May 2023

Australian Growth Strategy - Multi Factor

Growth of $10,000

Net Monthly Returns

Strategy Overview:

Statistics

Last Month	-0.32%
3 Months Rate of Return	-0.19%
Year To Date	-1.54%
12 Months Rate of Return	-11.12%
36 Months Rate of Return	0.14%
Average Rate of Return	2.31%
Winning Months (%)	63.64%
Average Winning Month	2.28%
Total Return Cumulative	15.80%
Risk Adjusted Returns Since Inception	20.14%
Exposure % Since Inception	78.44%

Corporate Overview:

Investment Adviser	HarbourSide Capital Pty. Ltd.
AFS Representative Number'	448907
Location	Sydney, Australia
Phone	+61 (02) 9432 7850
E-mail	[email protected]
Skype

Investment Summary:

Inception Date	Jan 2017
Minimum Investment	50,000 AUD

	1M	YTD	12 Months Rate of Return	36 Months Rate of Return	Total
Australian Growth Strategy - Multi Factor	-0.32%	-1.54%	-11.12%	0.14%	15.80%
VAS - Vanguard ASX 300	10.24%	0.56%	-1.48%	22.59%	34.62%

	2y (pa)	3y (pa)	5y (pa)	Inception (pa)
Australian Growth Strategy - Multi Factor	-10.59%	0.05%	-1.85%	2.31%
VAS - Vanguard ASX 300	11.37%	7.02%	-	7.89%

Strategy Summary:

Australian Growth Strategy is Multi-Factor investment approach, it looks to identify companies that have the 'golden' combination of being reasonably priced, strong businesses with a combination of strong upside price and earnings momentum. It is an active concentrated approach that focuses on the top 500 Australian listed companies that make up the All-ords (ASX 500). The strategy uses a systematic rules driven approach to identify companies that are both showing strong upside momentum to the ASX 200 and are still showing reasonable valuation compared to the overall market. The strategy also measures overall market strength and will revert back to cash in poorer market conditions.

The strategy also looks to identify strong companies at a reasonable valuation. This dual factor approach combines momentum with valuation, two approaches that are proven to have a statistical edge, into one robust investment approach.

The objective of the HarbourSide Growth Strategy is to provide clients with a sensible investment methodology that gives clients good exposure to Australian Equities while providing comfort from the knowledge that they will be well protected in poorer market environments. The Strategy looks to maximise returns in strong market conditions while identifying weaker overall market conditions. In these weak periods, the proportion of cash held in client portfolios is increased, therefore providing a more defensive proposition than traditional investment strategies, such as managed and index funds. Over the long term clients will benefit from strong upside growth and downside protection.

Performance Aims While the strategy may underperform in strong market conditions it aims to give clients good upside exposure to Australian equity markets in strong investment environments while significantly reducing client's downside risk in poorer market environments.

Statistics

Sharpe Ratio (3 Month T-Bill)	-3.58
Sharpe Ratio (10 Year T-Note)	-
Sortino Ratio (3 Month T-Bill)	-0.06
Sortino Ratio (10 Year T-Note)	-0.22
Average Monthly Return	0.19%
Average Winning Month	2.28%
Average Losing Month	-3.28%
Best Month	8.28%
Worst Month	-14.21%
Max Drawdown (Monthly)	-22.71%
Current Drawdown	-22.56
Yearly Volatility	12.46%
Correlation vs. VAS - Vanguard ASX 300	0.85
Information Ratio vs VAS - Vanguard ASX 300	-0.11

Monthly Performance

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Year
2023	-0.55	-0.80	-0.39	0.52	-0.32								-1.54
2022	-7.14	-2.59	3.99	1.46	-3.61	-7.85	0.38	-1.18	-2.72	0.24	0.99	0.28	-16.96
2021	-1.30	3.57	-1.02	4.28	0.83	1.87	1.33	-3.47	-5.98	-1.65	0.92	5.14	4.01
2020	3.69	-8.97	-14.21	4.00	2.46	0.95	4.51	4.91	-3.36	2.64	2.52	4.61	1.60
2019	1.45	3.34	-0.40	2.84	1.94	3.90	2.78	-3.27	2.39	0.28	1.49	-1.26	16.35
2018	1.04	4.13	-4.36	5.99	0.66	-1.19	0.76	0.47	0.40	-7.73	-2.28	0.07	-2.72
2017	-1.58	2.28	2.99	1.28	-0.76	1.73	-1.95	2.57	1.37	8.28	0.74	0.44	18.40

Past performance is no guarantee or reliable indication of future results. Performance data is collated from real-time trading accounts. Because these strategies are run as individual portfolios and individual clients’ holdings, performance can differ slightly from one client to another. This can be due to differing start dates, available liquidity or risk profiles and other variables. Performance figures are net of Harbourside Capital management fees and commissions charged by Interactive Brokers but does not include Harbourside Capital Annual flat fee of $330.

