The Denning Pryce Equity Income Fund recorded a second consecutive positive month, up +5.17%, and outperformed its benchmark (the S&P/ASX 50 Index) by +0.46%.
The Fund, which aims to generate returns of 10% per annum with approximately half the risk of the S&P/ASX 50 Index by holding a blue chip equity portfolio and selling selected call options, is now up +10.28% over the last three months. Top performing stocks included Onesteel, OZ Minerals and Macquarie Group, while worst performing stocks included Bluescope, Macquarie Infrastructure Group and Fortescue Metals. The Fund was heavily invested in equities at month end, with over 87% of the portfolio invested, which enhanced the Fund's overall result.
