Seems like a lot has changed since 2017 prospectus as well as...

Seems like a lot has changed since 2017 prospectus as well as all the staff.

Do they just make things up as they go along?

IPO investors signed up for superior risk adjusted returns, not a high dividend payer as per proscpectus info below..

“Delivering a high dividend is not aprimary objective of the Investment

Strategy or the Manager. The Investment Strategy’s primary objectives

are focused on capital preservation and generating superior risk

adjusted returns over the long term. “

Prospectus also mentions active currency management… hmm.. have they just been fully hedged all this time at a cost instead?

“The Manager will seek to activelymanage the

Portfolio’s currency exposure using natural hedging (borrowing in a

foreign currency to hedge non-Australian dollar exposures) as well as

derivatives, currency forward contracts, options and swaps to hedge

currency exposures.”