Performance Attribution Report — August 2026 (Net of Fees)
Period: 02 Feb 2026 to 31 Aug 2026
Performance Summary
| August 2026 | Since Inception |
|---|
| Fund Return (NAV) |
-1.14% |
+3.50% |
| S&P 500 Return |
+2.62% |
+10.17% |
| Active Return |
-3.76% |
-6.67% |
Portfolio – Avg Exposure & Entry Prices [2026-02-02 → 2026-08-31]
| Instrument | Mnemonic | Avg Entry Price (USD) | Avg Exposure (%) |
|---|
| Energy | SXLE.L | 40.75 | 6.1% |
| Materials | IUMS.L | 9.46 | 8.8% |
| Industrials | IUIS.L | 13.34 | 10.9% |
| ConsDiscretionary | SXLY.L | 49.50 | 3.4% |
| ConsStaples | SXLP.L | 42.30 | 11.3% |
| HealthCare | SXLV.L | 43.81 | 8.5% |
| Financials | SXLF.L | 53.61 | 11.4% |
| IT | SXLK.L | 131.44 | 15.6% |
| CommServices | SXLC.L | 36.31 | 4.6% |
| Utilities | SXLU.L | 51.01 | 14.3% |
| REITS | XRES.L | 21.48 | 5.0% |
| ETF sleeve (total) | | | 50.2% |
| MES Futures (RoRo) | MES | 7,251.08 | 56.5% |
| MES Futures Long/Short (signed) | MES | 7,251.08 | 23.8% |
| PULS (Cash_Carry) | PULS | 49.60 | 29.8% |
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