TAMIM Fund: Credit

Performance Summary as at February 2024

The TAMIM Fund: Credit has a track record of 5 years and 5 months and has outperformed the Bloomberg AusBond Composite 0+ Yr benchmark since inception in October 2018, providing investors with an annualised return of 7.28% compared with the benchmark's return of 0.99% over the same period.

On a calendar year basis, the fund hasn't experienced any negative annual returns in the 5 years and 5 months since its inception. Over the past 12 months, the fund hasn't had any negative monthly returns and therefore hasn't experienced a drawdown. Over the same period, the index's largest drawdown was -5.2%. Since inception in October 2018, the fund's largest drawdown was -0.46% vs the index's maximum drawdown over the same period of -13.2%. The fund's maximum drawdown began in October 2019 and lasted only 1 month, with the fund having completely recovered its losses by November 2019. During this period, the index's maximum drawdown was -0.98%.

The Manager has delivered these returns with 4.68% less volatility than the benchmark, contributing to a Sharpe ratio which has consistently remained above 1 over the past five years and which currently sits at 7.54 since inception. The fund has provided positive monthly returns 100% of the time in rising markets and 96% of the time during periods of market decline, contributing to an up-capture ratio since inception of 49% and a down-capture ratio of -52%.