Next Edge AHL Fund: Performance

Performance Chart

December 29th, 2009 to March 31st, 20171,2,3

Historical Performance

Class A1

AHL Diversified Programme – March 26, 1996 to October 31, 2006
Man AHL Diversified (Canada) Fund – Class A Units – November 1, 2006 to December 31, 2009 – Source: Next Edge
Next Edge AHL Fund – Class A Units – January 1, 2010 to latest data available – Source: Next Edge

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
1996 4.40% -2.50% 0.50% -2.10% 0.60% 10.60% 8.70% 9.80% 3.20% 37.10%6
1997 3.10% 6.40% -2.30% -4.20% 0.80% 4.60% 9.40% -8.00% 2.10% 2.10% -2.00% 10.80% 23.50%
1998 -2.50% 5.80% 1.20% -2.80% 5.00% 3.90% -0.40% 19.90% 0.40% 0.00% 2.40% 3.80% 41.10%
1999 -4.70% 2.30% -2.20% 6.40% -3.80% 2.70% -2.80% 3.30% 2.60% -4.20% 4.80% 2.80% 6.50%
2000 1.10% -0.20% -2.50% -4.20% 7.00% -5.30% -2.20% 3.50% -0.60% 4.60% 3.80% 14.90% 19.90%
2001 -0.10% 2.90% 11.80% -6.30% -2.10% 1.50% 1.60% 0.80% 16.40% 0.90% -4.70% -2.50% 19.70%
2002 -3.50% -4.70% -2.00% -1.90% -0.20% 13.00% 5.70% 2.50% 8.30% -9.60% -4.60% 10.40% 11.40%
2003 6.90% 8.10% -8.30% -1.00% 13.50% -4.00% -0.20% -0.90% 1.10% 2.50% -3.40% 8.00% 22.30%
2004 4.50% -1.00% -0.90% -4.50% -3.40% -4.90% -2.0% 1.50% 2.80% 7.10% 6.40% 0.20% 5.20%
2005 -6.60% 4.30% -1.20% -2.30% 2.80% 7.00% -0.30% 2.30% 4.00% 0.70% 6.30% -0.60% 16.80%
2006 3.90% -0.80% -2.00% 8.80% -3.40% -1.10% -5.40% 1.10% 1.80% 0.20% 1.90%2 2.30%2 2.50%
4.30%
20072 1.40% -5.90% -2.90% 6.70% 3.50% 3.50% -1.60% -5.20% 7.10% 5.10% -0.10% -0.30% 10.80%
20082 5.00% 7.30% 0.00% -1.50% 3.60% 1.60% -7.50% -3.90% -0.40% 13.30% 4.30% 3.50% 26.5%
20092 -0.60% -1.20% -5.20% -4.70% 1.70% -5.00% 1.80% -1.4% 2.20% -4.20% 4.80% -7.20% -18.1%
20103 -1.31% -0.83% 4.70% 1.81% -1.11% 0.83% -2.57% 6.25% 0.87% 8.03% -8.42% 5.73% 13.63%
2011 -3.59% 1.10% -5.06% 4.10% -1.94% -1.59% 0.13% 4.22% 0.25% -6.58% 1.01% -2.17% -10.22%
2012 -0.29% 2.48% -2.80% -1.81% -2.54% 2.58% 0.48% -2.91% -0.24% -4.42% 0.77% 0.98% -7.72%
2013 1.27% 0.45% 1.57% 4.62% -3.95% -7.89% -3.07% -0.75% -3.84% 5.69% -0.31% -0.79% -7.54%
2014 -2.64% 0.36% -0.45% -0.66% 6.51% 3.73% 4.47% 0.68% 3.64% 1.14% 4.05% 6.20% 30.03%
2015 6.70% -2.13% 2.45% 1.66% -7.48% -7.30% 3.00% 1.34% 4.04% -4.47% 2.67% -3.80% -4.42%
2016 5.99% 2.52% -4.37% -4.23% -3.17% 0.51% 1.32% -0.68% -3.67% -3.64% -0.04% 2.70% -7.13%
2017 -2.94% 3.00% -3.65% -3.68%**

 

