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NTA POST-TAX
NTA PRE-TAX
INVESTMENT PERFORMANCE1
DIVIDEND YIELD2
CONSECUTIVE DIVIDENDS PAID
1. Investment performance since new mandate adopted 1 July 2017.
2. Dividend yield is based on current displayed share price and dividends declared over the previous 12 months
3. Grossed up yield is based on current displayed share price, dividends declared over the previous 12 months and the tax rate and franking percentage applicable for the most recently declared dividend
SUMMARY
The third quarter of 2020 kept investors on the edge of their seats. By the end of August, the S&P500 delivered its strongest five month return since 1938, shortly followed in September with the fastest technical correction sell-off of the NASDAQ in history.
In addition, of significance to Australian investors, the Australian dollar rallied from an intra-day low of 55.1 cents (March low) to approximately 72 cents to the USD which translates to an appreciation of over 30%.
Despite the intra-quarter volatility, the final outcome was a repeat of most quarters over the prior five years.
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