| TLH | |
|---|---|
| Total return | -15.2% |
| Annualised (CAGR) | -1.6% |
| Volatility (annualised) | +10.7% |
| Sharpe (rf = 0) | -0.15 |
| Deepest drawdown | -41.1% |
| Drawdown peak → trough | 2020-08-04 → 2023-10-19 |
| Dividend yield (12m distributions) | 4.81% (as of 2026-09-29) |
Over the 10.0 years to 2026-09-29 the fund returned -15.2% in total (-1.6% a year), with a deepest drawdown of -41.1% from 2020-08-04 to 2023-10-19. Its worst calendar year was 2022 (-25.2%), its best 2020 (+13.8%).
| Year | TLH |
|---|---|
| 2026 | -6.3% |
| 2025 | +6.5% |
| 2024 | -4.2% |
| 2023 | +4.0% |
| 2022 | -25.2% |
| 2021 | -5.4% |
| 2020 | +13.8% |
| 2019 | +10.1% |
| 2018 | +0.4% |
| 2017 | +4.2% |
| 2016 | -8.1% |
-15.2% in total, which works out to -1.6% a year over the 10 years to 2026-09-29. Both figures assume dividends were reinvested and the fund's own fees were already deducted, so they are what an investor would have kept — before tax.
2022 — its calendar-year return was -25.2% (net of fees, dividends reinvested). Its best year was 2020 (+13.8%).
-41.1%, from a peak on 2020-08-04 to a trough on 2023-10-19. As of 2026-09-29 it had not climbed back to that earlier peak.
Over the last 12 months it distributed 4.81% of its share price (as of 2026-09-29). That is a past distribution, not a promise of future income, and it is already counted in every return figure on this page.
It does not say TLH is a good or bad fund, and it is not a forecast. Returns above are history: they already include dividends and already exclude the fund's own fees. A drawdown of -41.1% means an investor who bought at the peak would have watched that much value disappear before it recovered — how long that takes is the part most tables leave out.