Investment Objective
Ellington invests in residential mortgage-backed securities as well as other securitised consumer and corporate credit, such as commercial mortgage backed securities and collateralised loan obligations. The fund employs a relative value approach and allocates capital utilising Ellington’s proprietary models, fundamental research, data and analytics. The fund’s investment objective is to achieve total return over a full market cycle through a combination of current income, capital preservation and capital appreciation.
Reference Index
HFRX RV: FI-Asset Backed Index
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.7 | 0.6 | 0.8 | 0.1 | 0.7 | 0.6 | 0.5 | 0.1 | 1.0 | 0.5 | 0.9 | 0.6 | 1.0 | |
| 2022 | 0.9 | 0.8 | 0.5 | 0.7 | 0.2 | 0.6 | 0.1 | 0.4 | 1.0 | 0.9 | 0.5 | 0.9 | 0.6 |
