Reports and Insights

Our investment insights below are to assist you, to better understand how you may be affected by changes in the ever changing investment landscape.
Latest Fund Commentary
At the stock level, over the last quarter the Fund benefited from its overweight positions in Block Inc CDI (XYZ), Nextdc Ltd (NXT), Orica Ltd (ORI) and Qantas Airways Ltd (QAN). An underweight position in BHP Group Ltd (BHP) also benefited the portfolio.
The Fund has demonstrated it generates a dependable distribution stream over the long term with a distribution return of 4.02% over the last three years and 5.39% p.a. since inception.
Market Updates & Insights
Despite a slightly softer top line, earnings results were broadly sound relative to expectations. Company guidance was slightly softer, however.
Middle East tensions escalated during the month, culminating in the U.S. military launching a series of strikes on Iranian nuclear facilities—a significant escalation in the regional conflict that began with Israel’s surprise airstrikes on Iranian territory on June 13.