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GLOBAL MASTERS FUND LIMITED — Net Asset Value 2022
Mar 2, 2022
64981_rns_2022-03-02_5afdf6aa-65ab-4af0-818b-96ab10b551be.pdf
Net Asset Value
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3 March 2022
Company Announcements Office ASX Ltd, Exchange Centre Level 6, 20 Bridge Street SYDNEY NSW 2000
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Dear Sir
Net Tangible Asset (NTA) backing per share at 28 February 2022
The unaudited NTA backing per share of the Company at 28 February 2022 was as follows:
| Beforeestimated tax onunrealisedgains | Afterestimated tax onunrealisedgains | |
|---|---|---|
| at 28 February2022 | 317.9 c | 267.1 c |
| at 31 January2022 | 333.0 c | 276.1 c |
The NTA figures shown above are before and after the provision for deferred tax on the unrealised gains in the Company’s investment portfolio. The Company is a long-term equity investor and does not intend to dispose of its total portfolio.
During February 2022 the portfolio was impacted by the AUD strengthening against major currencies, declining 2.77% against the US Dollar and declining by 2.95% against the British Pound. Berkshire Hathaway has been resilient in the face of inflation and interest rate concerns and the hostilities in the Ukraine, gaining in value in USD terms. Other investee businesses have been impacted to a greater degree declining in value through the month.
The summary of investments of the Company at 28 February 2022 were as follows:
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----- Start of picture text ----- Name of Company Percentage of Total PortfolioBerkshire Hathaway (NYSE) (BRK) 56.00 %MSCI Index Fund 20.27 %UK Managed Portfolio (LSE) 13.54 %Flagship Investments Limited (ASX) (FSI) 5.41 %BIP BCI Worldwide Flexible Fund Class B 3.18 %Unlisted Unit Trusts 1.09 %Cash 0.51 %Total 100.00 %----- End of picture text -----
For further information please call the Company Secretary on 1800 352 474.
Yours faithfully,
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Scott Barrett
Company Secretary GLOBAL MASTERS FUND LIMITED
Authorised for release by the Board.
Global Masters Fund Limited ABN 84 109 047 618 Tel: +61 1800 352 474 Fax: +61 7 5574 1457 Email: [email protected] www.globalmastersfund.com.au
C/- EC Pohl & Co Pty Ltd Level 12 Corporate Centre One 2 Corporate Court Bundall Qld 4217 Australia