Drawdown Report

No.	Depth (%)	Length (Months)	Recovery (Months)	Start date	End date
Fund	Index	Fund	Index	Fund	Index	Fund	Index	Fund	Index
1	-22.71%	-	20	-	0	-	08/2021	-	-	-
2	-21.91%	-	2	-	11	-	02/2020	-	02/2021	-
3	-9.83%	-	2	-	7	-	10/2018	-	06/2019	-
4	-4.36%	-	1	-	1	-	03/2018	-	04/2018	-
5	-3.27%	-	1	-	3	-	08/2019	-	11/2019	-

Return Report

Period	Last	Best	Worst	Average	Median	Winning %
1 Month	-0.32%	8.28%	-14.21%	0.26%	0.74%	63.64%
3 Months	-0.19%	12.58%	-19.02%	0.82%	1.80%	64.00%
6 Months	-1.26%	16.85%	-18.63%	1.56%	2.75%	56.94%
1 Year	-11.12%	27.29%	-19.41%	2.75%	-0.07%	50.00%
2 Years	-20.06%	29.55%	-20.06%	5.64%	9.30%	62.96%
3 Years	0.14%	41.19%	-15.84%	8.19%	10.58%	78.57%
5 Years	-8.90%	41.62%	-8.90%	11.21%	9.45%	55.56%

Time Window Analysis

	1 Month	3 Months	6 Months	1 Year	2 Years	3 Years	5 Years
Average ROR	-3.77%	-0.77%	-2.50%	-11.12%	-10.59%	0.05%	-1.85%
% Positive	0.00%	33.33%	33.33%	41.67%	45.83%	55.56%	60.00%
Avg. Pos. Period	-	0.52%	0.40%	0.48%	1.56%	2.30%	2.17%
Avg. Neg. Period	-0.32%	-0.36%	-0.52%	-1.97%	-2.94%	-2.75%	-3.47%
Sharpe Ratio	0.00	-0.53	-1.57	-1.44	-0.99	0.06	-0.08
Sortino Ratio	-3.46	-0.76	-1.64	-1.39	-1.13	0.01	-0.17
Standard Deviation	0.00%	0.41%	0.46%	2.28%	3.07%	3.21%	3.71%
Downside Deviation	0.32%	0.29%	0.45%	2.44%	2.83%	2.40%	3.08%
Volatility	0.00%	1.43%	1.60%	7.89%	10.64%	11.11%	12.84%

THE FACT SHEET CONTAINS GENERAL INFORMATION ONLY AND DOES NOT TAKE INTO ACCOUNT INDIVIDUAL FINANCIAL CIRCUMSTANCES. INVESTORS SHOULD CONSIDER THE INFORMATION MEMORANDUM AND SEEK INDEPENDENT ADVICE TO DECIDE IF THE STRATEGY IS APPROPRIATE TO THEIR CIRCUMSTANCES. HARBOURSIDE CAPITAL PTY LTD (ACN 166 765 537) IS A CORPORATE AUTHORISED REPRESENTATIVE (AR NUMBER 448 907) OF HLK GRO UP PTY LTD (ACN 161 284 500) WHICH HOLDS AN AUSTRALIAN FINANCIAL SERVICES LICENCE (AFSL 435746). THIS MATERIAL IS GENERAL IN NATURE AND SHOULD NOT BE CONSIDERED BY THE RECIPIENT AS A RECOMMENDATION RELATING TO THE ACQUISITION OR DISPOSAL OF INVESTMENTS. THIS MATERIAL DOES NOT CONTAIN SUFFICIENT INFORMATION TO SUPPORT AN INVESTMENT DECISION AND INVESTORS SHOULD ENSURE THAT THEY OBTAIN ALL AVAILABLE RELEVANT INFORMATION, INCLUDING THE INVESTMENT MEMORANDUM, BEFORE MAKING AN INVESTMENT. ANY ADVICE PROVIDED PREVIOUS TO A STATEMENT OF ADVICE (SOA) IS GENERAL ADVICE ONLY AND IS BASED SOLELY ON CONSIDERATION OF THE INVESTMENT OR TRADING MERITS OF THE FINANCIAL PRODUCTS ALONE, WITHOUT TAKING INTO ACCOUNT THE INVESTMENT OBJECTIVES, FI NANCIAL SITUATION AND PARTICULAR NEEDS (I.E. FINANCIAL CIRCUMSTANCES) OF ANY PARTICULAR PERSON. THE FINANCIAL SERVICES GUIDE SHOULD BE CONSIDERED BEFORE DECIDING TO DEAL WITH HARBOURSIDE CAPITAL PTY LTD. BEFORE ACTING ON ANY INFORMATION ON THIS WEBSITE, YOU SHOULD CONSIDER THE APPROPRIATENESS OF IT (AND ANY RELEVANT PRODUCT) HAVING REGARD TO YOUR CIRCUMSTANCES AND YOU SHOULD CAREFULLY READ AND REVIEW THE PDS OF THE RELEVANT FINANCIAL PRODUCT AS PROVIDED BEFORE ACQUIRING THE PRODUCT.