ASB Partners July 2025 Performance

Dear Partners and Friends,

• ASB Partners’ estimated net return was -.6% in July and +13.7% YTD net of fees through 7/31/2025;

• Please see the table below for relative performance

  

• Click here for more information about the fund: ASB Partners Investor Package

• Click here for the ASB Partners Q225 Letter

Thanks,

Adam