“Without frugality none can be rich, and with it very few would be poor.” – Samuel Johnson
The following table represents Logos LP’s total return compared a basket of relevant indexes. The price per unit as of March 31st, 2018 is $25.71 compared to $25.59 as of December 30th, 2017:
At 19.95% compounded annually, the fund has achieved a cumulative return that is over 30% above the cumulative return of the S&P 500 ($CAD). There are 22 names in the portfolio with our top 10 comprising 71% of the fund’s net asset value. We believe these businesses have very strong long-term earnings growth potential, contain high and consistent returns on capital, and have management with superior capital allocation capabilities.
The full letter is available for subscribers below:
