Airlie Australian Share Fund

Performance Summary as at March 2024

The Airlie Australian Share Fund has a track record of 5 years and 10 months and has outperformed the ASX 200 Total Return benchmark since inception in June 2018, providing investors with an annualised return of 11.6% compared with the benchmark's return of 9% over the same period.

On a calendar year basis, the fund has only experienced a negative annual return once in the 5 years and 10 months since its inception. Over the past 12 months, the fund's largest drawdown was -7.23% vs the index's -7.19%, and since inception in June 2018 the fund's largest drawdown was -23.8% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in February 2020 and lasted 9 months, reaching its lowest point during March 2020. The fund had completely recovered its losses by November 2020.

The Manager has delivered these returns with 0.07% more 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 0.69 since inception. The fund has provided positive monthly returns 98% of the time in rising markets and 12% of the time during periods of market decline, contributing to an up-capture ratio since inception of 111% and a down-capture ratio of 96%.