An Agusto & Co FUND PERFORMANCE rating is based on a quantitative assessment of a portfolio’s return relative to a bespoke benchmark calculated by Agusto & Co.
Rating Methodology
To arrive at a rating, the average performance for the prior 12 months is compared to a fund specific benchmark – which is a function of the portfolio’s:
- underlying asset types,
- concentrations,
- inherent credit risk, and
- strategic asset allocation
Given a fund’s guidelines, a performance “CAP” and “FLOOR” is calculated using the 12 month average listed share prices for a concentrated and diversified equity holding; and NIBOR rates for fixed income securities. The cap is a benchmark for excellent performance, and the floor a benchmark for poor performance.
The CAP : FlOOR spread (Performance collar) is split into 100 units. Performance ratings will then be calculated based on the number of units away from the cap that the fund’s actual performance is.
Rating Definition
Distance form Cap |
Agusto & Co. Fund
Performance Rating |
Definition |
0 – below 20 |
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Excellent historical, relative Fund Performance |
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20 – below 30 |
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Very Good historical, relative Fund Performance |
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30 – below 40
|
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Good historical, relative Fund Performance |
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|
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40 – below 60
|
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Average historical, relative Fund Performance |
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60 – below 75
|
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Below average historical, relative Fund Performance |
Our ratings for fund performance are not an indication of the future performance of the fund or any of the other funds managed by the asset manager. |
