As at May 2024
L1 Capital Long Short Fund (Daily Class)
Performance Summary as at May 2024
The L1 Capital Long Short Fund (Daily Class) has a track record of 9 years and 9 months and has outperformed the ASX 200 Total Return benchmark since inception in September 2014, providing investors with an annualised return of 19.72% compared with the benchmark's return of 7.61% over the same period.
On a calendar year basis, the fund has only experienced a negative annual return once in the 9 years and 9 months since its inception. Over the past 12 months, the fund's largest drawdown was -6.88% vs the index's -7.19%, and since inception in September 2014 the fund's largest drawdown was -39.44% vs the index's maximum drawdown over the same period of -26.75%. The fund's maximum drawdown began in February 2018 and lasted 2 years and 9 months, reaching its lowest point during March 2020. The fund had completely recovered its losses by November 2020.
The Manager has delivered these returns with 5.55% more volatility than the benchmark, contributing to a Sharpe ratio which has fallen below 1 three times over the past five years and which currently sits at 0.93 since inception. The fund has provided positive monthly returns 81% of the time in rising markets and 60% of the time during periods of market decline, contributing to an up-capture ratio since inception of 84% and a down-capture ratio of 31%.
Cumulative Returns Fund Index
L1 Capital Long Short Fund (Daily Class) - Cumulative Performance vs ASX 200 Total Return
Drawdowns Fund Index
Drawdown%
General Notes
The Daily Class commenced in October 2016.
Quintile Ranking vs. Equity Alternative - Australia as at May 2024
The performance of the L1 Capital Long Short Fund (Daily Class) ranked it in the first quintile for Total Return over all time periods, and in the second quintile for Sharpe and Sortino over 3, 5 & 7 years, while over 1 year the fund ranked in the first quintile for Sharpe and Sortino.