Avenir Global Fund

Avenir Global Fund: Performance as at 31 May 2019

Performance1 1 month
(%)
3 months
(%)
1 year
(%) 
3 years
(%) p.a.
5 years
(%) p.a.
10 years
(%) p.a.
Inception
(%) p.a.2
Performance (Net)
Fund Return -7.13 -5.46 4.63 10.98
Avenir Global Fund – Class I* 10.86 6.78 13.04
MSCI All Country World Net Index (AUD) -4.44 1.11 7.80 10.71 11.61 12.43
Active Return3 -2.69 -6.57 -3.16 0.15 -4.82 -1.46

*Assuming 1.20% base fee & 15% performance fee

1 Returns are calculated after fees have been deducted and assume distributions have been reinvested. No allowance is made for tax when calculating these figures. References to the “Fund” or “Avenir Global Fund” are to the Class A units only which commenced August 2017 and no other class of units. For information purposes and to give a longer term view of the Fund’s performance, the returns for Avenir Global Fund – Class I are also provided. The inception date of the Avenir Global Fund –Class I is August 2011. Class I has identical investment guidelines to the Fund and the returns quoted have been adjusted to reflect the fees applicable to the Class A units (noting that performance fees have been calculated on the basis of monthly returns rather than daily returns applicable to the Fund).
2 The inception date for the Avenir Global Fund – Class A is 25 August 2017.
3 Numbers may not add due to rounding.

Returns of the strategy since inception (1 August 2011) are available on Avenir Global Fund – Class I tab below. For performance related queries, please call the Fidante Investor Services Team on 13 51 53.

Avenir Global Fund - Class I

Avenir Global Fund – Class I: Performance as at 31 May 2019

Performance  1 month
(%)
3 months
(%)
1 year
(%) 
3 years
(%) p.a.
5 years
(%) p.a.
10 years
(%) p.a.
Inception
(%) p.a.*
Performance (Gross)
Gross Return -7.03 -5.59 6.11 12.11 8.02 14.87
MSCI All Country World Net Index (AUD) -4.44 1.11 7.80 10.71 11.61 13.69
Active Return** (before fees and expenses) -2.59 -6.70 -1.68 1.40 -3.59 1.18
Performance (Net)
Net Return (after fees and expenses) -6.83 -4.97 1.69 8.46 5.64 10.76
MSCI All Country World Net Index (AUD) -4.44 1.11 7.80 10.71 11.61 13.69
Active Return** (after fees and expenses) -2.39 -6.08 -6.11 -2.25 -5.97 -2.93

Gross returns are calculated before fees have been deducted assuming reinvestment of distributions. Net returns are calculated after fees have been deducted assuming reinvestment of distributions. No allowance is made for tax. Past performance is not a reliable indicator of future performance. *The inception date for the Avenir Global Fund – Class I is 1 August 2011. **Numbers may not add due to rounding.

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