Performance history

Performance, benchmarked clearly.

Priori measures Fund performance against SPY total return, including reinvested dividends. Where a single representative live series is shown, it is the Q1 Fund.

Quarterly and annual results.

The official external-investor fund launched on 1 January 2026. Earlier results are the combined personal trading results of the fund managers and are indicative only. Live Fund figures below are from the locked 30 June 2026 reporting snapshot.

+83.17% Q1 Fund gross return Since 1 January 2026
+56.17% Q1 Fund net return After accrued fee and tax
+73.10pp Gross excess versus SPY SPY total return +10.07%
NZ$1,561.66 Net Unit Value As at 30 June 2026
PeriodStatusGross returnSPY total returnGross outperformance
Q3 2025 Pre-launch indicative +44.43% +8.64% +35.79%
Q4 2025 Pre-launch indicative -9.07% +2.66% -11.73%
FY2025 Pre-launch indicative +43.05% +17.72% +25.33%
Q1 2026 Q1 Fund · live -1.38% -4.37% +2.99%
Q2 2026 Q1 Fund · live +83.74% +14.26% +69.48%
Live quarterly comparison figures use Q1 Fund as the representative public series and are raw economic NAV returns before accrued performance fee and tax. Q1 Fund net return and Unit Value are after those accruals. Quarterly rows are independently measured over their stated windows; the since-inception figure is the Fund's full linked daily series. FY2025, Q3 2025, and Q4 2025 reflect the combined personal trading results of the two fund managers before Priori formally accepted external capital. They are indicative, not Fund performance. Each quarterly Fund has its own inception date and investor result. Past performance is not a reliable indicator of future results.

Quarterly comparison

Returns by reporting period.

Each period shows the applicable Priori or Q1 Fund gross return independently against the benchmark. Earlier periods are indicative; live rows use Q1 Fund as the representative series.

-20% 0% 20% 40% 60% 80% 100% +44.43% +8.64% Q3 2025 Pre-launch indicative -9.07% +2.66% Q4 2025 Pre-launch indicative -1.38% -4.37% Q1 2026 Q1 Fund · live +83.74% +14.26% Q2 2026 Q1 Fund · live
Gross quarterly return SPY total return benchmark

Q1 Fund risk metrics.

Locked daily-series measures from 1 January to 30 June 2026. The short operating history makes these metrics sensitive to individual periods.

-13.94%Maximum drawdownSPY -8.88%
43.73%Annualised volatilitySPY 14.37%
2.95Sharpe ratioSPY 1.24
4.94Sortino ratioSPY 1.83

Investor enquiries

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to discuss wholesale investor requirements, investor materials, and the onboarding process.