The Fund returned 1.09% over the month of June, delivered 2.77% for the previous three months and 12.38% over the past 12 months. The Net Asset Value (NAV) of the Fund, as at 30 June 2014, was $47.6 m1 and the cum redemption price was 1.3847362.
The solid return achieved in June enabled the Fund to reach a 12.38% return for the financial year which was a very positive result for the 12 month period. Also of note was the consistent way in which the Fund achieved this return. The Fund had a positive return for each month with a minimum monthly return of 0.37% generated in August of 2013 and a maximum monthly return of 3.47% achieved in July of 2013. There were three months in which the Fund returned greater than 1% but only one month in which the returns were less than 0.5%. The median monthly return during the year was 0.77%.
The Fund is paying a distribution for the quarter ended June 30 2014 of 4.77 cents per unit. This compares to the distributions paid in the September, December and March of 4 cents, 2.5 cents and 3 cents respectively.