Since inception thirteen years ago, the Fund has averaged 10.2% pa return after all fees and charges. By way of context, the Australian share market and Cash rates averaged 7.1% pa and 2.5% pa over the same period respectively.
It has been a tumultuous 13 years, punctuated by many “once in a life time events” including: the Global Financial Crisis, Central Bank Quantitative Easing (QE), versions 1, 2 and 3, the Greek banking crisis, the bond market Taper Tantrum, Brexit, the Trump presidency, a Flash Crash, and most recently a global pandemic. Paradoxically the latter event resulted in massive government stimulus that injected liquidity into financial markets helping them recover from pandemic lows and reach new heights.
Over the financial year ending June 2021 the Fund generated a robust return for unit holders of 27.7%. We were particularly pleased given the conservative setting of the Fund as well our ability to minimize the drawdown during the prior year’s Covid induced negative performance, the first negative year in the Fund’s history.