the worst of about 20 lics, page-2

While it's true that those figures are just based on asset value, so exclude distributions, that also applies relatively to most of the others with distributions.

However, to consider your total return, you just need to add your yield on and move the position to the right. For the past 3 years that's been around 6-7 %.

From the 3 year graph you can see that would put it around the 6.5% mark - which is still at the tail end of the pack.

I was in CTN for a similar period but decided to sell out earlier this year as I wasn't satisfied by their performance of late. Even amongst their peers, they had relatively underperformed.

In particular, I was disappointed by the CCQ transaction which I'd hoped would improve their return by increasing economies of scale, but as the report shows, their costs are still comparatively high.