ASB Partners May 2025 Performance

Dear Partners and Friends,

• ASB Partners’ estimated net return was +3.6% in May and +11.2% YTD net of fees through 5/30/2025;

• 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 Q125 Letter

Thanks,

Adam