The financial year ended well for EGP. The widest performance margin we registered in all of FY2015 over our benchmark was set on 30 June 2015.
In the end our advantage over the market was 4.19% before our performance fee and 3.36% after allowing for the performance fee.
FY2015 was the first year we have failed to outperform our 3-5% outperformance target, and if you read our Annual Performance Letter, which shareholders received earlier in the week and which is now posted permanently in the Reporting section of the website, you will see we have changed to a more challenging benchmark for FY16 and onward.
FY2015 was our weakest absolute performance in the last 3 years and our weakest relative performance ever, so naturally we hope to do much better in both areas in FY16, but given the vagaries of the market, we of course, make no promises in this regard.
What I can promise you, as always is my absolute commitment to doing the best I can, and you can be comforted by the fact that virtually my entire family net worth outside of the family home is wrapped up in the fund, so I care intensely about how EGP performs.
With more than 4 years performance behind us now, we can lay claim to a result that is more than twice the benchmark we have compared ourselves to (15.67% for EGP versus 7.58% for the ASX200TR index). We hope to continue to deliver strong performance for many years to come.
The financial year started strongly for the portfolio, up more than 1%. Stronger still for our new benchmark, up yet more than that. After a fairly mediocre FY2015, Aussie investors are probably hoping it is the start of something good – Tony Hansen 30/06/2015
|
|
Apr 1st 2011 |
Jul 1st 2015 |
Current Price |
Since July 1st 2015 |
Since Inception |
|
EGP Fund No. 1 |
1.00000 |
1.57872 |
1.59596*1 |
1.09% |
87.71%*2 |
|
35632.05 |
48602.26 |
49317.92 |
1.47% |
43.12% |
|
|
STW.ASX Units |
45.86 |
50.94 |
50.61 |
1.32% |
38.41% |
EGP Fund No. 1 Pty Ltd. Up by 1.09%, trailing the benchmark by 0.23% since July 1st 2015. Since inception, EGP Fund No. 1 Pty Ltd is Up by 87.71%, leading the benchmark by 49.51% all-time (April 1st 2011).
*1 after a 31 May 2013 dividend of 2.333 cents per share (cps) plus 1.000 cps Franking Credit, a 31 May 2014 Dividend of 7.000 cps plus 3.000 cps Franking Credit and a 31 May 2015 Dividend of 8.6667 cps plus 3.7143 cps Franking Credit
*2 calculated based on dividends reinvested
