Datt Absolute Return Fund Performance – September 2025 Review

The Fund Advances 9.09% as Markets Remain Resilient

The Datt Absolute Return Fund delivered a net return of 9.09% in September, outperforming its benchmark by 8.38%. The Fund’s annualised return since inception is 20.12%, reflecting consistent delivery of risk-adjusted performance across varying market conditions.

Technology and resource exposures were the largest contributors this month, supported by selective positions in high-quality industrial names. Healthcare holdings saw a modest pullback, partially offsetting broader gains.

Performance Snapshot

• 1 month: +9.09%
• 3 months: +13.82%
• 1 year: +23.96%
• 3 years (p.a): +15.47%
• 5 years (p.a): +17.82%
• Since inception (p.a): +20.12%
• Since inception (total): +226.72%

Performance is reported after all fees and expenses. Inception August 2018. Past performance is not an indicator of future results.

Download the full newsletter: Datt Absolute Return Fund Newsletter – September 2025

Market Overview

Equity markets extended their strength through September, with the S&P/ASX 200 recording solid gains amid stable interest rate expectations and resilient corporate earnings. Resource and technology sectors continued to lead the advance, while defensive areas such as healthcare and utilities lagged.

Investor sentiment remains buoyant, supported by steady domestic growth and the expectation that monetary easing will continue into early 2026.

Portfolio Positioning

At month end, the Fund held 19 positions with 87% of capital deployed, maintaining balanced exposure across its highest-conviction ideas. Position sizes reflect a disciplined approach to both opportunity and risk, with the top five holdings representing 48% of portfolio value.

The Fund continues to seek attractive entry points in select technology, energy transition, and industrial services names that demonstrate structural growth and resilient cash flows.

Outlook

The investment environment remains favourable for experienced active managers. Valuations in select small- and mid-cap segments continue to present opportunities for those able to separate durable businesses from cyclical momentum.

The Fund remains disciplined and opportunistic, balancing participation in market strength with a clear focus on capital preservation.

About the Datt Absolute Return Fund

The Datt Absolute Return Fund is a long-only absolute return strategy targeting consistent, double-digit returns over the medium term, regardless of broader market direction. Established in 2018, the Fund's investment objectives and strategy prioritises independent research, capital preservation, and alignment with investors through substantial co-investment by its principals.

For more information, visit the Fund page or contact Daniel Liptak, Head of Distribution, at daniel@datt.com.au or 0419 004 524.