Fiducian Capital Stable Fund (FPS0002AU) Report & Performance

What is the Fiducian Capital Stable Fund fund?

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.

Growth of $1000 Investment Over Time

Performance Report

Peer Comparison Report

Peer Comparison Report

Latest News & Updates For Fiducian Capital Stable Fund

Fiducian Capital Stable Fund Fund Commentary September 30, 2023

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.

READ HISTORICAL PERFORMANCE COMMENTARIES

Product Snapshot

  • Product Overview
  • Performance Review
  • Peer Comparison
  • Product Details

Product Overview

Fund Name APIR Code
? A Product Code is unique a identifier code issued by a group or governing body, to reference products in a large group. For an example, APIR codes are commonly used for Funds and Ticker codes are commonly used for Securities such as ETFs and Stocks.
Structure
?
Asset Class
? An Asset Class breakdown provides the percentages of core asset classes found within a mutual fund, exchange-traded fund, or another portfolio. Asset classes (in microeconomics and beyond) generally refer to broad categories such as equities, fixed income, and commodities.
Asset Category
? An Asset Category is a grouping of investments that exhibit similar characteristics and are subject to the same laws and regulations. Asset categories (or a sub-asset class) are made up of instruments which often behave similarly to one another in the marketplace, looking down to the Asset Category level is important if looking to build a diversified portfolio.
Peer Benchmark Name
? A Peer Index (benchmark) refers to a peer group of investment managers who have the same investment style or category. It is used to compare the performance of one manager to their peer group, which makes it simpler for investors to choose between the vast number of investment managers.
Broad Market Index
? A Market Index (benchmark) refers to a hypothetical portfolio of investments that represents a segment, asset or category of an investable market. Market Indices are used to benchmark managers performance, to assist their style reliability and ability to provide excess returns.
FUM
? Funds/Assets under management (AUM) is the total market value of the investments that a person or entity manages on behalf of clients. Assets under management definitions and formulas vary by company.
Management Fee
? A management fee is a charge levied by an investment manager for managing an investment fund. The management fee is intended to compensate the managers for their time and expertise for selecting finanical products and managing the portfolio.
Performance Fee
? A performance fee is a payment made to an investment manager for generating positive returns. This is as opposed to a management fee, which is charged without regard to returns. A performance fee can be calculated many ways. Most common is as a percentage of investment profits, often both realized and unrealized. It is largely a feature of the hedge fund industry, where performance fees have made many hedge fund managers among the wealthiest people in the world.
Spread
? A spread can have several meanings in finance. Basically, however, they all refer to the difference between two prices, rates or yields. In one of the most common definitions, the spread is the gap between the bid and the ask prices of a security or asset, like a stock, bond or commodity. This is known as a bid-ask spread.
Fiducian Capital Stable FundFPS0002AUManaged FundsMulti-AssetReal ReturnMulti-Asset - Real Return IndexMulti-Asset Growth Investor Index351.83 M0.76%0.00%0.15%

Performance Review

Fund Name Last Month
? Returns after fees in the most recent (last) month).
3 Months Return
? Returns after fees in the most recent 3 months.
1 Year Return
? Trailing 12 month returns.
3 Years Average Return
? Average Annual returns from the last 3 years.
Since Inc. Average Return
? Average (annualised) returns since inception
1 Year Std. Dev. (Annual)
? The standard deviation (or annual volatility) of the last 12 months.
3 Years Std. Dev. (Annual)
? The average standard deviation (or annual volatility) from the last 3 years.
Since Inc. Std. Dev. (Annual)
? The average standard deviation (or annual volatility) since the fund inception.
1 Year Max Drawdown
? The maximum drawdown in the last 12 months - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
3 Year Max Drawdown
? The maximum drawdown in the last 36 months - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
Since Inc. Max Drawdown
? The maximum drawdown since inception - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
Fiducian Capital Stable Fund1.39%4.33%12.01%1.98%5.3%5.64%6.29%4.21%-2.22%-10.42%-11.69%

