iTrust Monthly Investor Letter, June 2020

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itrust_invest June 10, 2020

 

10 June 2020

Dear Investor,

Welcome to the monthly Investor letter for iTrust Investment Fund (iTrust) covering the period to 31 May 2020.

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

Period (1) iTrust Return (2)
1 Month 1.3%
3 Months 0.5%
6 Months 2.5%
12 Months 15.1%
Since inception – 11 Dec 2018 – annualised 13.8%
  • Period to 31 May 2020
  • Based on the movement in Net Asset Value (NAV) over the Period

Since inception on 11 December 2018, iTrust has returned 13.8% annualised.  For the month of May 2020, iTrust returned 1.3% which is the second consecutive month of positive returns post Covid-19. This positive result was reduced by the impact of the strengthening A$ which rose 1.4% over the month.

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 1.3% 4.4% 3.4% 0.0%
3 Months 0.5% -9.9% -1.8% 0.1%
6 Months 2.5% -14.6% -3.3% 0.3%
12 Months 15.1% -6.7% 12.0% 0.8%
  • Period to 31 May 2020
  • Source – Morningstar Long Term Asset Class Returns – 31 May 2020

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

We are working with iTrust’s technical team to add Gold as an additional asset class on the iTrust platform and our plan is to have this investment option available to Investors by the end of September 2020.  We will keep you informed of progress.

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