20101.20701.20401.2010Monthly
30/11/20101.16661.16371.1608Monthly
31/10/20101.15201.14911.1462Monthly
30/09/20101.13561.13281.1300Monthly
31/08/20101.10341.10061.0978Monthly
7/31/20101.07971.07701.0743Monthly
6/30/20101.05351.05091.0483Monthly
5/31/20101.09371.09101.0883Monthly
4/30/20101.05241.04981.0472Monthly
3/31/20101.01391.01141.0089Monthly
2/28/20100.95900.95660.9542Monthly
1/31/20100.98300.98050.9780Monthly
12/31/20091.02081.01831.0158Monthly
11/30/20091.00001.00001.0000Monthly

Unit Prices — Class C

Ellerston GEMS A & B

To view the historical unit prices for Classes A & B, please visit the following page.

Historical Unit Prices Ellerston GEMS A & B

Performance graph

Disclaimer

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

Performance (Net %)

Fund/Benchmark NameFund Short NameCalculation Date1M(%)3M(%)1Y(%)3Y(% p.a)5Y(% p.a)10Y(% p.a)S.I.*(% p.a)
Ellerston Australian Share FundASF31/03/20243.352.285.410.949.037.448.82
S&P/ASX 200 Accumulation IndexASF31/03/20243.275.3314.459.629.158.279.84
AlphaASF31/03/20240.08-3.05-9.051.32-0.12-0.83-1.02
Ellerston Overlay Australian Share FundOSF31/03/20243.041.732.378.137.36.557.3
S&P/ASXOSF31/03/20243.275.3314.459.629.158.279.12
AlphaOSF31/03/2024-0.23-3.6-12.08-1.49-1.85-1.72-1.82
Ellerston Equity Income KIS FundKIS31/03/20244.384.8613.689.92--9.86
S&P/ASX 200 Accumulation IndexKIS31/03/20243.275.3314.459.62--8.8
AlphaKIS31/03/20241.11-0.47-0.770.3--1.06
Ellerston Australian Absolute Return FundARF31/03/20243.116.195.75-2.285.954.265.22
RBA Cash RateARF31/03/20240.361.074.142.091.481.651.72
AlphaARF31/03/20242.755.121.61-4.374.472.613.5
Ellerston Australian Micro Cap FundAMCF31/03/20245.919.1419.550.9412.85-13.53
S&P/ASX Small Ordinaries Accumulation IndexAMCF31/03/20244.797.5513.832.725.43-6.92
AlphaAMCF31/03/20241.121.595.72-1.787.42-6.61
Ellerston Australian Emerging Leaders FundAELF31/03/20244.3115.0229.97----0.9
S&P/ASX Small Ordinaries Accumulation IndexAELF31/03/20244.797.5513.83----1.5
AlphaAELF31/03/2024-0.487.4716.14---0.6
Ellerston 2050 Fund205031/03/20241.587.7417.51---4.49
S&P/ASX Small Ordinaries Industrial Accumulation Index205031/03/20243.59.5820.45---7.58
Alpha205031/03/2024-1.92-1.84-2.94----3.09
Ellerston Asia Growth Fund (Hedge Fund)EAFZ31/03/20244.029.78----6.38
MSCI Asia ex Japan (non-accumulation)EAFZ31/03/20242.136.73----5.21
AlphaEAFZ31/03/20241.893.05----1.17
Ellerston India FundINF31/03/20241.4810.729.6812.789.22-9.5
MSCI India Net Return IndexINF31/03/20240.6210.9440.4718.2513.46-12.4
AlphaINF31/03/20240.86-0.24-10.79-5.47-4.24--2.9
Ellerston Global Mid Small Cap Fund - Class AGMSCF_A31/03/20241.469.8313.493.4211.89-11.25
MSCI World Mid Cap IndexGMSCF_A31/03/20243.9211.6521.189.0710.61-10.77
AlphaGMSCF_A31/03/2024-2.46-1.82-7.69-5.651.28-0.48
Ellerston Global Mid Small Cap Fund - Class BGMSCF_B31/03/20241.459.8213.453.76--9.27
MSCI World Mid Cap IndexGMSCF_B31/03/20243.9211.6521.189.07--12.22
AlphaGMSCF_B31/03/2024-2.47-1.83-7.73-5.31---2.95
Morphic Ethical Equities FundMEC31/03/20241.4410.6415.084.268.7-7.87
MSCI AC World Net Total Return IndexMEC31/03/20242.9413.1626.4912.6212.82-12.31
AlphaMEC31/03/2024-1.5-2.52-11.41-8.36-4.12--4.44
Ellerston Global Equity Managers Fund - Class AGEMS_A31/03/20240.825.2315.11-1.1211.8811.0511.78
MSCI World IndexGEMS_A31/03/20243.0213.8828.4314.361413.36.53
AlphaGEMS_A31/03/2024-2.2-8.65-13.32-15.48-2.12-2.255.25
Ellerston Global Equity Managers Fund - Class BGEMS_B31/03/20240.825.2315.08-1.1111.8911.0511.65
MSCI World IndexGEMS_B31/03/20243.0213.8828.4314.361413.36.53
AlphaGEMS_B31/03/2024-2.2-8.65-13.35-15.47-2.11-2.255.12
Ellerston Global Equity Managers Fund - Class CGEMS_C31/03/20240.825.2315.09-1.1111.8911.0610.55
MSCI World IndexGEMS_C31/03/20243.0213.8828.4314.361413.312.63
AlphaGEMS_C31/03/2024-2.2-8.65-13.34-15.47-2.11-2.24-2.08
Ellerston Pre IPO FundPIPO31/12/2023-1.74-1.310.14--4.07
Ellerston JAADE Australian Private Assets Fund (Retail)JAADE_R31/12/2023-2.2311.611.18--16.38
Ellerston JAADE Australian Private Assets Fund (Wholesale)JAADE_W31/12/2023-2.3712.1611.6515.86-15.58

