iTrust Investment Fund – Investor Letter

Blog

itrust_invest March 10, 2020

9 March 2020

 

Dear Investor,

 

Welcome to the first monthly Investor letter for iTrust Investment Fund (iTrust). The purpose of the letter is to provide Investors with monthly updates on the performance of iTrust and news relating to additional features and benefits.

 

iTrust was developed as a long term investment fund to assist Parents build wealth for their children from an early age.  iTrust offers Parents access to high quality investment funds for a minimum investment of only $10 compared to minimum investments of $5,000 to $10,000 for most investment funds.

 

The iTrust Platform allows Parents (and other significant adults in a child’s life such as Grand Parents, Aunts, Uncles and God Parents etc.) to establish multiple beneficiary accounts and to make one off and recurring payments to those accounts.  iTrust also has unique gifting functionality which allows one off or recurring gifts to be received from third parties to add to the child’s account.

 

iTrust currently offers Investors access to Global Equities via its investment in the Magellan Global Fund which has returned 12.5% per annum since its inception on 1 July 2007 to 29 February 2020 . 

 

Over time, as we develop iTrust, we plan to offer Investors access to additional asset classes including Australian Equities, Gold, Property and Cash Management Trusts. We will keep you informed of these new offerings as they are developed. iTrust issued its first units on 11 December 2018 and the performance since that time up to 29 February 2020 has been 19.0% per annum.  The table below summarises iTrust’s returns over this period:

Period (1)

Return (2)

1 Month

-2.4%

3 Months

2.0%

6 Months

4.4%

12 Months

19.1%

Since inception – annualised

19.0%

(1)    Period to 29 February 2020

(2)    Based on the movement in Net Asset Value over the Period

The negative return of 2.4% for the month of February 2020 was due to the impact of the Coronavirus on global equity markets in the second half of the month. Our analysis of the performance of iTrust over this period compared to the US S+P 500 Index and the Australian ASX 200 Index shows that iTrust outperformed these indices due to the quality of the underlying investment fund, the weakening Australian dollar and the relatively high cash balance in iTrust (~20%) over this period.

 

We thank you for your support and look forward to managing your investment going forward.

 

If you require further information on iTrust please refer to the PDS on the website itrustinvest.com or contact us at support@itrustinvest.com.

 

Further, if you have feedback for us on your experience with navigating the iTrust website please also send this through to support@itrustinvest.com.

 

With regards

 

Lawrence Stapleton

Fund Manager

 

iTrust Investment Fund