The Bell Global Emerging Companies Fund has a track record of 7 years and 8 months and has underperformed the All Countries World (AUD) benchmark since inception in July 2016, providing investors with an annualised return of 11.02% compared with the benchmark's return of 12.7% over the same period.
On a calendar year basis, the fund has only experienced a negative annual return once in the 7 years and 8 months since its inception. Over the past 12 months, the fund's largest drawdown was -9.23% vs the index's -6.22%, and since inception in July 2016 the fund's largest drawdown was -21.9% vs the index's maximum drawdown over the same period of -16.02%. The fund's maximum drawdown began in January 2022 and has so far lasted 2 years and 1 month, reaching its lowest point during September 2022.
The Manager has delivered these returns with 1.81% 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 0.78 since inception. The fund has provided positive monthly returns 89% of the time in rising markets and 14% of the time during periods of market decline, contributing to an up-capture ratio since inception of 101% and a down-capture ratio of 109%.
The performance of the Bell Global Emerging Companies Fund ranked it in the first quintile for all KPIs over 7 years, while over 5 years the fund ranked in the first or second quintile for all KPIs except Total Return. Over 3 years, the fund ranked in the first or second quintile for all KPIs except Volatility, and over 1 year it ranked in the second quintile for Sortino and Largest Drawdown.