The Fund had another strong month, returning 2.6% for May. For context, this was in an environment where the equity market (All Ordinaries) generated 2.0% and the RBA cash rate remained at close to zero over the same monthly period.
The Fund’s 12-month rolling performance of 26.5% is particularly pleasing given our conservative settings. Since inception, the Fund has generated a return of 10.2% pa against the backdrop of an RBA cash rate of 2.5% and an equity market return of 6.9% p.a. for the same period.