The Elstree Enhanced Income Fund’s Net Asset Value (NAV) at the close of business on 30 April 2024 was $0.8621. This compares with the Fund’s ex-distribution NAV of a unit at the close of business on 28 March 2024 of $0.8531. The change in NAV over the period 28 March 2024 to the close of business on 30 April 2024 represents a return of 1.05%. This compares with the All Ordinaries Accumulation Index return of (2.70%) and the All Maturities Bond Index return of (1.98%). Please note the “()” denotes negative return outcomes.
The Fund’s over the year net return (after fees but before adjusting for franking credits) increased to 7.91% from 7.78% previously.