Ophir high conviction fund outperforms benchmark since inception

As of September 30, 2025, the Ophir High Conviction Fund (ASX:OPH) reported a net return of +15.0% p.a. since inception, significantly outperforming its benchmark's +10.5% p.a. over the same period. The fund size currently stands at $832.8m. For September, the investment portfolio returned +2.9% (net of fees), compared to the index return of +1.9%. The ASX listing returned +10.2% for the month.

The fund's top 5 holdings as of September 30, 2025, include Generation Development Group (GDG), Infratil Ltd (IFT), Life360 Inc (360), Megaport Ltd (MP1), and ResMed Inc (RMD). The average portfolio market cap is $9.1bn, with the number of holdings increasing to 35 and cash levels rising to 3.9%. Life360 Inc was a significant contributor to performance for the month, gaining +14.5%.

The Net Asset Value (NAV) per unit was $3.74, while the ASX price was $3.47. The fund's investment objective is to outperform its benchmark after fees over the long term (5+ years), focusing on high-quality companies outside the S&P/ASX50 with structural growth potential.