Greater flexibility to manage downside risk

At a Glance

The Ellerston Overlay ASF builds on our core Australian equity offering and capabilities, while delivering additional income where possible, through options strategies and short-term trading opportunities.

We aim to outperform the S&P/ASX 200 Accumulation Index through a high-conviction portfolio of no more than 30 ASX-listed securities.

Our Strategy

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 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.

Key Benefits

  • Enhanced protection with the potential to reduce the equity exposure down to 50%: Greater flexibility to manage downside risk in certain market conditions.
  • Specialised investment expertise: Access strategies and expertise previously available only to wholesale and sophisticated investors.
  • A team you can trust: Access to Ellerston Capital’s experienced investment specialists and benchmark “unaware” investment approach.


Invest with Ellerston Capital

To find out more, contact Ellerston today.
Phone: (02) 9021 7797

As at 31 May 2017 1 Month % 3 Months % FYTD % 1 Year % 3 Years p.a % 5 Years p.a % Since inception p.a %
Ellerston Overlay ASF – Gross 1.35% 4.85% 16.61% 11.79% 8.75% 13.05% 12.86%
Benchmark -2.75% 1.52% 13.89% 11.10% 6.03% 11.92% 11.27%
Excess 4.10% 3.33% 2.72% 0.69% 2.72% 1.13% 1.59%
Net 1.27% 4.61% 15.91% 11.05% 7.77% 11.98% 11.70%

Returns are calculated using the Fund’s redemption price are net of fees and expenses.  Returns are also calculated on the basis that distributions are reinvested.  The benchmark is the S&P ASX 200 Accumulation Index.

Since inception is 4 January 2012.

DISCLAIMER: The performance figures presented are for the Ellerston Overlay ASF. 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 all the Ellerston Funds listed in the table above. 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.