Hi guys, I'm asked every now and again to post an update on my tracking spreadsheet of Navra's performance relative the ASX200. So instead of posting it in all sorts of unrelated threads I thought I'd start a thread and keep posting updates here periodically. Feel free to bookmark this thread and post a "please post another update" request when you're interested and I'll do my best to reply ASAP with a latest update. This is only for the Aus Retail fund though as that's all I hold. Can't post updates on the US fund or the Aus Wholesale fund. OK, so for the current quarter, the million dollar question is: "Can Navra keep its nose in front and outperform the index for the first time that I'm aware of for a full quarter?" So far the recent volatility of the ASX means that, even with a cash holding at around 40% and an over-weight exposure to the ASX50, the NavTrade Aus Retail fund is beating the ASX200 index for the quarter. The attached graph shows current performance but the last two datum points for the Navra fund are extrapolated and not actuals. The ASX200 is bouncing back and when she's a steep upwards curve it typically outperforms Navra. So, time will tell whether the current bounce continues North and we see the index overtake Navra as we approach the line for the end of the quarter or whether another little hiccup or two in the ASX allows Navra to keep its nose in front. Bring on the volatility I say! Loving the fact that what is effectively a very conservative fund that holds predominately the ASX50 and around 40% cash can keep up with the ASX200. Now that's what I call a performance to risk profile premium! Woohoo!! Cheers, Michael.