Class F1

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC ANNUAL
2006 -1.90% 2.30% 1.60%6
2007 1.40% -5.90% -2.90% 6.70% 3.50% 3.50% -1.60% -5.20% 7.10% 5.10% -0.10% -0.30% 10.80%
2008 5.00% 7.30% 0.00% -1.50% 3.60% 1.60% -7.50% -3.90% -0.40% 13.30% 4.30% 3.50% 26.50%
2009 -0.60% -1.20% -5.20% -4.70% 1.70% -5.00% 1.80% -1.40% 2.20% -4.20% 4.80% -7.20% -18.10%
2010 -1.21% -0.73% 4.83% 1.91% -0.98% 0.93% -2.46% 6.39% 0.97% 8.15% -8.30% 5.84% 15.17%
2011 -3.46% 1.20% -4.96% 4.21% -1.81% -1.49% 0.23% 4.36% 0.35% -6.45% 1.11% -2.07% -8.99%
2012 -0.16% 2.59% -2.70% -1.69% -2.43% 2.68% 0.61% -2.81% -0.14% -4.29% 0.87% 1.11% -6.43%
2013 1.38% 0.55% 1.68% 4.76% -3.85% -7.79% -2.94% -0.65% -3.71% 5.80% -0.20% -0.66% -6.25%
2014 -2.54% 0.47% -0.32% -0.56% 6.62% 3.86% 4.80% 0.78% 3.77% 1.24% 4.16% 6.34% 32.10%
2015 6.81% -2.03% 2.58% 1.76% -7.39% -7.18% 3.11% 1.47% 4.15% -4.37% 2.80% -3.71% -3.13%
2016 6.09% 2.65% -4.27% -4.13% -3.19% 0.60% 1.42% -0.55% -3.57% -3.52% 0.06% 2.81% -6.02%
2017 -2.82% 3.10% -3.55% -3.36%6

 

1. Next Edge AHL Fund (the “Fund”) returns are net of all fees and expenses associated with Class A Units charged from December 28, 2009 (trading start date). Returns for 2016 and 2017 are unaudited. Therefore, performance statistics containing 2017 figures shown in this material are subject to final confirmation. The historical annualized rates of return for the Next Edge AHL Fund Class A Units as of March 31st, 2017, are 1-year -13.91%, 3-year 4.56%, 5-year -0.92%, 10-year N/A, and CARR -0.45%; for the Next Edge AHL Fund Class F Units as of March 31st, 2017, are 1-year -12.90%, 3-year 5.99%, 5-year 0.45%, 10-year N/A; The Fund obtains exposure to the returns of a diversified portfolio of financial instruments across a range of global markets including, without limitation, stocks, bonds, currencies, short-term interest rates, energy, metals and agricultural commodities (the “Underlying Assets”) managed by AHL Partners LLP (the “Investment Manager”) using a predominantly trend-following trading program (the “AHL Diversified Programme”). The AHL Diversified Programme is implemented and managed by the Investment Manager.
The AHL Diversified Programme is also accessed by Man AHL Diversified plc. Man AHL Diversified plc is an open-ended investment company organized under the laws of Ireland and listed on the Irish Stock Exchange. While it is intended that the Underlying Assets will be managed with the same investment objectives and strategies used by the Investment Manager in managing the assets of Man AHL Diversified plc, their investments may not be identical and the returns of the Underlying Assets will differ from the returns of Man AHL Diversified plc. Differences in performance will be due to a number of factors including but not limited to fees, taxes, currency hedging, foreign exchange, variations in trading programmes and allocations, cash flows and asset size. The leverage, strategy and investments of Man AHL Diversified plc have varied over time and as a result performance in any future period will vary. The information about the performance of Man AHL Diversified plc is not, and should not be construed to be, an indication about the future performance of the Underlying Assets or the Fund. The charts depicting Performance Attribution, Sector Allocations, Var and Net Exposure Monthly Comparison are derived from Man AHL Diversified plc.
2. World stocks: MSCI World Net Total Return Index hedged to CAD.
3. Managed Futures: Barclays BTOP50 Index hedged to CAD. When 12 months of performance data is unavailable for a calendar year, partial year to date is shown. The indices shown are not benchmarks as they are not representative of the Fund’s investment strategy. They shall be used as a comparison of different strategies only. Please note that if no index is offered for selection, we refrain from showing financial indices as no such index would be representative of the Fund’s investment strategy and a comparison of strategies would be misleading.
4. Sharpe ratio is calculated using the risk-free rate in the appropriate currency over the period analyzed. Where an investment has under-performed the risk-free-rate, the Sharpe ratio will be negative. Because the Sharpe ratio is an absolute measure of risk-adjusted return, negative Sharpe ratios are shown as N/A, as they can be misleading. Financial statistics that assume a normal distribution of returns from an investment strategy such as volatility, correlation and Sharpe ratio, may under-represent the risk of sizeable rapid losses from such investment strategy.
5. In a correlation matrix the values can vary between minus one (perfect negative correlation), through zero (no correlation), to plus one (perfect positive correlation.)
6. Part Year