Latest monthly
Our investors receive our monthly report directly. For an insight into our fund, below is our latest monthly report.
The fund had a soft month in March returning -4.7% (net) as Trump tariff policy uncertainty continued to disrupt global markets. The All-Ords Accumulation index was down 3.6% in March and S&P500 -5.75%, meaning that we underperformed the Aussie market in a down month which has been a rare occurrence for the fund. Looking back at the numbers, since we started the fund 86 months ago there have been 30 months in which the All-Ordinaries Accumulation Index has posted a negative month and including March 2025, IPFM has only underperformed the market in 4 of these down months (ie. we have outperformed 87% of the time). The funds median downside capture (percentage of the down move the fund has captured) since inception is 49.3%, which is a number we are proud of and this is an attribute we continue to expect the fund to exhibit through the cycle. Our net exposure at the end of March was 66.9% as we continue to “tread with caution” given short term uncertainties.
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