After a great run recently, February saw mixed returns for our Funds:
- +0.5% for the Affluence Income Trust (+7.0% over 1 year).
- -0.2% for the Affluence Investment Fund (+15.9% over 1 year).
- -2.6% for the Affluence LIC Fund (+14.6% over 1 year).
- -1.1% for the Affluence Small Company Fund (+21.5% over 1 year).
More details are in our monthly fund reports, which you can access below.
This month, we’ve dispensed with the “things we found interesting” part of our newsletter. Instead, Daryl and Greg have recorded a 30 minute video update, which you can access below. Right now, it’s a very uncertain investment environment. We’ve tried to cover the key issues as simply as we can. If you have time, it’s worth a watch.
As always, thanks for reading and for your continued interest in what we do. If you have any questions or feedback, reply to this email or give us a call.
Regards, Daryl, Greg and the Affluence Team.
Affluence Update
Daryl and Greg recently recorded a video update on the current investment environment (including AI and the Iran war), and portfolio positioning for each of our funds.
Affluence Funds Returns
Affluence Income Trust February 2026 Report
The Affluence Income Trust returned 0.5% in February and 7.5% per annum since commencing. The current distribution rate is 6.85% per annum paid monthly.
Affluence Investment Fund February 2026 Report
The Affluence Investment Fund returned -0.2% in February and 8.4% per annum since commencing. This diversified fund brings together our best ideas across all asset classes.
Affluence LIC Fund February 2026 Report
The Affluence LIC Fund returned -2.6% in February and 11.4% per annum since commencing almost ten years ago. At the end of the month, the average portfolio NTA discount was around 26%.
Affluence Small Company Fund February 2026 Report
The Affluence Small Company Fund returned -1.1% in February and 10.2% per annum since commencing. There’s still exceptional value in many smaller companies.
Fund In Focus
Affluence Investment Fund
Our Affluence Investment Fund has been quietly delivering results for over eleven years.
Our investment mandate for the Fund is very wide. We combine a variable allocation to our three specialist funds, with a range of our best investment ideas across all asset classes. The result is an all-weather portfolio that can deliver in differing market conditions, including:
- A blend of defensive and growth assets, with a strong value bias.
- A focus on differentiated investment strategies.
- Access to over 30 underlying managers and thousands of underlying investments.
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