After a positive start to the year in the first couple of months, once the Iran war began the portfolio suffered a correction in March. For the quarter overall, the fund declined in value by 9%.
Despite the above setback, since inception returns were still above 11% p.a. after all fees and expenses. The fund began almost 3 and a half years ago now, back in November 2022. The ASX Small Ordinaries Accumulation Index showed annualized returns just below 8% p.a. over the same period.
The above portfolio returns do not include any additional benefits of franking credits that clients may receive. The units were issued at $1, and we have paid out a 5 cent fully franked dividend on three separate occasions since inception. At the time of writing this, there is also sufficient franking credits available to again pay another 5 cent fully franked dividend.
Please don’t hesitate to get in touch if you have any questions.
Assurance Capital Pty Ltd 