December was a mixed month for markets. Find out how the market and the fund performed.

How did we do in November? During November, the fund returned 4.27%, net of fees. The benchmark return was 3.22%. The benchmark is the S&P500, as proxied by the SPY exchange traded fund, in AUD. The fund issued units on 11 November and the first trade date was 14 November. Thus, November was a partial month of performance and the benchmark return reflects that. Net of fees, the Fund beat the benchmark by 1.07%.