2006 Fund Performance

I just noticed that I forgot to post last year's results for the Bainsworld Superannuation Fund. Our investment earnings rate for 2006 was 11.7% which seems a little low given the way the Australian market has been performing of late. Still we think that 2007 will be an improvement on this.

Holdings include shares in:

• Alinta
  
• ARB Corporation
  
• BlueScope Steel
• ConnectEast Group
  
• JF Meridian Trust
  
• National Australia Bank
• OrotonGroup
• The Reject Shop
• Toll Holdings

We also have a number of managed investments and units in an unlisted property trust.

The standout performer in our portfolio is The Reject Shop (ASX code TRS) which has been growing at a compound annual growth rate of 100% - yes, it has doubled in value every year for the four years we have held it!