Apologies for the lack of updates after the March quarter performance report.
We had to rebalance for some redemptions in the period post June 30. In fairness to the investors we were therefore reluctant to disclose holdings as at that date.
Our plans for this product were to keep the fixed administration costs to a level where overall management fees and expenses were relatively low.
Taking the above into account we shall review over the next months how we shall continue. There has also been a high level of franking credits generated thus far of which we are also mindful of. We shall provide a further update here in due course.
Assurance Capital Pty Ltd 