Ann: June 2019 Investment Update, page-2

A pretty good result, was optimistically hoping for a little bit better given the top20 holdings were right on the money for the month.

10.9% for the year was also pretty good outcome given the turmoil and the fact the fund is fairly conservative to protect capital, this met my investment objective of "10% return with reduced risk profile".

I bought a few more during the month and accumulating.

Would be good if we saw the share price a bit closer to NTA , but if there are lots of sellers rotating out of lic's to invest themselves for higher risk/return it might take a while to close the gap.