Index Used: | ASX 200 Total Return | Discretionary/Quantitative: | Discretionary |
Peer Group: | Equity Long - Large Cap - Australia | FUM (millions): | AU$ 124.9m |
Investment Style: | Blend | Fund Inception Date: | July 1996 |
Geographic Mandate: | Australia | Latest Return Date: | October 2024 |
Investor Type: | Wholesale & Retail | Status: | Open |
Minimum Investment: | AU$ 50,000 | Investment Frequency: | Daily |
Management Fee: | 0.95% | Performance Fee: | 0% |
Buy Spread: | 0.15% | Sell spread: | 0.15% |
High Water Mark: | Hurdle: | N/A |
Offshore/Onshore: | Onshore | Fund Structure: | Unit Trust |
Share Classes: | AU$ | Trustee/RE: | Yarra Funds Management Limited |
Administrator: | Yarra Funds Management | Prime Broker: | N/A |
Custodian: | RBC Investor Services | Legal: | Internal |
The Yarra Australian Equities Fund has a track record of 28 years and 3 months and has outperformed the ASX 200 Total Return benchmark since inception in August 1996, providing investors with an annualised return of 9.48% compared with the benchmark's return of 9.16% over the same period.
The Manager has delivered these returns with 0.58% more volatility than the benchmark, contributing to a Sharpe ratio which has fallen below 1 four times over the past five years and which currently sits at 0.46 since inception. The fund has provided positive monthly returns 95% of the time in rising markets and 9% of the time during periods of market decline, contributing to an up-capture ratio since inception of 104% and a down-capture ratio of 100%.
The Yarra Australian Equities Fund returned -2.39% in October, a difference of -1.08% compared with the ASX 200 Total Return benchmark which fell by -1.31%. Over the past 12 months, the fund's best monthly return was +6.72% compared with the benchmark's best return of +7.26%, and its worst monthly return was -2.89% vs the benchmark's worst return over the same period of -2.94%.
Year | Jan % | Feb % | Mar % | Apr % | May % | Jun % | Jul % | Aug % | Sep % | Oct % | Nov % | Dec % | YTD % |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.30 | 1.49 | 3.88 | -2.89 | -0.50 | -0.21 | 2.70 | 1.18 | 3.72 | -2.39 | NA | NA | 7.28 |
2023 | 5.76 | -1.44 | 2.24 | 2.45 | -1.57 | 1.45 | 2.92 | -2.58 | -3.27 | -4.13 | 3.82 | 6.72 | 12.30 |
2022 | -4.44 | 1.84 | 5.47 | -1.58 | -2.63 | -8.46 | 5.37 | 2.34 | -6.85 | 7.09 | 6.54 | -2.91 | 0.20 |
2021 | 0.17 | 2.68 | 3.93 | 2.58 | 2.40 | 2.58 | 0.48 | 2.06 | -0.71 | -0.35 | -1.25 | 2.61 | 18.43 |
2020 | 3.43 | -7.79 | -27.10 | 12.01 | 4.13 | 3.45 | -0.45 | 4.06 | -3.20 | 1.88 | 10.86 | 0.30 | -4.69 |
2019 | 3.50 | 6.71 | -1.25 | 2.28 | 1.64 | 3.02 | 3.29 | -1.58 | 2.95 | 0.05 | 1.69 | -0.86 | 23.30 |
2018 | -0.56 | -0.97 | -3.51 | 4.50 | 0.13 | 2.55 | 1.29 | 2.53 | -1.03 | -7.46 | -3.12 | -2.77 | -8.66 |
2017 | -0.95 | 2.22 | 3.92 | 1.53 | -2.95 | 0.55 | -0.10 | -0.55 | -0.07 | 5.27 | 2.00 | 2.41 | 13.81 |
2016 | -5.55 | -3.48 | 4.83 | 2.29 | 4.86 | -4.30 | 6.11 | 0.15 | -0.56 | -4.21 | 3.39 | 4.01 | 6.78 |
2015 | 3.64 | 7.68 | 0.55 | -2.47 | 0.76 | -5.45 | 4.33 | -10.16 | -2.77 | 6.43 | 1.33 | 3.31 | 5.87 |
2014 | -3.60 | 6.04 | 0.92 | 2.29 | 0.21 | -1.50 | 3.42 | 0.81 | -6.26 | 4.20 | -3.79 | 1.24 | 3.33 |
2013 | 5.97 | 5.66 | -0.95 | 3.75 | -3.88 | -2.15 | 3.41 | 2.98 | 3.24 | 3.99 | -1.23 | 1.49 | 24.04 |
2012 | 4.89 | 2.77 | 1.78 | 1.15 | -6.80 | -0.92 | 3.53 | 4.32 | 0.86 | 2.71 | 1.23 | 2.67 | 19.16 |
2011 | 1.26 | 2.32 | 0.59 | -1.02 | -3.08 | -1.30 | -4.54 | -2.90 | -4.72 | 7.51 | -2.88 | -1.67 | -10.52 |
2010 | -6.39 | 2.75 | 6.57 | -3.09 | -7.64 | -3.17 | 6.41 | -1.98 | 4.29 | 1.19 | -1.13 | 3.84 | 0.41 |
2009 | -2.37 | -2.40 | 6.67 | 4.87 | 0.55 | 3.19 | 7.69 | 5.76 | 6.06 | -0.32 | 1.04 | 4.51 | 40.59 |
2008 | -9.59 | -0.75 | -4.77 | 7.86 | 1.61 | -7.16 | -4.38 | 5.01 | -10.74 | -7.42 | -5.39 | -0.26 | -31.92 |
2007 | 1.65 | 1.44 | 3.79 | 2.36 | 1.96 | 0.07 | -1.94 | 2.35 | 5.64 | 2.67 | -1.58 | -1.86 | 17.52 |
2006 | 3.50 | 0.64 | 5.47 | 2.15 | -4.37 | 1.94 | -2.83 | 3.05 | 0.09 | 5.10 | 2.18 | 2.71 | 20.92 |
2005 | 3.43 | 2.51 | -0.73 | -2.95 | 4.54 | 4.34 | 2.38 | 2.06 | 4.74 | -4.49 | 3.74 | 2.50 | 23.82 |
