The Nikko AM ARK Global Disruptive Innovation Fund has a track record of 5 years and 10 months and has underperformed the All Countries World (AUD) benchmark since inception in August 2018, providing investors with an annualised return of -0.54% compared with the benchmark's return of 11.34% 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 10 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 3 months, reaching its lowest point during December 2022.
The Manager has delivered these returns with 23.86% 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 0.12 since inception. The fund has provided positive monthly returns 70% 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 206% and a down-capture ratio of 168%.
The Nikko AM ARK Global Disruptive Innovation Fund is not ranked in the first or second quintile for any KPI.