Nanuk New World Fund (NNUK) H2 2024 earnings summary

Executive summary

• Nanuk New World Fund invests in a diversified portfolio of global equities focused on resource scarcity and environmental sustainability, with ESG integration and Responsible Investment certification.

• The Fund is available as an active Exchange Traded Managed Fund (ASX: NNUK) and also offers a currency-hedged unit class (Class H).

• No significant changes in the Fund's activities or state of affairs occurred during the year.

Financial highlights

• Profit before finance costs attributable to unitholders was $154.4 million for FY2024, up from $103.8 million in FY2023.

• Total income rose to $164.7 million from $113.2 million year-over-year.

• Distributions paid and payable: $72.4 million (Class A), $2.6 million (Class H).

• Net assets attributable to unitholders increased to $788.7 million as of 30 June 2024, from $711.4 million a year earlier.

• Fund performance: 21.7% return for unhedged class units, 23.9% for hedged class units for the year.

Outlook and guidance

• The Fund will continue to be managed according to its investment objectives and guidelines.

• Future results will depend on investment market performance; past returns are not indicative of future performance.