Index Used: | ASX 200 Total Return | Discretionary/Quantitative: | Combination |
Peer Group: | Equity Long - Large Cap - Australia | FUM (millions): | AU$ 1,840m |
Investment Style: | Blend | Fund Inception Date: | April 2005 |
Geographic Mandate: | Australia/NZ | Latest Return Date: | February 2024 |
Investor Type: | Wholesale & Retail | Status: | Open |
Minimum Investment: | AU$ 25,000 | Investment Frequency: | Daily |
Management Fee: | 0.75% | Performance Fee: | 20% |
Buy Spread: | 0.25% | Sell spread: | 0.25% |
High Water Mark: | No | Hurdle: | Performance of S&P/ASX Small Ordinaries (TR) Index plus the issuer fee of 1.20% p.a. |
Offshore/Onshore: | Onshore | Fund Structure: | MIS |
Share Classes: | AU$ | Trustee/RE: | Pendal Fund Services Limited |
Administrator: | BT TAS | Prime Broker: | N/A |
Custodian: | HSBC | Legal: | Internal |
The Pendal Focus Australian Share Fund has a track record of 18 years and 11 months and has outperformed the ASX 200 Total Return benchmark since inception in April 2005, providing investors with an annualised return of 9.14% compared with the benchmark's return of 7.85% over the same period.
The Manager has delivered these returns with 0.03% 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 0.48 since inception. The fund has provided positive monthly returns 95% of the time in rising markets and 8% of the time during periods of market decline, contributing to an up-capture ratio since inception of 103% and a down-capture ratio of 99%.
The Pendal Focus Australian Share Fund rose by +0.25% in February, a difference of -0.54% compared with the ASX 200 Total Return benchmark which rose by +0.79%. Over the past 12 months, the fund's best monthly return was +6.67% compared with the benchmark's best return of +7.26%, and its worst monthly return was -3.62% vs the benchmark's worst return over the same period of -3.78%.
Year | Jan % | Feb % | Mar % | Apr % | May % | Jun % | Jul % | Aug % | Sep % | Oct % | Nov % | Dec % | YTD % |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 1.29 | 0.25 | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | 1.54 |
2023 | 6.20 | -2.13 | 0.56 | 1.57 | -1.48 | 1.36 | 3.21 | -0.68 | -2.79 | -3.62 | 4.55 | 6.67 | 13.55 |
2022 | -6.01 | 2.66 | 5.41 | -0.46 | -1.50 | -9.60 | 4.19 | 2.00 | -6.00 | 6.25 | 4.89 | -3.53 | -3.17 |
2021 | -0.61 | 3.05 | 3.06 | 3.65 | 2.70 | 0.90 | 0.45 | 1.97 | -1.00 | 0.38 | -1.53 | 2.23 | 16.17 |
2020 | 4.05 | -7.93 | -19.02 | 9.93 | 5.11 | 1.23 | -0.99 | 4.23 | -2.90 | 2.22 | 11.16 | 1.58 | 4.94 |
2019 | 3.33 | 6.99 | 0.76 | 2.25 | 3.14 | 2.51 | 2.85 | -2.25 | 1.53 | 0.21 | 4.96 | -1.65 | 27.14 |
2018 | 0.88 | 1.76 | -3.55 | 4.21 | 0.62 | 2.06 | 1.91 | 0.14 | -0.32 | -7.41 | -2.54 | -1.64 | -4.33 |
2017 | -0.06 | 1.51 | 3.75 | 0.62 | -1.80 | 2.28 | 0.54 | 0.96 | -0.01 | 4.33 | 0.99 | 2.30 | 16.36 |
2016 | -5.11 | -3.62 | 3.93 | 0.77 | 4.82 | -4.22 | 5.74 | -0.57 | -0.04 | -1.28 | 3.92 | 4.16 | 7.98 |
2015 | 2.47 | 7.41 | 0.73 | -1.16 | 0.65 | -5.20 | 6.02 | -8.32 | -2.14 | 4.68 | 0.45 | 3.22 | 7.94 |
2014 | -3.82 | 4.07 | -0.20 | 2.25 | 2.00 | -1.68 | 3.66 | 1.07 | -4.60 | 4.08 | -1.44 | 2.71 | 7.87 |
2013 | 4.53 | 6.05 | -1.72 | 4.74 | -3.40 | -1.90 | 5.46 | 3.46 | 3.50 | 3.26 | -0.20 | 0.97 | 27.09 |
2012 | 4.64 | 1.76 | 0.87 | 0.89 | -7.31 | -1.13 | 3.78 | 3.00 | 1.84 | 1.96 | -0.39 | 3.99 | 14.16 |
2011 | -0.12 | 2.44 | 0.43 | -0.39 | -1.71 | -2.80 | -2.75 | -2.80 | -5.86 | 8.16 | -3.00 | -2.06 | -10.60 |
2010 | -6.93 | 2.08 | 6.35 | -1.05 | -7.46 | -2.57 | 4.38 | -2.32 | 4.04 | 2.00 | -0.85 | 3.58 | 0.17 |
