The Surrey Australian Equities Fund (SAEF) had a strong month returning +8% in May 2025 after all fees. This takes returns after all fees in the last 12 months to +26% which is +16% ahead of the XSOAI return over the same time period.
There were a number of positive announcements in May from a range of our portfolio holdings which reinforced their respective investment propositions while pleasingly, no stocks had a material negative impact on performance. We believe our current portfolio positioning is well placed to both capture future market upside while also having a significant defensive weighting. In this context we are very excited about what FY26 could bring. Additional commentary about the month and the portfolio can be found by clicking the link below.
For those following up on The Surrey Australian Equities Fund being rated by independent rating agency Mercer as the 4th best performing Australian Small Cap fund over the 12 months to March 30th 2025, further detail can be located in the Australian Financial Review.
The Fund is open to new investors, links to the Information Memorandum and applications are via the links below. Applications for new and existing investors are now paperless and can be made online.
Nick Maclean
Managing Director
Surrey Asset Management
Level 47, 80 Collins Street, (North Tower) Melbourne VIC 3000.
Email: nmaclean@surreyassetmanagement.com Mobile: 0425 726 305