Sept '25 Qtr

Results are in, with a 10.99% return on IRRIS Tactical Opportunities strategy for last quarter; outperforming it's target return and peer benchmark significantly. This concentrated strategy of 10 key holdings outperformed the Morningstar Aggressive benchmark each of the three months, only dipping slightly below in two small brief periods. The final month really setting results apart with an enormous contribution from one of our US stock holdings. We took the opportunity through the period to sell down small allocations of two holdings and take profit to top up cash. We have a SPP currently in progress, on track for a great result to settle in October.

The Cash Flow Focus and Growth Focus strategies also saw outperformance of their respective quarterly targets.