Ellerston Global Mid Small Cap Fund (Class A)

Performance Summary as at May 2024

The Ellerston Global Mid Small Cap Fund (Class A) has a track record of 7 years and 2 months and has underperformed the All Countries World (AUD) benchmark since inception in April 2017, providing investors with an annualised return of 10.04% compared with the benchmark's return of 12.23% over the same period.

On a calendar year basis, the fund has experienced a negative annual return on 2 occasions in the 7 years and 2 months since its inception. Over the past 12 months, the fund's largest drawdown was -14.07% vs the index's -6.22%, and since inception in April 2017 the fund's largest drawdown was -27.87% vs the index's maximum drawdown over the same period of -16.02%. The fund's maximum drawdown began in January 2022 and has so far lasted 2 years and 4 months, reaching its lowest point during September 2022.

The Manager has delivered these returns with 4% more 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 0.61 since inception. The fund has provided positive monthly returns 91% of the time in rising markets and 27% of the time during periods of market decline, contributing to an up-capture ratio since inception of 115% and a down-capture ratio of 118%.