Disclaimer

Since strategy inception for Ellerston GEMS A and Ellerston GEMS B is 1 January 2002. Since class inception for Ellerston GEMS C is 1 December 2009

The performance figures are net of taxes, fees and expenses and assuming distributions are reinvested. Past performance is not a reliable indicator of future performance, nor a promise of future returns.

For the period 1 January 2002 to 30 April 2006, the CPH Group GEMS Portfolio was not operated within a separate fund structure. The underlying investment assets of the CPH Group GEMS Portfolio were owned during that time within corporate entities of the CPH Group for which audited accounts were prepared on an annual basis. Accordingly, in order to provide relevant historical performance information for the period 1 January 2002 to 30 April 2006 (Historical Returns) net returns were calculated on the basis of the actual dollar returns of the CPH Group GEMS Portfolio adjusted to reflect a fund structure similar to the Fund and including all fees. The returns of the Fund and the relevant Indices are net of fees, expenses and taxes and assuming distributions are reinvested.

The date of demerger of the Ellerston GEMS Fund was 2 November 2009, Investors were allocated Ellerston GEMS B units which represented 94.3% of the Ellerston GEMS Fund.

The performance figures presented are for the Ellerston Global Equity Managers Fund (ARSN 118 887 095). 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 Global Equity Managers Fund (ARSN 118 887 095). 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 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.

Distribution

Download
Fund Name 30/06/202330/06/202230/06/202130/06/202030/06/2019 Distribution Frequency
Ellerston GEMS C NilA$0.0037A$0.5022A$0.2639Nil Yearly

Disclaimer

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

Performance (Net %)

Disclaimer

Since strategy inception for Ellerston GEMS A and Ellerston GEMS B is 1 January 2002. Since class inception for Ellerston GEMS C is 1 December 2009

The performance figures are net of taxes, fees and expenses and assuming distributions are reinvested. Past performance is not a reliable indicator of future performance, nor a promise of future returns.

For the period 1 January 2002 to 30 April 2006, the CPH Group GEMS Portfolio was not operated within a separate fund structure. The underlying investment assets of the CPH Group GEMS Portfolio were owned during that time within corporate entities of the CPH Group for which audited accounts were prepared on an annual basis. Accordingly, in order to provide relevant historical performance information for the period 1 January 2002 to 30 April 2006 (Historical Returns) net returns were calculated on the basis of the actual dollar returns of the CPH Group GEMS Portfolio adjusted to reflect a fund structure similar to the Fund and including all fees. The returns of the Fund and the relevant Indices are net of fees, expenses and taxes and assuming distributions are reinvested.

The date of demerger of the Ellerston GEMS Fund was 2 November 2009, Investors were allocated Ellerston GEMS B units which represented 94.3% of the Ellerston GEMS Fund.

The performance figures presented are for the Ellerston Global Equity Managers Fund (ARSN 118 887 095). 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 Global Equity Managers Fund (ARSN 118 887 095). 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 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

Disclaimer

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

Distribution

Download
Fund Name 30/06/202330/06/202230/06/202130/06/202030/06/2019 Distribution Frequency
Ellerston GEMS C NilA$0.0037A$0.5022A$0.2639Nil Yearly

Disclaimer

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

Important Documents

Product Disclosure Statement Ellerston GEMS-C Target Market Determination Fund Disclosure Updates RG240 Disclosure Annual Financial Report – FY23

Fund Newsletter

Fund Newsletter – Archive

Performance Report December 2023 Performance Report November 2023 Performance Report October 2023 Performance Report September 2023 Performance Report August 2023 Performance Report July 2023 Performance Report June 2023 Performance Report May 2023 Performance Report April 2023 Performance Report March 2023 Performance Report February 2023 Performance Report January 2023 Performance Report December 2022 Performance Report November 2022 Performance Report October 2022 Performance Report September 2022
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