Update No. 183 – 03/10/14

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












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