How has the Fund performed since inception?
Monash Investors is the Investment Manager of the Monash Absolute Investment Fund (MAIF) and since its inception on 2 July 2012, the Fund has achieved the Managers target rate of return after all fees, with volatility lower than investing in the equity market, as well as not losing capital over the medium term.
To April 2023
(after fees)| Since Fund inception 2 July 2012 | 1 Month | 3 Months | Financial Year | 1 Year | 3 Years | 5 Years | 7 Years | |
|---|---|---|---|---|---|---|---|---|
| Net After Fees Return (p.a.) | Return | Return | Return | Return | Return (p.a.) | Return (p.a.) | Return (p.a.) | |
| Monash Absolute Investment Fund | 10.2% | 7.0% | 1.3% | 10.0% | 3.2% | 15.4% | 11.6% | 7.6% |
| S&P/ASX100 (Total Return) | 10.3% | 1.7% | -0.9% | 15.8% | 3.7% | 14.6% | 8.8% | 9.5% |
| S&P/ASX300 (Total Return) | 9.9% | 1.8% | -1.0% | 15.4% | 2.1% | 14.0% | 8.2% | 9.1% |
| S&P/Small Ordinaries (Total Return) | 6.0% | 2.8% | -1.7% | 12.1% | -9.4% | 9.2% | 3.9% | 6.7% |
Performance figures contained on this Website are not necessarily indicative of future returns and should be used as a general guide only. Returns on investments necessarily are volatile and subject to change and likely to vary from year to year. These returns are likely to vary from year to year. Returns have been calculated using exit prices after taking into account all ongoing fees, and assuming reinvestment of distributions. No allowance has been made for taxation. Future returns may bear no relationship to the historical information displayed. Returns in a Fund can be particularly volatile in the short term and in some periods may be negative. Neither Perpetual nor Monash Investors makes any guarantee or representation in regards to the performance of any of the funds, nor the specific rate of return to investors or the return of capital.
It’s not just about return but about how the Fund has delivered that return.
As this table highlights, the Fund has achieved strong risk adjusted returns by taking less risk than investing in a market based ETF.
Since inception, the Fund has a lower net exposure to the market, resulting in a lower beta. This lower risk approach has not detracted from its overall performance, highlighting the benefits of an absolute return approach.
| Sharpe Ratio | 0.53 |
| Sortino Ratio | 0.93 |
| Standard Deviation (p.a.) | 16% |
| Positive Months | 60% |
| Maximum Drawdown | -29% |
| Avg Gross Exposure | 91% |
| Avg Net Exposure | 79% |
| Avg Beta | 0.69 |
All investments carry risk. While it is not possible to identify every risk relevant to the Fund, details of the risks that may affect your investment are provided in the product disclosure document (PDS) for the Fund. Please click here