Annual Investor Newsletter Financial Year Ended 30 June 2025
Dear Investor,
We are pleased to report that your investment in the Gyrostat Capital Risk Managed Equity Fund (ARSN 651 853 799) has continued to perform in line with our stated objectives and consistent with our absolute return philosophy.
Since becoming a registered managed investment scheme in July 2021, the Fund has delivered reliable returns in accordance with our guidance, Absolute Return Income Equity Class A Units achieving a 4-year annualised return of 9.40% p.a. This has been achieved through ongoing enhancements to our strategy and a consistent focus on capital protection and income generation.
For the 12 months to 30 June 2025:
• The Leveraged Absolute Return Income Equity Class B Units returned +10.49%
• The Absolute Return Income Equity Class A Units delivered +9.80%
Notably, our Class A Units have maintained a 14-year record of avoiding any quarterly losses exceeding 3% (past 4 years largest quarterly loss -1.53% with gains in 9 of the past 12 quarters), underscoring our steadfast approach to downside protection. The Leveraged Class B Units are designed to target
