Pendal Focus Australian Share Fund

Performance Summary as at May 2024

The Pendal Focus Australian Share Fund has a track record of 19 years and 2 months and has outperformed the ASX 200 Total Return benchmark since inception in April 2005, providing investors with an annualised return of 9.17% compared with the benchmark's return of 7.81% over the same period.

On a calendar year basis, the fund has experienced a negative annual return on 4 occasions in the 19 years and 2 months since its inception. Over the past 12 months, the fund's largest drawdown was -6.95% vs the index's -7.19%, and since inception in April 2005 the fund's largest drawdown was -45.51% vs the index's maximum drawdown over the same period of -47.19%. The fund's maximum drawdown began in November 2007 and lasted 5 years and 9 months, reaching its lowest point during February 2009. The fund had completely recovered its losses by August 2013.

The Manager has delivered these returns with 0.03% 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 0.48 since inception. The fund has provided positive monthly returns 95% of the time in rising markets and 8% of the time during periods of market decline, contributing to an up-capture ratio since inception of 103% and a down-capture ratio of 99%.