OUR FUND IS DESIGNED FOR INVESTORS SEEKING A DIVERSIFIED EXPOSURE TO GLOBAL EQUITIES. PROVIDING UPSIDE PARTICIPATION IN BOTH RISING AND FALLING MARKETS, OUR UNCONSTRAINED QUANTAMENTAL INVESTMENT APPROACH MATERIALLY DIFFERENTIATES OUR STOCK AND SECTOR POSITIONS FROM THEIR INDEX, AND IN TURN, THE FUNDS’ LOWER RISK PROFILE.
- FUND PERFORMANCE
- PERFORMANCE CHART
- MONTHLY RETURNS
- INVESTMENT STRATEGY
- PORTFOLIO SNAPSHOT
FUND PERFORMANCE
| 1 MTH | 3 MTH | 6 MTH | FYTD | 1 YR P/A | 2 YRS P/A | SINCE INCEPTION | |
| Goldsky Global Alpha Fund | 2.87% | 6.72% | 10.77% | 13.96% | 21.00% | 24.42% | 20.02% |
| MSCI World Net Index | -0.45% | 0.21% | 10.67% | 10.47% | 16.25% | 14.63% | 10.02% |
| Out Performance | 3.32% | 6.51% | 0.10% | 3.49% | 4.75% | 9.76% | 10.0% |
Performance returns for periods of less than one year are not annualised. All “p.a.” returns are annualised
Net returns are before taxes but after management fees and transaction costs. Returns have been calculated assuming reinvestment of all distributions.
Index returns reflect capital gains and losses, income, and the reinvestment of dividends. Index returns are unmanaged and do not reflect the deduction of any fees or expenses. The calculation method for the value-added returns may show rounding differences
Investment returns are calculated using the Fund’s unit price and represent the combined income and capital return for the specified period. They are net of fees and costs (excluding the buy-sell spread), pre-tax and assume the reinvestment of distributions. The investment returns shown are historical and no warranty can be given for future performance.
You should be aware that historical performance is not a reliable indicator of future performance. Due to the volatility of the underlying assets of the Fund and other risk factors associated with investing, investment returns can be negative (particularly in the short-term).
Source: Goldsky Asset Management for fund returns and FactSet for MSCI returns.
All data where MSCI is referenced is the property of MSCI Inc. No use or distribution of this data is permitted without the written consent of MSCI Inc. The data is provided “as is” without any warranties by MSCI Inc. MSCI Inc. assumes no liability for or in connection with this data.
PERFORMANCE CHART
Performance returns for periods of less than one year are not annualised. All “p.a.” returns are annualised
Net returns are before taxes but after management fees and transaction costs. Returns have been calculated assuming reinvestment of all distributions.
Index returns reflect capital gains and losses, income, and the reinvestment of dividends. Index returns are unmanaged and do not reflect the deduction of any fees or expenses. The calculation method for the value-added returns may show rounding differences
Investment returns are calculated using the Fund’s unit price and represent the combined income and capital return for the specified period. They are net of fees and costs (excluding the buy-sell spread), pre-tax and assume the reinvestment of distributions. The investment returns shown are historical and no warranty can be given for future performance.
You should be aware that historical performance is not a reliable indicator of future performance. Due to the volatility of the underlying assets of the Fund and other risk factors associated with investing, investment returns can be negative (particularly in the short-term).
Source: Goldsky Asset Management for fund returns and FactSet for MSCI returns.
All data where MSCI is referenced is the property of MSCI Inc. No use or distribution of this data is permitted without the written consent of MSCI Inc. The data is provided “as is” without any warranties by MSCI Inc. MSCI Inc. assumes no liability for or in connection with this data.
MONTHLY RETURNS
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | |
| 2015 | 3.39% | 1.09% | 1.25% | 3.69% | -0.95% | 2.60% | -0.11% | 0.92% | 5.32% | -0.59% | -0.76% | 14.67% | |
| 2016 | -0.13% | -0.98% | 0.87% | 1.56% | 5.91% | -0.71% | 3.36% | 3.16% | -0.47% | 0.05% | 4.53% | 4.77% | 23.76% |
| 2017 | 1.78% | 3.13% | 0.93% | 3.13% | 1.61% | 1.37% | 1.18% | 2.01% | 0.91% | 2.13% | 1.01% | 2.73% | 24.22% |
| 2018 | 1.12% | 2.87% | 3.99% |
Performance returns for periods of less than one year are not annualised. All “p.a.” returns are annualised
Net returns are before taxes but after management fees and transaction costs. Returns have been calculated assuming reinvestment of all distributions.
Index returns reflect capital gains and losses, income, and the reinvestment of dividends. Index returns are unmanaged and do not reflect the deduction of any fees or expenses. The calculation method for the value-added returns may show rounding differences
Investment returns are calculated using the Fund’s unit price and represent the combined income and capital return for the specified period. They are net of fees and costs (excluding the buy-sell spread), pre-tax and assume the reinvestment of distributions. The investment returns shown are historical and no warranty can be given for future performance.
You should be aware that historical performance is not a reliable indicator of future performance. Due to the volatility of the underlying assets of the Fund and other risk factors associated with investing, investment returns can be negative (particularly in the short-term).
Source: Goldsky Asset Management for fund returns and FactSet for MSCI returns.
