AFIC's NTA rises amid market volatility in April 2025

Australian Foundation Investment Company (AFIC) announced its monthly net tangible asset (NTA) backing per share as of April 30, 2025, alongside its top 25 investments, reporting an NTA before tax of AUD7.93 and after tax of AUD6.67, compared to the previous month's AUD7.68 and AUD6.49, respectively. This increase occurred amidst a volatile market environment in April, which saw the S&P/ASX 200 price index experience significant fluctuation due to concerns over global trade policies, rebounding to close the month up 3.6%. As of May 2, 2025, the estimated pre-tax NTA per share was AUD8.06, with AFI's share price closing at AUD7.13. The company's investment portfolio, valued at AUD10.1 billion, is largely allocated to banks (19.5%) and materials (14.1%), also showing a strong performance across communication services, information technology, real estate, consumer discretionary and financials.