Bentley Capital : CBG Fund Details November 2015

Australian Stock Exchange Limited

Monday, 14 December 2015

MARKET ANNOUNCEMENT CBG Fund Details as at 30 November 2015

As at 30 November 2015, Bentley had ~$5.61 million (30.30% of its net assets) invested in the CBG Australian Equities Fund (Wholesale) (CBG Fund) (31 October 2015: ~$5.42 million (29.14%)).

About the CBG Fund

The monthly performance of the CBG Fund for November 2015 was 3.4% (31 October 2015:

+5.0%) compared with its benchmark performance (S&P/ASX 200 Accumulation Index) of

-0.7% (31 October 2015: +4.4%).

The CBG Fund is a wholesale fund not open to retail investors. The objective of the fund is to outperform the S&P/ASX 200 Accumulation Index over the medium term. The Investment Manager is 'style neutral' and invests in growth stocks, value stocks, stocks with maintainable dividend yields and special situations.

CBG Fund details as at 30 November 2015:

• The equity weighting was 98.91% (31 October 2015: 96.18%);

• 82.51% of the equity portfolio is invested in companies contained within the S&P/ASX 200 Index (31 October 2015: 85.41%) with the balance of 17.49% invested in companies outside of the S&P/ASX 200 Index (31 October 2015: 14.59%); and

• The equity portfolio contained 48 holdings (31 October 2015: 45 holdings).

  
  

  CBG Australian Equities Fund - Performance

  
  

  Returns To:	1mth	3mths	6mths	1yr	2yrs	3yrs	Since Inception
  30 November 2015	(%)	(%)	(%)	(%)	(% p.a.)	(% p.a.)	(% p.a.)
  CBG Fund	3.4%	8.2%	0.0%	10.2%	9.2%	15.7%	10.1%
  ASX / S&P 200 Accumulation Index	-0.7%	0.6%	-8.3%	1.9%	3.1%	9.4%	7.8%

  
  

  www.bel.com.au

  
  

  BENTLEY CAPITAL LIMITED A.B.N. 87 008 108 218

  
  

  Level 2, 23 Ventnor Avenue, West Perth, Western Australia 6005

  ASX Code: BEL T | [phone] F | [phone] E | [e-mail]

  20151214 BEL ASX CBG Fund Details as at 30 November 2015

  
  

  
  

  CBG Australian Equities Fund Top 20 Holdings and Sector Weights

  
  

  Top 20 Holdings		Fund Weight		Sector weights	Fund Weight
  ASX Code	Asset Name	30 Nov	31 Oct	Sector	30 Nov	31 Oct
  CBA	COMMONWEALTH BANK OF AUSTRALIA	9.4%	9.3%	Financials (ex-Real Estate)	50.0%	49.7%
  ANZ	ANZ BANKING GROUP LIMITED	7.6%	7.8%	Industrials	23.0%	21.1%
  WBC	WESTPAC BANKING CORPORATION	7.6%	7.5%	Consumer Discretionary	6.6%	8.0%
  TCL	TRANSURBAN GROUP	5.4%	5.3%	Information Technology	4.6%	4.0%
  HGG	HENDERSON GROUP	5.0%	5.0%	Utilities	4.0%	4.0%
  BTT	BT INVESTMENT MANAGEMENT LTD	4.4%	4.9%	Real Estate	3.5%	3.6%
  MQA	MACQUARIE ATLAS ROADS GROUP	4.4%	4.3%	Health Care	3.1%	2.9%
  NAB	NATIONAL AUSTRALIA BANK LIMITED	4.0%	4.1%	Consumer Staples	2.9%	1.7%
  MFG	MAGELLAN FINANCIAL GROUP	3.9%	3.4%	Energy	1.2%	1.2%
  SYD	SYDNEY AIRPORT	3.1%	3.1%	Cash/Hybrids/Fixed Interest	1.1%	3.8%
  AIA	AUCKLAND INTERNATIONAL AIRPORT LTD	3.0%	3.1%	Materials	0.0%	0.0%
  DUE	DUET GROUP	2.9%	2.9%
  LLC	LENDLEASE GROUP	2.6%	2.7%
  SUN	SUNCORP GROUP LIMITED	2.5%	2.4%
  BAL	BELLAMYS AUSTRALIA LIMITED	2.4%	1.6%
  IFL	IOOF HOLDINGS LIMITED	2.3%	2.3%
  AHG	AUTOMOTIVE HOLDINGS GROUP	2.2%	2.2%
  IPH	IPH LIMITED	2.2%	1.7%
  OFX	OZFOREX GROUP LIMITED	1.8%	1.5%
  SRX	SIRTEX MEDICAL LIMITED	1.8%	1.7%

  
  

  Notes:

  
  

• The 'About the CBG Fund' section is based on information provided by CBG Asset Management Limited.

  
  

• Units invested in the CBG Australian Equities Fund (Wholesale) are valued at the audited unit price published by the investment manager, CBG Asset Management Limited, as at month end - the unit price reflects the net asset backing of the fund; there is no buy/sell spread price; there is no recognition of realisation costs as there are no exit fees charged on redemption of units.

FOR FURTHER INFORMATION:

Farooq Khan Chairman	Victor Ho Company Secretary
T | [phone]	T | [phone]
E | [e-mail]	E | [e-mail]

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