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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
- Global share markets again moved lower during October as longer-term bond yields increased further and the economy continued to slow.
- Quality growth stocks outperformed the broader market, as the technology sector made gains, while consumer spending showed signs of moderating further.
- The Portfolio returned -0.4% in October, while the benchmark returned -1.0%.
We are pleased to include a recording of the investor update for the year to 30 June that was presented to shareholders at our recent AGM.