WealthLander Diversified Alternative Fund

Performance Summary as at December 2023

The WealthLander Diversified Alternative Fund has a track record of 2 years and 11 months and therefore comparison over all market conditions and against its peers is limited. However, the fund has underperformed the Barclay Hedge Global Macro benchmark since inception in February 2021, providing investors with an annualised return of 0.39% compared with the benchmark's return of 6.73% over the same period.

On a calendar year basis, the fund has experienced a negative annual return on 2 occasions in the 2 years and 11 months since its inception. Over the past 12 months, the fund's largest drawdown was -11.33% vs the index's -2.29%, and since inception in February 2021 the fund's largest drawdown was -19.53% vs the index's maximum drawdown over the same period of -2.68%. The fund's maximum drawdown began in April 2022 and has so far lasted 1 year and 8 months, reaching its lowest point during November 2023.

The Manager has delivered these returns with 3.64% more volatility than the benchmark, contributing to a Sharpe ratio for performance over the past 12 months of -2.29 and for performance since inception of -0.11. The fund has provided positive monthly returns 70% of the time in rising markets and 40% of the time during periods of market decline, contributing to an up-capture ratio since inception of 49% and a down-capture ratio of 130%.