|Latest Return Date|
|Latest 6 Months|
|Latest 12 Months|
|Latest 24 Months (pa)|
|Annualised Since Inception|
The Bennelong Concentrated Australian Equities Fund has a track record of 13 years and 11 months and has outperformed the ASX 200 Total Return benchmark since inception in February 2009, providing investors with an annualised return of 13.04% compared with the benchmark's return of 9.66% over the same period.
On a calendar year basis, the fund has experienced a negative annual return on 3 occasions in the 13 years and 11 months since its inception. Over the past 12 months, the fund's largest drawdown was -22.65% vs the index's -11.9%, and since inception in February 2009 the fund's largest drawdown was -32.24% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in December 2021 and has so far lasted 1 year, reaching its lowest point during December 2022. During this period, the index's maximum drawdown was -11.9%.
The Manager has delivered these returns with 1.99% more volatility than the benchmark, contributing to a Sharpe ratio which has fallen below 1 five times over the past five years and which currently sits at 0.72 since inception. The fund has provided positive monthly returns 90% of the time in rising markets and 18% of the time during periods of market decline, contributing to an up-capture ratio since inception of 131% and a down-capture ratio of 97%.