CC Jamieson Coote Bonds Global Bond Fund (Class A - Hedged)

Performance Summary as at May 2024

The CC Jamieson Coote Bonds Global Bond Fund (Class A - Hedged) has a track record of 5 years and 3 months and has underperformed the Bloomberg AusBond Composite 0+ Yr benchmark since inception in March 2019, providing investors with an annualised return of -0.48% compared with the benchmark's return of 0.2% 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 3 months since its inception. Over the past 12 months, the fund's largest drawdown was -3.31% vs the index's -3.35%, and since inception in March 2019 the fund's largest drawdown was -15.73% vs the index's maximum drawdown over the same period of -13.2%. The fund's maximum drawdown began in August 2020 and has so far lasted 3 years and 9 months, reaching its lowest point during October 2023.

The Manager has delivered these returns with 0.66% less 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 -0.4 since inception. The fund has provided positive monthly returns 66% of the time in rising markets and 11% of the time during periods of market decline, contributing to an up-capture ratio since inception of 66% and a down-capture ratio of 82%.