Ann: February 2022 Investment Update, page-16

out of the above, I hold all except DJW. Cadence is a gud LIC, gud divvies and currently 35%cash.. RF1 is an LIT so pays out all its earnings as a div. Has been a good performer with its 5 in 1 fund setup. Can be a bit volatile. LSF has the sharpest operators who have I would argue, have the most skin in The game. I topped up at $1.45 LSF during the downturn, but I obviously forgot to back the truck up ! Karl Seigerling holds something like 22 mill shares in CDM, so (eg has to put it bluntly, a vested interest. I also hold CDO. If you want performance, LSF IMHO is the go ! Don’t forget that WAM is going to assimilate both OZG and WIC, the effects of which, I’m not sure.! I would probably expect LSF and RF1 to have the greatest NTA lift altho I cud be wrong. I don’t know how WAM will lift its NAV altho it does hold UWL which is subject to a takeover offer. DYOR.