As at 28 February 2018
In February, the Fund recorded -2.1% performance, net of all fees and charges vs the S&P/ASX Accumulation 200 Index return of +0.4%.
More complete Fund return data, both gross and net, are included towards the end of this letter. CVF’s per share net tangible assets (NTA) now stands at $1.22, which fully incorporates the impact of a 4c per share fully franked interim dividend, payable in early April. Trailing twelve-month gross dividend yield at month end, which attributes full value to franking, was 9.4%.