Fiducian Capital Stable Fund aims to exceed average fund manager performance (after fees) as determined by relevant surveys conducted by Morningstar over rolling 3-year periods. The Fiducian Capital Stable Fund is suitable for investors seeking a relatively high level of income supplemented by a modest level of capital growth. The bulk of the portfolio is held in the fixed interest and cash sector to reduce the likelihood and frequency of negative returns over a single year period.
The Fund underperformed the benchmark in September, with a return of -2.3%, compared to the benchmark return of -1.2%. Over the 12 months to the end of September, the Fund returned 4.9%.
Cash was the only asset class to finish the month higher, with falls seen in equites, property, and also in bonds.
The Fund currently has a small overweight to Australian and International equities, as relatively attractive valuations are offset by rising interest rates and a slowing economy. The weighting towards bonds has increased in recent months, with a preference for shorter-term Australian bonds over international bonds.
In the Zenith AMI Mixed Asset-Cautious Category, the Fiducian Capital Stable Fund returns were ranked 11 out of 42 funds over one year, 10 out of 34 funds over five years, and 3 out of 29 funds over the ten year period to 30 September 2023.
What is Fiducian Capital Stable Fund Fiducian Capital Stable Fund is an Managed Funds investment product that is benchmarked against Multi-Asset Growth Investor Index and sits inside the Multi-Asset - Real Return Index. Think of a benchmark as a standard where investment performance can be measured. Typically, market indices like the ASX200 and market-segment stock indexes are used for this purpose. The Fiducian Capital Stable Fund has Assets Under Management of 351.83 M with a management fee of 0.76%, a performance fee of 0.00% and a buy/sell spread fee of 0.15%.
How has the investment product performed recently? The recent investment performance of the investment product shows that the Fiducian Capital Stable Fund has returned 1.39% in the last month. The previous three years have returned 1.98% annualised and 4.21% each year since inception, which is when the Fiducian Capital Stable Fund first started.
How is risk measured in this investment product? There are many ways that the risk of an investment product can be measured, and each measurement provides a different insight into the risk present. They can be used on their own or together to perform a risk assessment before investing, but when comparing investments, it is common to compare like for like risk measurements to determine which investment holds the most risk. Since Fiducian Capital Stable Fund first started, the Sharpe ratio is NA with an annualised volatility of 4.21%. The maximum drawdown of the investment product in the last 12 months is -2.22% and -11.69% since inception. The maximum drawdown is defined as the high-to-low decline of an investment during a particular time period.
What is the relative performance of the investment product? Relative performance is what an asset achieves over a period of time compared to similar investments or its peers. Relative return is a measure of the asset's performance compared to the return to the other investment. The Fiducian Capital Stable Fund has a 12-month excess return when compared to the Multi-Asset - Real Return Index of 0.79% and 0.58% since inception.
Does the investment product produce Alpha over its Peers? Alpha is an investing term used to measure an investment's outperformance relative to a market benchmark or peer investment. Alpha describes the excess return generated when compared to peer investment. Fiducian Capital Stable Fund has produced Alpha over the Multi-Asset - Real Return Index of NA% in the last 12 months and NA% since inception.
What are similar investment products? For a full list of investment products in the Multi-Asset - Real Return Index category, you can click here for the Peer Investment Report.
What level of diversification will Fiducian Capital Stable Fund provide? Fiducian Capital Stable Fund has a correlation coefficient of 0.86 and a beta of 1.16 when compared to the Multi-Asset - Real Return Index. Correlation measures how similarly two investments move in relation to one another. This establishes a 'correlation coefficient', which has a value between -1.0 and +1.0. A 100% correlation between two investments means that the correlation coefficient is +1. Beta in investments measures how much the price moves relative to the broader market over a period of time. If the investment moves more than the broader market, it has a beta above 1.0. If it moves less than the broader market, then the beta is less than 1.0. Investments with a high beta tend to carry more risk but have the potential to deliver higher returns.
How do I compare the investment product with its peers? For a full quantitative report on Fiducian Capital Stable Fund and its peer investments, you can click here for the Peer Investment Report.
How do I compare the Fiducian Capital Stable Fund with the Multi-Asset Growth Investor Index? For a full quantitative report on Fiducian Capital Stable Fund compared to the Multi-Asset Growth Investor Index, you can click here.
Can I sort and compare the Fiducian Capital Stable Fund to do my own analysis? To sort and compare the Fiducian Capital Stable Fund financial metrics, please refer to the table above.
Has the Fiducian Capital Stable Fund been independently verified by SMSF Mate? This investment product is in the process of being independently verified by SMSF Mate. Once we have verified the investment product, you will be able to find more information here.
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Comments from SMSF Mates SMSF Mate does not receive commissions or kickbacks from the Fiducian Capital Stable Fund. All data and commentary for this fund is provided free of charge for our readers general information.
Performance Commentary - August 31, 2023 The Fund outperformed the benchmark in August, with a return of 0.4%, compared to the benchmark return of 0.0%. Over the 12 months to the end of August, the Fund returned 4.4%.
There was mixed performance among asset classes during the month, with equities lower, bonds generally flat, and Australian listed property finishing higher.