2009 | -3.33 | -3.03 | 7.04 | 6.98 | 1.60 | 3.44 | 7.36 | 6.83 | 6.12 | -1.63 | 1.07 | 4.67 | 42.86 |
2008 | -10.71 | -0.69 | -4.78 | 3.27 | 2.04 | -7.64 | -4.91 | 4.49 | -10.95 | -10.76 | -8.00 | -0.32 | -40.50 |
2007 | 2.58 | 0.56 | 3.20 | 1.97 | 2.55 | -0.34 | -1.73 | 2.13 | 5.67 | 1.74 | -0.49 | -1.82 | 16.97 |
2006 | 4.68 | 0.54 | 5.33 | 4.44 | -3.17 | 0.83 | -1.06 | 4.53 | 2.81 | 5.06 | 1.93 | 3.44 | 33.11 |
2005 | NA | NA | NA | -1.78 | 3.87 | 6.06 | 3.41 | 1.60 | 6.00 | -3.98 | 5.94 | 2.51 | 25.66 |
Only seven years of data shown. Click here to view all data.
Over the past 12 months, the fund has risen by +10.93% compared with the benchmark which has returned +10.64%, for a difference of +0.29%. Since inception in April 2005, the fund has returned +9.14% per annum, a difference of +1.29% relative to the benchmark which has returned +7.85% on an annualised basis over the same period.
On a cumulative basis (assuming reinvestment of distributions), $100 invested since inception would have become $523. The same amount invested in the benchmark over the same period would have become $417.
The fund's returns over the past 12 months have been achieved with a volatility of 9.77% vs the index's 10.7%. The annualised volatility of the fund's returns since inception in April 2005 is 14.09% vs the index's 14.06%. Over all other periods, the fund's returns have been consistently less volatile than the benchmark.
The fund's Sharpe ratio has ranged from a high of 0.71 for performance over the most recent 12 months to a low of 0.39 over the latest 24 months, and is 0.48 for performance since inception. By contrast, the ASX 200 Total Return Index's Sharpe for performance since April 2005 is 0.39.
Since inception in April 2005 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 102.59%. Over all other periods, the fund's up-capture ratio has ranged from a high of 94.8% over the most recent 60 months to a low of 87.28% over the latest 36 months.
Since inception in April 2005 in the months where the market was negative, the fund has provided positive returns 8% of the time, contributing to a down-capture ratio for returns since inception of 98.82%. Over all other periods, the fund's down-capture ratio has ranged from a high of 94.23% over the most recent 60 months to a low of 80.66% over the latest 12 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 1.18 for performance over the most recent 12 months to a low of 0.46 over the latest 24 months, and is 0.57 for performance since inception. By contrast, the ASX 200 Total Return Index's Sortino for performance since April 2005 is 0.44.
Over the past 12 months, the fund's largest drawdown was -6.95% vs the index's -7.19%, and since inception in April 2005 the fund's largest drawdown was -45.51% vs the index's maximum drawdown over the same period of -47.19%.
The performance of the Pendal Focus Australian Share Fund ranked it in the second quintile for all KPIs except Volatility over 7 years, while over 1 & 5 years the fund ranked in the first or second quintile for all KPIs. Over 3 years it ranked in the second quintile for Largest Drawdown.
Over the past 12 months, the fund has risen by +10.93% compared with the peer group which has returned an average of +9.34%, for a difference of +1.59%.
The fund's returns over the past 12 months have been achieved with a volatility of 9.77% vs the peer group's average volatility of 10.17%. The annualised volatility of the fund's returns since inception in April 2005 is 14.09% vs the peer group's 11.54%. Over all other periods, the fund's returns have been more volatile than the peer group.