Yarra Enhanced Income Fund

Performance Summary as at June 2024

The Yarra Enhanced Income Fund has a track record of 21 years and has outperformed the Bloomberg AusBond Composite 0+ Yr benchmark since inception in July 2003, providing investors with an annualised return of 5.4% compared with the benchmark's return of 4.21% over the same period.

On a calendar year basis, the fund has only experienced a negative annual return once in the 21 years since its inception. Over the past 12 months, the fund hasn't had any negative monthly returns and therefore hasn't experienced a drawdown. Over the same period, the index's largest drawdown was -3.35%. Since inception in July 2003, the fund's largest drawdown was -30.43% vs the index's maximum drawdown over the same period of -13.2%. The fund's maximum drawdown began in November 2007 and lasted 2 years and 2 months, reaching its lowest point during March 2009. The fund had completely recovered its losses by January 2010. During this period, the index's maximum drawdown was -2.43%.

The Manager has delivered these returns with 1.77% more volatility than the benchmark, contributing to a Sharpe ratio which has only fallen below 1 once over the past five years and which currently sits at 0.4 since inception. The fund has provided positive monthly returns 79% of the time in rising markets and 73% of the time during periods of market decline, contributing to an up-capture ratio since inception of 41% and a down-capture ratio of -53%.