Avenir Global Fund

Avenir Global Fund: Performance as at 31 July 2018

Performance  1 month
(%)
3 months
(%)
1 year
(%) 
3 years
(%) p.a.
5 years
(%) p.a.
10 years
(%) p.a.
Inception
(%) p.a.*
Performance (Net)
Fund Return 1.97 4.97 18.97
MSCI All Country World Net Index (AUD) 2.39 4.17 18.95
Active Return**  -0.41 0.80 0.03

Net returns are calculated after fees have been deducted assuming reinvestment of distributions. No allowance is made for tax. Past performance is not a reliable indicator of future performance. References to the “Fund” or “Avenir Global Fund” are to the Class A units only which commenced August 2017 and no other class of units.  *The inception date for the Avenir Global Fund – Class A is 25 August 2017. **Numbers may not add due to rounding.

Returns of the strategy since inception (1 August 2011) are available on Avenir Global Fund – Class I tab below. For performance related queries, please call the Fidante Investor Services Team on 13 51 53.

Avenir Global Fund - Class I

Avenir Global Fund – Class I: Performance as at 31 July 2018

Performance  1 month
(%)
3 months
(%)
1 year
(%) 
3 years
(%) p.a.
5 years
(%) p.a.
10 years
(%) p.a.
Inception
(%) p.a.*
Performance (Gross)
Gross Return 2.03 5.23 19.06 10.96 14.30 16.43
MSCI All Country World Net Index (AUD) 2.39 4.17 19.17 8.50 13.23 14.91
Active Return** (before fees and expenses) -0.35 1.06 -0.11 2.46 1.07 1.52
Performance (Net)
Net Return (after fees and expenses) 1.99 3.33 16.22 8.25 10.64 12.18
MSCI All Country World Net Index (AUD) 2.39 4.17 19.17 8.50 13.23 14.91
Active Return** (after fees and expenses) -0.40 -0.84 -2.94 -0.25 -2.58 -2.73

Gross returns are calculated before fees have been deducted assuming reinvestment of distributions. Net returns are calculated after fees have been deducted assuming reinvestment of distributions. No allowance is made for tax. Past performance is not a reliable indicator of future performance. *The inception date for the Avenir Global Fund – Class I is 1 August 2011. **Numbers may not add due to rounding.

For performance related queries, please call the Fidante Investor Services Team on 13 51 53.