Astral Value Fund performance over time. See our market leading returns.

“A practitioner is not judged by the rigour of his logic or by the elegance of his presentation. He is judged by results. “

Dr Goh Keng Swee

AVF vs Indices

Fund Performance Summary

	AVF*	Hang Seng	STI **
2024 (Sep)	15.1%	24.0%	13.7%
2023	3.2%	-13.8%	1.1%
2022	-7.0%	-15.5%	4.8%
2021	16.5%	-14.1%	7.7%
2020	12.5%	-3.4%	-10.2%
2019	10.9%	9.1%	6.3%
2018	-4.9%	-13.6%	-11.6%
2017	16.5%	36.0%	27.9%
2016	7.0%	0.4%	-2.3%
2015 (May-Dec)	-1.8%	-22.1%	-22.6%
Since launch (May 2015)	86.8%	-24.9%	5.9%
Outperform since launch		111.6%	80.9%
CAGR***	6.9%	-3.0%	-0.6%

*Returns are net of all fees
**Straits Times Index was rebased to USD using the month-end exchange rate
***Compound Annual Growth Rate

Monthly Performance

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	YTD
2024	-4.4%	4.3%	1.0%	3.5%	3.5%	-2.0%	-1.5%	-0.4%	11.1%				15.1%
2023	10.4%	-5.0%	0.8%	0.5%	-3.8%	2.3%	5.0%	-4.1%	-1.1%	-3.8%	0.1%	2.8%	3.2%
2022	1.7%	-0.4%	-3.4%	-1.6%	-1.4%	0.2%	-4.7%	-0.5%	-10.7%	-8.3%	16.1%	8.7%	-7.0%
2021	0.7%	7.3%	1.3%	6.9%	7.8%	-0.9%	-3.3%	-0.1%	0.02%	0.1%	-3.8%	0.2%	16.5%
2020	-2.3%	-1.7%	-13.5%	5.2%	-0.5%	6.8%	7.0%	4.2%	-1.6%	0.5%	7.6%	2.2%	12.5%
2019	2.9%	6.5%	3.0%	0.1%	-2.8%	2.6%	0.9%	-4.4%	0.8%	-0.1%	-1.0%	2.3%	10.9%
2018	2.8%	-2.6%	0.1%	0.0%	5.8%	-2.9%	-0.7%	-4.3%	-0.9%	-6.6%	5.1%	0.1%	-4.9%
2017	3.1%	1.7%	3.3%	4.0%	0.2%	0.2%	1.7%	-1.3%	1.4%	2.3%	-2.4%	1.4%	16.5%
2016	-7.0%	1.6%	4.9%	3.4%	0.3%	-4.1%	3.9%	3.7%	3.1%	-0.6%	-0.1%	-1.6%	7.0%
2015					-0.3%	-0.2%	1.3%	-7.0%	0.4%	4.6%	1.0%	-1.4%	-1.8%

Monthly NAV

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2024	155.1	161.8	163.4	169.2	175.0	171.5	168.8	168.1	186.8
2023	173.6	164.9	166.2	167.0	160.7	164.5	172.8	165.7	163.9	157.6	157.7	162.2
2022	171.9	171.1	165.2	162.5	160.3	160.6	153.1	152.4	136.1	124.7	144.7	157.3
2021	146.2	156.9	158.9	169.9	183.2	181.5	175.5	175.3	175.3	175.4	168.8	169.1
2020	126.1	123.9	107.2	112.8	112.2	119.9	128.2	133.6	131.4	132.0	142.1	145.2
2019	119.8	127.6	131.5	131.6	127.9	131.2	132.4	126.5	127.5	127.4	126.2	129.1
2018	125.9	122.5	122.6	122.6	129.7	125.8	125.0	119.6	118.5	110.7	116.3	116.4
2017	108.4	110.2	113.8	118.3	118.5	118.8	120.8	119.2	120.9	123.6	120.7	122.4
2016	91.3	92.8	97.3	100.6	100.9	96.8	100.6	104.3	107.5	106.9	106.8	105.1
2015				100.0	99.7	99.6	100.9	93.8	94.2	98.6	99.6	98.2