Tyndall Australian Share Wholesale Fund

Performance Summary as at March 2024

The Tyndall Australian Share Wholesale Fund has a track record of 29 years and 1 month and has outperformed the ASX 200 Total Return benchmark since inception in March 1995, providing investors with an annualised return of 9.52% compared with the benchmark's return of 9.35% over the same period.

On a calendar year basis, the fund has experienced a negative annual return on 6 occasions in the 29 years and 1 month since its inception. Over the past 12 months, the fund's largest drawdown was -8.71% vs the index's -7.19%, and since inception in March 1995 the fund's largest drawdown was -46.12% vs the index's maximum drawdown over the same period of -47.19%. The fund's maximum drawdown began in November 2007 and lasted 5 years and 3 months, reaching its lowest point during February 2009. The fund had completely recovered its losses by February 2013.

The Manager has delivered these returns with 1.18% more volatility than the benchmark, contributing to a Sharpe ratio which has fallen below 1 four times over the past five years and which currently sits at 0.44 since inception. The fund has provided positive monthly returns 91% 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 87% and a down-capture ratio of 100%.