Elstree Enhanced Income Fund May 2024 Performance Review and Market Commentary

The Elstree Enhanced Income Fund’s Net Asset Value (NAV) at the close of business on 31 May 2024 was $0.8589. This compares with the Fund’s NAV of a unit at the close of business on 30 April 2024 of $0.8621. The change in NAV over the period 30 April 2024 to the close of business on 31 May 2024 represents a return of (0.37%). This compares with the All Ordinaries Accumulation Index return of 0.87% and the All Maturities Bond Index return of 0.39%. 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 8.46% from 7.91% previously.

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