The Elstree Enhanced Income Fund’s Net Asset Value (NAV) at the close of business on 28 March 2024 was $0.8671 (Ex-distribution of $0.014 cpu the Fund’s NAV was $0.8531). This compares with the Fund’s NAV of a unit at the close of business on 29 February 2024 of $0.8567. The change in NAV over the period 29 February 2024 to the close of business on 28 March 2024 represents a return of 1.21%. This compares with the All Ordinaries Accumulation Index return of 1.17% and the All Maturities Bond Index return of 3.13%. 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 7.78% from 5.60% previously.