The first quarter of FY2015 ended reasonably well for EGP holders – we bested the market by 1.02%, which is an annualised 4.14%, more or less in the middle of the 3 – 5% outperformance that is our stated target.
Naturally, holders would generally prefer that outperformance to come alongside solid performance by the benchmark, but I am happy to get it any time, with the expectation that over a reasonable period the Australian market will give investors a good result and if we do our job right, EGP investors will do a little better than that.
As I set out in the e-mail to our holders that contained the report, there are a number of reasons to expect that the next 12 or 18 months have great potential for a number of our holdings. If that happens, we should be able to continue to generate outperformance over that period.
For non-members, please find the quarterly performance report here. As always it is also stored for posterity on the ‘Reporting’ tab – Tony Hansen 03/10/2014
|
|
Apr 1st 2011 |
Jul 1st 2014 |
Current Price |
Current Period |
Since Inception |
|
EGP Fund No. 1 |
1.00000 |
1.56145 |
1.57290*1 |
0.73% |
71.64%*2 |
|
35632.05 |
45991.23 |
45936.88 |
(0.12%) |
28.92% |
EGP Fund No. 1 Pty Ltd. Up by 0.73%, leading the benchmark by 0.85% since July 1st. Since inception, EGP Fund No. 1 Pty Ltd is Up by 71.64%, leading the benchmark by 42.72% all-time (April 1st 2011).
*1 after 31May 2013 dividend of 2.333 cents per share plus 1.000 cent per share Franking Credit & 31 May 2014 Dividend of 7.000 cents per share plus 3.000 cent per share Franking Credit
*2 calculated based on dividends reinvested
