Total return index

Julia does talk about, I guess, looking forward with her crystal ball, the importance of having a strong balance sheet.

Now, the strategy since inception has returned 10.34% net of fees, outperforming the S&P ASX 200 total return index by an alpha of 1.14%, which is great.

And today when we chat to Julia, the portfolio has grown just under 280 million in terms of assets under management.

Also, because I think it's relevant with our chat today, I'll just quote you their one year return, which has been 5.99%, beating the benchmark by 1.59%.