CC Sage Capital Equity Plus Fund

About this Fund

Fund Detail

PDS https://informedinvestor.com.au/view/pds/101766-2022-03-09-17:14.pdf
ASX Code
INVESTMENT STYLE The Fund takes both long positions and short positions in selected Australian shares.
INVESTMENT PROFILE The Fund aims to achieve positive returns in excess of the Fund Benchmark, after fees and expenses, over the long term.
BENCHMARK S&P/ASX200 Accumulation Index
FUND SIZE S&P/ASX200 Accumulation Index
FEES 0.79% p.a. (including the net effect of GST/RITC)



Benefits of investing in the CC Sage Capital Equity Plus Fund

The Fund provides the following benefits:

  • Access to an investment strategy that would ordinarily be difficult for individual investors to employ;
  • The potential for enhanced returns through the use of short-selling techniques;
  • Diversification through a broader set of investment opportunities;
  • Potentially lower correlation to equity markets by holding both long and short positions;
  • Daily pricing with the option to liquidate your investment at any time; and
  • Investment Manager expertise - the proven expertise of the Sage Capital investment team that has extensive experience in managing long/short portfolios.

Risk level


Investor suitability

The Fund may be suitable for investors with an investment horizon of 5+ years, who seek capital growth and income via exposure to Australian shares and are willing to accept the shorter-term fluctuations in price typically associated with such investments.




Key Features

About the Fund

The Fund aims to achieve positive returns in excess of the Fund Benchmark, after fees and expenses, over the long term by taking both long positions and short positions in selected Australian shares.

The Fund uniquely blends fundamental and quantitative strategies to develop opportunities that generate return. This strategy generates concentrated and uncorrelated returns from fundamental investing, improving on returns derived from the breadth of the quantitative process.

About Sage Capital

Sage Capital is a Sydney based boutique asset manager which is wholly owned by its employees. Newly formed in June 2019, Sage Capital brings together significant expertise in the management of Australian equity portfolios and seeks to add value to investors by exploiting a wide range of market inefficiencies. By employing an extensive and rigorously tested quantitative model that is supported by fundamental analysis, Sage Capital is able to identify companies with superior risk/ return characteristics to invest in.

Sage Capital is led by Sean Fenton, Managing Director and Portfolio Manager for the Fund who is supported by three senior, highly credentialled and experienced Portfolio Managers. The Sage Capital investment team has a combined investment experience of more than 60 years gained from diverse and complimentary careers in equities, including research, analysis and portfolio management. The investment team also brings together experience and knowledge in quantitative and fundamental research as well as global equities, macro, asset allocation, small caps and micro caps. They have worked together in previous roles with generally a four-to-six-year overlap.


How we invest your money

This is an Australian equity long/short strategy with the main asset class held by the Fund being Australian listed shares, as well as cash and cash equivalent instruments, other equity like securities and exchange traded derivatives.

The assets of the Fund will generally be invested in accordance with the following guidelines:

  • The Fund will invest in a portfolio of securities that are listed on the ASX, or expected to be listed within a 90-day period;
  • Long position exposure: Between 90% and 150% of the NAV;
  • Short position exposure: Between 0% and 50% of the NAV;
  • Effective equities exposure (Net): Between 90% and 100% of the NAV;
  • Cash and cash equivalents exposure: Between 0% and 10% of the NAV;
  • Relative (to Fund Benchmark) weight exposure: 5% at the time of initial transaction and up to 6% after allowing for market price movements after the initial transaction;
  • Benchmark weight exposure: At least 90% of the Fund's NAV will be invested in securities that are constituents of the Fund Benchmark (or are expected to be within 90 days of purchase);
  • The Fund will not borrow, except by using overdraft facilities as and when required for the efficient settlement of transactions; and
  • The Fund is permitted to use derivatives: Between 0% and 10% of the NAV. Derivatives are used for hedging purposes only rather than to leverage the Fund. All derivatives used will be exchange traded and covered by cash, physical securities or a combination of both. Futures may be used to maintain market exposure when cash is held in the Fund.