Yarra Income Plus Fund

Performance Summary as at June 2024

The Yarra Income Plus Fund has a track record of 26 years and 1 month and has outperformed the Bloomberg AusBond Composite 0+ Yr benchmark since inception in June 1998, providing investors with an annualised return of 5.38% compared with the benchmark's return of 4.62% 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 1 month since its inception. Over the past 12 months, the fund's largest drawdown was -1.88% vs the index's -3.35%, 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 five times over the past five years and which currently sits at 0.51 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 49% and a down-capture ratio of -1%.