As at May 2024
L1 Long Short Fund Limited (ASX: LSF)
Performance Summary as at May 2024
The L1 Long Short Fund Limited (ASX: LSF) has a track record of 6 years and 2 months and has outperformed the ASX 200 Total Return benchmark since inception in April 2018, providing investors with an annualised return of 12.64% compared with the benchmark's return of 8.99% over the same period.
On a calendar year basis, the fund hasn't experienced any negative annual returns in the 6 years and 2 months since its inception. Over the past 12 months, the fund's largest drawdown was -6.94% vs the index's -7.19%, and since inception in April 2018 the fund's largest drawdown was -39.02% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in May 2018 and lasted 2 years and 6 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 8.38% more volatility than the benchmark, contributing to a Sharpe ratio which has fallen below 1 three times over the past five years and which currently sits at 0.55 since inception. The fund has provided positive monthly returns 71% of the time in rising markets and 50% of the time during periods of market decline, contributing to an up-capture ratio since inception of 83% and a down-capture ratio of 75%.
Cumulative Returns Fund Index
L1 Long Short Fund Limited (ASX: LSF) - Cumulative Performance vs ASX 200 Total Return
Drawdowns Fund Index
Drawdown%
Quintile Ranking vs. Equity Alternative - Australia as at May 2024
The performance of the L1 Long Short Fund Limited (ASX: LSF) ranked it in the first quintile for Total Return over 1, 3 & 5 years, and in the first quintile for Sharpe and Sortino over 5 years, while over 3 years the fund ranked in the first quintile for Sharpe and second quintile for Sortino. Over 1 year, it ranked in the first quintile for Sortino and second quintile for Sharpe.