The Foundation investment fund announced Thursday a slight decline of 2.8% in its return for the period of the last 12 months ended May 31.

This net result brings the value of the share to $15.02, contrasting with the strong growth of 22.7% observed a year earlier.

Net assets rose 5.1%, from $1.96 billion to $3.11 billion year over year, according to Fondaction, which passed the 200,000 shareholder mark.

As of May 31, Fondaction recorded 24,700 new contributors, bringing the number of its shareholders to a record 202,918 shareholders, an increase of 11.4%.

The return on development capital investments (DCI) posted a solid result of 5.4% to reach $1.66 billion during the same period.

In 2022, the fund injected more than $309 million in new investments in development capital, venture capital, mezzanine debt and in the real estate sector.

"We can once again observe that Fondaction's diversified portfolio, invested in Quebec companies and in the financial markets according to a sustainable finance strategy, makes it a more resilient savings vehicle in a context of volatility", underlined Geneviève Morin, President and CEO of Fondaction.