Ophir High Conviction Fund outperforms benchmark since inception

The Ophir High Conviction Fund recorded a net return of +14.8% p.a. since its inception in August 2015, outperforming its benchmark's +10.4% p.a. during the same period. For August 2025, the fund returned +6.3% (net of fees), slightly underperforming the index return of +7.0%. The fund currently manages $808.9 million in assets.

August saw a strong market, with the ASX 200 gaining +3.3% and ASX Small Ordinaries gaining +8.5%. The fund's top contributors included Zip, which gained +31.9% for the month following strong earnings and a guidance upgrade. However, Superloop detracted, falling -14.0%, despite strong revenue and customer acquisition growth.

The fund's Net Asset Value per unit stood at $3.63 as of August 31, 2025. The portfolio decreased to 33 holdings, with cash levels at 2.4%.