SHARE PRICE
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
• The Portfolio returned 3.4% in May, while the benchmark returned 1.1%
• Global share markets weakened in May as macro-economic concerns outweighed investor enthusiasm for the opportunities emerging in AI
• Australian dollar weakness contributed to share market returns in AUD terms