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.