It was a weaker month for the market, but the Fund held up better, returning -2.21% against -2.42% for the ASX 200. Industrials did theheavy lifting, almost entirely through stock selection. Our electricalcontractors, the picks and shovels of the data centre and grid build out, keptwinning work and the market kept rewarding them. Healthcare added through ouroverweight as the sector recovery broadened beyond CSL, and Financials added onboth sides of the book, through our holdings and our shorts in the wealthplatforms.
