The CC Jamieson Coote Bonds Global Bond Fund (Class B - Unhedged) has a track record of 3 years and 9 months and therefore comparison over all market conditions and against its peers is limited. However, the fund has outperformed the Bloomberg AusBond Composite 0+ Yr benchmark since inception in March 2019, providing investors with an annualised return of 1.02% compared with the benchmark's return of -0.33% over the same period.
On a calendar year basis, the fund has only experienced a negative annual return once in the 3 years and 9 months since its inception. Over the past 12 months, the fund's largest drawdown was -9.09% vs the index's -10.05%, and since inception in March 2019 the fund's largest drawdown was -23.23% vs the index's maximum drawdown over the same period of -12.97%. The fund's maximum drawdown began in April 2020 and has so far lasted 2 years and 7 months, reaching its lowest point during March 2022.
The Manager has delivered these returns with 6.49% more volatility than the benchmark, contributing to a Sharpe ratio which has fallen below 1 three times over the past three years and which currently sits at 0.09 since inception. The fund has provided positive monthly returns 68% of the time in rising markets and 30% of the time during periods of market decline, contributing to an up-capture ratio since inception of 134% and a down-capture ratio of 107%.
The performance of the CC Jamieson Coote Bonds Global Bond Fund (Class B - Unhedged) ranked it in the second quintile for Total Return, Sharpe and Sortino over 3 years, while over 1 year the fund ranked in the first quintile for Total Return, Sharpe and Sortino.