The Castellain Value Fund targets high absolute returns with a moderate risk profile. It primarily invests in the shares of listed closed-end funds which trade at a discount to their reported net asset values. We try to identify catalysts which will cause either the discount to net asset value to narrow or the net asset value to rise. Where appropriate, we mitigate market risk through hedging, although we often view the discount itself as a form of hedge. The portfolio manager of the fund is Robert Goldsmith. It was launched in February 2009. In April 2018, the fund became a UCITS fund.
Performance
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.0% | 1.2% | 1.1% | 1.0% | 2.0% | -0.1% | 4.2% | -0.2% | 1.5% | -2.6% | 9.4% | ||
| 2023 | 2.8% | 0.9% | -4.0% | 1.3% | -0.3% | -0.6% | 3.1% | -1.1% | -1.3% | -5.0% | 6.5% | 6.1% | 8.1% |
| 2022 | -2.9% | -1.9% | 3.3% | -0.9% | -2.5% | -3.9% | 3.4% | -2.5% | -6.9% | 1.7% | 4.1% | -0.1% | -9.1% |
| 2021 | 0.7% | 1.5% | 1.5% | 4.1% | 1.2% | 1.2% | 1.0% | 1.9% | 0.4% | 2.0% | -0.5% | 2.3% | 18.6% |
| 2020 | -0.3% | -5.8% | -21.2% | 7.7% | 4.0% | 2.6% | 3.3% | 2.6% | 0.2% | 1.2% | 9.3% | 4.0% | 4.0% |
| 2019 | 4.1% | 1.6% | 0.6% | 1.2% | -1.1% | 1.1% | 2.0% | 0.3% | 1.9% | -0.2% | 1.5% | 2.7% | 16.6% |
| 2018 | 0.5% | -1.4% | -0.7% | 1.6% | 1.7% | 0.4% | 0.5% | -0.3% | 0.0% | -2.3% | -1.0% | -2.7% | -3.7% |
| 2017 | 2.1% | 1.4% | 0.7% | 1.6% | 1.8% | 0.2% | 1.1% | -0.0% | 0.7% | 1.2% | 0.5% | 1.0% | 13.0% |
| 2016 | -2.7% | 1.1% | 2.9% | 2.6% | 0.2% | 1.5% | 2.0% | 2.7% | 1.9% | 2.7% | -0.9% | 1.9% | 17.0% |
| 2015 | 2.3% | 0.9% | 1.5% | -0.3% | 1.8% | -1.8% | 1.1% | -2.5% | -1.2% | 1.2% | 0.4% | 1.5% | 4.9% |
| 2014 | 2.5% | 4.6% | -1.7% | -1.5% | 0.1% | 0.4% | 2.6% | 1.3% | -1.6% | -1.1% | 0.3% | 0.5% | 6.5% |
| 2013 | 5.1% | 4.0% | 0.9% | 0.1% | 2.6% | -0.8% | 1.5% | -0.4% | 1.7% | 2.2% | -0.6% | -0.3% | 17.0% |
| 2012 | 0.4% | 3.5% | 1.9% | 0.5% | -0.6% | 0.4% | 3.1% | 2.9% | 4.3% | 1.1% | 0.7% | 1.5% | 21.4% |
| 2011 | 2.1% | 2.1% | 1.4% | -0.1% | 1.3% | -1.2% | -1.6% | -5.6% | -2.4% | -0.8% | -2.6% | -1.4% | -8.8% |
| 2010 | 2.5% | 1.6% | 3.6% | 4.5% | -0.7% | -0.6% | 1.1% | 0.8% | 2.3% | 2.5% | 1.0% | 4.2% | 24.9% |
| 2009 | - | 11.5% | -0.1% | 17.5% | 7.4% | -3.9% | 3.7% | 16.2% | 12.3% | 6.0% | 0.9% | 2.7% | 100.8% |
Documents
- Key Investor Information Document
- Prospectus – Castellain ICAV
- Supplement – Castellain Value Fund
- Excess Reportable Income for year end 2022 – Castellain Value Fund Share Class B
Please note that Castellain Capital LLP is not permitted to deal with retail investors and this page is aimed solely at professional investors. Retail investors should contact an independent financial adviser, wealth manager or stockbroker if interested in learning more about and investing in Castellain’s funds.
Application forms for professional investors are available by contacting Castellain Capital.