Metrics Credit Partners Direct Income Fund

Performance Summary as at March 2024

The Metrics Credit Partners Direct Income Fund 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 July 2020, providing investors with an annualised return of 7.47% compared with the benchmark's return of -1.66% over the same period.

On a calendar year basis, the fund hasn't experienced any negative annual returns in the 3 years and 9 months since its inception. Since inception in July 2020, the fund hasn't had any negative monthly returns and therefore hasn't experienced a drawdown. Over the same period, the index's largest drawdown was -13.2%.

The Manager has delivered these returns with 4.91% less volatility than the benchmark, contributing to a Sharpe ratio which has consistently remained above 1 over the past three years and which currently sits at 5.63 since inception. The fund has provided positive monthly returns 100% of the time in rising markets and 100% of the time during periods of market decline, contributing to an up-capture ratio since inception of 51% and a down-capture ratio of -44%.