Alphinity Australian Share Fund

Performance Summary as at June 2024

The Alphinity Australian Share Fund has a track record of 29 years and 8 months and has outperformed the ASX 200 Total Return benchmark since inception in November 1994, providing investors with an annualised return of 10.06% compared with the benchmark's return of 8.93% over the same period.

On a calendar year basis, the fund has experienced a negative annual return on 6 occasions in the 29 years and 8 months since its inception. Over the past 12 months, the fund's largest drawdown was -6.48% vs the index's -7.19%, and since inception in November 1994 the fund's largest drawdown was -51.33% 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 11 months, reaching its lowest point during February 2009. The fund had completely recovered its losses by October 2013.

The Manager has delivered these returns with 0.02% 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 0.5 since inception. The fund has provided positive monthly returns 97% of the time in rising markets and 15% of the time during periods of market decline, contributing to an up-capture ratio since inception of 97% and a down-capture ratio of 99%.