The Yarra Emerging Leaders Fund has a track record of 24 years and 8 months and has outperformed the ASX 200 Total Return Index since inception in October 1997, providing investors with an annualised return of 9.99% compared with the index's return of 8.41% over the same period.
On a calendar year basis, the fund has experienced a negative annual return on 5 occasions in the 24 years and 8 months since its inception. Over the past 12 months, the fund's largest drawdown was -9.46% vs the index's -6.35%, and since inception in October 1997 the fund's largest drawdown was -51.6% vs the index's maximum drawdown over the same period of -47.19%. The fund's maximum drawdown began in November 2007 and lasted 6 years and 5 months, reaching its lowest point during November 2008. The fund had completely recovered its losses by April 2014.
The Manager has delivered these returns with 2.97% more volatility than the index, contributing to a Sharpe ratio which has fallen below 1 four times over the past five years and which currently sits at 0.45 since inception. The fund has provided positive monthly returns 87% of the time in rising markets and 25% of the time during periods of market decline, contributing to an up-capture ratio since inception of 112% and a down-capture ratio of 99%.
The performance of the Yarra Emerging Leaders Fund ranked it in the second quintile for all KPIs except Volatility over 1 year.