Performance to date on USE ( 22 months )

BATU - 370, BOBU - 344, DFCU - 530, NVL - 530, SBU - 160, UCL - 70


BOBU 15% annualised
NVL -57%
DFCU -17%

Consolidated position is -16 % annualised.

Current Strategy
Buying: NVL
Watching: DFCU BOBU
Selling: all others


Best consolidated position has been 7% worst has been -16%