Ellerston Overlay Australian Share Fund

The Fund builds on our core Australian equity offering and capabilities, while delivering additional income where possible, 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 exposure down to 50%.  Greater flexibility to manage downside risk in certain market conditions.

At a Glance

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.

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.

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

 

Meet the Overlay ASF Team

Staff Members

Chris Kourtis

Director
Portfolio Manager

David Thomas

Senior Investment Analyst

Daniel Pi

Investment Analyst

Neil Wesley

Senior Analyst

Carlos Castillo

Investment Analyst