Australian Growth: Performance Jul-2023

Australian Growth portfolio performance since inception on 1 July 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 31-Jul-2023: Portfolio 3.92%, ASX 200 Accumulation Index 7.69%

Individual Stocks

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Past Performance

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

Hypothetical AUD 1 million invested on 1-Jul-2018 would have grown to 1.22 million by 31-Jul-23, compared to the ASX 200 Accumulation Index (XJOA) which would have grown to 1.46 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

The graph below reflects current portfolio allocation:

Australian Growth Current Allocation

For a detailed discussion of target sectors see Changes to Australian portfolio 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

International Growth: Performance Jul-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 July 31, 2023: Portfolio 9.65%, S&P 500 Total Return Index 12.9%

And in Australian Dollars:

International Growth in AUD Annualized Performance July 1, 2018 to July 31, 2023: Portfolio 11.72%, S&P 500 Total Return Index 15.04%

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 1.6 million by July 31, 2023, compared to the S&P 500 Total Return Index (SPXT) which would have grown to 1.85 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 2.38 million by July 31, 2023, compared to the S&P 500 Total Return Index (SPXT) which would have grown to 2.76 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

International Growth: Performance Jun-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 June 30, 2023: Portfolio 9.63%, S&P 500 Total Return Index 12.42%

And in Australian Dollars:

International Growth in AUD Annualized Performance July 1, 2018 to June 30, 2023: Portfolio 11.93%, S&P 500 Total Return Index 14.77%

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 1.58 million by June 30, 2023, compared to the S&P 500 Total Return Index (SPXT) which would have grown to 1.8 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 2.38 million by June 30, 2023, compared to the S&P 500 Total Return Index (SPXT) which would have grown to 2.69 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

Australian Growth: Performance Jun-2023

Australian Growth portfolio performance since inception on 1 July 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 30-Jun-2023: Portfolio 3.47%, ASX 200 Accumulation Index 7.22%

Individual Stocks

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Past Performance

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

Hypothetical AUD 1 million invested on 1-Jul-2018 would have grown to 1.19 million by 30-Jun-23, compared to the ASX 200 Accumulation Index (XJOA) which would have grown to 1.42 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

The graph below reflects current portfolio allocation:

Australian Growth Current Allocation

For a detailed discussion of target sectors see Changes to Australian portfolio 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

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

Australian Growth: Performance May-2023

Australian Growth portfolio performance since inception on 1 July 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 31-May-2023: Portfolio 3.39%, ASX 200 Accumulation Index 6.96%

Individual Stocks

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Past Performance

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

Hypothetical AUD 1 million invested on 1-Jul-2018 would have grown to 1.18 million by 31-May-23, compared to the ASX 200 Accumulation Index (XJOA) which would have grown to 1.39 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

The graph below reflects current portfolio allocation:

Australian Growth Current Allocation

For a detailed discussion of target sectors see Changes to Australian portfolio 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

Australian Growth: Performance Apr-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 30-Apr-2023: Portfolio 3.94%, ASX 200 Accumulation Index 7.66%

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 1.21 million by April 30, 2023, compared to the ASX 200 Accumulation Index (XJOA) which would have grown to 1.43 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 from our target allocation due to medium-term technical trends and over-pricing in targeted sectors. For further details see Changes to Australian portfolio allocation.

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

International Growth: Performance Apr-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 1-Jul-2018 to 30-Apr-2023: Portfolio 8.45%, S&P 500 Total Return Index 11.29%

And in Australian Dollars:

International Growth in AUD Annualized Performance 1-Jul-2018 to 30-Apr-2023: Portfolio 10.97%, S&P 500 Total Return Index 13.88%

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 April 30, 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 2.24 million by April 30, 2023, compared to the S&P 500 Total Return Index (SPXT) which would have grown to 2.54 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

Current portfolio allocation differs from our target allocation due to medium-term technical trends and over-pricing in targeted sectors. For further details see Changes to International portfolio allocation.

Allocations Changed Apr-2023

We have revised the allocation of some stocks held in the model portfolio. These changes have been applied to the current and past allocations below.

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Current Allocation

The graph below reflects current portfolio allocation:

International Growth Current 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

International Growth: Performance Mar-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 1-Jul-2018 to 31-Mar-2023: Portfolio 8.96%, S&P 500 Total Return Index 11.13%

And in Australian Dollars:

International Growth in AUD Annualized Performance 1-Jul-2018 to 31-Mar-2023: Portfolio 11.29%, S&P 500 Total Return Index 13.5%

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 1.5 million by March 31, 2023, compared to the S&P 500 Total Return Index (SPXT) which would have grown to 1.65 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 2.25 million by March 31, 2023, compared to the S&P 500 Total Return Index (SPXT) which would have grown to 2.47 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

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:

International Growth Current 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

Australian Growth: Performance Mar-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 31-Mar-2023: Portfolio 3.27%, ASX 200 Accumulation Index 7.38%

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 1.17 million by March 31, 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