Performance Attribution Report — March 2026 (Net of Fees)
Period: 02 Feb 2026 to 31 Mar 2026
Performance Summary
| March 2026 | Since Inception |
|---|
| Fund Return (NAV) |
-1.05% |
-1.37% |
| S&P 500 Return |
-5.09% |
-6.42% |
| Active Return |
+4.04% |
+5.06% |
Portfolio – Avg Exposure & Entry Prices [2026-02-02 → 2026-03-31]
| Instrument | Mnemonic | Avg Entry Price (USD) | Avg Exposure (%) |
|---|
| Energy | SXLE.L | 28.73 | 16.6% |
| Materials | IUMS.L | 5.30 | 6.4% |
| Industrials | IUIS.L | 9.53 | 16.0% |
| ConsDiscretionary | SXLY.L | 1.55 | 0.0% |
| ConsStaples | SXLP.L | 30.66 | 11.0% |
| HealthCare | SXLV.L | 31.44 | 11.2% |
| Financials | SXLF.L | 38.61 | 11.5% |
| IT | SXLK.L | 74.39 | 6.8% |
| CommServices | SXLC.L | 1.19 | 0.0% |
| Utilities | SXLU.L | 33.42 | 13.6% |
| REITS | XRES.L | 13.19 | 6.8% |
| ETF sleeve (total) | | | 18.6% |
| MES Futures (RoRo) | MES | 6,731.02 | 28.8% |
| MES Futures Long/Short (signed) | MES | 6,731.02 | 14.4% |
| PULS (Cash_Carry) | PULS | 49.60 | 29.8% |
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