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NTA POST-TAX
NTA PRE-TAX
INVESTMENT PERFORMANCE1
DIVIDEND YIELD2
CONSECUTIVE QUARTERLY 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
- Global markets fell in June as inflation reached a 40-year high in both the US and Europe.
- Amid strong style headwinds and economic uncertainty, we continue to find opportunities to purchase high-quality, growing businesses.
- The Portfolio’s overweight in Health Care was a contributor to relative returns as Health Care stocks significantly outperformed the broad index.
The Portfolio fell -4.0% in June, outperforming the Index (MSCI World Total Return Index (net) in $A) which fell -4.7% for the same period.