Ann: CEO appointment, page-17

From Newing on Stocks.

Truly shocking portfolio performance

The annual returns in recent years for the Superfund portfolio have been as follows:

2018/19 gain 23.4%
2019/20 gain 106.3%
2020/21 gain 28.3%
2021/22 loss 28.0%
2022/23 loss 38.1%

The annual returns in recent years for the Trust portfolio have been as follows:

2018/19 gain 4.8%
2019/20 loss 4.9%
2021/21 loss 9.1%
2021/22 loss 19.7%
2022/23 loss 88.3%

The last two years have been terrible, largely due to the demise of Phoslock (PET) which had been a large holding.