The Alphinity Global Sustainable Equity Fund has a track record of 3 years and therefore comparison over all market conditions and against its peers is limited. However, the fund has outperformed the All Countries World (AUD) benchmark since inception in July 2021, providing investors with an annualised return of 10.61% compared with the benchmark's return of 9.25% over the same period.
On a calendar year basis, the fund has only experienced a negative annual return once in the 3 years since its inception. Over the past 12 months, the fund's largest drawdown was -6.39% vs the index's -6.22%, and since inception in July 2021 the fund's largest drawdown was -20.63% vs the index's maximum drawdown over the same period of -16.02%. The fund's maximum drawdown began in January 2022 and lasted 2 years, reaching its lowest point during June 2022. The fund had completely recovered its losses by January 2024.
The Manager has delivered these returns with 3.05% more volatility than the benchmark, contributing to a Sharpe ratio which has only fallen below 1 once over the past three years and which currently sits at 0.62 since inception. The fund has provided positive monthly returns 100% of the time in rising markets and 7% of the time during periods of market decline, contributing to an up-capture ratio since inception of 124% and a down-capture ratio of 118%.
The performance of the Alphinity Global Sustainable Equity Fund ranked it in the second quintile for Total Return, Sharpe and Sortino over 1 year.