The Fund returned 8.4% over the quarter, ahead of its benchmark. Our overweight position in UK mid-caps drove the majority of this outperformance, and we expect this to continue into the coming year. Covenant exposure remains within the limits set out in the mandate. The valuation of the unlisted holding was confirmed by an independent third party in March.
The check
Show us what the AI produced.
Your team drafts a quarterly client letter with an assistant. It reads well. Below is what Provenact returns when you give it that draft and the approved sources it was meant to rest on.
The reviewer stops rebuilding the basis and starts reading the exceptions.
That is the whole saving. Today a reviewer who receives an AI-prepared letter is the first person to have looked at it properly — so they reconstruct its basis by hand, one claim at a time, before their name goes near it.
Provenact does the reconstruction. The person does the judgement, on the three things that actually need it.
This is the same 53%-against-50% breach recorded in the hosted run on the receipt page — one illustrative letter, one real reviewed record, deliberately showing the same case from both ends. Worked example built on a fictional reference fixture. Provenact does not provide investment advice and asserts no valuation. No customer result is claimed.