SHARE PRICE
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 strengthened in April as economic data remained resilient and company earnings exceeded investor expectations
- Australian dollar weakness supported share market returns in AUD terms
- The Portfolio returned 1.9% in April, while the benchmark returned 3.1%
SHAREHOLDER OPEN FORM – ASK US ANYTHING
In an effort to have greater engagement with our shareholders, as well as ensure our monthly commentary and investment updates cover the topics important to you, we have included an open text form in this month’s report that will allow you to submit any questions you may have for the investment team, Harding Loevner, in relation to the investment process, portfolio holdings, portfolio construction or performance. Please submit your questions HERE and we will provide a comprehensive response to all questions in next month’s report.