Firetrail Australian High Conviction Fund

Performance Summary as at March 2024

The Firetrail Australian High Conviction Fund has a track record of 6 years and 1 month and has underperformed the ASX 200 Total Return benchmark since inception in March 2018, providing investors with an annualised return of 5.7% compared with the benchmark's return of 8.8% over the same period.

On a calendar year basis, the fund has only experienced a negative annual return once in the 6 years and 1 month since its inception. Over the past 12 months, the fund's largest drawdown was -9.83% vs the index's -7.19%, and since inception in March 2018 the fund's largest drawdown was -29.57% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in December 2019 and lasted 1 year, reaching its lowest point during March 2020. The fund had completely recovered its losses by December 2020.

The Manager has delivered these returns with 1.46% 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 0.33 since inception. The fund has provided positive monthly returns 87% of the time in rising markets and 8% of the time during periods of market decline, contributing to an up-capture ratio since inception of 81% and a down-capture ratio of 101%.

Cumulative Returns
Fund Index

Firetrail Australian High Conviction Fund - Cumulative Performance vs ASX 200 Total Return

 

Drawdowns
Fund Index

Drawdown%

 
Fund Index

Quintile Ranking vs. Equity Long - Large Cap - Australia as at March 2024

The performance of the Firetrail Australian High Conviction Fund ranked it in the second quintile for Volatility over 3 years.

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Firetrail Australian High Conviction Fund
ASX200 Total Return
Quintile Rankings display Key Performance Indicators (KPI's) against the fund's Peer Group. Each green square ranks the fund in one quintile (or 20%) of its peer group - five green squares indicate the fund is in the best quintile for each KPI. The performance of the peer group's underlying index is shown by a red dot.