Nikko AM ARK Global Disruptive Innovation Fund

Performance Summary as at March 2024

The Nikko AM ARK Global Disruptive Innovation Fund has a track record of 5 years and 8 months and has underperformed the All Countries World (AUD) benchmark since inception in August 2018, providing investors with an annualised return of 2.05% compared with the benchmark's return of 11.93% over the same period.

On a calendar year basis, the fund has experienced a negative annual return on 2 occasions in the 5 years and 8 months since its inception. Over the past 12 months, the fund's largest drawdown was -25.64% vs the index's -6.22%, and since inception in August 2018 the fund's largest drawdown was -73.55% vs the index's maximum drawdown over the same period of -16.02%. The fund's maximum drawdown began in February 2021 and has so far lasted 3 years and 1 month, reaching its lowest point during December 2022.

The Manager has delivered these returns with 23.95% 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 0.19 since inception. The fund has provided positive monthly returns 71% of the time in rising markets and 19% of the time during periods of market decline, contributing to an up-capture ratio since inception of 218% and a down-capture ratio of 169%.