The Ardea Real Outcome Fund has a track record of 9 years and 11 months and has outperformed the Bloomberg AusBond Composite 0+ Yr Index since inception in July 2012, providing investors with an annualised return of 3.64% compared with the index's return of 2.76% over the same period.
On a calendar year basis, the fund has only experienced a negative annual return once in the 9 years and 11 months since its inception. Over the past 12 months, the fund's largest drawdown was -2.16% vs the index's -10.81%, and since inception in July 2012 the fund's largest drawdown was -4.26% vs the index's maximum drawdown over the same period of -11.09%. The fund's maximum drawdown began in May 2015 and lasted 1 year and 6 months, reaching its lowest point during February 2016. The fund had completely recovered its losses by November 2016. During this period, the index's maximum drawdown was -2.92%.
The Manager has delivered these returns with 1.56% less volatility than the index, contributing to a Sharpe ratio which has fallen below 1 two times over the past five years and which currently sits at 1.06 since inception. The fund has provided positive monthly returns 80% of the time in rising markets and 68% of the time during periods of market decline, contributing to an up-capture ratio since inception of 42% and a down-capture ratio of -21%.
The performance of the Ardea Real Outcome Fund ranked it in the first or second quintile for all KPIs over all time periods.