CC Jamieson Coote Bonds Dynamic Alpha Fund

Performance Summary as at May 2024

The CC Jamieson Coote Bonds Dynamic Alpha Fund has a track record of 4 years and 5 months and therefore comparison over all market conditions and against its peers is limited. However, the fund has outperformed the Bloomberg AusBond Composite 0+ Yr benchmark since inception in January 2020, providing investors with an annualised return of 2.85% compared with the benchmark's return of -0.99% over the same period.

On a calendar year basis, the fund hasn't experienced any negative annual returns in the 4 years and 5 months since its inception. Over the past 12 months, the fund's largest drawdown was -0.22% vs the index's -3.35%, and since inception in January 2020 the fund's largest drawdown was -1.58% vs the index's maximum drawdown over the same period of -13.2%. The fund's maximum drawdown began in October 2021 and lasted 1 year and 1 month, reaching its lowest point during April 2022. The fund had completely recovered its losses by November 2022. During this period, the index's maximum drawdown was -12.97%.

The Manager has delivered these returns with 4.62% less volatility than the benchmark, contributing to a Sharpe ratio which has fallen below 1 four times over the past four years and which currently sits at 1.06 since inception. The fund has provided positive monthly returns 96% of the time in rising markets and 72% of the time during periods of market decline, contributing to an up-capture ratio since inception of 29% and a down-capture ratio of -6%.