Australian Growth: Performance Feb-2023

Australian Growth portfolio performance since inception on July 1, 2018 is set out below. We expect to hold most growth stocks for 5 to 10 years.

Australian Growth Annualized Performance 1-Jul-2018 to 28-Feb-2023: Portfolio 3.28%, ASX 200 Accumulation Index 7.55%

Individual Stocks

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Past Performance

Hypothetical $1 million invested in the Australian Growth portfolio on July 1, 2018:

Hypothetical AUD 1 million invested on July 1, 2018 would have grown to 1.16 million by February 28, 2023, compared to the ASX 200 Accumulation Index (XJOA) which would have grown to 1.4 million.

Performance Notes:

Performance is calculated in Australian Dollars.
Annualized performance is calculated using the CAGR formula.
Returns are calculated after brokerage costs but excludes all other fees and charges.
Franking credits are excluded from return calculations.
Not all stocks have equal weighting nor held for the full period.
Past performance is not a guarantee of future performance.

Portfolio Allocation

Current portfolio allocation differs considerably from our target allocation, set as a long-term aspirational goal, due to elevated market risk, over-priced sectors, and opportunities in cyclicals (including gold and precious metals).

Current Allocation

The graph below reflects current portfolio allocation:

Australian Growth Current Allocation

Past Allocations

Allocations have evolved over time to deal with elevated market risk, over-priced sectors, and opportunities in cyclicals:

Australian Growth Past Allocations