The Fund currently has a small overweight to Australian and International equities, as relatively attractive valuations are offset by rising interest rates and a slowing economy. The weighting towards bonds has increased in recent months, with a preference for shorter-term Australian bonds over international bonds.
In the Morningstar Multisector Moderate Category, the Fiducian Capital Stable Fund returns were ranked 44 out of 110 funds over one year, 26 out of 93 funds over five years, and 9 out of 82 funds over the ten year period to 31 August 2023.
Performance Commentary - July 31, 2023 The Fund outperformed the benchmark in July, with a return of 1.2%, compared to the benchmark return of 1.0%. Over the 12 months to the end of July, the Fund returned 2.8%.
Most asset classes finished the month higher, with gains seen in listed property, Australian shares and International shares. Bonds and cash generated small positive returns.
The Fund currently has a small overweight to Australian and International equities, as relatively attractive valuations are offset by rising interest rates and a slowing economy. The weighting towards bonds has increased in recent months, with a preference for shorter-term Australian bonds over international bonds.
In the Morningstar Multisector Moderate Category, the Fiducian Capital Stable Fund returns were ranked 53rd out of 108 funds over one year, 25th out of 93 funds over five years, and 10th out of 82 funds over the ten year period to 31 July 2023.
Performance Commentary - June 30, 2023 The Fund underperformed the benchmark in June, with a return of -0.2%, compared to the benchmark return of 0.2%. Over the year to the end of June, the Fund returned 4.9%.
Over the course of the month, International and Australian shares recorded gains, listed property was flat, and bonds generated a negative return.
The Fund currently has a small overweight to Australian and International equities, as relatively attractive valuations are offset by rising interest rates and a slowing economy. The weighting towards bonds has increased in recent months, with a preference for shorter-term Australian bonds over international bonds.
In the Morningstar Multisector Moderate Category, the Fiducian Capital Stable Fund returns were ranked 29th out of 107 funds over one year, 24th out of 94 funds over five years, and 8th out of 84 funds over the ten year period to 30 June 2023.
Performance Commentary - May 31, 2023 The Fund performed broadly in line with the benchmark in May, with a return of -0.8%, compared to the benchmark return of – 0.7%. Over the year to the end of May, the Fund returned 1.8%. Over the course of the month, Australian Shares, Listed Property and Fixed Income asset recorded small declines. International shares finished higher, due in a large part to a strong US stock market.
The Fund currently has a neutral exposure to Australian and International equities, as relatively attractive valuations are offset by rising interest rates and a slowing economy. The weighting towards bonds has increased in recent months, with a preference for Australian bonds over international bonds. In the Morningstar Multisector Moderate Category, the Fiducian Capital Stable Fund returns were ranked 46th out of 108 funds over one year, 26th out of 94 funds over five years, and 9th out of 83 funds over the ten year period to 31 May 2023.
Performance Commentary - April 30, 2023 The Fund outperformed the benchmark in April, with a return of 0.9%, compared to the benchmark return of 0.8%. Over the year to the end of April, the Fund returned 1.0%. Most asset classes posted positive returns for the month. Listed property was the top performer followed by International Equities and Australian Equities. Fixed Income assets also recorded small gains. The Fund currently has a neutral exposure to Australian and International equities, as relatively attractive valuations are offset by rising interest rates and geopolitical tensions.
The weighting towards bonds has increased in recent months, with a preference for Australian bonds over international bonds. In the Morningstar Multisector Moderate Category, the Fiducian Capital Stable Fund returns were ranked 55th out of 106 funds over one year, 19th out of 93 funds over five years, and 7th out of 83 funds over the ten year period to 30 April 2023.
Performance Commentary - March 31, 2023 The Fund underperformed the benchmark in March, with a return of 1.0%, compared to the benchmark return of 1.3%. Over the year to the end of March, the Fund returned -1.2%.
There was mixed performance between asset classes over the month. International equities outperformed after a strong performance by the US market, and Australian equities finished the month marginally down. Fixed income recorded gains, and listed property finished the month lower.
The Fund currently has a neutral exposure to Australian and International equities, as relatively attractive valuations are offset by rising interest rates and geopolitical tensions. Additionally, an overweight position is held in some shorter duration domestic fixed income.
In the Morningstar Multisector Moderate Category, the Fiducian Capital Stable Fund returns were ranked 64th out of 109 funds over one year, 21st out of 96 funds over five years, and 9th out of 85 funds over the ten year period to 31 March 2023.
Performance Commentary - February 28, 2023 The Fund outperformed the benchmark in February, with a return of -0.7%, compared to the benchmark return of -0.9%. Over the year to the end of February, the Fund returned -2.7%. Most major asset classes finished the month lower, amid some uncertainty regarding the future path for interest rates. International shares were higher due to a fall in the Australian dollar, and property and cash also outperformed. Australian shares and bonds were weaker. The Fund currently has a neutral exposure to Australian and International equities, as relatively attractive valuations are offset by rising interest rates and geopolitical tensions. Additionally, an overweight position is held in some shorter duration domestic fixed income. In the Morningstar Multisector Moderate Category, the Fiducian Capital Stable Fund returns were ranked 56th out of 109 funds over one year, 19th out of 96 funds over five years, and 8th out of 85 funds over the ten year period to 28 February 2023.
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