Posted on by Andy

International Growth: Performance May-2023

International 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.

International Growth Annualized Performance July 1, 2018 to May 31, 2023: Portfolio 8.3%, S&P 500 Total Return Index 11.18%

And in Australian Dollars:

International Growth in AUD Annualized Performance July 1, 2018 to May 31, 2023: Portfolio 11.16%, S&P 500 Total Return Index 14.12%

Performance of Individual Stocks

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Past Performance

Hypothetical $1 million invested in the International Growth portfolio on July 1, 2018, calculated in US Dollars:

Hypothetical USD 1 million invested on July 1, 2018 would have grown to 1.48 million by May 31, 2023, compared to the S&P 500 Total Return Index (SPXT) which would have grown to 1.68 million.

Converted to Australian Dollars (on a month-end basis):

Hypothetical AUD 1.35 million (equivalent of USD 1 million) invested on July 1, 2018 would have grown to 2.28 million by May 31, 2023, compared to the S&P 500 Total Return Index (SPXT) which would have grown to 2.59 million.

Performance Notes:

  • Performance is calculated in US Dollars except where otherwise stated.
  • Annualized performance is calculated using the CAGR formula.
  • Returns are calculated after brokerage costs but exclude all other fees and charges.
  • Not all stocks have equal weighting nor held for the full period.
  • Past performance is not a guarantee of future performance.

Portfolio Allocation

The graph below reflects current portfolio allocation:

International Growth Current Allocation

For a detailed discussion of target sectors see Changes to International portfolio allocation.

Past Allocations

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

International Growth Past Allocations