| Fund: Coolabah Active Composite Bond Fund (Hedge Fund) |
| Strategy: Composite Bond |
| Return (since Mar. 2017): 2.52% pa gross |
| Net return volatility (since Mar. 2017): 4.45% pa |
Objective: A relative return fixed-income strategy focused on mispricings in government and corporate bond markets. The performance objective for the Coolabah Active Composite Bond Fund (Hedge Fund) is to outperform the Bloomberg AusBond Composite 0+ Yr Index over rolling 12 month periods by 1% - 2%.
Strategy: Coolabah Capital Investments (Retail) (CCIR) adds value via active asset-selection using a range of valuation models with the aim of delivering superior risk-adjusted returns over the Bloomberg AusBond Composite 0+ Yr Index. CCIR actively manages a highly liquid and highly rated portfolio that consists of cash, cash equivalents, government bonds, and investment-grade floating-rate notes. The Manager will add value through its active asset-selection style that harnesses a suite of proprietary top-down and bottom-up quantitative valuation models. CCIR’s goal is to generate true valuation alpha by exploiting mispricings.
| Period Ending 2023-10-31 | Gross Return | Net Return†| AusBond Composite 0+Yr Index | Gross Excess Return‡ | Net Excess Return†‡ |
|---|---|---|---|---|---|
| 1 month | -1.66% | -1.69% | -1.85% | 0.19% | 0.16% |
| 3 months | -1.95% | -2.10% | -2.63% | 0.68% | 0.53% |
| 6 months | -2.63% | -3.21% | -5.20% | 2.57% | 1.99% |
| 1 year | 5.22% | 4.44% | -1.18% | 6.41% | 5.63% |
| 3 years pa | -3.15% | -3.70% | -4.61% | 1.46% | 0.90% |
| 5 years pa | 2.02% | 1.26% | -0.13% | 2.15% | 1.39% |
| Inception pa Mar. 2017 | 2.52% | 1.86% | 0.77% | 1.75% | 1.09% |
†Net returns are calculated from the historic gross returns using the current fee structure as displayed in the Product Disclosure Statement. ‡ The Excess Return column represents the gross and net return above the Bloomberg AusBond Composite 0+ Yr Index
| Av. Interest Rate (Gross Running Yield) | 6.31% | Awards: FE Alpha Manager 2019: Christopher Joye; Strategy Ratings: Recommended (Lonsec); Zenith available to clients |
