SHARE PRICE
NTA POST-TAX
NTA PRE-TAX
PORTFOLIO RETURN
(20 YEARS)
DIVIDEND YIELD1
CONSECUTIVE QUARTERLY DIVIDENDS PAID
1. Dividend yield is based on current displayed share price and dividends declared over the previous 12 months
2. 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 equities delivered strong gains in May, driven by technology stocks, as semiconductor companies continued to report good earnings growth.
- Growing expectations that moderating inflation will enable major central banks to begin cutting interest rates later this year further supported share markets.
- The Portfolio returned 1.2% in May, while the benchmark returned 2%, as strong global equity returns were somewhat offset by the strength of the Australian dollar.