CC Jamieson Coote Bonds Active Bond Fund (Class A)

Performance Summary as at March 2024

The CC Jamieson Coote Bonds Active Bond Fund (Class A) has a track record of 7 years and 8 months and has underperformed the Bloomberg AusBond Composite 0+ Yr benchmark since inception in August 2016, providing investors with an annualised return of 0.94% compared with the benchmark's return of 1.25% over the same period.

On a calendar year basis, the fund has experienced a negative annual return on 2 occasions in the 7 years and 8 months since its inception. Over the past 12 months, the fund's largest drawdown was -6.22% vs the index's -5.2%, and since inception in August 2016 the fund's largest drawdown was -15.86% vs the index's maximum drawdown over the same period of -13.2%. The fund's maximum drawdown began in November 2020 and has so far lasted 3 years and 4 months, reaching its lowest point during October 2023.

The Manager has delivered these returns with 0.56% 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 -0.08 since inception. The fund has provided positive monthly returns 98% of the time in rising markets and 5% of the time during periods of market decline, contributing to an up-capture ratio since inception of 110% and a down-capture ratio of 111%.