The Fund increased 5.42% (Class A, without sales charge) during the quarter, compared to a 6.02% increase in the Russell 1000 Index.
During the quarter, the Fund’s holdings in the industrials, energy, and financials sectors provided the largest positive contribution to return. Holdings in the consumer staples sector detracted from return. The Fund’s underperformance relative to the Russell 1000 Index was primarily driven by security selection in the information technology sector, as well as security selection and an overweight position in the consumer staples sector. Security selection in the energy and industrials sectors contributed to relative return.
Bonhoeffer Fund's performance update for the month ended July 31, 2022. Q2 2022 hedge fund letters, conferences and more The Bonhoeffer Fund returned 3.5% net of fees in July, for a year-to-date return of -15.8%. Bonhoeffer Fund, LP, is a value-oriented private investment partnership for . . . SORRY! This content is exclusively for Read More
• Exploration and production company EOG Resources, Inc. (EOG) continues to be a leader in the horizontal development of oil plays in the U.S. Results continued to improve and exceed expectations as productivity increased and costs are managed.
• Building and aerospace technology conglomerate United Technologies Corp. (UTX) experienced surprisingly strong order growth in the Otis, Carrier, and Pratt & Whitney segments. Lower pension costs and synergies from the Goodrich acquisition bode well for future financial performance.
• Boston Scientific Corp. (BSX), a medical device manufacturer, recen