Portfolio & Performance

Strategy Allocation

Marylebone Partners’ approach for Majedie Investments does not entail market timing or conventional asset allocation. By searching for the best bottom-up opportunities globally, across three complementary strategies, the manager achieves diversification and balance without diluting return potential. Because these investments tend to be idiosyncratic and eclectic in nature, they exhibit limited correlation to one another and to markets more broadly. On a look-through basis, equity-centric investments typically represent two-thirds of the overall portfolios.

As at 31 March 2023

NAV Performance

Total Return per £100 Invested to 28 February 2023

Year NAV TR £
1 yr 98.80
2 yr 101.03
3 yr 101.46
4 yr 95.17
5 yr 93.34

The above net asset values (NAV) include MAM at fair value and are calculated on a cum-income basis.

NAV Total Return per £100: 12 months to 28 February 2023

Explanatory Notes:
The above net asset values (NAV) include MAM at fair value and are calculated on a cum-income basis.

SHARE PRICE INFORMATION

Total Return per £100 Invested to 28 February 2023

No. of Years TSR £*
1 yr 99.37
2 yr 97.75
3 yr 95.56
4 yr 84.32
5 yr 81.22

*Total Shareholder Return (TSR) Performance

Total Shareholder Return per £100: 12 months to 28 February 2023

Explanatory Notes:
The Total Shareholder Return takes into account the change in the share price over the particular period and assumes theoretically that the relevant Majedie dividends are reinvested into Majedie shares on the relevant ex-date

Discount

(Discount) / Premium to Net Assets (debt at fair value)

As at (Discount) / Premium High Low
Sep-2017 (14.13%) (17.2%) (2.5%)
Sep-2018 (14.94%) (15.1%) (5.5%)
Sep-2019 (15.44%) (21.5%) (8.3%)
Sep-2020 (26.94%) (35.4%) (0.6%)
Sep-2021 (18.03%) (27.9%) (11.2%)
Sep-2022 (25.74%) (28.5%) (13.4%)

Monthly (Discount) / Premium to 28 February 2023

Explanatory Notes:
The discount or premium shown above is based on a comparison of the share price with the net asset value (with debt at fair value).