The Yarra Australian Equities Fund has a track record of 28 years and 6 months and has outperformed the ASX 200 Total Return benchmark since inception in August 1996, providing investors with an annualised return of 9.58% compared with the benchmark's return of 9.27% over the same period.
On a calendar year basis, the fund has experienced a negative annual return on 5 occasions in the 28 years and 6 months since its inception. Over the past 12 months, the fund's largest drawdown was -3.57% vs the index's -3.15%, 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 fund's maximum drawdown began in November 2007 and lasted 5 years and 2 months, reaching its lowest point during February 2009. The fund had completely recovered its losses by January 2013.
The Manager has delivered these returns with 0.59% 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 0.47 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 performance of the Yarra Australian Equities Fund ranked it in the second quintile for Sharpe and Sortino over 3 years, while over 1 year the fund ranked in the second quintile for Largest Drawdown.