All data where MSCI is referenced is the property of MSCI Inc. No use or distribution of this data is permitted without the written consent of MSCI Inc. The data is provided “as is” without any warranties by MSCI Inc. MSCI Inc. assumes no liability for or in connection with this data.
INVESTMENT STRATEGY
The Goldsky Global Alpha primarily invests in listed securities in developed markets. Goldsky utilizes a long/short strategy aiming to profit from both the rise and fall of individual securities. By utilizing a combination of quantitative investment models and proprietary sentiment indicators to identify both in-favor and out-of-favor (overvalued) or (undervalued) stocks in the marketplace at the time of purchase that has the potential for near-term depreciation or appreciation.
The funds’ key investment guidelines are summarised below.
Management fee | 1.85% per annum.
Performance fee | 20% above highwater mark of the MSCI world net index.
Suggested time horizon | 3 or more years
Cash holdings
typical range 10 to 30% of the funds’ net asset value
permissible range 0 -100% of the funds’ net asset value cash holdings.
geographic limits N/A.
Industry sector limits N/A.
Number of securities in portfolio typically| 50-150
Net equity exposure | typically 60% or more of the fund’s net asset value.
limits on individual security holdings | the fund will seldom invest more than 5% of its net asset value in the securities.
Short-selling | the fund actively short-sells securities and indices to take opportunities to increase returns in declining securities/markets
Foreign currency I the fund’s currency exposures are actively managed using proprietary behavioural and sentiment indicators with the aim of capturing returns and minimising the risks arising from the fund’s exposure to foreign currency fluctuations, which can change the value of the equity investments measured in the fund’s reporting currency.
The fund does not borrow funds, though borrowing is permitted under the fund’s constitution. the fund may be leveraged through the use of derivatives.
Derivatives | the fund may use financial derivative instruments for risk management purposes and/or as a way to take opportunities to increase returns.
PORTFOLIO SNAPSHOT
SECTOR ALLOCATION
| Goldsky Global ALpha Fund | MSCI WORLD NET INDEX | |
|---|---|---|
| Health Care | 17.91% | 12.17% |
| Financials | 16.27% | 16.47% |
| Consumer Stapels | 8.88% | 9.91% |
| Industrials | 8.17% | 12.20% |
| Materials | 5.10% | 4.20% |
| Telecommunication | 4.77% | 3.46% |
| Consumer Discretionary | 7.28 | 5.71 |
| Information Technology | 19.40% | 18.44 |
| Real Estate | 1.39% | 4.47% |
| Eneregy | 2.61% | 6.76% |
COUNRTY ALLOCATION
| Goldsky Global ALpha Fund | MSCI WORLD NET INDEX | |
|---|---|---|
| United States | 58.76% | 60.52% |
| Japan | 7.21% | 7.71% |
| Canada | 3.48% | 3.89% |
| France | 4.07% | 3.98% |
| Singapore | 4.13% | 1.23% |
| Hong kong | 3.16% | 1.40% |
| Spain | 2.71% | 1.21% |
| Netherlands | 1.87% | 1.21% |
| Norway | 0.34% | 0.89% |
| Germany | 1.10% | 3.77% |
| Australia/Other | 13.17% | 14.19% |
FUND MANAGERS LETTER
The Goldsky global alpha fund was developed to provide an active solution that has investors financial goals at the heart of portfolio construction. The fund has achieved strong, risk-adjusted returns, substantially outperforming its relative benchmark while facilitating a smoother ride with a much lower risk profile enabling investors to achieve their financial objectives.
The fundamental premise on which our investment philosophy is based is that superior long-term results can be achieved by systematically exploiting the judgmental biases and behavioural weaknesses that influence the decisions of many investors. Goldsky uses a combination of quantitative investment models and proprietary sentiment indicators to invest in both in-favour and out-of-favour (overvalued) or (undervalued) stocks in the marketplace at the time of purchase that have the potential for near-term depreciation or appreciation.
The most valuable insights are derived from the information that is not obvious to the market, and that a well-constructed quantitative process when applied to a broad universe, can add meaningful value to portfolio returns. By creating a unique set of non-traditional alpha factors, we have demonstrated our ability to produce excess returns in a variety of market environments
In this new age, the lines between fundamental and quantitative active management have become increasingly blurred as we embrace new tools and technology. Successful active management incorporates the best elements of both approaches.
While it has become commonplace to marvel at the amount of data our new “Internet of Everything” age is throwing off, it is worth reminding ourselves of the order of magnitude by which the information we can apply to our investment process is growing.
WHY INVEST IN GLOBAL EQUITIES
Many investors Portfolios are biased toward domestic equities
Listed companies are becoming increasingly global
The best performing market each year is typically outside Australia
Exposure to the best companies in the world
Diversification and Risk Management
GOLDSKY CHARITY FOUNDATION
SLEEP SAFE SLEEP SWEET FOUNDATION
Our initiative is to get our young people in the Tweed region affected by homelessness to a place where they can not only stabilise their lives but with help realise that they are valued and active members of our community.
CONTACT
CORPORATE
For questions regarding shareholder or investor relations information, please email
INSTITUTIONAL SERVICES
For questions regarding our Global Alpha Fund for large corporations, institutions and governments please email
CAREERS
To send a resume or find out about employment, recruiting and internships please email