The Fund delivered a monthly annualised return of 10.07% p.a. (RBA + 5.97%), continuing the fund’s long run of consistent, predictable annualised monthly returns.
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In May the fund pushed through $150m in FUM, the benefit of which is that the Manager is increasingly able to reduce portfolio concentration.
Bedrock now holds 52 individual loan exposures (+2 for the month) across 34 borrowers (+1) and 8 geographies, with an average exposure of $2.9m.
We think transparency is more important than ever, and if you have any questions or wish to discuss any aspect of the fund’s performance or management, please reach out to our team.