- The Fund returned -0.86% net of fees versus the market performance of -2.41% in February 2023
- +6.82% p.a. outperformance relative to the S&P/ASX 100 Accumulation Index, since inception (July 2016)
The Australian Eagle Trust Long-Short Fund returned -0.86% net of fees in February 2023.
The portfolio’s largest positive contributions for the month came from short positions in Domino’s Pizza Enterprises and Downer EDI and a long position in QBE Insurance while largest detractors were long positions in AMP, Rio Tinto and Pro Medicus.
The Fund had 28 long positions and 20 short positions with largest exposure to medical devices & services and certain agriculture related stocks. There was relatively less exposure in banks and technology.
Full report (pdf): Australian Eagle Trust Long-Short Monthly Report – Feb 2023
About the Fund: The Australian Eagle Trust Long-Short Fund
Disclaimer
This is general information only and is not intended to provide you with financial advice and has been prepared without taking into account your objectives, financial situation or needs. The Trust Company (RE Services) Limited (ABN 45 003 278 831, AFSL 235150) is the Responsible Entity and issuer of units in the Fund. For further information on the Fund please refer to the PDS and Target Market Determination which is available at www.austeagle.com.
Sean Sequeira CFA
CIO
0411 155 441
sean.sequeira@austeagle.com