2004 | -0.23 | 2.45 | 1.57 | -0.15 | 2.21 | 2.75 | 0.02 | 1.13 | 4.14 | 3.49 | 4.72 | 3.04 | 28.06 |
2003 | -1.88 | -5.02 | 3.50 | 4.47 | 0.30 | 1.78 | 3.14 | 2.73 | -0.22 | 3.00 | -2.03 | 3.63 | 13.74 |
2002 | 1.32 | -1.34 | 0.95 | -1.66 | 0.23 | -4.25 | -4.02 | 1.38 | -4.73 | 1.92 | 0.82 | -1.94 | -11.03 |
2001 | 4.85 | 0.01 | -4.92 | 4.86 | 2.79 | 4.77 | -4.82 | -1.44 | -5.99 | 5.79 | 2.67 | 2.12 | 10.13 |
2000 | -1.81 | 1.86 | -0.67 | 1.50 | 0.01 | 8.28 | -1.74 | 1.97 | 1.54 | 0.12 | 2.36 | -1.32 | 12.35 |
1999 | 4.90 | 1.24 | 4.06 | 3.07 | -6.19 | 2.82 | 1.74 | -0.65 | -1.34 | 0.71 | 6.25 | 3.14 | 20.93 |
1998 | 1.59 | 0.90 | 2.01 | 0.58 | -1.85 | -1.14 | 1.37 | -7.27 | 4.81 | 2.17 | 5.98 | 1.56 | 10.56 |
1997 | -0.57 | 1.25 | -0.41 | 2.65 | 5.57 | 4.96 | 0.67 | -4.58 | 7.57 | -10.57 | 1.24 | 7.18 | 14.33 |
1996 | NA | NA | NA | NA | NA | NA | NA | 5.50 | 2.54 | 1.92 | 2.45 | 2.21 | 15.45 |
Only seven years of data shown. Click here to view all data.
Over the past 12 months, the fund has risen by +18.85% compared with the benchmark which has returned +24.89%, for a difference of -6.04%. Since inception in August 1996, the fund has returned +9.48% per annum, a difference of +0.32% relative to the benchmark which has returned +9.16% on an annualised basis over the same period.
On a cumulative basis (assuming reinvestment of distributions), $100 invested since inception would have become $1291. The same amount invested in the benchmark over the same period would have become $1190.
The fund's returns over the past 12 months have been achieved with a volatility of 9.35% vs the index's 9.27%. The annualised volatility of the fund's returns since inception in August 1996 is 13.75% vs the index's 13.17%. Over all other periods, the fund's volatility relative to the benchmark has been varied.
The fund's Sharpe ratio has ranged from a high of 1.45 for performance over the most recent 12 months to a low of 0.35 over the latest 60 months, and is 0.46 for performance since inception. By contrast, the ASX 200 Total Return Index's Sharpe for performance since August 1996 is 0.45.
Since inception in August 1996 in the months where the market was positive, the fund has provided positive returns 95% of the time, contributing to an up-capture ratio for returns since inception of 104.21%. Over all other periods, the fund's up-capture ratio has ranged from a high of 96.2% over the most recent 60 months to a low of 83.57% over the latest 12 months.
Since inception in August 1996 in the months where the market was negative, the fund has provided positive returns 9% of the time, contributing to a down-capture ratio for returns since inception of 99.92%. Over all other periods, the fund's down-capture ratio has ranged from a high of 123.88% over the most recent 12 months to a low of 95.82% over the latest 24 months. A down-capture ratio less than 100% indicates that, on average, the fund has outperformed in the market's negative months.
The fund's Sortino ratio (which excludes volatility in positive months) has ranged from a high of 3.01 for performance over the most recent 12 months to a low of 0.31 over the latest 60 months, and is 0.54 for performance since inception. By contrast, the ASX 200 Total Return Index's Sortino for performance since August 1996 is 0.54.
Over the past 12 months, the fund's largest drawdown was -3.57% vs the index's -2.94%, and since inception in August 1996 the fund's largest drawdown was -37.35% vs the index's maximum drawdown over the same period of -47.19%.
The performance of the Yarra Australian Equities Fund ranked it in the second quintile for Sharpe over 3 years, while over 1 year the fund ranked in the second quintile for Volatility.
Over the past 12 months, the fund has risen by +18.85% compared with the peer group which has returned an average of +18.58%, for a difference of +0.27%.
The fund's returns over the past 12 months have been achieved with a volatility of 9.35% vs the peer group's average volatility of 11.29%. The annualised volatility of the fund's returns since inception in August 1996 is 13.75% vs the peer group's 14.07%. Over all other periods, the fund's volatility relative to the peer group has been varied.