iTrust Investor Letter – May 2020

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itrust_invest May 11, 2020

11 May 2020

 

Dear Investor,

 

Welcome to the monthly Investor letter for iTrust Investment Fund (iTrust) covering the period to 30 April 2020.

 

The table below summarises the performance of iTrust over this period:

Period (1) iTrust Return (2)
1 Month 1.6%
3 Months -3.2%
6 Months 4.9%
12 Months 17.6%
Since inception – 11 Dec 2018 – annualised 17.9%

(1)    Period to 30 April 2020

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

Since inception on 11 December 2018, iTrust has returned 17.9% annualised.

 

During April 2020, iTrust had a positive return of 1.6% which suggests markets are starting to stabilise from the impact of the coronavirus, the full impact of which is shown in iTrust’s three month return of negative 3.2%.

The table below compares the performance of iTrust relative to the return on Australian Equities, International Equities and Cash:

Period (1) iTrust Australian Equities (2) International Equities (2) Cash (2)
1 Month 1.6% 8.8% 3.6% 0.0%
3 Months -3.2% -20.3% -9.6% 0.1%
6 Months 4.9% -15.5% -2.1% 0.4%
12 Months 17.6% -9.1% 3.5% 0.9%

(1)    Period to 30 April 2020

(2)    Source – Morningstar Long Term Asset Class Returns – 30 April 2020

 

With the exception of the one month returns, iTrust has delivered significant outperformance over these periods.

We have updated iTrust’s fund administration platform to include statements for each of your beneficiary accounts. The statements are continually updated for all transactions and include details of funds invested, the unit price applied to those funds, the number of units issued and the total units/value of the beneficiary’s account.

To access your statements, please click on the Statements tab on the left hand side of your home page.  For Investors with multiple beneficiaries, first select the beneficiary and then click on the Statements tab.  If you have any queries in relation to the statements please contact us at support@itrustinvest.com

We thank you for your continued support and look forward to managing your investment for the long term.

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

 

With regards

Lawrence Stapleton

Fund Manager, iTrust Investment Fund

Stapleton Asset Management Limited