Staude Capital Global Value Fund Ltd · ASX:GVF
Staude Capital Global Value Fund — Investor Presentation (May 2025)
23 slides from Staude Capital Global Value Fund's investor presentation, May 19, 2025
Slide 1: Staude Capital Global Value Fund
STAUDE CAPITAN GLOBAL VALUE FUND Miles mC Emma ‘eam Mark t Staude ay Davidson 7 Ambrose it miles.staude@ emma.davidson@ mark.ambrose@ Mobile: 0423 428 972 Mobile: 0401 299 885 @globalvaluefund.com.au NTA RETURN:
Slide 2: For personal use only
For personal use only 1) GVF update 2) A quick overview of the big picture 3) Two tectonic changes taking place 4) Case studies
Slide 3: GVF update
For personal use only 1) GVF update
Slide 4: Not a single down year since launch
For personal use only Not a single down year since launch 11 years ago Annualised returns1 of >11% per annum Outperformance across the board Unless otherwise stated, data sourced from Bloomberg LP, Staude Capital Limited and Company reports and all data as of 31st March 2025. 1 All data presented on
Slide 5: Risk adjusted returns over the last decade
Risk adjusted returns over the last decade July 2014 – 31 March 2025 For personal use only Annualised Return Volatility Sharpe Ratio Sortino Australian Shares 1 9% 14% 0.49 0.92 US Shares 2 16% 13% 1.08 2.05 Global Shares 3 13% 11% 1.00 1.78 Global Value Fund (ASX: GVF) 4 11% 7.6% 1.22 2.32 GVF Sort
Slide 6: A quick overview of the big picture
For personal use only 2) A quick overview of the big picture
Slide 7: For personal use only
For personal use only
Slide 8: Two tectonic changes taking place
For personal use only 3) Two tectonic changes taking place
Slide 9: Growth of private markets and passive industry
For personal use only 1) Incredible growth of private markets (and disappearance of public markets) 2) The exponential growth of the passive industry
Slide 10: S&P Indices Versus Active scorecard
The S&P’s Indices Versus Active scorecard For personal use only Data sourced from S&P Dow Jones Indices as of 31 December 2024. Please refer here for full disclaimer.
Slide 11: US mutual fund industry assets: active/passive split
US mutual fund industry assets: Actual and projected active / passive split in the United States. For personal use only $26.8 T Growth Active Passive 50% $18.3 T AUM ($/%) 103% 36% $10.2 T 208% 21% 50% 64% 79% 2011 2018 2025 Source: PwC analysis based on data from ICI. Estimates for 2025 based on PW
Slide 12: Private capital dominates markets today
Private capital dominates markets today Private capital is replacing public capital markets For personal use only Number of US listed companies1 Ownership of US companies with revenues 9,000 over US$100m2 8,000 7,000 6,000 5,000 4,000 3,000 Private Public 1993 1994 1995 1996 1997 1998 1999 2000 2001
Slide 13: Charting Private Markets
Charting Private Markets How does the size of private markets compare to public markets? 250,000 For personal use only 215,400 200,000 Buyout 150,000 100,000 Venture 50,000 8,799 0 Public Private Source: HarbourVest Private company count: PitchBook as of October 2, 2024 Public company count: MSCI AC
Slide 14: Charting Private Markets
Charting Private Markets How does the size of private markets compare to public markets? For personal use only $100,000 $90,000 $87.8 T $80,000 $70,000 Market size (Billions) $60,000 $50,000 $40,000 $30,000 $20,000 $14.98 T $11.0 T $10,000 Buyout Magnificent 7 Venture $- Public Private Source: Harbo
Slide 15: Private Equity Returns vs mPME
Private capital dominates markets today Private Equity Returns (%, p.a.) vs Modified Public Market Equivalents (mPME) For personal use only Cambridge Associates US Private Eq Index mPME MSCI World 18% Hundreds 16% 14% 12% 10% 8% 6% 4% 2% 0% 3 yrs 5 yrs 10 yrs 15 yrs 20 yrs As of 30th September 2024
Slide 16: Would the Magnificent Seven go public today?
Would the Magnificent Seven go public today? Technology disrupters today are choosing to stay private For personal use only Revolutionising space travel and internet services Valued at $350 billion Owner of TikTok, today’s social media phenomenon Over 1 billion daily viewers Valued at $300 billion A
Slide 17: GVF's exposure to private capital
GVF’s exposure to private capital Covering the period 31 July 2014 through to 31 March 2025 100.0% private equity private debt For personal use only 90.0% 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% 18 Please note that past performance is not indicative of future returns.
Slide 18: Want to know more?
For personal use only Want to know more?
Slide 19: Share price returns for investors
Share price returns for investors Three scenarios: 1) Reinvested everything 2) Took half & half 3) Took all the returns For personal use only 8 As of 31st March 2025. Returns sourced from Staude Capital Ltd and Bloomberg LP.
Slide 20: Global Value Fund: Adjusted NTA returns
10 years of positive performance Global Value Fund: Adjusted NTA returns1 For personal use only Financial Year JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN YTD2 FY2025 4.1% -0.9% 1.5% 1.5% 1.7% 2.9% 2.0% 0.0% -1.4% -0.7% 11.2% FY2024 2.0% 1.5% 0.5% -0.4% 1.3% 0.8% 2.5% 0.1% 1.2% 2.3% 1.1% 0.3% 14
Slide 21: Graph of GVF dividend & option price history
Graph of GVF dividend & option price history Declared grossed up dividends and option VWAP1 since IPO2,3,4 at $1 For personal use only Ordinary Dividend Franking Credit Option VWAP at Expiry 5.0 4.5 4.0 3.5 Cents per Share 3.0 2.5 2.0 1.5 1.0 0.5 0.0 1 Data source: The ASX, the Volume Weighted Avera
Slide 22: Disclaimer
Disclaimer Past performance is not a reliable indicator of future results, and there is no guarantee of any return. All investments carry risks, and the value of shares and any income from them may go down as well as up. You may For personal use only not get back all of your original investment. Sha
Slide 23: Contact details
statement? For personal use only miles.staude@globalvaluefund.com.au Mobile (Australia): 0423 428 972 emma.davidson@globalvaluefund.com.au Mobile (Australia): 0401 299 885 Mark.ambrose@globalvaluefund.com.au
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