Update No. 213 – 01/05/15

We hit another all-time high this week. We have been up 15 out of 17 weeks so far in the 2015 calendar year. Such consistent returns should not be relied upon. When investing in listed stocks you need to be prepared for some bumps. Before you consider what happened to the market this week as much of a bump, remember the ASX200 (Total Return) is only 2.6% of its all-time Friday closing high, registered on March 20 this year.

The best part of this week’s report is that we made our modest gain this week in a week when the market suffered a decent reversal. As a consequence, the shortfall against our benchmark closed by almost half.

We again find ourselves in the relatively quiet period between major reporting seasons, though a couple of fairly positive announcements in the last couple of weeks have helped the value of our portfolio trend higher. Although we generally welcome lower prices, the trend higher of the value of our holdings as the market pauses or reverses at least gives hope that we may be able to cover the spread and ensure our 4th consecutive year of out-performing our benchmark – Tony Hansen 01/05/2015

  

Apr 1st 2011

Jul 1st 2014

Current Price

Since July 1st 2014

Since Inception

EGP Fund No. 1

1.00000

1.56145

1.68765*1

8.08%

84.13%*2

S&PASX200TR

35632.05

45991.23

51336.31

11.62%

44.07%

EGP Fund No. 1 Pty Ltd. Up by 8.31%, trailing the benchmark by 3.54% since July 1st 2014. Since inception, EGP Fund No. 1 Pty Ltd is Up by 84.13%, leading the benchmark by 40.06% 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