Performance

  • Income Fund
  • Value Fund

Performance – Income Fund

Merlon Australian Share Income Fund – Performance (after fees) as at 31 August 2018

Performance* 1 month
(%)
3 months
(%)
1 year
(%)
3 years
(%) p.a.
5 years
(%) p.a.
7 years
(%) p.a.
10 years
(%) p.a.
Fund Total Return 1.5 3.8 5.7 9.8 8.3 10.4 7.5
ASX200 1.7 6.5 16.8 12.9 10.4 12.0 8.3
70% ASX200/30% Bank Bills** 1.3 4.7 12.2 9.6 8.0 9.2 6.9
Average Daily Exposure*** 69% 69% 69% 69% 69% 70% 71%
Gross Distribution Yield 0.9 1.9 7.2 7.6 7.6 8.4 9.0

 

*Returns are calculated after fees and expenses, and assuming the reinvestment of distributions. Fund total returns are grossed up for franking credits. S&P/ASX200 Accumulation Index total return is grossed up for franking credits. Past performance is not a reliable indicator of future performance. The inception date for the Fund is 30 September 2005.
**Composite benchmark is calculated as 70% S&P/ASX200 Accumulation Index and 30% Bloomberg AusBond Bank Bills Index.The Fund reduces exposure to share market volatility to a typical range of 60-80% through the use of derivatives with the remaining 20-40% option protection seeking to deliver a cash-like risk/return profile.
***Average Daily Market Exposure is calculated as the daily net market exposure divided by the average Net Asset Value of the Fund.

For performance related queries call the Fidante Investor Services Team on 13 51 53

Performance – Value Fund

Performance figures for the strategy and the retail share class are available in the tabs below:

Merlon Concentrated Value Strategy (Wholesale Investors)

Merlon Concentrated Value Strategy – Performance (before fees) as at 31 August 2018

Performance 1 month
(%)
3 months
(%)
1 year
(%)
2 years
(%)
3 years
(%) p.a.
5 years
(%) p.a.
7 years
(%) p.a.
Strategy Total Return 2.1 6.0 10.1 11.4 14.4 11.8 14.4
ASX200 Accumulation Index 1.7 6.5 16.8 14.0 12.9 10.4 12.0
Excess Return 0.4 -0.5 -6.7 -2.6 1.4 1.4 2.4

Past performance is not a reliable indicator of future performance. Strategy Total Return and S&P/ASX 200 Accumulation Index Total Return stated before fees and grossed up for franking credits. For the purposes of measuring total return, franking credits are calculated as franking credits accrued divided by the average daily NAV for the portfolio and benchmark.

For wholesale investors interested in the strategy, please contact Merlon directly: info@merloncapitalpartners.com.au

Merlon Concentrated Australian Share Fund (Retail Investors)

The retail share class of the Merlon Concentrated Australian Share Fund was seeded on 1 February 2018.

For performance related queries, please call the Fidante Investor Services Team on 13 51 53.