|Latest Return Date|
|Latest 6 Months|
|Latest 12 Months|
|Latest 24 Months (pa)|
|Annualised Since Inception|
The main driver of identifying potential investments will be bottom up company analysis, however macro-economic conditions will be considered as part of the investment thesis for each stock.
The Glenmore Australian Equities Fund has a track record of 5 years and has outperformed the ASX 200 Total Return Index since inception in June 2017, providing investors with an annualised return of 23.88% compared with the index's return of 8.84% over the same period.
On a calendar year basis, the fund hasn't experienced any negative annual returns in the 5 years since its inception. Over the past 12 months, the fund's largest drawdown was -8.65% vs the index's -6.35%, and since inception in June 2017 the fund's largest drawdown was -36.91% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in October 2019 and lasted 1 year and 1 month, reaching its lowest point during March 2020. The fund had completely recovered its losses by November 2020.
The Manager has delivered these returns with 7.21% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 two times over the past five years and which currently sits at 1.07 since inception. The fund has provided positive monthly returns 90% of the time in rising markets and 40% of the time during periods of market decline, contributing to an up-capture ratio since inception of 232% and a down-capture ratio of 98%.