Staude Capital Global Value Fund (GVF) Investor Presentation summary

Performance highlights

• Achieved annualised returns of over 11% per annum since inception, with no down years in 11 years.

• Outperformed major benchmarks on a risk-adjusted basis, with a Sharpe Ratio of 1.23 and Sortino Ratio of 2.38.

• Tripled initial investment value for investors who reinvested all returns, reaching $31,606 from $10,000.

• Delivered consistent positive adjusted NTA returns across all financial years since launch.

• Distributed grossed-up dividends totaling 87c per share since IPO, plus option value.

Portfolio and diversification

• Maintains a diversified portfolio across listed equity (33%), private equity (26%), debt, real estate, infrastructure, and hedge funds.

• Currency exposures are spread across USD (46%), AUD (29%), EUR (18%), and others.

• Asset class diversification aims to lower portfolio risk without impairing alpha.

Market trends and big picture

• US tech and communications sector's market value weight has grown significantly since 1995.

• The passive investment industry has seen exponential growth, with passive funds projected to reach 64% of US mutual fund assets by 2025.

• Private capital now dominates markets, with private companies vastly outnumbering public ones and controlling a larger share of large company ownership.

• Technology disruptors increasingly choose to stay private, with major firms like OpenAI, SpaceX, and ByteDance valued in the hundreds of billions.