with the Collins Street Value Fund
0% Fixed management fees. Performance fees only.
16.1% p.a. annualised net return since inception.
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The Collins St Value Fund is:
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Melbourne-based fundie Collins St Asset Management has extended its hot streak after its Collins St Value Fund returned 64.8 per cent net of fees in FY 2021. Over the past year the fund returned 20.1 per cent per year net of fees on average to investors.
As the end of the June quarter some of the Michael Goldberg managed fund’s top holdings including Paladin, Orica, TPG Telecome, and Retail Food Group. The fund first started to invest in a basket of uranium companies in 2017 and attributed part of its success to this decision.
The Collins Street Value fund has delivered a 18.1% p.a. net return since inception in February 2016.
This performance has seen the Collins Street Value Fund consistently rank in the top 10% of its peer group over the medium to long term (on both a gross and net basis) as measured by independent research consultants.
| Collins St Value Fund Annualised return | 18.1% p.a |
|---|---|
| ASX 200 Accumulation Index | 11.0% p.a |
| Collins St Value Fund Value Add | 7.1% p.a |
| Inception Date | February 2016 |
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Our investment style can be best described as “active value investing, with willingness to consider contrarian ideas.”
Our philosophy follows some of the modern era’s investing greats including: Sir John Templeton, Ben Graham, Peter Lynch, Charlie Munger, Warren Buffet and Anthony Bolton. Each of these great investors have proven over time that, not only does a value investing approach make intuitive sense, but that it can equally be highly profitable.
Learn more about our key investment principles here or watch the video below to learn more about our philosophy.
We conduct deep, bottom up research on companies that seek to provide genuine insights into the merits of an opportunity in a way that others are yet to fully recognise. In doing so, we’ll look closely at the financial metrics of the business, but even closer at the track record of management and the views of key stakeholders within the businesses broader operating environment.
We are active, relentless and inquisitive. This sees us spending a lot of time ‘in the field’ because we believe that quite simply, great investment ideas aren’t found by staring at a computer screen.
Download our Research Process White Paper
We don’t seek to be ‘all things to all people’ and would prefer to focus our research efforts only on those ideas with the best prospect of success.
The strength and proven success of this approach is what leads us to be both unconstrained and high conviction in the way we construct portfolios.
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The fund charges ZERO fixed management fees. With performance only fees, we only benefit when our clients do. It’s that simple, and it’s that fair.
As a consequence, we are genuinely incentivised to preserve your capital. Who else who claims on capital preservation is actually prepared to forgo 100% of their revenue in months where the unit prices decline?
Moreover, we are also genuinely incentivised to grow your wealth rather than simply grow our funds under management. Superior returns are impossible to achieve when managing large pools of money as the ability to be flexible, nimble and ‘fly under the radar’ are diminished. We are boutique by design and intend to stay that way.
Fees payable when your investment goes down in value?
| Traditional Managed Fund | Collins St Value Fund |
| Yes. Fixed management fees irrespective of the outcome. | No. Zero fixed management fees. |
Fees payable when your investment goes up in value?
| Traditional Managed Fund | Collins St Value Fund |
Yes. Fixed management fees | Yes. A performance fee |
Incentivises capacity management
| Traditional Managed Fund | Collins St Value Fund |
| No – a bigger fund means bigger fees! | Yes – fund returns decline as the size of the fund increases. |
Incentivises active management?
| Traditional Managed Fund | Collins St Value Fund |
| No. Fees are paid regardless of portfolio outcomes. | Yes. Losses must be recouped for fees to be payable. |
| Traditional Managed Fund | Collins St Value Fund |
| Yes – why would the Manager risk doing anything too different? | No. Absolute return focussed. Losing stocks need to be aggressively filtered out. |
Download Our Information Memorandum
Level 9 365 Little Collins Street Melbourne VIC 3000
ROB HAY
Head of Distribution & Investor Relations
M: 0423 345 975
E: rhay@csvf.com.au
The Collins Street Value Fund (CSVF) is managed by Collins St Asset Management Pty Ltd (CSAM) AFSL 468935. CSAM is authorised to provide financial services to wholesale clients only (as set out in section 761G (7) of the Corporations Act 2001).
Speak with our Equity Market Specialists about how we drive superior investment returns through patience, objectivity and freedom. Available after hours by appointment.
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Available to Wholesale Investors. Past performance is not a reliable indicator of future performance. AFSL 468935. Our Privacy Policy can be accessed here.
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