The Airlie Australian Share Fund has a track record of 6 years and has outperformed the ASX 200 Total Return benchmark since inception in June 2018, providing investors with an annualised return of 10.46% compared with the benchmark's return of 8.36% over the same period.
On a calendar year basis, the fund has only experienced a negative annual return once in the 6 years since its inception. Over the past 12 months, the fund's largest drawdown was -7.23% vs the index's -7.19%, and since inception in June 2018 the fund's largest drawdown was -23.8% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in February 2020 and lasted 9 months, reaching its lowest point during March 2020. The fund had completely recovered its losses by November 2020.
The Manager has delivered these returns with 0.14% 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 0.62 since inception. The fund has provided positive monthly returns 96% of the time in rising markets and 12% of the time during periods of market decline, contributing to an up-capture ratio since inception of 110% and a down-capture ratio of 97%.
The performance of the Airlie Australian Share Fund ranked it in the first quintile for Total Return over 1, 3 & 5 years, and in the first or second quintile for all other KPIs except Volatility over 5 years, while over 3 years the fund ranked in the second quintile for Sharpe and Sortino. Over 1 year, it ranked in the second quintile for Sharpe, Sortino and Largest Drawdown.