Returns uncorrelated to traditional asset classes with a strong focus on capital preservation.
|As at 31 July 2019||1 Month||3 Months||6 Months||1 Year||3 Years p.a.||5 Years p.a.||Since Inception p.a|
^ 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 Ellerston Australian Market Neutral Fund was closed on the 31st October 2016. From 1 November, the Fund will cease to accept new or additional applications directly. Redemptions from the Fund will be processed as normal.
The performance figures presented are for the Ellerston Australian Market Neutral Fund 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 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 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.
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.
|wdt_ID||Fund Name||30 Jun 19||26 Mar 19||31 Dec 18||30 Jun 18||31 Dec 17||Distribution Frequency|
|1||Ellerston Australian Market Neutral Fund Class A||0.0022||0.0236||1.5824||0.0714||0.0054||Half Yearly|
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.
Our team quantitatively screens and analyses stocks in our investment universe, identifying pairs of securities that have exhibited a historical long term relationship and that have become temporarily dislocated, causing a relative mispricing.
Where we expect the longer term relationship to prevail, and taking into account our fundamental value of both securities, we can execute a pair trade (relative value).
We also look to take advantage of special situations, including share recapitalisations, mergers, takeovers, restructures, security conversions, placements, IPOs, sell downs and share buybacks. These positions are expected to generate profit in both rising and falling equity markets and in our assessment with a high probability of positive returns and low probability of capital loss.
We favour liquid securities to minimise market impact during trading.
Ellerston Capital Limited ABN 34 110 397 674 AFSL 283000 is the responsible entity and issuer of units in the Ellerston Australian Market Neutral Fund ARSN 168 025 670. Any information is general and does not take into account your personal objectives, financial situation or needs. Accordingly you should consider the Product Disclosure Statement before deciding whether to acquire or continue to hold units in the Fund available from this website or by contacting us on 02 9021 7797.
The Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating (assigned April 2014) referred to in this document is limited to “General Advice” (as defined by the Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Zenith usually charges the product issuer, fund manager or a related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessment’s and at http://www.zenithpartners. com.au/RegulatoryGuidelines
The Lonsec Rating (assigned October 2014) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421445. The Rating is limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Ellerston Capital product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria. For further information regarding Lonsec’s Ratings methodology, please refer to our website at: http://www.beyond.lonsec.com.au/intelligence/lonsec-ratings
Professional Planner/Zenith Fund Awards Disclaimer
Paul joined Ellerston Capital in 2011 as a Portfolio Manager and has worked in the financial services industry for over 23 years. Prior to joining Ellerston, Paul co-founded Monterrey Investment Management and was the Managing Director and Investment Manager for 10 years, winning an AsiaHedge Fund of the Year nomination in 2005. In 2007 his fund was nominated and won Best Asian Relative Value Fund at the EurekaHedge Masters of Hedge Awards.
Before launching Monterrey, Paul was a Senior Investment Manager at Portfolio Partners (now Antares Capital), co-managing the High Growth Shares Trust – Australia’s first 125/25 fund and one of Portfolio Partners’ most successful products. He was an Investment Analyst at Towers Perrin, Asset Consulting before joining Portfolio Partners.
Paul holds a Masters in Finance from RMIT University, Melbourne and a Bachelor of Electrical Engineering (Honours) from The University of Melbourne, Australia.