Peer Comparison

Fund Name Peer Index Name
? A group of individuals who share similar characteristics and interests are called peer groups. Peer group analysis is an essential part of assessing a price for a particular stock in investment research. The emphasis here is on making a comparison, meaning that the peer group constituents should be more or less identical to the company being examined, especially in terms of their main business and market capitalization areas.
12 Months Excess Return
? Excess returns are an important metric that helps an investor to gauge performance in comparison to other investment alternatives. In general, all investors hope for positive excess return because it provides an investor with more money than they could have achieved by investing elsewhere.
Excess Return Annualised Since Inception
? Excess returns are an important metric that helps an investor to gauge performance in comparison to other investment alternatives. In general, all investors hope for positive excess return because it provides an investor with more money than they could have achieved by investing elsewhere.
12 Months Alpha
? Alpha is used in finance as a measure of performance, indicating when a strategy, trader, or portfolio manager has managed to beat the market return over 12 months. Alpha, often considered the active return on an investment, gauges the performance of an investment against a market index or benchmark that is considered to represent the market’s movement as a whole.
Alpha Annualised Since Inception
? Alpha is used in finance as a measure of performance, indicating when a strategy, trader, or portfolio manager has managed to beat the market annualized since inception. Alpha, often considered the active return on an investment, gauges the performance of an investment against a market index or benchmark that is considered to represent the market’s movement as a whole.
12 Months Beta
? Rolling 12Month Beta is a measure of the volatility—or systematic risk—of a security or portfolio compared to the market as a whole. Beta is used in the capital asset pricing model (CAPM), which describes the relationship between systematic risk and expected return for assets (usually stocks).
Beta Annualised Since Inception
? Beta is a measure of the volatility—or systematic risk—of a security or portfolio compared to the market as a whole. Beta is used in the capital asset pricing model (CAPM), which describes the relationship between systematic risk and expected return for assets (usually stocks).
12 Months Tracking Error
? 12Month Tracking error is the difference in actual performance between a position (usually an entire portfolio) and its corresponding benchmark over the last 12 months. The tracking error can be viewed as an indicator of how actively a fund is managed and its corresponding risk level. Evaluating a past tracking error of a portfolio manager may provide insight into the level of benchmark risk control the manager may demonstrate in the future.
Tracking Error Since Inception
? Since Inception tracking error is the difference in actual performance between a position (usually an entire portfolio) and its corresponding benchmark since inception. The tracking error can be viewed as an indicator of how actively a fund is managed and its corresponding risk level. Evaluating a past tracking error of a portfolio manager may provide insight into the level of benchmark risk control the manager may demonstrate in the future.
12 Months Correlation
? Correlation, in the finance and investment industries, is a statistic that measures the degree to which two securities move in relation to each other. Correlations are used in advanced portfolio management, computed as the correlation coefficient, which has a value that must fall between -1.0 and +1.0.
Correlation Since Inception
? Correlation, in the finance and investment industries, is a statistic that measures the degree to which two securities move in relation to each other. Correlations are used in advanced portfolio management, computed as the correlation coefficient, which has a value that must fall between -1.0 and +1.0.
Fiducian Capital Stable FundMulti-Asset - Real Return Index0.79%0.58%NA%NA%NA%1.161.42%3.28%0.980.86

Product Details

Fund Name Verifed by SMSF Mates Manager Address Phone Website Email
Fiducian Capital Stable FundYes-https://www.fiducian.com.au/-

Product Due Diligence

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.

How can I invest in Fiducian Capital Stable Fund?

If you or your self managed super fund would like to invest in the Fiducian Capital Stable Fund please contact via phone or via email .

How do I get in contact with the Fiducian Capital Stable Fund?

If you would like to get in contact with the Fiducian Capital Stable Fund manager, please call .

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.

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Historical Performance Commentary

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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