Holdun Income Fund - Executive Summary Q3 2021 - Holdun

Holdun Income Fund

Executive Summary Q3 2021

Overview

The Holdun Income Fund offers a blended portfolio of AAA-rated bonds and high-quality real estate resulting in significant cash flow generation, diversification and above-average returns for investors seeking downside protection.

Fund Update

The Holdun Income Fund (“HIF”) continues to add value over Q3. The Fund returned 0.81% over Q3 in a difficult yield environment as treasury yields remained suppressed despite a significant pick up in economic growth and the highest inflation numbers since 1991.

Going forward, The tapering debate will continue to gather momentum and place upward pressure on bond yields as central bank stimulus policies become increasingly more difficult to justify amidst significant economic growth and inflation.

The GNMA securities continue to generate consistent cash flows and as bond yields tick slowly higher, the securities structured to benefit from rising long-term interest rates will add additional upside.

The Boca Trophy Portfolio continued to experience occupancy increases and Net Operating Income increases over the quarter.

The Boca Trophy Portfolio will contribute significant cash flow to the fund and is anticipated to generate a 14-16%, 5- year annualized total return.

This combination of highly sought-after real estate and a steeper yield curve environment will function to accelerate the growth of the Holdun Income Fund going forward.

Since Inception Return Analysis: as at 30 SEPTEMBER 2021

Portfolio

Benchmark
Compound Return

0.87%

2.79%
Compound  Growth of $100,000

$104,598

$115,268

Volatility

14.80%

5.76%

Percentage Month Positive

93.5%

51.6%

Fund Performance: as at 30th september 2021:

*Since Inception returns as of the 31st of July 2016.

Trailing Returns (Net)

3-month

YTD 1-yr 3-yr Since Inception *
Portfolio

0.81%

8.96% 10.30% -2.33% 0.87%

Benchmark** 

2.60% -0.37% -1.62% 7.26% 2.79%
HOLDUN