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Share Price
$1.26
as at 23/09/2017
Latest NAV
$1.3861
as at 20/09/2017

Portfolio Performance

Performance to 31 August 2017

  1 Month 3 Months 1 Year 3 Years
(accumulated)
5 Years
(accumulated)

KFL Adjusted NAV

+0.1% +4.7% +5.8% +39.6% +94.7%

Total Shareholder Return

+0.0% +1.5% +1.2% +29.5% +108.6%

Gross Performance Return

+0.3% +5.3% +7.9% +49.9% +127.6%

S&P/NZX50G Index

+1.6% +5.4% +5.7% +49.7% +113.2%

Non-GAAP Financial Information

Kingfish uses non-GAAP measures, including adjusted net asset value, gross performance return and total shareholder return. The rationale for using such non-GAAP measures is as follows:

  • adjusted net asset value – the underlying value of the investment portfolio adjusted for capital allocation decisions,
  • gross performance return – the Manager’s portfolio performance in terms of stock selection and hedging of currency movements, and
  • total shareholder return – the return to an investor who reinvests their dividends, and if in the money, exercises their warrants at warrant maturity date for additional shares.

 All references to including adjusted net asset value, gross performance return and total shareholder return on this website are to such non-GAAP measures. The calculations applied to non-GAAP measures are described in the Kingfish Global Non-GAAP Financial Information Policy. A copy of the policy is available at http://kingfish.co.nz/about-kingfish/kingfish-policies/