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