Portfolio performance
Portfolio overview
The Australian Eagle Trust Long-Short Fund returned +9.97% net of fees in May 2020. The portfolio’s largest positive contributions for the month came from long positions in Pushpay Holdings Ltd, Fortescue Metals Group Ltd and Evolution Mining Ltd while largest detractors were a long position in CSL Ltd and short positions in Flight Centre Travel Group Ltd and Virgin Money UK. The Fund had 32 long positions and 25 short positions with largest exposure to medical devices & services and technology stocks. There was relatively less exposure in banking and real estate stocks.
Australian Eagle Trust Long Short Fund – Net Monthly Returns
Fund Objective
The Fund aims to provide capital growth over the longer term through a leveraged investment in Australian securities. Commensurate with this, the objective of the Fund is to outperform the S&P/ASX 100 Accumulation Index over a period of 5 years.
Sean Sequeira CFA
CIO
Australian Eagle Asset Management
Tel: (02) 8252 7563
sean.sequeira@austeagle.com
https://austeagle.com/