Pendal Global Select Fund - Class R

Performance Summary as at April 2024

The Pendal Global Select Fund - Class R has a track record of 2 years and 9 months and therefore comparison over all market conditions and against its peers is limited. However, the fund has underperformed the All Countries World (AUD) benchmark since inception in August 2021, providing investors with an annualised return of -0.13% compared with the benchmark's return of 8.17% over the same period.

On a calendar year basis, the fund has only experienced a negative annual return once in the 2 years and 9 months since its inception. Over the past 12 months, the fund's largest drawdown was -5.22% vs the index's -6.22%, and since inception in August 2021 the fund's largest drawdown was -28.29% vs the index's maximum drawdown over the same period of -16.02%. The fund's maximum drawdown began in January 2022 and has so far lasted 2 years and 3 months, reaching its lowest point during September 2022.

The Manager has delivered these returns with 3.11% more volatility than the benchmark, contributing to a Sharpe ratio for performance over the past 12 months of 1.04 and for performance since inception of -0.1. The fund has provided positive monthly returns 95% 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 88% and a down-capture ratio of 131%.