The Yarra Income Plus Fund has a track record of 26 years and 4 months and has outperformed the Bloomberg AusBond Composite 0+ Yr benchmark since inception in June 1998, providing investors with an annualised return of 5.45% compared with the benchmark's return of 4.69% over the same period.
On a calendar year basis, the fund has experienced a negative annual return on 2 occasions in the 26 years and 4 months since its inception. Over the past 12 months, the fund's largest drawdown was -1.01% vs the index's -1.98%, and since inception in June 1998 the fund's largest drawdown was -7.84% vs the index's maximum drawdown over the same period of -13.2%. The fund's maximum drawdown began in February 2020 and lasted 1 year and 4 months, reaching its lowest point during March 2020. The fund had completely recovered its losses by June 2021. During this period, the index's maximum drawdown was -4.35%.
The Manager has delivered these returns with 0.25% less volatility than the benchmark, contributing to a Sharpe ratio which has fallen below 1 three times over the past five years and which currently sits at 0.53 since inception. The fund has provided positive monthly returns 82% of the time in rising markets and 54% of the time during periods of market decline, contributing to an up-capture ratio since inception of 50% and a down-capture ratio of -1%.
The performance of the Yarra Income Plus Fund ranked it in the first quintile for Total Return over all time periods, and in the second quintile for Sharpe, Sortino and Largest Drawdown over 5 & 7 years. Over 3 years the fund ranked in the second quintile for all other KPIs except Volatility, while it ranked in the first quintile for Sortino and second quintile for Sharpe and Largest Drawdown over 1 year.